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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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Lux Research: fuel cell vehicles lag other drivetrains in terms of cost of ownership; ICE and HEV lowest cost

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Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.

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J.D. Power: Majority of EV owners are intent on purchasing another one in the future

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Among the early adopters who own an EV, 82% say they “definitely will” consider purchasing another in the future, according to the inaugural J.D. However, satisfaction with the current ownership experience is a key influencer for whether owners will purchase the same brand of EV again.

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Panasonic and Tesla sign Gigafactory agreement

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Panasonic Corporation and Tesla Motors, Inc. During Tesla’s Q4 earnings call in February, Tesla CEO Elon Musk had noted that because Panasonic is Tesla’s primary partner on battery production, the “default assumption” was that Panasonic would continue to partner with Tesla in the Gigafactory. Earlier post.)

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Tesla removed from Charlotte’s approved EV list due to ‘safety issues’

Teslarati

Tesla has been removed from the Charlotte, North Carolina, City Council’s list of pre-approved electric vehicles that the city can purchase. It’s not because of Elon Musk, Democratic council member LaWana Mayfield said, who urged her colleagues to remove Tesla. We already have Teslas in the fleet.”

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Autonomy partners with Equifax on EV subscription service

Green Car Congress

Through Autonomy’s subscription model, customers pay a monthly fee and start fee that covers the cost of the vehicle subscription plus routine maintenance costs, roadside assistance and soon auto insurance. Autonomy launched with its Tesla Model 3 Vehicle Subscription Program in California in January 2022.

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UPS collaborating with Workhorse to deploy 50 electric trucks; rivaling acquisition cost of conventional; no subsidies

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Since most of the maintenance costs of a vehicle are associated with the engine and related components, UPS expects the operating cost of the new plug-in electric vehicle to be less than a similarly equipped diesel or gasoline vehicle.

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