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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

Farley noted that company executives are aware of buyers’ desire for more affordable EVs, noting Ford’s recent price cuts on the Mustang Mach-E, which gave the SUV a striking sales bump. The automaker’s hybrid models are quite popular, however, driven to a large degree by its expansive fleet business.

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Forth and Mobility Development partner to launch national EV carsharing program; affordable model for underserved communities

Green Car Congress

Forth and Mobility Development Group are creating a national partnership to launch the Affordable Mobility Platform (AMP), which will establish electric vehicle (EV) carsharing based at affordable housing sites in at least five states over the next two years. —Creighton Randall, CEO of Mobility Development.

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New Tesla Model 3 Performance with federal tax credit is more affordable than Long Range AWD

Teslarati

With the federal tax credit and estimated gas savings in place, the upgraded Model 3 Performance becomes more affordable than the mid-tier Model 3 Long Range Dual Motor AWD variant. With the federal tax credit and estimated gas savings, the new Model 3 Performance is listed with a price of $40,490.

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DOE to award $47M to develop affordable clean hydrogen technologies in support of Hydrogen Shot

Green Car Congress

The US Department of Energy (DOE) announced up to $47 million in funding ( DE-FOA-0002920 ) to accelerate the research, development, and demonstration (RD&D) of affordable clean hydrogen technologies. One example of interest includes catalysts that are based on perovskite materials, or that use perovskite materials as catalyst supports.

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GM, Volvo: EVs won't cost more than gas vehicles by 2025

Green Car Reports

Despite recent supply-chain issues causing a backslide in battery affordability, General Motors and Volvo now predict that will happen by mid-decade. For mass adoption to succeed, EVs will need to sell at prices comparable to internal-combustion cars while still generating profits for their manufacturers.

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Tesla maintenance and repair costs are lowest in the auto industry: data

Teslarati

Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.

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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

California’s current strategy of recovering a myriad of fixed costs in electricity usage rates must change as the state uses more renewable electricity to power buildings and vehicles, according to the findings from a new report from the Energy Institute at the UC Berkeley Haas School of Business and non-profit think tank Next 10.