Americans Want Hybrids, but Automakers Don’t Want To Make Them

Americans Want Hybrids, but Automakers Don’t Want To Make Them

The rise of hybrid cars has carved a niche in the automotive landscape, presenting a greener and more fuel-efficient alternative to traditional gas-powered vehicles. However, the enthusiasm for hybrids among consumers and the push for a more sustainable future contrasts sharply with the hesitancy of some car manufacturers to invest heavily in this technology. While…

Electric Vehicle Demand Continues to Surge Despite Negative Reports

Electric Vehicle Demand Continues to Surge Despite Negative Reports

In the bustling hub of COP28 in Dubai, BloombergNEF’s annual zero-emission vehicle fact book illuminates the accelerating journey toward a greener road transport landscape. Here are the compelling narratives shaping the current state of the global EV market: No Signs of EV Slowdown Contrary to recent speculations, the world of electric vehicles is not witnessing…

Are Electric Cars Losing Their Charge in the Eyes of Consumers?

Are Electric Cars Losing Their Charge in the Eyes of Consumers?

Is the allure of electric vehicles (EVs) fading? Recent data suggests a growing hesitancy among American consumers toward embracing these eco-friendly rides. Amidst a slew of concerns, ranging from price tags to safety, the road to widespread EV adoption seems fraught with obstacles. Reports from over 4,000 U.S. auto dealers signal a plateau in EV…

Big Changes: Top Electric Car Models to Lose EV Tax Credits in 2024

Big Changes: Top Electric Car Models to Lose EV Tax Credits in 2024

Starting January 1, 2024, electric vehicles (EVs) utilizing battery materials manufactured in China will no longer qualify for the $7,500 federal clean car tax credit. This major policy shift, detailed in recent Internal Revenue Service (IRS) guidelines, impacts a wide range of EVs, including popular models like the Ford Mustang Mach-E. For potential EV buyers,…

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…