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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 per mile.

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

Green Car Congress

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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UK AA president says millions of second cars could be electric

Green Car Congress

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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Exploring the Potential Use, Impact and Valuation of Plug-in Hybrid Electric Vehicles

Green Car Congress

A study by Jonn Axsen and Ken Kurani from the Institute of Transportation Studies, UC Davis, estimates electricity and gasoline use under three recharging scenarios. the electric range capability—of the PHEV. Two recent studies explore different aspects of the use, potential impact and valuation of PHEVs. Plug and play.

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

Green Car Congress

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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Governors of 8 states sign MoU to put 3.3M zero-emission vehicles on roads by 2025; 15% of new vehicle sales

Green Car Congress

Zero-emission vehicles include battery-electric vehicles, plug-in hybrid-electric vehicles, and hydrogen fuel-cell-electric vehicles; the technologies can be applied in passenger cars, trucks and transit buses. This multi-state effort is intended to expand consumer awareness and demand for zero-emission vehicles.

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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

Green Car Congress

The investment consists of an initial investment and additional purchases of CRI equity over a 3-year period. Methanol-powered vehicles are one pillar of Geely Auto’s diversified new-energy strategy, which also encompasses ethanol, CNG, gasoline-electric hybrid, plug-in hybrid, pure-electric, and extended-range solutions.

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