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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

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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 per mile.

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NREL, INL team assesses levelized cost of light-duty EV charging in US in 2019

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A team from the National Renewable Energy Laboratory (NREL) and the Idaho National Laboratory has produced a detailed assessment of the current levelized cost of light-duty electric-vehicle charging (LCOC) in the United States, considering when, where, and how EVs are charged. kWh); however, costs vary considerably (e.g.,

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J.D. Power: Majority of EV owners are intent on purchasing another one in the future

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Among the early adopters who own an EV, 82% say they “definitely will” consider purchasing another in the future, according to the inaugural J.D. However, satisfaction with the current ownership experience is a key influencer for whether owners will purchase the same brand of EV again.

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Juniper Research: EV charging at home to exceed $16B globally by 2026

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A new study from Juniper Research forecasts that spend on EV charging at home will exceed $16 billion globally in 2026; up from $3.4 The lack of access to charging at home for urban residents is a major issue, but given EVs are currently high cost, the likelihood is that users will have access to off-street parking.

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Germany providing another €100M to subsidize private charging stations; €500M total

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Germany is adding another €100 million to its successful promotion of private charging stations for electric cars in residential buildings, bringing the total to €500 million. Purchase and installation of the wallboxes are supported with a grant of €900. We are already promoting around 470,000 new charging points.

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Con Edison helping NYC drivers shift to EVs with more places to charge up

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Customer interest is growing quickly in Con Edison’s PowerReady program, which offers incentives covering up to 100% of the infrastructure costs of installing new chargers. So, too, are enrollments in the company’s managed charging program, SmartCharge NY, which offers financial rewards for charging during off-peak hours.

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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?

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  In this, we will explore whether the depreciation cost of EVs is the same as that of conventional vehicles and the basics of the factors involved in depreciation for any type of vehicle. Before moving on we should have an open mind on the process of calculating the depreciation cost of an EV.

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