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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

Purchase 321
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Everything You Need to Know About the Cost of Owning a Car

Clean Fleet Report

When it comes to buying a car, there is more than meets the eye. In reality, there are a lot of costs that come with owning a car. We’ve put together a comprehensive guide to help you understand all the costs associated with owning a vehicle. Maintenance Costs Associated With Car Ownership.

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Slowing EV uptake may delay Panasonic’s EV battery expansion, says CEO – ET Auto

Baua Electric

A slowdown in the take-up of electric vehicles in the U.S. The transition to EVs from cars running on gasoline has hit a rough patch globally as consumers slow the pace at which they switch to battery-powered vehicles amid inadequate infrastructure in some developed markets.

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Used EV prices have plummeted, now stand below ICE prices

Baua Electric

Average used EV prices fell below average prices for used gasoline cars in February, and have continued to decrease since then, according to iSeeCars. That trend is based on surveying posted asking prices for used cars, from a wide range of dealerships and sellers, within the period studied.

Price 52
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Renault partners with R-FIT to launch electric retrofit kits in France

Green Car Congress

Renault is launching electric retrofit kits in France in partnership with R-FIT. The Renault 5 electric retrofit kit will go on sale in France in September 2023 while the kit for the Twingo will be made available at a later date. These kits can be installed on the popular Renault 4, Renault 5 and first generation Twingo.

Kits 307
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CEO’s Take On 2024: Demand for feature-rich, safe, connected and electric vehicles to drive auto parts industry, says Bosch India chief – ET Auto

Baua Electric

Guruprasad Mudlapur, President- India, Bosch Group, and Managing Director, Bosch Limited Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry’s performance, what is your outlook for 2024? Q: What will be the key technologies that will shape the next decade of the auto component industry?

India 52
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EVs will drive long-term electricity cost down, studies suggest

Baua Electric

EVs could help drive down electricity rates by better-utilizing grid infrastructure, according to three recent studies summarized by the American Council for an Energy-Efficient Economy (ACEEE), an energy-policy advocacy organization. increase to a 1% decrease in electricity rates over 20 years. That means lower prices per kwh.