“New Generation Electric Vehicles Will Get A Total $15,000 Off on Their Price.”

August 23, 2023August 3, 2023 by vikas.sinha21

If price was the only thing stopping you from buying an electric vehicles this summer, it is time to look again. With smart planning, you can even get the government to pay for part of it with EV tax credits.

Federal EV tax credits are just one factor driving a buying boom this summer. Some cars and trucks also qualify for a state rebate or tax credit. Together, those incentives could cut as much as $15,000 off the price of a new EV. And falling prices and a surge in new models of electric vehicles combine to make this big-ticket purchase less of a splurge.

Adding to the good news, General Motors (GM) just announced in its second-quarter earnings report that it has decided to reverse an earlier decision to end production of the very popular Bolt EV and EUV. GM CEO Mary Barra said GM would reintroduce a new Bolt EV soon, powered by Ultium battery technology. The Bolt has always been one of the most affordable EVs. The Bolt’s MSRP was cut this year to as low as $27,495.

This confluence of financial carrots is why analysts expect record demand for EVs this summer. That will help EVs crack the key level of 10% of all new auto and truck sales in the U.S. later this year.

But do you know how to maximize your electric cars or Electric Vehicles tax credits?

Summer Boom in Electric cars Sales

Electric car sales in the U.S. are already strong. The U.S. ranks third globally in EV sales, after the China EV market and Europe. The U.S. market climbed 55% in 2022, reaching a sales share of 8%, according to the latest Global EV Outlook from the International Energy Agency.

This summer’s popularity of EVs is forceful enough to shift the entire economy. Changes ahead for the global auto industry have major implications for the energy sector, the IEA says. And the electrification trend could reduce the need for 5 million barrels of oil a day by 2030.

IEA Executive Director Fatih Birol said, “Electric vehicles are one of the driving forces in the new global energy economy that is rapidly emerging, and they are bringing about a historic transformation of the car manufacturing industry worldwide.”

EV prices are falling so fast, they’re no longer just a luxury. Kelley Blue Book said last month that the average U.S. price of an electric vehicle in May was $55,488, down from almost $65,000 a year ago. Sales are increasing as prices decline, with May up 4% over April. “April’s downward movement of EV average transaction prices reflects EV automakers, particularly Ford (F) and Tesla (TSLA), seeking a balance between pricing and profitability,” said Michelle Krebs, executive analyst at Cox Automotive.

Electric Vehicles Prices, Tax Credits Power the Switch:

However, lower sticker prices only tell part of the story. U.S. car buyers enjoy other solid incentives to switch to an electric vehicle. They include a federal income tax credit of up to $7,500 for some new EVs. In addition, do not forget added rebates and other benefits from state and local utilities.

While this nest of incentives sounds complicated — and it is — it is also worth thousands of dollars in savings. It is worthwhile to check out eligibility and available perks when shopping for an EV.

Promoting clean energy use was just one facet of 2022’s Inflation Reduction Act. The IRA extended federal EV tax credits for another decade and included eligibility for used EVs. However, it also added complex restrictions such as a price cap, income limitations and final assembly rules.

If you took delivery of a new clean vehicle on or after April 18, 2023, it must meet critical mineral and battery component requirements to qualify for the credit.

If drivers have been reluctant to buy an EV because of high prices, another break is coming. Starting in 2024, taxpayers can transfer the EV tax credit to the dealer at the time of purchase. That will lower the price of the vehicle by the qualifying credit amount.

Who Qualifies For the EV Tax Credit:

You may qualify for an EV tax credit of up to $7,500, according to the IRS, if you buy a new, qualified plug-in EV or fuel cell electric vehicle. The credit is available to individuals and their businesses. To qualify, you must buy it for your own use, not for resale, and use it primarily in the U.S. In addition, your modified adjusted gross income (AGI) may not exceed $300,000 for married couples filing jointly or $225,000 for heads of households. The AGI limit is $150,000 for all other filers.

You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. As long as your modified AGI is below the threshold in one of the two years, you can claim the credit. The credit is nonrefundable, so you cannot get back more on the credit than you owe in taxes. Moreover, you cannot apply any excess credit to future tax years.

Vehicles placed in service April 18, 2023, and after must meet all of the criteria listed above. And they must meet new requirements for critical mineral and battery components for the buyer to get an EV tax credit of up to:

$3,750 if the vehicle meets the critical minerals requirement only.
$3,750 if the vehicle meets the battery components requirement only.
$7,500 if the vehicle meets both.

Which New Electric Vehicles Qualify For EV Tax Credits:

#However, that is not all. To qualify, a new vehicle must:

Have a battery capacity of at least 7 kilowatt-hours.
Have a gross vehicle weight rating of less than 14,000 pounds.
Be made by a qualified manufacturer.
Undergo final assembly in North America.
Meet critical mineral and battery component requirements (as of April 18, 2023).

#The sale qualifies for the tax credit only if:

The seller reports required information to you at the time of sale.
The seller reports your name and taxpayer identification number to the IRS.

In addition, the vehicle’s manufacturer suggested retail price (MSRP) cannot exceed:

$80,000 for vans, sport utility vehicles and pickup trucks.
$55,000 for other vehicles.

MSRP is the retail price of the automobile suggested by the manufacturer, including manufacturer-installed options, accessories and trim but excluding destination fees. It is not necessarily the price you pay.

You can find your vehicle’s weight, battery capacity, final assembly location (listed as “final assembly point”) and VIN on the vehicle’s window sticker.

#Used EVs Can also Qualify,

While these rules apply to EV credits for new electric vehicles, Congress threw in another carrot. If you buy a qualified used EV or fuel cell vehicle from a licensed dealer for $25,000 or less, you may be eligible for a used EV tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. The credit is nonrefundable, so you cannot get back more on the credit than you owe in taxes. You cannot apply any excess credit to future tax years.

The EV Lease Loophole:

Last year’s IRA placed some new and significant limits on which vehicles qualify for the EV tax credits. The EV has to be built in the U.S., Canada, or Mexico; the battery cells must use minerals from a specific list of countries; and the cells and packs have to be made in the U.S. However, buyers can get federal tax credits for models not on the list allowed by the Inflation Reduction Act if they lease them.

In the IRA, Congress exempted commercial vehicles from the restrictions. While “commercial” is a term usually applied to vehicles like heavy-duty trucks, the Treasury Department defines leased EVs as “commercial” vehicles. Any leased vehicle may qualify for the tax credit because the North American battery-content and manufacturing rules do not apply to commercial vehicles.

When a dealer buys a vehicle and then leases it to a driver, the Treasury says that is a commercial transaction because the driver does not take title. This means the dealer or the finance company holding the lease receives the tax credit. Industry representatives and carmakers say the EV tax credit will help lower the price of leases and increase incentive programs. According to Edmunds, leases reached 34% of total EV sales in March, up from just 18% in March 2022.

