In a new study conducted by Energy Innovation, a policy and technology LLC, EVs were found to be cheaper off the lot in most states than gasoline-powered vehicles despite their typically higher sticker price. In Q1 of 2021, nearly 81% of new-car buyers chose to finance their purchases, while 34.5%...
We’ve already covered several reasons why consumers put off the conversion to electric vehicles. Major factors include dreaded range anxiety or the misinformed belief that electric vehicles are always more expensive than internal combustion engines. These concerns are alleviated easily enough when the available data is examined, often reorienting EVs...
When we think about the conversion from a fossil fuel-reliant fleet to one powered by electricity, a lot of us probably envision some version of already-existent gasoline fueling architecture: Sleek electric chargers replace pumps, the long charging hose reminiscent of those used to pump gasoline in the distant past.
With boons to the EV industry over the last several years, it’s easy to believe that the United States is on a path to be an electrified superstar. Tesla, an undebatable giant in the EV world, is based primarily in the United States and produces the majority of its cars...
Earlier this week, President Biden signed the Inflation Reduction Act into law, marking the “largest federal clean energy investment in U.S. history,” at an estimated $300 billion. According to the White House, greenhouse gas emissions will be reduced by a billion metric tons over time, 950 million solar panels and...
Despite recent economic woes and soaring inflation across nearly all goods and services, the trend of buyers converting to electric vehicles― battery or hybrid― hasn’t slowed down a bit in the first half of this year. In fact, all notable metrics point to the exact opposite: BEV and PHEV purchases...
2022 has been a defining year for the climate tech industry, with the Inflation Reduction Act marking the single largest investment in climate and energy policy in the United States’ history, with automakers simultaneously investing billions across the board to bring better fossil fuel alternative offerings to market. Bolstered by...