article thumbnail

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

Green Car Congress

However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run.

Purchase 321
article thumbnail

Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

Before the COVID-19 pandemic lockdowns, engineering simulation software company Ansys commissioned a global survey of 16,037 adults resulting in some insights about consumer attitudes toward vehicle electrification. US respondents are split when it comes to when they’ll consider purchasing an EV.

article thumbnail

DOE labs study on costs and benefits of new transportation technologies the most comprehensive to date

Green Car Congress

Key findings include insights into vehicle depreciation, an in-depth examination of insurance premium costs, comprehensive maintenance and repair estimates, an analysis of all relevant taxes and fees, and considerations of specific costs applicable to commercial vehicles.

article thumbnail

Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday.

article thumbnail

Tesla is most popular used EV brand in Carmax’s 2023 Electric Vehicle Consumer Report

Teslarati

Peak search interest occurred in October, which was around the time when new rules for the US’ federal EV tax credit were being implemented. CarMax’s dealership and online shopping data provided insights into the most popular used electric vehicles in their inventory.

article thumbnail

Car more than 15 years old? State govts announce discounts for scrapping; 5 things to know about how to scrap an old car – ET Auto

Baua Electric

Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. The tax can be up to 50% of your road tax and is based on the pollution level in your state.

Auto 52
article thumbnail

You can power your home for 21 days with a Chevy Silverado EV and GM’s new bidirectional charger

Baua Electric

Customers can purchase GM Energy’s V2H bundle through current GM mobile brand apps. Installation costs and taxes won’t be included and will vary, depending on a home’s existing setup and other things. Electrek ‘s Jameson Dow will demo GM Energy’s new V2H products on May 9 and will report back with insights.