“A number of lenders … have offered lease incentive programs. Everyone I have seen has offered it at the full amount,” Andy Koblenz, executive vice president for legal and regulatory affairs at the National Automobile Dealers Association, said at a Federal Reserve Bank of Chicago webinar on EV tax credits. “We’re starting to see it in the marketplace already.” Incentive programs may increase as leasing “will be an attractive way to help get the EVs into the market.”

State EV Tax Credits and Electric Vehicle Rebates:

Some states offer credits or rebates on EV purchases or leases, while utility companies may offer breaks on home charger installations.

Colorado, for example, offers EV tax credits ranging from $2,000 to $8,000 on EV purchases. California’s Clean Vehicle Rebate Project provides rebates from $1,000 to $7,500 for the purchase or lease of new, eligible zero-emission vehicles.

Oregon’s Clean Vehicle Rebate Program is not a tax credit but rather a cash rebate of up to $7,500 on any qualifying purchase or lease. Oregon’s generous rebate program is so popular — it’s handed out $70 million in the past five years — that it is almost out of money and was paused this year. Lawmakers and nonprofits in the state are working to replenish the program’s funding. The Department of Energy’s Alternative Fuels Data Center provides updated state-by-state information on rebates and incentives.

Get Your Federal EV Tax Credit:

If your head is spinning from all the rules but you want to maximize your EV tax credit, Investor’s Business Daily did the work for you. The table below includes all 24 vehicles that qualify for the full $7,500 credit when placed into service on or after April 18, 2023.

It also shows an additional 10 vehicles that qualify for a credit of $3,750. See all the details for various levels of EV tax credits at fueleconomy.gov.

Cars and Trucks That Qualify For The EV Tax Credit:

Make	Model	Year	Vehicle Type	Credit Amount	MSRP Limit	Assembled in N. America
BMW
	X5 xDrive50e	2024	PHEV	$3,750	$80,000	Yes
Cadillac
	LYRIQ	2023-2024	EV	$7,500	$80,000	Yes
Chevrolet
	Blazer	2024	EV	$7,500	$80,000	Yes
	Bolt	2022-2023	EV	$7,500	$55,000	Yes
	Bolt EUV	2022-2023	EV	$7,500	$55,000	Yes
	Equinox	2024	EV	$7,500	$80,000	Yes
	Silverado	2024	EV	$7,500	$80,000	Yes
Chrysler
	Pacifica PHEV	2022-2023	PHEV	$7,500	$80,000	Yes
Ford
	E-Transit	2022-2023	EV	$3,750	$80,000	Yes
	Escape Plug-in Hybrid	2022-2023	PHEV	$3,750	$80,000	Yes
	F-150 Lightning (Extended Range Battery)	2022-2023	EV	$7,500	$80,000	Yes
	F-150 Lightning (Standard Range Battery)	2022-2023	EV	$7,500	$80,000	Yes
	Mustang Mach-E (Extended Range Battery)	2022-2023	EV	$3,750	$80,000	Yes
	Mustang Mach-E (Standard Range Battery)	2022-2023	EV	$3,750	$80,000	Yes
Jeep
	Grand Cherokee PHEV 4xe	2022-2023	PHEV	$3,750	$80,000	Yes
	Wrangler PHEV 4xe	2022-2023	PHEV	$3,750	$80,000	Yes
Lincoln
	Aviator Grand Touring	2022-2023	PHEV	$7,500	$80,000	Yes
	Corsair Grand Touring	2022-2023	PHEV	$3,750	$80,000	Yes
Rivian
	R1S	2023	EV	$3,750	$80,000	Yes
	R1T	2023	EV	$3,750	$80,000	Yes
Tesla
	Model 3 Long Range All-Wheel Drive	2023	EV	$7,500	$55,000	Yes
	Model 3 Performance	2022-2023	EV	$7,500	$55,000	Yes
	Model 3 Standard Range Rear-Wheel Drive	2022-2023	EV	$7,500	$55,000	Yes
	Model Y All-Wheel Drive	2022-2023	EV	$7,500	$80,000	Yes
	Model Y Long Range All-Wheel Drive	2022-2023	EV	$7,500	$80,000	Yes
	Model Y Performance	2022-2023	EV	$7,500	$80,000	Yes
Volkswagen
	ID.4 AWD PRO	2023	EV	$7,500	$80,000	Yes
	ID.4 AWD PRO S	2023	EV	$7,500	$80,000	Yes
	ID.4 AWD PRO S PLUS	2023	EV	$7,500	$80,000	Yes
	ID.4 PRO	2023	EV	$7,500	$80,000	Yes
	ID.4 PRO S	2023	EV	$7,500	$80,000	Yes
	ID.4 PRO S PLUS	2023	EV	$7,500	$80,000	Yes
	ID.4 S	2023	EV	$7,500	$80,000	Yes
	ID.4 STANDARD	2023	EV	$7,500	$80,000	Yes

Within the next 10 years, Electric Cars Could go 745 Miles on one charge of their battery packs.

July 26, 2023July 8, 2023 by vikas.sinha21

Introduction:

At present Lucid Air is offering the longest range of battery electric cars in the market. As per EPA (Environmental Protection Agency) estimates the present range is 516 miles in one go.

The new Toyota cars will come with solid-state battery technology and this will allow them to go 745 miles between charging stops. And also this will be charged to its full capacity within only 10 minutes.

Many automakers are working on future electric vehicle battery technologies for cell composition, range, and recharging capabilities.

Presently battery electric vehicles(BEVs) are using either lithium-ion or nickel-metal hydride composition. These batteries are basically heavy and very large in size and because of huge in size and weight, they acquire most of the space between the wheel on the chassis of the car.

Solid-State Battery for electric cars:

Solid-state batteries are the next leading-edge revolution in the field of electric vehicles. They offer incredible commitment, however, they’re not yet good to go.

A typical 3D pictorial View of a Solid-State Battery Cell

An automotive reporter John Voelcker told Newsweek that “For some time now the solid-state battery cell technology is really a Holy Grail, many different engineers, and researchers are working to make it sufficiently practical, scalable, and affordable to be used in production vehicles.”

Traditional batteries like lithium-ion and nickel-metal hybrid contain liquid or polymer gel electrolytes. All the different companies generally use different parameters and chemistry to get the optimum results for their brands.

Solid-state batteries are designed to be more energy dense having solid electrolytes and solid electrodes. These are smaller in size and carry less weight, so these factors will give more range for Battery electric vehicles.

R&D for Solid-State Cell Battery:

The Solid–state technology is not very new but its mass-scale application for automobiles is obviously new. In the year 1990s, the researchers & scientists of Oak Ridge National Laboratory created a new class of solid-state electrolytes, which comes to the notice of auto industries.

