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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. The trend is consistent with steady growth in availability and affordability.

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Tesla Model Y RWD now available in South Korea

Teslarati

The Tesla Model Y Rear Wheel Drive (RWD) is now available in South Korea. The Model Y’s other variants — the Model Y Long Range Dual Motor AWD and the Model Y Performance — are listed simply as “available in 2024.” The post Tesla Model Y RWD now available in South Korea appeared first on TESLARATI.

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Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

Green Car Congress

This will translate into an increasingly popular and available product over the next 5 years. The report identified the nascent development stage of many commercial vehicle types and the high average cost of hydrogen-powered commercial vehicles—more than $70,000 globally in 2022—as key factors limiting adoption.

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Honda CEO: Solid-state batteries may enable affordable small EV by 2030

Baua Electric

Honda built its original reputation around affordable small cars like its Civic. It might take a technology breakthrough, like solid-state battery tech, before Honda sees a small, affordable car as making sense—late in the decade. Yet decades on, segueing into an era of EVs, it has no battery-electric equivalent to the Civic.

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First 35 State plans to build out EV charging infrastructure approved; more than $900M in FY22 and FY23 funding

Green Car Congress

The NEVI formula funding, which makes $5 billion available over five years, is expected to help build a convenient, reliable, and affordable EV charging network across the country. Approved Plans are available on the FHWA web site.

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GM, Honda announce new partnership to build affordable electric vehicles

Teslarati

General Motors and Honda have announced a new partnership to develop affordable electric vehicles based on a global platform. “GM By 2027, GM and Honda plan to launch low-priced and affordable electric options, including compact crossover vehicles, officials said. The companies already have worked together with EVs and autonomy.

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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?

Get Electric Vehicle

  In this, we will explore whether the depreciation cost of EVs is the same as that of conventional vehicles and the basics of the factors involved in depreciation for any type of vehicle. Before moving on we should have an open mind on the process of calculating the depreciation cost of an EV.

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