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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

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. per mile.

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2020 Detroit Auto Show cancels amid COVID-19 pandemic; expected conversion of TCF Center to field hospital

Green Car Congress

The North American International Auto Show (NAIAS) will cancel its June 2020 show in Detroit in light of the coronavirus (COVID-19) pandemic sweeping across the world and the Federal Emergency Management Agency’s expected plans to repurpose TCF Center into a temporary field hospital. NAIAS will hold its next annual show in June 2021.

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Ola Cabs Ebitda profitable; electrification, premiumisation the future: new CEO Bakshi – ET Auto

Baua Electric

Revenue grew 58% to INR 2,135 crore in FY23, he said, speaking at a press conference. In its draft IPO papers filed on December 22, Ola Electric had made no mention of the purchase by its ride-hailing sister company. ET reported on January 10 that the ride-hailing business’s overall loss narrowed 65% to INR 1,082 crore in FY23.

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2023 Los Angeles Auto Show Recap -- Stepping in the Right Direction

The Truth About Cars

I am flirting with a cliché here, I know, but the weather seemed to be a metaphor for how the 2023 Los Angeles Auto Show media day drove perception of the automotive industry's health. As I said, the amount of activity at any one given auto-show media day might not provide great insight to the bigger picture. At least in my opinion.

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JK Tyre challenges retrospective EPR liability, will pass on costs to customers | Autocar Professional

Baua Electric

JK Tyre has challenged the government’s attempt to retroactively impose Extended Producer Responsibility (EPR) norms on the industry, according to Dr. Raghupati Singhania, Chairman and Managing Director, in a post-results conference call. This target increases to 100% in FY25 and subsequent years.

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

Baua Electric

Analysts and industry experts believe the move will affect the second-hand market for EVs and dissuade buyers who are already rethinking big purchases due to higher borrowing costs. Hertz CEO Stephen Scherr flagged elevated costs caused by damages to certain EVs, particularly Teslas, last year at a conference. Hertz, the largest U.S.

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Intel challenges Nvidia, Qualcomm with ‘AI PC’ chips for cars – ET Auto

Baua Electric

Intel did not disclose a purchase price for the closely held company, controlled by venture funds Cipio Partners and Capital-E. “Intel has done a pretty terrible job communicating our success in automotive,” Weast told reporters in a conference call ahead of the announcement at the CES technology show in Las Vegas.