All the leading vehicle companies like Mercedes-Benz, BMW, Toyota Motor, Ford Motor, Volkswagen Group, Nissan Motor Company, and others have either currently started or are willing to start putting resources into the research & development of solid-state battery technology. And many others have associated with energy innovation companies to work toward their development goals.

A number of issues have to solve by the automakers and the battery makers before they come to the market like the installation of charging infrastructure to support high voltage fast charging ability.

“In some ways, the capability to charge more rapidly and the robust infrastructure to support that ability is more critical than attaining 700-plus miles range. The charge time and range claims complement each other. And the infrastructure and the charge time are the main elements that consumers talk about and question today. If the questions of ‘Can I safely and securely charge when I need to and how long will it take?’ can be answered in a way consumers trust, the range question becomes a bit less critical.”

A self-imposed deadline by many automakers is of the year 2030 or 2035 to become an all-electric manufacturer. Others are promoting their capacity to be climate neutral by 2050 or before, which is a term used to describe a sustainability focus throughout the development, manufacturing, and useable lifecycle of a vehicle, and beyond.

These initiatives include the use of solid-state batteries. Though, this does not indicate that the upcoming batteries will completely swap the cars of today. The architecture of contemporary EVs and the infrastructure for charging them are similar.

According to Chad Kirchner, vice president of content at EV Pulse, “new charging hardwires will probably be needed to take full advantage of the increased charging speeds of solid state, but future vehicles should be backward compatible with current hardware, especially with the adoption of North American Charging Standard (formerly known as the Tesla charging connector) by most automakers.”

“There might be a time in the upcoming years when the upgrading is compulsory, but it won’t be instant & overnight. This is particularly true when new vehicle possession is a decade or furthermore at a time.”

Tesla Model Y at a Supercharger. TESLA

According to a report by S&P Global, now, most car owners keep their vehicle for a little more than 12 years, and a decade ago, the average ownership was approx. 9.7 years.

Mr. Voelcker, an automotive reporter, said, “While it’s practical to expect solid-state cells to perform in limited use by the close of this decade, it’s worth noting their checkered trajectory to date within one of the biggest, most respected, and most profitable car companies on the planet,”

To date, no actual solid-state cells have appeared so far, and expected to see them maybe around 2030.

“A more extensive change from a gas-powered motor overwhelmed market to an EV-ruled market not entirely settled by any a single turn of events or innovative leap forward. Longer reach and quicker charging times are significant, yet the foundation and buyer costs are additionally basic. The significance of Toyota’s declaration is that it is one more step along the way — and each step counts,” Brinley said.

Conclusion:

To date, all the electric vehicles are running on traditional batteries i.e. either lithium-ion batteries or nickel-metal hybrid batteries. And this battery system gives a maximum of 450 -500 miles on one charge approx.

The Solid-state batteries are designed to be more energy dense having solid electrolytes and solid electrodes. These are smaller in size and carry less weight, so these factors will give more range for Battery electric vehicles.

So the future is of all-electric vehicles and many manufacturers are doing various R&D to come up with more effective & efficient vehicles for the future.

“Kentucky Site Chosen By Toyota For Its Electric Vehicles New Plant”

June 3, 2023 by vikas.sinha21

Kentucky in the U.S., where the automotive industry carries on to lead the way, from producing the Ford Super Duty vehicles to leading the nation in EVs(electric vehicles) related projects.

Toyota has already announced, that from starting of the year 2025, they will start manufacturing a battery electric SUV at the Toyota Motor Manufacturing, Kentucky plant located in Georgetown.

In a news release, Gov. Andy Beshear said; “This is an unbelievable update that now Kentucky will be the center of the battery electric vehicle division,”.

Electric vehicles Kentucky Plant — **New Lexus ES 300 Hybrid & RAV4 Hybrid at Georgetown Kentucky plant**

Kentucky in the U.S., where the automotive industry carries on to lead the way, from producing the Ford Super Duty vehicles to leading the nation in EVs(electric vehicles) related projects.

Toyota has already announced, that from starting of the year 2025, they will start manufacturing a battery electric SUV at the Toyota Motor Manufacturing, Kentucky plant located in Georgetown.

In a news release, Gov. Andy Beshear said; “This is an unbelievable update that now Kentucky will be the center of the battery electric vehicle division,”.

Why is the new Electric Vehicles car Toyota making in Kentucky?

Toyota selected Kentucky because it was the first stand-alone plant of Toyota Motor in America. So, Kentucky is the home place for Toyota in manufacturing.

Already, Toyota has a plant in the U.S. with a capacity to produce nearly 250,000 small cars a year, through NUMMI (New United Motor Manufacturing Corp.), a joint-venture company with General Motors Corp., where subcompact Nova passenger cars are being produced.

Now, the independently owned Toyota site will be in Kentucky, Georgetown. Here in this new plant, Toyota is expecting to produce 200,000 cars a year.

This is not a surprise that, Toyota announced to start building cars on its own in the United States.

Since 1^st April 1981, Japanese automakers are laboring under “voluntary” import quotas. This Voluntary import quota system restricts to held their shipments to the American market down to a sanctioned limit of 1.68 million cars a year. Eventually, that upper limit was lifted to 1.85 million units, and last year it was retained at almost 2.4 million cars a year.

In the United States, many other automakers from Japan had already a foothold in that market and they have already profited significantly as a result of those limitations, they may have charged higher prices as of restricted product availability.

But the Japanese be afraid that they would miss the more important battle for U.S. market share if they could not get around the quota allocations, or if they were forced, because of growing protectionist sentiments in this country, to work under even more severe restrictions.

Another route to a bigger market stake was to manufacture the cars where they are sold.

What new Electric Vehicles or car is Toyota making in Kentucky?

This vehicle is Toyota’s first U.S.-built all-electric SUV. It will be a three-row SUV.

**James burley works on the assembly line at the Toyota Motor Manufacturing, Kentucky plant in Georgetown, U.S. Courtesy-ED Reinke, Associated Press.**

Susan Elkington, the president of Toyota Kentucky, told; “We have already seen that the three-row SUV market has an expanding market, and the trend is changing towards electrification of the products and people are switching more to electrification.”

In support of SUV production in Kentucky, Toyota has announced to invest $2.1 million for new infrastructure in its North Carolina battery manufacturing plant.

Toyota has already announced in the year 2021, to invest approx. $461 million in Kentucky factory to build bigger and more battery electric vehicles by the year 2025.

Elkington said Toyota was capable to carry on production in the Commonwealth while adapting and updating the capacity over the last few years to get ready for the launch of the all-electric SUV.

Elkington told, “In fact, our journey here in Kentucky has occurred over several years before now”. “We are creating the compulsory modifications and also enduring existing manufacture, which saves the employment of all our associates.”

What is a Battery Electric Vehicle?

