The answer to whether electric vehicles are worth it is complicated. Let's look at the pros and cons of EV ownership and see if we can decide from there.
Electric vehicles receive plenty of attention these days, and for good reason. With greater public concern about the environment, EVs are expected to make up more than 50% of global car sales by 2030.1 Although purchasing a new EV may set you back more than a comparable gas-powered car,...
The amount of time required to charge an EV can vary greatly based on factors like battery size, charger type and charging station speed. Warren ClarkeJan. 30, 2024 How Long Does It Take to Charge an Electric Car? BEVs are the most efficient and eco-friendly electrified vehicles you can ...
EV residual value impacts the larger automotive industry in reporting product and business financial performance. Why electric vehicles are changing how we evaluate residual values Electric vehicles (EVs) don’t function like their fossil fuel cousins, and because of it, the way we measure...
Some electric car owners are now experiencing higher costs to power their vehicles than to fill up their gas-powered equivalents—if you calculate the costs a certain way.
If they aren’t capable of doing that, then it’s not legal to register/tag them as passenger vehicles and that renders them effectively useless, even as low-speed, short-range and low-cost cars – because even if the city car never leaves the city, the government of the city still re...
Improvements to the EV manufacturing process could make electric vehicles even greener. Recycling batteries could help reduce the lifecycle emissions of new EVs, while on-shoring or near-shoring the full battery manufacturing process – which laws like the US’s Inflation Reduction Act have encouraged...
As sales of used electric vehicles begin to surge, companies are offering service contracts that promise to cover the cost of expensive EV repairs. About 25 percent of US car buyers sign up for a vehicle service contract, according to a study by the National Automobile Dealers Association. But...
vehicles."I think wireless charging could be the real key to rapid EV adoption and I have seen it for myself," said Atkins, who is also an advisor to Momentum Dynamics, a corporation that develops wireless charging solutions for electric vehicles."It just means it's a bit like with ...
Tesla has no shortage of competitors in the automotive industry, with EV models now being incredibly common. Numerous well-known car brands have released one or more of their own EVs, including BMW, Nissan, Ford, Audi, and Chevrolet. Some of these vehicles offer a better build quality, more...