Biden’s $7.5B Promise: Two Years and Zero EV Chargers Installed Yet

Biden’s $7.5B Promise: Two Years and Zero EV Chargers Installed Yet

The promise of a robust electric vehicle (EV) infrastructure was hailed as a transformative step for the nation’s progress, with President Biden’s administration allocating $7.5 billion for EV charger deployment under the Infrastructure Investment and Jobs Act. However, more than two years later, not a single charger stands as a testament to this substantial investment,…

GM’s Realization: No Electric Car Profits Until 2025?

GM’s Realization: No Electric Car Profits Until 2025?

General Motors (GM) has set its sights on profitability in the electric vehicle (EV) market by 2025, aiming for mid single-digit pretax profit margins. While acknowledging the current loss on each EV sold, the company’s Chief Financial Officer, Paul Jacobson, expressed optimism during a Barclays conference in New York. The envisioned profit margins reflect a…

What Does Hybrid Mean in a Car? Simplifying Hybrid Technology

What Does Hybrid Mean in a Car? Simplifying Hybrid Technology

If you’re in the market for a new car, you’ve likely heard the term “hybrid” thrown around. But what does hybrid mean in a car? Simply put, a hybrid car is a vehicle that uses both a gasoline engine and an electric motor to power itself. This combination allows for increased fuel efficiency and reduced…

Electric Car Battery Replacement Cost: The Hard Truth You Need to Know

Electric Car Battery Replacement Cost: The Hard Truth You Need to Know

If you’re considering buying an electric car, one of the most important factors to keep in mind is the cost of battery replacement. While electric vehicles (EVs) are more environmentally friendly and cost-efficient in the long run, the initial investment can be steep. And if you need to replace the battery, it can be a…