A Toyota Electric vehicle (Car)in the drive way at Toyota Motor Manufacturing Kentucky plant at Georgetown. — A Toyota Car in the drive way at Toyota Motor Manufacturing Kentucky plant at Georgetown.

Ted Ogawa, CEO and the president of Toyota Motor conveyed a message that “We are committed to reducing carbon emission as much as possible and as early as possible”. Switching to battery-electric vehicles is the probable way to achieve this goal of a cleaner and greener planet and the surroundings.

What is Toyota Motor Manufacturing at Kentucky?

Electric vehicles, Toyota Kentucky President Susan Elkington celebrates with employees after announcing the facility with assemble Toyota first Battery Electric Vehicle in U.S. Toyota Motor. — **Toyota Kentucky President Susan Elkington celebrates with employees after announcing the facility with assemble Toyota first Battery Electric Vehicle in U.S. Toyota Motor.**

The plant in Kentucky is the worldwide largest vehicle manufacturing plant for Toyota.

Toyota explained that the Kentucky plant was opened 37 years back and since then the company has already invested more than $8.5 billion.

Bashear of Toyota Motors said that, In the commonwealth, Toyota was a vital part of the automotive industry and now the company is positioned to help lead us into the further.

As per the press release from the Governor’s office, the Battery Electric Vehicle SUV project is a part of the Toyota commitment for a $591 million future project at the Georgetown site.

For Toyota Motors in Kentucky, the Kentucky Economic Development Finance Authority sanctioned a performance-based incentive. The contract can make open up to $240 million in cumulative tax benefits

based on the company’s total collective investment of nearly $2.8 billion across projects with a yearly job goal requirement of up to 8,950 over the period of the contract. If Toyota meets the requirements, the company will be qualified to keep a portion of the new tax income it creates.

Conclusion:

Toyota Motor Company is ready to start its battery electric vehicle manufacturing at its already built-up and running plant in Kentucky.

It is expected to produce its BEV SUV from the start of the year 2025.

Ted Ogawa, CEO and the president of Toyota Motor conveyed a message that “We are committed to reducing carbon emission as much as possible and as early as possible”.

As per the press release from the Governor’s office, the Battery Electric Vehicle SUV project is a part of the Toyota commitment for a $591 million future project at the Georgetown site.

For Toyota Motors in Kentucky, the Kentucky Economic Development Finance Authority sanctioned a performance-based incentive.

The contract can make offer up to $240 million in cumulative tax incentives based on the company’s total collective investment of nearly $2.8 billion across projects with a yearly job goal requirement of up to 8,950 over the period of the contract. If Toyota meets the requirements, the company will be qualified to keep a portion of the new tax income it creates.

“A Good News For Ford Electric Vehicles, Now Ford EVs Can Be Charged At Tesla’s Huge Supercharger Fast Charge Network”

May 26, 2023 by vikas.sinha21

Ford said that the agreement with the Electric Vehicles giant Tesla will increase the number of fast chargers by more than double available to the owners of Ford EVs such as the F-150 Lightning and Mustang Mach-E, Ford said.

BILL PUGLIANO|GETTY IMAGES

To expand the electric vehicle charging infrastructure for U.S Electric Vehicles Customers, the major electric car manufacturer Ford has announced that they are teaming with the Top EV giant Tesla to help in expanding the supercharging fast charging Network.
After this, now Ford Electric vehicles including the Mustang Mach-E and F-150 Lightning can use more than 12,000 Superchargers, the fast-charging units for their vehicles.
From the start of the year 2025, Ford will also provide built-in connectors on its electric vehicles and then the owners of Ford EVs will not require to carry a special adapter to use the superchargers.

Tesla Electric Vehicles Battery Supercharging point.

A TESLA SUPERCHARGER STATION WITH A FORD F-150 LIGHTNING PICKUP.

FORD MOTOR COMPANY

To have the Supercharging continently, Ford said its EVs will be provided with a special adapter to allow them to use the Superchargers. Starting in 2025, a connector developed by Tesla will be built into new Ford EVs, the company said.

NACS (The Tesla North American Charging Standard) connector on Ford EVs fitted with a Combined Charging System (CCS) port will allow the vehicles to be used with Tesla V3 Superchargers.

This will be a very “smaller and lighter” connector to provide “a superior experience for customers.”

Ford Spokesperson told that they have made an agreement, that will give Ford Electric vehicle owners access to the Tesla Supercharger network starting in the spring of the year 2024.

In an announcement, Mr. Jim Farley, the CEO & president of Ford told that this agreement will double the number of fast charging stations in the U.S and Canada for the owners of Ford electric vehicles including the Mustang Mach-E, E-Transit, and F-150 Lightning Pickup.

Currently, near about 10,000 fast –chargers are available through the Ford Blue Oval Charge Network, and more than 12,000 superchargers will be added under the new agreement with the EV giant Tesla.

Conclusion:

The market for electric vehicles is growing and with this battery charging stations and facilities are of prime importance. For the supercharging of EV batteries Tesla has already setup approx. 12000 such stations through out in U.S, and the other EV manufacturers are trying to join hand with tesla to grow the market of electric vehicles throughout the united nation. And in this view Ford has signed an agreement with the EV giant Tesla.

India plans to ban diesel cars by 2027 in push for Electric Vehicles

May 9, 2023 by vikas.sinha21

The Indian Oil Ministry panel has recommended limiting the use of diesel vehicles by the year 2027. This recommendation is for moving towards electric vehicles to ensure less or zero emissions and to protect the environment.

India is amongst the countries with the highest greenhouse gas emissions and is planning to generate 40% of its power from renewable sources. As per the sources, in India for city transport diesel buses will not be added from 2024 onwards, and by 2030 only electric buses will be allowed for city transport.

To put in action, the report and advice of the Energy Transition Advisory Board, committee, headed by the former oil secretary Tarun Kapoor, the petroleum ministry may ask permission from the cabinet.

As the research shows that the government should explore the incentives provided to the manufacturers under the Faster Adoption and Manufacturing of the Electric and hybrid vehicles program (FAME) to rise the practice of electric vehicles throughout the nation.

In India, nearly 2/5^th of the refined fuel consumed is diesel and the transportation sector is using 80% of the same. The committees recommended that the city deliver vehicles with new registrations to electric only from the start of 2024. Also recommending greater reliance on railroads and alternative fuel-powered trucks and other vehicles for the transportation of goods. In the coming two to three years the entire train linkage should be electrified.

As per the report and the sources, in India, the long-run buses would eventually need to run on electricity though petrol may be used as a bridge fuel for the next 10 to 15 years.

Conclusion:

The Indian government is on the way to going green completely. In this way, the adoption of alternative fuels i.e. electric and hybrid fuel vehicle adoption is very necessary and to come into force all these technologies the existing diesel fuel vehicles should be removed completely from the market and in place, electric vehicles should be promoted actively

The US Government is imposing new rules on auto emissions to boost Electric Vehicles demand.

