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Unraveling Electric Car Insurance Costs in 2023

Clean Fleet Report

However, owning an EV is about more than just zero emissions and torque—it’s about understanding the total cost of ownership. One crucial aspect often overlooked is the insurance cost associated with EVs. The state that requires the deepest pockets for EV insurance is Florida, demanding an average of $313 per month.

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Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more

Baua Electric

The number of electric vehicle models that can be leased for less than an average monthly lease cost of $400/month has grown by 50% since last August. These terms step over our $400 line in the sand, but negotiating a $1500 to $2000 discount should drop the effective lease cost of an all-wheel-drive Ioniq 5 SEL (255 miles of range, 0-60 in 4.4

Hyundai 52
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USDOT announces $84.9M through Lo-No program to expand advanced bus technologies

Green Car Congress

Central Florida Regional Transportation Authority (LYNX). Lextran will receive funds toward the design and construction of a covered storage area and the incremental cost of additional zero emission vehicles. Tri-County Metropolitan Transportation District of Oregon. Metropolitan Atlanta Rapid Transit Authority.

Purchase 170
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USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

Green Car Congress

The funding is for the incremental cost of a battery electric bus over a CNG bus and leverages federal, state, local utilities and local match to purchase the battery electric buses for service expansion. The buses will be operated on BCT's express bus routes servicing the Southeast Florida cities of Fort Lauderdale and Miami.

Purchase 191
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DOE to award $118M to 17 projects to accelerate domestic biofuel production

Green Car Congress

Direct air capture of carbon dioxide is a key technology that not only reduces the cost of algae biofuel production, but greatly increases the volume of algae biofuel that can be produced by enabling algae farms to be located anywhere. Research Triangle Institute, “A Corn Stover Pyrolysis Pathway for Sustainable Aviation Fuel”, $2,000,000.

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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Hybrid Electric Buses Incremental Costs: For the incremental cost of making transit buses hybrid electric.

Emissions 256
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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Florida Power and Light Company. A multi-partner team, led by PNNL as part of the Battery500 research consortium, will receive an award of up to $10 million per year for five years to drive progress on DOE’s goal of reducing the cost of vehicle battery technologies. Duke Energy Florida. University of Oregon. Con Edison.

Obama 150