The easiest way to get a $7,500 tax credit for an electric vehicle? Consider leasing.
Lease affordability has surpassed purchase affordability” in a J.D. Power index that includes total cost of ownership, said Elizabeth Krear, vice president of the EV practice at J.D. Power. Many consumers have become aware of the difference and are capitalizing on it, according to an Associated Press story. In April, Krear said, leases accounted for […]
How Much Electrical Power Does Your Home Charging Station Really Need?
There are four main questions you should consider before purchasing your home EV charging equipment, according to Tom Moloughney, who writes in Inside EVs: “There are charging stations available today that can deliver more power, and some that can deliver far less, so deciding how many amps you need for your EV charger might seem […]
Making Electric Vehicle Charging More Equitable Is Key to Our Clean Vehicle Future
Most of the nation’s public chargers remain clustered in areas where wealthy, predominantly white, early EV adopters live. That’s not altogether surprising, given charging station developers went where there was demand. But this has also created areas with little to no public charging access that often fall along racial and socioeconomic lines. To meet our […]
1% of Vehicles on the Road in U.S. and Canada Now Electric
1 out of every 100 vehicles on the road is either a battery electric vehicle (BEV) or plug-in hybrid electric vehicle (PHEV), according to EV Adoption. Read the full story >
Hertz (HTZ) EV fleet reaches 50,000 in Q1, 10% of its overall vehicles.
Car rental giant Hertz (HTZ) ended the first quarter with 50,000 EVs in its fleet, accounting for 10% of its total vehicles. In Q1, Hertz credited its electrification strategy for the company’s growth and positive outlook for the remainder of the year. Read More
Frugal Man Buys $52,000 Car – Why?? | Mr. Money Mustache.
As I type this, I’m jumping through the various hoops involved in buying a 2023 Tesla Model Y, a spectacularly expensive, large luxury “crossover” that is absolutely loaded to the gills with excess: all wheel drive, faster acceleration than a Lamborghini, enough space for seven people and enough computer gadgetry to function as a small […]
Can the new 900hp Lotus Eletre beat a Tesla Model X Plaid? [Video].
Lotus has officially unveiled its all-electric hyper SUV, the Lotus Eletre, deemed the most advanced vehicle the brand has ever made. With up to 905hp and a 0 to 60 mph in under three seconds, is it enough to beat the Tesla Model X Plaid? Read More
Manufacturers, consumers blast plan to make ratepayers subsidize charging stations.
The number of electric vehicles on U.S. roadways is expected to ramp up dramatically in the coming years, and with it the number of charging stations will have to grow as well. Now groups representing Ohio utility consumers and manufacturers are trying to kill a plan that would force ratepayers to finance the electricity infrastructure […]
Global electric car sales’ ‘explosive growth’ – in numbers.
The share of EVs in total car sales globally jumped from 9% in 2021 to 14% in 2022, more than 10 times their share in 2017, according to the International Energy Agency’s new EV report, released today. Read More
Electric Chrysler 300 successor shown to dealers as new EV sedan.
Chrysler is planning an all-electric future, despite not having a single EV on the road today. Will the plans include an electric Chrysler 300 to continue the full-size sedans run? According to dealers, Stellantis is already working on one, but it may not carry the name. Read More
GM lifts 2023 expectations as it prepares for a breakout EV year.
After a solid start to the year, General Motors is raising its earnings and cash flow expectations for 2023. GM is gearing up for a breakout year with several highly anticipated EV launches planned across some of the most popular auto segments. Read More