April 12, 2023 by vikas.sinha21

The US government is ready to impose new rules on auto emissions to boost Electric vehicles demand and to save the environment.

The US Environmental Protection Agency (EPA) is targeting to build up to 67% market share of electric cars of all the cars sold by 2032.

Photo: Kamil Krzaczynski (Reuters)

Electric vehicles are still at a small fraction of total US auto sales:

The Environmental Protection Agency(EPA) Proposed a new rule to limit tailpipe emissions from vehicles. As the sources said to New York Times, the agency necessitates for more than half of all new cars sold in the US to be electric by 2030 and up to 67% by 2032.

The US is the second largest country with a maximum CO2 footprint after China. The largest source of CO2 emission is the US transports.

The new EPA proposals are the toughest rule of the Biden administration till now to restrict car pollution.

Though automobile manufacturers are ramping up electric vehicle production, the ambitious targets will probably face a breeze.

Now the question is, will the regulation help to accelerate the adoption of Electric Vehicles?

Electric vehicle uptake in the US is still little. In the year 2022, the electric vehicles market share was only 5.8% of the total auto market. To encourage and change the mindset of consumers, the federal government has announced financial incentives for buyers of electric battery cars. Under the Inflation Reduction Act, consumers who buy a new electric vehicle could qualify for a credit of up to $7500.

Speeding up the adoption of policy made by the US EPA requires more investments in infrastructure. This requires more battery charging points which now total about 130000 nationwide. According to the forecast from S&P Global Mobility, the US must increase the charging points by more than eight times by 2030 to meet the requirements of Electric vehicles.

Another hurdle is access to raw materials. The US manufacturers are finding new sources of minerals for producing batteries for electric vehicles.

The prices for Electric Vehicles are falling:

The prices of electric vehicles are falling but still, they are not at par with gasoline vehicles. According to the Kelley Blue Book, on average, an Electric vehicle costs $11000 more than gasoline passenger cars and trucks of the same segments.

To boost the demand for electric vehicles, the top electric vehicle manufacturer, Tesla has already cut prices for some of its models.

Also, the US people are generally using their cars for an average of 11 years and then after use to replace their vehicles. This is another reason for the slow switch from gasoline to electric vehicles.

Now it’s a global trend to achieve zero emissions and slash the pollution from automobiles. Countries like France and Germany are setting targets for phasing out the

Petrol /diesel gasoline vehicles between 2025 and 2050.

Conclusion:

To achieve a Zero emission target and for a sustainable environment, US government is making policies, under which US EPA is imposing new rules on auto emissions. In this regard, the federal government is offering discounts and tax rebates on the purchase of electric vehicles.

The first Solar Electric Car in India-EVA is ready to hit the Indian Market Soon.

April 10, 2023 by vikas.sinha21

With the inflation in the price of petrol and diesel, people are looking for the Electric car or the electric vehicle. But these vehicles required electricity to charge their batteries. Now solar-powered electric vehicles are introduced in the market which will be charged with the help of sunlight. The market demand for EVs excited the car manufacturer to introduce the latest technologies to manufacture future electric vehicles.

As per the media report, India’s first solar-power-charged Eva Electric Car is coming to the Indian market very soon. With several many functions and different qualities, this car also has solar panels with plug-in charging and this makes it different from all the existing EVs.

Web Mobility Designed the Solar Electric Car Eva:

The Eva electric car is designed and developed by the Pune-based startup Web Mobility. The Car is completely ready and qualified for all the mandatory tests. The official date to launch the car is yet to be announced and is expected to hit the market in 2024.

This is a two-seater car, one in front of the driver and another at the rear for one passenger. This car is perfect for a city ride as its length is smaller and the width is of about two bikes only.

Running Expenses @80 Paisa per K.M

In this Car, the solar panel is fitted on the Roof Top. The running cost of Eva’s car is very less and is only 80 paisa per km. The Eva will be fully charged with a plug-in charger for approx. four (04) hours and 80% will be charged in only 45 minutes.

03 Driving Modes with 250km range:

In this Eco-friendly solar powered car there are three(03) driving modes:

Reverse
Eco
City Mode

Conclusion:

This is the revolutionary age and we all are thinking about clean green and eco-friendly sustainable environment.

This is the new era of alternative fuel vehicles and to save the planet and make it eco-friendly various types of research are going on globally. Electric and hybrid vehicles are the new generation vehicles. And solar-powered cars are the improvement in this chain.

As the petrol and diesel price is sky rising and is depleting globally. Alternative fuel is the best choice to go with and maintain a sustainable environment.

Many car manufacturers are coming forward and producing electric vehicles on large scale to grab the market.

Governments of various countries and states have announced rebates and Tax Credits on the manufacturing and purchases of electric vehicles to support and promote the EVs.

Electric Vehicles:-The Various Types and Makes on the road.

April 3, 2023April 3, 2023 by vikas.sinha21

Electric Vehicles:

An electric vehicle (EV) is an automobile that makes use of one or more electric-power systems for propulsion. The electric vehicles are powered by the energy stored in a collector system of an extravehicular source. Even they could be powered independently by using a battery (every so often charged with the aid of using solar panels, or with the aid of using changing gasoline to energy the use of gasoline cells or a generator).

Electric vehicles are not limited only to street and rail motors but also include underwater vessels, electric-powered spacecraft, and planes. EVs first got here into life within side the overdue nineteenth century, while energy became a few of the desired strategies for motor automobile propulsion, supplying a stage of consolation and simplicity of operation that couldn’t be finished with the aid of using the fuel motors of the time. Internal combustion engines have been the dominant propulsion technique for motors and vans for approximately a hundred years, however, electric-powered energy remained common in different automobile types, which include trains and smaller motors of all types.

TYPES OF ELECTRIC VEHICLES:

A total of Four types of electric or alternative fuel vehicles are available.

1.BEVs:

The BEVs stand for battery electric Vehicles.

Graphical representation of Battery Electric Vehicle — **Block diagram** **of a classic electric vehicle**

The BEVs are fully powered by electricity. And these vehicles are more efficient in comparison of hybrid and plug-in hybrid vehicles.

BEVs are also known as All-Electric Vehicles (AEV). The Electric Vehicles based on BEV technology runs completely on a battery-powered electric drive system. In BEVs, the electric power used to run the vehicle is primarily stored in large batteries and these batteries can be charged by plugging this into the electric power grid. The charged batteries give power to the electric motors, which then give motion to the electric car.

Main Components of BEVs:

The BEVs’ main components are an electric motor, Inverter, Battery, Control Module, and Drive train.

Electric Motor
Power Inverter
Battery Pack
Charging port
Onboard Charger
Power electronic control module
Auxiliary batteries.

