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Hertz’s EV sale to fan cost concerns, dampen used-car market – ET Auto

Baua Electric

“The larger impact of Hertz EV fire sale is the perception hit to the technology,” said Karl Brauer, analyst at used-car aggregator iSeeCars.com. Electric vehicles were already considered expensive and hard to repair. Tesla and Polestar, whose cars are popular with car rental firms, did not respond to a request for comment.

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

. “While we saw drops in EV battery shipment in the first quarter caused by customers’ battery inventory adjustment, we expect to see improved market environment backed by launches of new EVs in North America,” SK On Chief Financial Officer Kim Kyunghoon said in a post-earnings conference call.

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Toyota chairman predicts EVs will only reach 30 percent market share

Teslarati

Toyota has long been a proponent of a multi-faceted approach to electrification, touting non-battery-electric technologies like hydrogen fuel cells, hybrids and combustion engines.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94

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Tesla ally Herbert Diess shows why Volkswagen’s EVs are better than its own gas cars

Teslarati

It appears that Herbert Diess, the Chairman of the Board of Management of the Volkswagen Group, is definitely standing firm on his idea that electric vehicles are the future. “Driving a combustion engine car costs up to 50% more compared to an e-car. 4 finding a home among car buyers worldwide.

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Bring Back the EV1 Press Conference

Revenge of the Electric Car

City Council Member, held a press conference demanding General Motors apologize to the American people for destroying the automaker’s EV1 plug-in electric vehicle. This press conference was held at the very same GM facility where the EV1 Vigil took place during February and March 2005. said Holden.

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Audi will phase out gas engines by 2033, reversing past stance of CEO

Teslarati

Audi will now phase out gas engines by the year 2033, CEO Markus Duesmann announced at the Berlin Climate Conference earlier today. Duesmann said that “Audi is ready to make its decisive and powerful move into the electric age,” finally accepting the challenge of ditching gas engines for electric ones.

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