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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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Your Guide to Electric-Vehicle Charging-Station Tax Credits

EV Connect

And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. On the federal, state and local levels, there are a plethora of tax credits for installing electric-vehicle charging stations. It covers 30% of the cost for equipment and installation, up to $30,000.

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Hyundai Motor Plans On Building More Hybrids Inside North America

The Truth About Cars

This is despite over a decade of government subsidies trying to push the world toward battery powered transportation, much of which went directly to automakers as a way to help them cope with high development costs of novel electric powertrains. billion affair to one that’ll cost well over $12 billion to complete.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. We need both a policy like a carbon tax and to put more R&D money into renewables.

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Electrify Your Fleet Faster With Incentives and Rebates

EV Connect

The plummeting costs of technology haven’t hurt either — Ceres reported that electric vehicle battery costs , alone, dropped by 80% from 2012 to 2020. Here are just a few incentives you can seek out to lower the cost of your transition and offset the costs of installing the necessary charging infrastructure.

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Ola Cabs Ebitda profitable; electrification, premiumisation the future: new CEO Bakshi – ET Auto

Baua Electric

The firm, he said, had turned profitable based on earnings before interest, taxes, depreciation and amortisation ( Ebitda ) in the fiscal year ended March 31, 2023. Revenue grew 58% to INR 2,135 crore in FY23, he said, speaking at a press conference. Ola Prime+ currently has over 20,000 drivers in seven cities, he added.

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Bosch wireless sensors on pavement report available parking spaces

Green Car Congress

At the Bosch ConnectedWorld conference in Berlin, the company unveiled wireless sensors, to be installed on pavement, that will create real-time maps of available parking spaces. miles) when looking for somewhere to park, resulting in vehicle costs of €1.35 (US$1.54) per search. The survey reveals that Germans drive 4.5 kilometers (2.8

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