TuesdayMay 31, 2022 3:18 pm

Electric Vehicles Cost Less Than ICE Vehicles on a Monthly Basis, Study Says

In terms of monthly payments, insurance, maintenance and fuel, the total cost of owning an electric vehicle on a monthly basis is significantly lower than the corresponding cost of an internal combustion engine (ICE) vehicle, according to a recent study. It isn’t surprising that many motorists get sticker shock when they see the price tag of most electric vehicles. This is understandable given that generally speaking, the most affordable electric vehicle costs approximately twice as much as the most affordable gasoline or diesel-fueled vehicle. However, the recent study suggests that motorists should look at a different metric when comparing ICE…

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TuesdayMay 31, 2022 10:30 am

Mullen Automotive Inc. (NASDAQ: MULN) Working to Alleviate Consumer Anxiety by Offering EVs with 600-Plus Mile Range

J.D. Power survey reports range was factor most cited in deciding what EV to buy Mullen is making significant strides toward producing vehicles that feature some of the longest ranges available in the EV space Recognizing the critical role of battery and range in the success of an EV, Mullen is exploring other advanced battery technologies One of the challenges preventing enthusiastic acceptance of electric vehicles is range anxiety, fear that an electric car will run out of battery or fuel before the driver can reach their destination or a charging station. The concern is valid — a January 2022…

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FridayMay 27, 2022 1:16 pm

US EV Charging Infrastructure Market Expected to Grow to $49B by 2030

According to a recently released report by Research & Markets, the market for electric vehicles’ charging networks within the United States is anticipated to grow at a CAGR of 36.9% from 2022 through 2030 to reach a market value of $49 billion. The report points out a number of general factors driving this growth in the period subject to the forecast. These factors include the growing concern about protecting the environment by reducing emissions from vehicles, as well as advances being made in charging technology and the ability to get real-time information about the nearby charging stations. Among the bottlenecks…

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ThursdayMay 26, 2022 1:12 pm

Hyundai’s Planned Georgia Plant to Make 300,000 EVs Annually

While Hyundai revealed in January that it wasn’t turning its back on fossil-fueled vehicles, the company has demonstrated its commitment to building electric vehicles, with its first facility in the United States set to open in 2025 with an annual production capacity of 300,000 vehicles. Last week, the automaker announced that it was planning to invest $5.54 billion to establish a battery and electric vehicle manufacturing facility in Georgia state. This facility’s construction is slated to begin next year, and production will commence in 2025. This plant will be the company’s first EV-only factory within the United States. During a…

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WednesdayMay 25, 2022 2:49 pm

Chinese EV Maker NIO Concerned by Supply Chain Problems, Not EV Demand

While speaking during an interview before NIO’s secondary listing in Singapore, NIO CEO William Li said he was currently more concerned about supply chain stability rather than looking at demand for electric vehicles. The recent upward revision of EV prices by the company shows how much those supply chain issues are affecting company operations. In addition, the company had to temporarily halt its operations in April when COVID-19 containment measures in China made it impossible for the company to source the needed raw materials from some suppliers. These two examples illustrate how serious supply chain problems are, not only for…

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TuesdayMay 24, 2022 12:14 pm

Ford Signs Petition Urging EU to Go Fully Electric by 2035

The European division of Ford, together with 27 other companies, has signed a petition calling on the European Union to pass regulations mandating that only fully electric vehicles will be sold within the bloc by 2035; that goal was identified in order to be on course to hit the net-zero targets whose deadline is 2050. The group also wants compulsory targets for charging networks to be passed for the region. The petition emphasizes that it is important for vehicles running on fossil fuels to be removed from the roads if the net-zero targets are to be achieved and Europe is…

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MondayMay 23, 2022 11:52 am

Uber Launches EV Service Featuring Polestars, Teslas

Uber is unveiling an EV service that will enable clients to specifically request an electric vehicle when they need a ride. This service, dubbed Uber Comfort Electric, will debut in San Francisco, Los Angeles, and San Diego as well as Dubai, and features fully electric cars made by Polestar and Tesla. The launch comes approximately one year from the time the ride-hailing company announced that it was partnering with Hertz to avail a maximum of 50,000 electric vehicles made by Tesla to Uber drivers who wished to rent those vehicles by 2023. Polestar, part of Volvo, also penned an agreement…

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FridayMay 20, 2022 11:43 am

Emergency Prep Tips for Electric Vehicle Owners

If you have just bought an electric car or are planning to buy one, you may be wondering about what possible emergencies could occur so that you can leave home prepared to deal with those situations should they ever arise. We discuss a trio of necessary precautions EV owners need to take so that they can get out of tricky situations quickly. Keep tabs on the 12V battery You may not know it (yet), but electric vehicles also have a lead-acid 12 volt battery. What? Yes, that battery is used to provide power for a number of minor functions, such…

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ThursdayMay 19, 2022 1:59 pm

Police Scotland Invests Nearly $25M to Electrify Fleet

According to figures released a few days ago, Police Scotland has so far purchased 599 customized electric vehicles over a period of three years in a bid to become the greenest police fleet within the United Kingdom. These vehicles cost the department £15.2m (almost $19 million), and an additional £3.1m ($3.8 million) went to the installation of 130 charging stations located within 26 police stations spread across the country. The number of charging locations is scheduled to increase from the current 130 to more than 400 as more EVs are bought by the force and deployed for use by officers…

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WednesdayMay 18, 2022 1:32 pm

EV Makers Warn That Supply Chain Problems Could Derail EV Rollout

The largest manufacturers of electric vehicles are warning that the ongoing supply chain issues together with the escalating raw material prices could jeopardize the ramping up and adoption of EVs despite the current huge demand for these vehicles in the world’s major markets. This warning was made last week during the 8th Future of the Car conference organized by the Financial Times. Elon Musk, the CEO of Tesla Inc. (NASDAQ: TSLA), was first to sound the alarm. In his conference address, he stated that the previously announced target that Tesla would deliver 20 million EVs annually by the end of…

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