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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.

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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

Before the COVID-19 pandemic lockdowns, engineering simulation software company Ansys commissioned a global survey of 16,037 adults resulting in some insights about consumer attitudes toward vehicle electrification. US respondents are split when it comes to when they’ll consider purchasing an EV.

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Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday.

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Survey Finds Americans Believe Hybrid Technology Is Strategically Important for US, Too Expensive to Buy

Green Car Congress

While the survey found that 90% of US adults are open to choosing a hybrid if they were in the market for a new vehicle, it also determined that 80% of US adults think financial barriers such as purchase price and/or insufficient cost savings prevent people from buying a hybrid car.

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Car more than 15 years old? State govts announce discounts for scrapping; 5 things to know about how to scrap an old car – ET Auto

Baua Electric

Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. The tax can be up to 50% of your road tax and is based on the pollution level in your state.

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Communities Of Color Are Struggling With Air Pollution But Unable To Reap The Benefits Of EVs

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The EVNoire survey, conducted from January 27 to February 18, 2022, sheds insight on some of the reasons for this imbalance, which can assist policymakers in moving the world toward a more egalitarian, accessible, and electrified future. The redesigned EV tax credit includes a $4,000 credit on secondhand EVs up to $25,000.

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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. “Mainstream consumers are already hesitant to buy an EV, and this news only supports their concerns.” The value of used EVs has dropped 33.7%

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