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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

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France launches new climate plan; Euro 7 lead; targeting ending the sale of vehicles emitting GHGs by 2040

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Nicolas Hulot, France’s new minister responsible for environment and energy, presented the country’s new climate plan at a press conference at the Ministry. The plan at this current level of detail does not specify whether or not that is tailpipe emissions or full lifecycle emissions, factoring in upstream for electric vehicles.)

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

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The BMW Group plans to invest more than €30 billion up to 2025 in research and development to underscore its position as an innovation leader, said Oliver Zipse, Chairman of the Board of Management of BMW AG, at the company’s Annual Accounts Press Conference in Munich. This also expresses our confidence for the future business development.

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Bosch study highlights potential of e-fuels to reduce CO2 emissions

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If the climate targets set by the Paris conference are to be achieved, CO 2 emissions from traffic worldwide will have to be reduced 50% over the next four decades, and by at least 85% in the advanced economies, Bosch notes. Even if all cars were to drive electrically one day, aircraft, ships, and even trucks will still run mainly on fuel.

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Big Oil Betting On Electric Vehicles

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Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.

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UK AA president says millions of second cars could be electric

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At last week’s Low Carbon Vehicle Partnership conference in the UK—prior to the Battersea Formula E Grand Prix run over the weekend—Edmund King, the UK AA’s (Automobile Association) president argued that millions of second cars in households could relatively easily be electric vehicles. AA also presented estimates that 2.5

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Deloitte suggests Gen Y’s embrace of hybrid vehicles may be auto market’s tipping point

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Gen Y’s strong affinity for hybrid vehicles could make it the “ generation that leads us away from traditional gasoline-powered vehicles ,” reports Craig Giffi, vice chairman and automotive practice leader at Deloitte LLP, after seeing the results of Deloitte’s annual survey of consumers and what they want in an automobile. —Joe Vitale.

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