Electric cars

Now that the US Senate has an agreement on the reform of the federal tax credit for electric vehicles, it looks like it might finally happen after roughly two years of work. Though it’s still pending a vote.

But it does bring up an interesting question: Will it make EV sales crash until the end of the year since it’s not retroactive?

The US Senate is going to move forward with a sweeping new bill after Senator Joe Manchin finally accepted to include investments to curb climate change. The new bill is going to include the long-awaited electric vehicle tax credit reform that is going to give back access to the tax credit to Tesla GM vehicles, along with other changes.

The average electric car price in the United States hit $66,000 last month – a more than 13% increase year over year. That’s a bit disappointing since the promise has been that EV prices would come down, but this price increase isn’t the whole story.

A new study in the UK shows that 100% of new car buyers in the country are ready to go electric for the right price.

The European Union is about to vote on banning the sale of new petrol and diesel cars from 2035, and five countries are planning to push to delay the move to electric car-only by five years.

BloombergNEF today released its seventh annual Electric Vehicle Outlook. While the study also makes longer-term predictions, here’s where its researchers think electric vehicle adoption is going between now and 2025.

The number of consumers looking to buy electric vehicles has hit 52%, according to the latest EY Mobility Consumer Index (MCI). This is the first time the number has exceeded 50%, and it represents a rise of 22 percentage points in just two years.

Spoiler alert: Electric vehicles are the future, and they’re destined to replace fossil fuel-powered cars. Unless you’ve got your head firmly buried in the sand, that won’t come as a shocker to you.

But credit where credit is due. We humans, we’re a pretty ingenious animal. We figured out how to build massive societies fueled in large part by poking holes in the ground and then burning the super-pressurized pre-historic algae we found. That was a neat trick, until we realized that it had the small downside of destroying the world we’re leaving for our kids. Whoops.

Now we’re in the process of righting that wrong. Some are embracing the change wholeheartedly, and others are being dragged into the future, kicking and screaming. But make no mistake, it’s the future and it’s coming.

Last month, I set out on a road trip in a Ford Mustang Mach-E in the south of the US from Asheville, North Carolina to Jackson, Mississippi, and back to see if the traditionally more conservative region is ready for the electric revolution.

Here’s my account of the experience.

Electric car sales in the United States jumped to a record high of over 200,000 vehicles during the last quarter (Q1 2022).

It’s a good sign, but the US EV market is still extremely reliant on Tesla and California.

Automakers worldwide will spend more than a half trillion dollars to develop new electric cars and passenger trucks, and also on battery manufacturing, through 2030, according to the latest report by London-based sustainability consultancy firm ERM for the Environmental Defense Fund (EDF).

JB Straubel, Tesla’s longtime Chief Technology Officer, has given some insight into how long he believes electric vehicle batteries should last — about 15 years. This is critical for Straubel’s new business.

Electric cars are now three to six times cheaper to drive in the US as gas prices are getting higher and more volatile.

To what extent are electric vehicles better than gas cars for the environment? Experts at the Argonne National Laboratory, a US Department of Energy science and engineering research center in Lemont, Illinois, are inviting the public to listen in as they discuss the best ways to measure greenhouse gas emissions.

The US Departments of Transportation and Energy today announced that nearly $5 billion is earmarked for a national electric vehicle charging network under the new National Electric Vehicle Infrastructure (NEVI) Formula Program established by President Joe Biden’s Bipartisan Infrastructure Law.

The global market share of electric cars more than doubled in 2021, marking a clear acceleration of electric vehicle adoption around the world – albeit some markets lag behind.

Ola Electric is known for its low-cost and high-performance electric scooters, but the company has previously teased the idea of adding two more wheels and producing full-size electric cars. Now we’re getting a better idea of what an Ola electric car might look like.

Vehicle manufacturers are ramping up electric vehicle production, so big companies like Amazon, AT&T, and IKEA are telling vehicle manufacturers what kinds of EVs they want. Here’s the “blueprint” that members of the Corporate Electric Vehicle Alliance are today presenting to makers like Volvo, GM, and Daimler explaining which EVs they want to purchase in the United States over the next five years.

At COP26, several major countries and automakers have agreed to set a new goal to go all-electric by 2040.

The goal is uninspired and likely useless.

Electric vehicles will grow from 0.7% of the global light-duty vehicle (LDV) fleet in 2020 to 31% in 2050, reaching 672 million EVs, predicts the US Energy Information Administration (EIA).

Tesla vehicle drivers are familiar with completing most of the car-buying or leasing steps online. But according to new research from global business management consultants EY, not everyone is ready to ditch the car dealership experience. It’s a familiar car-buying experience, especially for those who haven’t yet switched to electric cars. But dealerships are going to have to adapt quickly to the changes brought by the arrival of electric cars, or they’ll be left behind.