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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

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Here’s how California seeks to cut the cost of home EV charging

Baua Electric

Spikes in electricity rates can raise the cost of charging an EV at home, but California has a solution. That would keep utilities’ revenue consistent while maintaining lower overall home-charging costs for EV owners. More than a third of U.S. EVs are sold in California, so it’s a very important matter for U.S.

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Used car mkt sees price surge, SUV demand – ET Auto

Baua Electric

With new car prices soaring over the last few years, the value of used cars has also gone up. In the last two years, the average ticket prices in the used car market has gone up to 6-6.5 In the last two years, the average ticket prices in the used car market has gone up to 6-6.5 lakh, a Baleno is priced between 4.7

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Reducing the cost of electric vehicles

Electric Vehicles India

Reducing the cost of electric vehicles. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles. Drop-in battery price will result in cost reduction of electric vehicles.

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CATL and BYD target 50% battery price cut this year to make EVs affordable – ET Auto

Baua Electric

This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 fast charging capabilities at an average cost of 0.4

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Shanghai auto show: Takeaways from Deutsche Bank

CN EV Post

Edison Yu's team shares their key takeaways on new model pricing, design, ADAS, and ultra-fast charging. Image credit: CnEVPost) As one of the most important auto shows in several years, the ongoing Shanghai auto show is attracting a lot of interest. Likewise, NIO did not detail the price of the new ES6, the team noted.

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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

Green Car Congress

Following an initial product launch in April 2022, the companies will partner to manufacture 50,000 electric auto-rickshaws over the next five years, advancing both companies’ roadmaps for “made in India” manufacturing. metric tons annually and eliminate dangerous NO x and PM tailpipe emissions that contribute to air pollution.

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