Sales of new electric vehicles – referred to as new energy vehicles (NEVs) – in China surged in February this year. The retail sales of China’s new energy passenger cars expanded 439,000 units in February, a 61 percent increase over February 2022 according to the China Passenger Car Association (CPCA).
While the earliest purchases of electric vehicles were mostly in affluent areas, over the past two years there has been explosive growth in ownership in moderate-income counties around the city — including Orange County, N.Y., where Mr. Sibley, a sound engineer, found his Bolt for $21,000.
Various factors are propelling drivers in New York, New Jersey and Connecticut to convert to electric: more varied models, including trucks and S.U.V.s; more public charging stations; and significant government incentives. And for the first time, the prices of some electric cars are competitive with those of gas-powered vehicles — without the expense of gas.
Yet there is also hesitation. Some drivers have concerns over the vehicles’ range. It can be hard to lay hands on an electric vehicle because carmakers cannot keep up with demand. And while electric vehicles have become cheaper, they still cost about $60,000 on average.
The White House issued long-awaited final rules on its national electric vehicle charger network that require the chargers to be built in the USA, and with 55 percent of their cost coming from U.S.-made components by 2024.
The Biden administration has worked diligently on the new rules. After nearly eight months of debate, the White House this will jump-start the biggest transformation of the U.S. driving landscape in generations.
Companies that hope to tap $7.5 billion in federal funding for the EV charging network must also adopt the dominant U.S. standard for charging connectors, known as “Combined Charging System” or CCS; use standardized payment options; a single method of identification that works across all chargers; and work 97 percent of the time.
Tesla plans to incorporate the CCS standard and make other changes to its proprietary network that limits which EVs can use the Superchargers.
Tesla has made these changes in other parts of the world – Europe, China, for example – since at least 2021, and there is no logical reason this cannot be incorporated anywhere else.
The White House is partnering with Tesla to expand electric vehicle charging infrastructure in the US, with the company opening at least 7,500 of its chargers to all electric vehicles (EVs) by the end of 2024, the White House announced on Wednesday.
Tesla’s agreement to open part of its proprietary car-charging network to drivers of other brands should make it far easier for electric vehicle (EV) owners to charge away from home, potentially accelerating adoption.
The battery-powered version of GM’s Equinox crossover, for example, will start around $30,000 when it arrives this fall, the carmaker has said. That is $3,400 more than the least expensive gasoline-fueled Equinox. But factoring in government incentives, the electric Equinox should be cheaper. Like all electric vehicles, the car will need less maintenance, and the electricity to power it will cost less than the gasoline used by its combustion engine equivalent.
The article also makes the point that the EV will require less maintenance, and “the electricity to power it will cost less than the gasoline used by its combustion engine equivalent.”
Magna announced it is investing more than $470 million to expand its operations across Ontario. The growth includes a new battery enclosures facility in Brampton. The company is also expanding it’s operations in Guelph, Belleville, Newmarket, Windsor, and Penetanguishene.
These expansions follow new business awards from various automakers in key product areas.
Hyundai Engineering Company announced plans to expand its electric vehicle (EV) charging network in South Korea by installing equipment at public institutions, local government offices and private buildings, including apartment complexes, nationwide.
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