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The dramatic price reductions made by Tesla last month contributed to a $3,300 decrease in the average cost of a newly purchased electric car throughout the United States. Based on a report from Kelley Blue Book (KBB), a company for vehicle valuation, the average cost of an electric car in December was $62,088 but dropped … Continue reading “Average EV Price Dropped by $3,000 in January”

If you’ve decided to buy an electric vehicle this year, you may not be able to negotiate a low price because of the high demand. The reality is that many buyers of electric vehicles won’t be able to negotiate pricing. For instance, certain car producers, such as Tesla, never bargain over pricing. In other situations, … Continue reading “6 Helpful Negotiation Tips When Buying an EV”

Automakers in China are able to make an EV for 10,000 fewer euros, or $10,618, which is below what their competitors in Europe can charge. The difference is due to their low R&D and capital expenditure costs, as well as low labor costs when compared to their European rivals. According to Patrick Koller, CEO of … Continue reading “Auto Parts Maker Says Chinese EVs Cost $10,000 Less to Make Than EU Equivalents”

The demand for electric vehicles has been on the rise this year. According to Edmunds data, EV sales increased by almost 82% year on year, and currently account for 5% of the whole market. However, plenty of potential customers are skeptical of this novel technology. In light of this, the following are answers addressing the … Continue reading “Top Five EV Buyer Questions, Answered”

General Motors’ plans to install up to 40,000 EV charging stations throughout all rural areas across America have begun. This is timely, as General Motors intends to completely electrify its fleet by 2035. Currently, 43,000 such charging stations are in place, so General Motors’ plan would almost double the already available number of charging stations. … Continue reading “GM to Install Thousands of EV Chargers in Out-of-Town Locations”

There should be a far less expensive battery to support an electric vehicle that is cost effective. In this regard, a number of auto manufacturers are planning to adopt Lithium-iron-phosphate batteries, also referred to as LFP, a battery that China uses largely and whose battery cells are less expensive than those made of nickel and … Continue reading “Electric Vehicle Makers Eye More Affordable Battery Chemistries to Cut Costs”

PIF, the sovereign wealth fund in Saudi Arabia, has announced that it will start manufacturing electric vehicles (EVs) within the kingdom through a partnership with Foxconn, a company that makes iPhones for Apple Inc. This foray into the EV space is geared at diversifying the kingdom’s economy away from overdependence on oil. In a statement, … Continue reading “Saudi Arabia Partners with Foxconn to Build Electric Cars”

Gas stations have been a staple of our roads for more than a century, but the emergence of electric vehicles is suddenly challenging the very survival of these familiar features of American roads and highways. As more people buy EVs, different businesses, such as gas stations, convenience stores and even standalone charging stations, have developed … Continue reading “Will EVs Trigger Death of Gas Stations?”

One of the most significant concerns that motorists have about switching to electric vehicles is that charging the vehicles takes an inordinately long time — if one can even find a working charger. These impediments to EV adoption have the academia, the authorities in different jurisdictions, and automakers concerned. Now NASA has revealed that the … Continue reading “NASA Says New Space Technology Can Charge EVs in Five Minutes”

America’s electricity grid is quite vulnerable. Recent extreme weather events in states such as Texas and California have caused power disruptions and outages, underlying just how vulnerable the country’s grid has become. With the United States moving toward a more sustainable future, the grid is expected to take on even more pressure as thousands upon … Continue reading “EVs Could Bolster Strained Power Grid in the US”