Working Principles of BEVs:

The DC battery power is converted to AC power and transferred to the electric motor. And while the accelerator pedal is used to press, the controller unit receives a signal and regulates the speed of the vehicle by making the required changes in the frequency of the AC power coming from to inverter to the motor. And it leads the wheel to turn through a gearwheel. When the vehicle decelerates and the brake is applied the motor acts as an alternator and generates power to charge the battery.

Examples of BEVs:

A few common examples of battery-electric vehicles on road are:

Tesla Model 3.
Tesla X.
Toyota Rav4.
BMW i3.
Karma Revera.
Kia Soul.
MG ZS
TATA Nexon
TATA Tigor
Mahindra E20 plus
Hyundai Kona
Mahindra Verito

2.HEVs:

The HEVs stand for hybrid electric vehicles.

Graphical Representation of Hybrid Electric Vehicles. — **Block diagram of a hybrid electric vehicle**

Hybrid electric vehicles are categorized into two types: –

i). Hybrid Electric Vehicle(HEVs)

ii). Plug-in Hybrid Electric Vehicles (PHEVs)

i) HEVs:

The Hybrid Electric Vehicle uses both an internal combustion engine (ICE) (a petrol/diesel engine) and a battery pack with electric motors to run.
It is powered by the electric motor which runs through the energy stored in batteries, either by the Internal combustion engine or both.
HEVs are not very efficient in comparison with fully battery electric or plug-in hybrid vehicles.
The powertrains of a hybrid electric vehicle are designed to power the cars in series, parallel, or series-parallel (power split) methods.

#Series HEV:

In a series of hybrid electric vehicles, only the electric motor is used to drive the vehicle whereas the internal combustion engine gives power to the generator which in turn recharges the battery.

#Parallel HEV:

The parallel hybrid electric vehicle is based on driving conditions. And this uses the best available power source to propel the vehicle. For the continuous movement of the vehicles, the driving power is alternated between the battery electric motor and the internal combustion engine.

#Series-Parallel HEV:

The series hybrid electric vehicle is a combination of both the series and the series-parallel and gives split power. In this, the power is routed from the internal combustion engine alone or from the battery electric motor to drive the vehicle.

In a Hybrid electric vehicle, the battery is charged through a regenerative braking system. The regenerative braking system (RBS) gives better braking efficiency in dense traffic while running in the city. This enhances better fuel economy and also reduces carbon emissions. This also minimizes energy wastage and gives energy optimization.

Main Components of HEV:

The main component of HEVs are:

A Conventional Internal Combustion Engine,
Fuel Tank & Fuel Filter,
Transmission & Exhaust System,
A battery pack
An electric generator
AC/DC converter / Inverter
Power electronic control module
Thermal System(For Working Temperature Maintenance)

Working Principles of HEV:

In HEVs, the internal combustion engines get energy from the fuel i.e. either from gasoline(petrol/diesel) or from other types of fuels, and the electric motor runs with the help of a battery. The electric motor and the engine rotate the transmission altogether and move the wheels.

Examples of HEV:

Honda City Hybrid
Toyota Innova Hycross
Ferrari 296 GTB
Toyota Urban Cruiser Hyryder
Volvo XC90
Toyota Vellfire
Toyota Camry

ii). PHEVs:

Graphical Representation of Plug-in Hybrid Electric Vehicles — **Plug-in hybrid electric vehicle**s

The PHEVs use both the internal combustion engine and battery packs. The batteries are charged from an external plug-in socket. In PHEVs, the battery charging is done with external electric power instead of charging internally with the engine power. In addition, Plug-in Hybrid vehicles are more efficient than simple hybrid vehicles but it is less efficient than Battery electric vehicles.

The PHEVs are a series of hybrid vehicles with both engines and motors. These vehicles can run on conventional fuels like petrol/diesel or alternative fuels like biodiesel. And this can also be charged and powered by a rechargeable battery. The battery can be charged with external electric power points.

The PHEVs can run in 2 modes:

The All-Electric Mode vehicles, in which the motor and battery generate and supply all the power to the vehicles.
The other mode is the Hybrid Mode, where both electricity and gasoline fuel petrol/diesel are used.

Main Components of PHEV:

The major components of PHEVs are:

A Conventional Internal Combustion Engine,
Fuel Tank & Fuel Filter,
Mechanical Couplings(Transmission) & Exhaust System,
A battery pack
An electric generator
AC/DC converter / Inverter
Battery Charger (If onboard Model)
Energy Storage System

Working Principles of PHEV:

The PHEVs start up in an all-electric mode and run using electricity until their battery pack is depleted.

In this type of vehicle, when the battery gets discharged or drains out, the engine comes into action, and the vehicle starts operating as a conventional gasoline engine vehicle i.e. non-plug-in hybrid vehicle. The PHEVs can be charged by plugging into an external electric power source. And also through an engine or regenerative braking system. In a regenerative braking system, when brakes are applied, the electric motor acts as a generator, and the energy generated is used to charge the battery. Also, PHEVs relatively smaller engines can be used as this is supported by the electric motor. This combination increases the car’s fuel efficiency without compromising performance.

Examples of PHEV:

The common PHEVs on road are

Porsche Cayenne S E-Hybrid,
BMW 330e,
Porsche Panamera S E-hybrid,
Chevy Volt,
Chrysler Pacifica,
Ford C-Max Energi,
Mercedes C350e,
Mercedes S550e,
Mercedes GLE550e,
Mini Cooper SE Countryman,
Ford Fusion Energi,
Audi A3 E-Tron,
BMW i8,
BMW X5 xdrive40e,
Fiat 500e,
Hyundai Sonata,
Kia Optima,
Volvo XC90 T8.

3.FCEVs:

The FCEVs stands for fuel cell electric vehicles.

Graphical Representation of Fuel Cell Electric Vehicles — **fuel cell electric vehicles**

In fuel cell electric vehicles, the electric energy is produced from chemical energy.

For example, hydrogen fuel energy.

The FCEVs are Zero-Emission Vehicles. The FCEVs work on ‘fuel cell technology’ to produce the electricity essential to run the vehicle. In this system, the chemical fuel energy is directly converted into electrical energy.

Main Components of FCEV:

The major components of PCEVs are:

Electric Motor
Fuel Cell Stack
Hydrogen Storage Tank
Battery
DC-DC Converter

Working Principles of FCEV:

In, Fuel–cell electric vehicles the propulsion system is similar to other electric vehicles. The FCEV produces the required electricity to propel the vehicle by itself only. The energy is stored as hydrogen and is converted to electricity by fuel cells. In addition, the FCEV doesn’t produce any harmful tailpipe emissions as there is no combustion of any fuel like the internal combustion engines.

