FridayApr 19, 2024 10:00 am

Report Shows EVs Are Saving Americans Billions on Utility Bills

A recent report by Synapse Energy Economics has revealed that U.S. battery electric vehicle (BEV) drivers are saving the country billions of dollars on utility bills. The research analyzed how much BEV drivers in the United States were paying for electricity in comparison with the costs associated with producing electricity such as transmission and distribution costs. Synapse found that in the decade from 2011 to 2021, U.S. EV drivers contributed a whopping $3.12 billion on top of the EV-charging associated costs. The result, Synapse says, was a drop in monthly electricity rates for all customers across the country. Even after…

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WednesdayApr 17, 2024 10:00 am

More People Implore Biden to Lock Out Chinese EVs from US Market

A senior government official has urged President Joe Biden to take steps and prevent cheap Chinese electric vehicles from proliferating the nascent American electric vehicle sector. Chinese EVs are significantly more affordable compared to similar offerings from Western carmakers, thanks to massive subsidies from Beijing. Billions of dollars in government funding have allowed carmakers in China to sell their battery electric cars at much lower price points than their Western counterparts, giving them what many have termed an unfair advantage. European Union leaders have already launched a probe into the multitudes of cheap Chinese electric vehicles that have been flooding…

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MondayApr 15, 2024 10:00 am

Appeals Court Backs EPA Decision on Allowing California to Set EV Standards

An American appeals court has backed the Environmental Protection Agency's (EPA) decision to allow the state of California to set its own electric vehicle emissions standards. A three-judge panel rejected a challenge issued by 17 GOP-led states and entities that produce or sell liquid fuels and ruled that California can establish its electric vehicle requirements and emission limits, per the EPA's decision. In 2019, former President Donald Trump revoked California's ability to set its tailpipe emission limits and zero-emission car-sales mandates through 2025. The EPA reversed President Trump's decision in March 2022, several months after President Joe Biden took office.…

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FridayApr 12, 2024 10:00 am

UK’s EV Transition Faces Phone Signal Challenge

A recent study by the RAC Foundation has revealed that patchy phone signals could potentially hinder battery electric vehicle (BEV) adoption in the United Kingdom. According to the study, poor phone signals in the country could make it difficult for electric vehicle drivers to use up to one-third of the most common public EV chargers in the UK. The RAC Foundation noted that this poor connectivity could potentially “undermine” the public's confidence in EV charging infrastructure. Unfortunately, the public is already wary of public EV chargers because they are too insufficient to support the nation's growing number of electric cars…

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WednesdayApr 10, 2024 10:00 am

EVs Are Transforming How Americans Go Camping

A recent survey by America's biggest campground operator has revealed that electric vehicles are quite popular in the camping community. The poll by Kampgrounds of America found that 4% of regular campers in the country own battery electric vehicles (BEVs) compared to only 1% of Americans. Although the Biden administration has made significant investments in boosting electric-vehicle adoption in the country, BEVs still make up a tiny portion of total vehicles. Their high prices coupled with insufficient public-charging infrastructure have kept most drivers from transitioning to electric cars, even drivers who are interested in EV technology. Even so, the Kampgrounds…

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MondayApr 08, 2024 10:00 am

Tesla Deliveries Decline in Q1, a First in Several Years

EV deliveries by electric vehicle production giant Tesla fell for the first time in almost four years during a disastrous first quarter that saw the Texas-based automaker fall short of performance estimates from Wall Street. With competition in the electric vehicle space heating up by the day despite slowing demand for EVs, Tesla's Q1 sales figures show that its price cuts are steadily losing their intended effect. Data revealed that the company delivered around 386,810 electric vehicles from the start of the year until March 31, 2024, a drop of 20.2% compared to the previous quarter. The automaker also produced…

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FridayApr 05, 2024 10:00 am

Chinese Tech Company Sees Shares Rise 16% After EV Launch

Shares of Chinese company Xiaomi soared by 16% after the Beijing-based tech company launched an electric sports car to significant market interest. Although there were predictions of Xiaomi losing close to $10,000 per car in 2024, its shares surged as investor interest in the tech firm exploded following its announcement and reached their highest level in more than two years. Xiaomi shares went up by another 9% amid investor anticipation for its debut electric car, adding a whopping $4 billion to Xiaomi's valuation and putting the tech company's valuation above established carmakers. The Chinese company's value ultimately peaked at $55…

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WednesdayApr 03, 2024 10:00 am

China Accuses US at WTO of ‘Discriminatory’ Electric Vehicle Subsidies

China is accusing the United States of providing “discriminatory” electric vehicle subsidies and has begun proceedings at the World Trade Organization. The electric vehicle subsidies in question are part of the 2022 Inflation Reduction Act (IRA) and are meant to boost the growth of a domestic electric-vehicle-battery supply chain while limiting America's reliance on China. U.S. lawmakers sought to achieve this goal by making battery electric cars with battery components manufactured in China, North Korea, Iran and Russia ineligible for federal tax credits worth $3,500 to $7,500. Only drivers buying electric vehicles with battery components manufactured in the United States or…

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MondayApr 01, 2024 10:00 am

Nissan Sets Sights on Slashing EV Production Cost by 30% by 2030

Japanese carmaker Nissan has set its sights on cutting the cost of producing battery electric vehicles by close to one-third by the end of the decade. The move is designed to help the company compete against Chinese manufacturers. The automaker sold a whopping 3.4 million cars worldwide in 2023 and is looking to boost its vehicle sales by an additional million units over the next three years. Nissan’s plan to reduce electric vehicle production costs will involve launching 30 new models through 2026, with 16 of those being electric cars. If Nissan’s plan is successful, electric cars will account for…

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