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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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Tesla improves cost of goods sold per vehicle once again

Teslarati

Tesla improved the cost of goods sold per vehicle to slightly above $36,000, continuing to improve on the metric with a sequential reduction in cost every quarter. ” Tesla also noted: “Our team remains focused on growing our output, investing in our future growth, and finding additional cost efficiencies in 2024.”

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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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EV Pricing Could Go The Way Of Gasoline Pricing. In Other News, Sky is Blue

The Truth About Cars

A specter of EV charging prices eventually going the way of gasoline prices, complete with dynamic pricing and unpredictable costs. While the term took off in popularity thanks to companies like Uber, it’s a fact the practice has been around in fuel stations forever. The latest?

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Largest US e-bike company Rad Power Bikes reveals new price hikes across lineup

Electrek

Seattle-based Rad Power Bikes announced earlier this month that prices for its electric bicycles models would be increasing. The move is forced by major pricing pressures on the e-bike industry, including rising costs of raw materials like aluminum, a weakening dollar/RMB exchange rate and sky high shipping costs.

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ABC Companies partners with Lightning eMotors to launch first electric repowered motorcoach

Green Car Congress

ABC Companies, a leading provider to the motorcoach, transit and specialty passenger transportation market in the United States and Canada, will soon be the first to offer a motorcoach-diesel-to-electric-repower program for North American operators. —Roman Cornell, president and chief commercial officer of ABC Companies.

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Tesla Optimus price to be less than $25k-$30k over time: Elon Musk

Teslarati

Tesla CEO Elon Musk recently reiterated an ambitious target for the company’s humanoid robot. As per Musk in a recent post on X, he still thinks that the Tesla Optimus price would be around half of a car. This is not the first time that Elon Musk has hinted at an affordable price point for Optimus.

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