Electric Vehicles
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In a seemingly bizarre yet tragic twist, a new study says that EV owners are a fickle bunch. After purchasing an electric vehicle, half of EV owners go back to ICE vehicles as either a replacement car or a second vehicle for their household – all with the exception of Tesla owners, who are (no surprise) notorious for their fierce brand loyalty.
EV sales surged past 300,000 for the first time in the third quarter, a nearly 50% increase over last year. As automakers like Volvo, Mercedes-Benz, Nissan, and Hyundai ramp production, Tesla’s market share is slipping.
Expand Expanding CloseKelley Blue Book released its new vehicle average transaction price report today, and it shows the average price paid for an EV in September was $50,683, down from more than $65,000 a year ago.
Expand Expanding CloseThe IRS has just released new guidelines to enable dealers to take the $7,500 electric vehicle tax credit from the buyers and apply it directly to the purchase of new and used electric vehicles.
It should make the experience a bit easier.
Expand Expanding CloseThe US achieving net zero by 2050 is possible, and a new report released today maps how it can get there with EV adoption at scale.
Expand Expanding CloseThere’s a lesson to take from China’s abandoned electric cars that are going viral right now, and it’s not that EVs won’t work.
Expand Expanding CloseBritish Prime Minister Rishi Sunak is considering weakening the UK’s commitments to net zero in a bombshell policy shift.
Expand Expanding CloseA New Zealand-based startup just got $18 million to commercialize graphite made of wood chips for EV batteries in Europe and the US.
Expand Expanding CloseAs EV demand rises, this is what the future will look like for gas cars, according to new data analysis by RMI (Rocky Mountain Institute).
Expand Expanding CloseSwiss students just broke the Guinness World Record for the fastest accelerating EV in their hand-built electric car. The all-electric car crushed the previous record, running from 0 to 62 mph (0-100 km/h) in under a second.
Expand Expanding CloseChinese automaker Changan revealed a fully electric concept car, dubbed the CD701, that can convert from an SUV to a pickup at the push of a button.
Expand Expanding CloseHybrid, plug-in hybrid, and battery EVs collectively accounted for 16% of US light-duty vehicle sales in the second quarter of 2023, according to the US Energy Information Administration (EIA).
Expand Expanding CloseThe Biden-Harris Administration announced $15 billion in funding to retool existing factories so that these factories can produce electric vehicles and batteries.
This is a lifeline for legacy automakers struggling to be profitable in the EV transition.
Expand Expanding CloseManufacturers have invested billions in US EV and EV battery factories in the last year – here’s how it breaks down.
Expand Expanding CloseNew York City has announced that it will now require EV rideshare fleets by 2030 – the world’s first large city to do so.
Expand Expanding CloseMost Americans apparently don’t know about the Inflation Reduction Act’s clean energy and EV rebates and tax credits, according to a recent poll – here’s why.
Expand Expanding CloseThe US government aims to buy nearly 9,500 EVs this year, according to the Government Accountability Office (GAO). With the new update, exactly how committed is the government to going electric?
Expand Expanding CloseThe benefits of trading in your gas guzzler for an EV go beyond protecting the environment. It can also help protect your health and that of those around you. With significant reductions in harmful air pollution, transitioning to electric vehicles and clean non-combustion electricity could save nearly 90,000 lives in the US by 2050, according to new data from the American Lung Association.
Expand Expanding CloseAt least Democrats and Republicans are beginning to agree on one thing – EVs can save you money (and the environment). Although EVs are often associated with liberal-leaning voters, more and more conservative buyers are going electric to save money on gas and experience the latest performance and technology.
Expand Expanding CloseRecovering demand in China’s booming EV market led to all major EV builders seeing a rise in sales over the last month. Although NIO was the exception, the EV startup began delivering its second-generation ES6 and is launching a new midsize electric tourer this month.
Expand Expanding CloseElectrifying the entire US federal fleet would save $6 billion over 15 years, according to a report from global research and analytics firm ICF Climate Center.
Expand Expanding CloseFor every $1 spent on fossil fuels globally, there’s now a $1.70 investment in clean energy – yet five years ago, the ratio was 1:1, according to the International Energy Agency (IEA).
Expand Expanding CloseMinnesota’s new law includes an EV rebate of $2,500 for a new car and $600 for a used one, with no income caps, among other EV incentives.
Expand Expanding CloseHertz announced today that it plans to add up to 6,000 rental EVs to its existing fleet in Orlando for leisure and business customers, as well as rideshare drivers.
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