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3 Reasons an Electric Vehicle is the Perfect Present

EV Match

So if you’re finding yourself persuaded to buy a car this holiday season, let it be electric. Here are three reasons why your next car should be an electric vehicle (EV). Car and Driver ‘s comparison did factor in the $7,500 federal tax credit, but it didn’t consider state, utility, and local credits and incentives.

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Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. Until then, you can watch a replay of the full webcast shared on Monday here , or you can see the full set of presentation slides here.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. advancing or delaying the time of electricity dispatch.

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Progress! IRA signed into law

Electric Auto Association

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. This will support millions more low- and middle-income families than the original credit.

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OECD paper presents and analyzes policies and programs to foster market growth of green cars

Green Car Congress

The paper, “Market Development for Green Cars”, presents and analyses policies, programs and approaches for the development, market introduction and diffusion of green cars (primarily from the demand (pull) side). Alternative fuels include biofuels, natural gas, hydrogen and electricity from the grid. Source: OECD.

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US DOE launches cost calculator to compare emissions and operating costs for alternative fuel and conventional vehicles

Green Car Congress

The Vehicle Cost Calculator, an easy-to-use tool that allows users to compare emissions and lifetime operating costs of specific vehicle models, including conventional cars and trucks, as well as vehicles running on alternative fuels such as electricity, ethanol, natural gas, or biodiesel.

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EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity

Green Car Congress

Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. The levelized cost of electricity (LCOE) represents an annualized cost of generating electricity over the lifetime of the unit, including initial capital, return on investment, and costs of operation, fuel and maintenance. Source: EPRI.

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