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Gen X, Millennials buy the most EVs, as Boomers dominate policy

Baua Electric

of new vehicles purchased by Gen X in 2023 were electric. New vehicle registrations by generation (via Experian) As Experian has pointed out before, sales volumes are growing for all vehicle types, including gasoline cars. Experian’s fourth quarter 2023 Automotive Market Trends report, released Thursday, noted that 9.4%

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EPRI: lifetime cost of ownership of plug-ins is roughly comparable with conventional vehicles

Green Car Congress

Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). —“Total Cost of Ownership for Current Plug-in Electric Vehicles”.

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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

However, Battery Electric Vehicles (BEVs) are not driving growth as they historically have done. JATO’s data revealed that these vehicles were responsible for 61% of total sales in February 2024, in comparison to the 62% registered in February 2019. This comes despite the ongoing geopolitical tensions across the continent.”

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Feature: Are Eco-Friendly Cars Expensive to Own?

Clean Fleet Report

They found that hybrid and alternative fuel vehicles (especially electric cars) easily saved their owners money when looking at the purchase price, fuel costs and regular maintenance. The motors that electric vehicles use have fewer moving parts than their gasoline-powered counterparts and don’t require oil changes.

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Audi provides overview of its 4 distinct EV platforms

Green Car Congress

Globally, by 2025, Audi is aiming to have 30 electrified models on sale, with 20 of those vehicles fully electric. In the US, Audi has already introduced five production models: the Audi Q5 TFSI e, A7 TFSI e and A8 TFSI e plug-in hybrid electric vehicles (PHEV) as well as the e-tron all-electric SUV and upcoming e-tron Sportback.

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Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

Green Car Congress

Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 However, achieving such growth level will be dependent on two key factors: aggressive reductions in battery costs and rising gasoline prices. Earlier post.)

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Top Factors Affecting EV Adoption

EV Connect

Industry experts predict that electric vehicles (EV) will account for 40% of car sales by 2030. Yet for all the optimism around the electric vehicle adoption rate, certain human, structural and environmental factors still dictate the pace. Of the 289 million cars registered on US roads, barely 2 million are electric.

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