Examples of FCEV:

The major FCEVs are:

Toyota Mirai,
River simple Rasa,
Hyundai Tucson FCEV,
Honda Clarity Fuel Cell,
Hyundai Nexo.

Conclusion:

Electric vehicle is the alternative fuel vehicle. These vehicles are the revolution of the automotive industries. The future of automobile is only based on the upcoming electric and other alternative fuel vehicles.

The governments globally is providing huge rebates and incentives to support the manufacturers and also to attract the customers.

The state governments are also giving extra incentives at their own level to promote the EVs.

Many manufacturers through out the globe are coming ahead to produce and promote their electric, hybrid and other alternative fuel vehicles at a very large scale.

Companies like Tesla, Toyota, Mercedes, Ford, Volvo, Tata, Maruti, Mahindra are already competing themselves to give a better product at a better price to their consumers.

Now is the time to switch for better mobility and move with zero or fewer emission options.

Electric Vehicles, Hybrids, and PHEVs:-The New Era Alternative Fuel Vehicles.

April 4, 2023March 11, 2023 by vikas.sinha21

Alternative Fuel Vehicles: Electric vehicles, Hybrids, and PHEVs

An alternative fuel vehicle runs on alternative fuels rather than traditional fuels like gasoline i.e. petrol or diesel. Alternative fuel vehicles are new technology vehicles like electric vehicles, hybrid vehicles, and solar-powered vehicles.

What are the Hybrids, Plug-In Hybrids, and Electric Vehicles?

The hybrid and plug-in hybrid vehicles use less gas than traditional gasoline fuel vehicles, while the battery electric vehicles uses no fuel at all.

This is the new era of electric and hybrid vehicles as the global state governments are announcing various plans to ban the sale of gasoline (petrol & diesel) powered vehicles by 2035. This restriction is in favor to support the clean and green environment globally and even the economic growth of the nation as well as the individuals.

Hybrid and plug-in hybrid vehicles use electric motors and gasoline engines. Pure battery electric vehicles remove the gasoline engine altogether and are based on the large battery packs used to give the power to the electric motor for the propulsion of the vehicles.

Today we can find hybrid electric vehicles (HEVs), Plug-in hybrid vehicles(PHEVs), and battery electric vehicles (BEVs or EVs) in almost every vehicle segment and almost in all major car manufacturers globally.

Hybrid Electric Vehicles: Equipped with Engines, Motors, and Small Batteries.

Electric Vehicles,Hybrids, and PHEVs: The New Era Alternative Fuel Vehicles.

Hybrid Electric Car — **Hybrid Electric** Vehicles

The most common alternative fuel vehicles are gas and electric hybrid vehicles. These hybrid vehicles use both the gasoline engine and the electric motor for their propulsions. Hybrid cars carry a small battery pack that is charged by the vehicles’ gasoline engines and by converting the car’s motion to energy when coasting or braking.

Regenerative braking is the process of capturing energy from the motion of the electrified vehicle itself. A traditional hybrid car is self-charging. And hybrid vehicles do not get electricity from any external source, as it is in the case of other electric vehicles.

From last, more than 20 years’ hybrid vehicles are widely available in the U.S. In 1997, Toyota Prius was the first mass-produced hybrid vehicle.

These hybrid electric vehicles have continued to grow in popularity with some 50 models currently available for sale. During the braking, stops, and starts of the vehicles, the battery in gas-electric hybrids is charged from the engine.

Plug-In Hybrids Electric Vehicles: Equipped with Engines, Motors, and bigger Batteries.

Plug-in Hybrid Schematic Presentation — **Plug-in Hybrid Electric Vehicles Schematic Presentation**

Another type of hybrid vehicle is the plug-in hybrid electric vehicle (PHEV). The difference between a PHEV and a traditional hybrid is the ability of the plug-in to charge its battery from an external source, such as a household outlet, home charging station, or public EV charging station.

Plug-in hybrid electric vehicles (PHEVs) have much bigger battery packs and can move considerably longer miles on electricity itself than any non-plug-in hybrids. Some PHEVs range even more than 30 miles on electricity only. When the battery pack starts weakening, the vehicle’s internal combustion engine starts working seamlessly. Thus hybrid cars operate with the two power inputs working together as and when required.

E.g.: Toyota Prius Prime 2022, Jeep Grand Cherokee 4xe 2023, and Chrysler Pacifica 2022 are based on the hybrid system to increase efficiency.

Battery–Electric Cars– Equipped with Electric Motors and Bigger Massive Batteries.

Battery electric vehicles i.e. BEVs or EVs is an electric motor-propelled vehicle. In BEVs, there is no I.C.E (internal combustion engine), the vehicle is powered only by electric motors. These electric motors are run through the massive larger battery packs installed below the floor of the vehicle.

The B.E.Vs are charged either through external charging sources or by the regenerative energy from the coasting or braking of the car itself. There is no exhaust emission tailpipe as the BEVs don’t burn any gas and hence creating zero emission.

E.g.: Nissan leaf 2023, Tesla Model 3, 2022, Ford F-150 lightning, Mercedes-Benz EQS 2022, and Volkswagen ID.4,2022. Many other EVs are available in the market many more are upcoming.

Charging of the alternative fuel vehicles:

Charging Facts:

electric vehicle charging level1-120v — **EV charger images are courtesy of Con Edison**

electric vehicle charging level2-240v — **EV charger images are courtesy of Con Edison**

Charging Options	Level 1 (120V)	Level 2 (240V)	Direct-current (DC) Fast Charging
How the Charge ports looks like on the vehicle?
How fast do they charge?	About 5 miles per 1 hour of charging.	About 25 miles per 1 hour of charging.	100 – 200 plus miles per 30 minutes of charging.
Where can I find them?	In our house/garage Possibly at your apartment/condo and workplace. No need to install anything; most automakers provide charger cords with vehicle purchase.	In our house/garage (You will need additional equipment) Possibly at your apartment/condo and workplace. At public charging stations.	At public charging stations. Limited availability, though becoming more common.

Charging: The Hybrids:

Hybrid vehicle charging is done through their gasoline engines, regenerative braking & the energy recovered from coasting or sliding of the wheels. In hybrid vehicles, the charging is done internally, with no need to connect to an external charging source. Charging in the hybrid is an automatic operation and the driver is not required to do anything to perform it.

Charging: The Plug-in Hybrids:

The basic difference between traditional hybrid and plug-in hybrid vehicles is the ability of the plug-in vehicles to receive an external electric source to charge the battery. PHEVs can be charged with a Level 2 household charging system or with public charging stations.

Plug-in hybrid vehicles can also charge batteries from the vehicle’s gas engine and the regenerative braking functions. Simultaneously gasoline is needed to fuel the internal combustion engine of the PHEVs.

A typical type of plug-in electric vehicle requires only a couple of hours to fully charge its batteries from level 2 charging stations.

These vehicles cannot be charged from common public DC fast charging stations.

