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J.D. Power: First-time owners find switching to EVs highly satisfactory

Green Car Congress

First-time owners who have made the switch to battery electric vehicles (BEVs) are discovering that it is a positive experience. We know from our research that many consumers have concerns during the purchase consideration process with aspects like battery range and vehicle charging. PP100) and squeaks and rattles (13.4

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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. Let’s look at the advancements in battery cost reduction, navigate through supply chain complexities, and explore the promising prospects ahead for the EV market.

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ICCT study finds state EV incentives playing a significant role in driving sales

Green Car Congress

A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales. Source: ICCT. Click to enlarge. —Jin et al.

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The US Needs 20 Times More EV Charging Stations by 2030… Or Else

Blink Charging

According to the Bureau of Transportation Statistics , electric vehicle sales, including plug-in hybrid electric (PHEV) and battery electric vehicles (BEV), increased from just over 17,000 in 2011 to 632,883 in 2021. In fact, BEVs accounted for 3.2% of the total light-duty vehicle market in 2021!

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The Global Outlook of Electric Vehicles

Blink Charging

Perhaps nothing illustrates the rise of electric vehicles over the past decade more than this statistic: In 2012, the total number of electric vehicles (EVs) sold in the entire world was 120,000. However, there are still challenges ahead, most notably with procuring the raw materials needed for battery production.

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Top Factors Affecting EV Adoption

EV Connect

But as better battery algorithms and new cooling technologies enter the market, expect charging times to come down (and “range anxiety” levels among drivers to drop accordingly). Cost (and Cost Comparison) A recent study showed 67% of would-be purchasers claim cost is a primary concern.

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5 Best Electric Car Insurance Tips for Millennials

Clean Fleet Report

The national average for electric car insurance cost is $2,280 per year. The high cost of electric car insurance can be attributed that the fact that an electric car is often more expensive than its gas-powered counterpart. Through the Federal Tax Credit, you can be eligible for up to $7,500.