Charging: The Battery-Electric Vehicles:

Battery-electric vehicles are required to charge their batteries from external charging sources.

The electric charging power may be from the Level 1 household 120V outlet, from a level 2; 240V home & public power station, or from a DC fast-charging public station.

Mostly the Battery –Electric drivers use to charge their vehicles overnight at home only. They also try to charge their vehicles in the middle of the night when the electricity is at its cheapest rate.

For longer trips, the battery-electric drivers use to take advantage of public DC fast chargers.

The Three charging standards in the US for fast charging are:

CHAdeMO: An aging standard only used by one EV model currently on sale.
SAE Combo: The most commonly used type of fast-charging plug.
Supercharger: The fast-charging network of Tesla’s proprietary.

Fuel Economy and the Range of the vehicles:

Hybrids Fuel economy & Range:

Hybrid vehicles have excellent fuel economy and a very less tailpipe emissions as compared to conventional gasoline-powered vehicles. The hybrid vehicles can go over 300 miles with the full capacity of the tank.

For example, the 2022 model Toyota RAV4 with all-wheel drive is the best hybrid in its segment.

Plug-in Hybrids Fuel economy & Range:

The plug-in hybrids have better fuel economy than regular gasoline vehicles and hybrids.

The plug-in hybrids have two ratings for their fuel economy. One is the no external charging like the traditional hybrids and another one is the charging from external sources.

The MPGe (miles per gallon) is the special rating system, developed by the EPA for the fuel economy comparison between PHEVs and the BEVs to other vehicles.

For example, the gasoline-powered all-wheel drive 2022, Toyota RAV4 has a combined City & highway fuel economy EPA rating is 29mpg. The 2022 model Toyota RAV4 hybrid combined rating climbs to 40mpg. And a very rare model 2022, Toyota RAV4 Prime plug-in hybrid SUV, EPA ratings go up to 94MPGe.

Battery-Electric Vehicle’s Fuel economy & Range:

Battery-electric vehicle buyers mostly care about the range an electric car can drive on a single charge. The EPA publishes MPGe figures as well as certified mileage figures.

The BEVs available in the market are in the range of 100 to 500 miles. The lower-end car with respect to mileage range is the 2022 Model Mazda MX-30 and 2023 model, mini Electric Hardtop cars. The longest-range electric vehicle is the 2022 model Lucid Air Dream, which can go more than 500 miles with a single charge range.

The most available electric vehicles in the marketplace can go between range of 200 to 300 miles on a single charge.

Cost of the Vehicles:

The cost of hybrid vehicles:

Mostly hybrid vehicles are priced a few dollars more than their equivalent gas-powered 2022 segment vehicles. The hybrid model of 2022, the Ford F-150 Platinum pickup is just $2500 higher than the standard V8 engine model vehicle. The 2022, model, Toyota Corolla LE is priced at around $20875, and the price of the 2022, Toyota Corolla Hybrid L.E is at $24050.

The actual cost difference comes from the payback with the fuel savings. Most hybrids get remarkable mileage in city driving as they also get regenerative charging of their batteries. If most of the driving is done in urban areas, a fairly quick price difference is recovered. And on highway driving, it takes longer to get any savings.

The cost of Plug-in hybrid vehicles:

The plug-in hybrid vehicles are equipped with large battery packs and the powertrain of these vehicles is very sophisticated, hence these are significantly more expensive than gasoline-powered vehicles or hybrid vehicles.

The 2022 model Chrysler Pacifica Touring L is priced at $41125, whereas the same model hybrid car, the 2022 Chrysler Pacifica Hybrid Touring L is priced at $49000.

The cost difference can be recovered reasonably quickly if the plug-in vehicles are consistently charged with cheaper options than gas electricity. During larger weekend adventures, money can be saved by commuting with PHEV on electricity alone, rather than using a gas engine.

You can recover the cost difference reasonably quickly if you consistently charge your plug-in hybrid with cheaper-than-gas electricity. In essence, you can save money by commuting with a PHEV on electricity alone, then using the gas engine during longer weekend adventures.

The cost of Battery-Electric vehicles:

Battery electric vehicles are costlier than any equivalent gasoline-powered vehicle.

The 2022 model Hyundai Kona costs $21990, while the base price of the battery-powered same model 2022, Hyundai Kona Electric is $34000.

The Volvo XC40 of the 2022 model costs $36350 and the same model battery electric Volvo XC40 is priced at $53550.

The Price difference between traditional gasoline vehicles and alternative fuel vehicles can be recovered through the federal, state, and local incentives offered by the respective governments.
The maximum savings comes from the cheaper price of electricity while charging at home.

Tax Credit and other Incentives on Hybrid, Plug-in Hybrid, and Battery–Electric Vehicles:

Rebate & benefits on Hybrid vehicles:

In the present scenario, only plug-in vehicles are eligible to receive federal tax credits and incentives. Initially, some early buyers of hybrid vehicles get the benefits of tax rebates but now the traditional gas hybrid electric vehicles are not under the special federal tax benefit schemes.

As in the case of hybrids, they don’t use much gas power and even don’t pay as much tax as in the case of pure traditional gasoline vehicles. So higher registration fees are imposed to recover the revenue loss by the governing bodies.

Rebate & benefits on Plug-in Hybrid vehicles:

Significant federal, state, local, and utility buying incentives are applied for many plug-in hybrid vehicles. The available federal tax credits are about from $3500 to $7500 and mostly these incentives are only for the buyers and not for the lesser of the electric vehicles.

At the beginning of the year 2023, federal tax credit eligibility depends on the size of the vehicles’ battery pack, the cost of the vehicles, your earnings and income, the place of manufacturing, and even the source of the components used in the battery pack.

The Plug-in electric vehicle drivers also get special incentives like carpool lane access.

The PHEVs buyers also have to pay the higher registration fee as the hybrid vehicle owners just as the penalty imposed by some states and the governing bodies.

Rebate & benefits on Battery-Electric vehicles:

The incentives from the federal government, state government, local authorities, and utility companies are very much applicable to many new and even used electric vehicles.

The Inflation Reduction Act of 2022, has changed the federal electric vehicle incentives intensely.

Electric vehicle buyers also have to pay the higher registration fee as they do for hybrids and PHEVs.

Emissions from the Hybrid, Plug-in Hybrid, and the Battery-Electric Hybrid Vehicles:

Emissions from Battery-Electric Vehicles

According to the report of the U.S. Department of Energy Hybrid vehicles produces an average of approx. 46% less carbon dioxide emission yearly.

The tailpipes of the hybrids emit greenhouse gases but not much as it is by the only gasoline-run vehicles.

When the hybrids operate in electric mode, the tailpipes don’t emit any pollutants at all.

Emissions from Plug-in Hybrid Vehicles:

**Aerial view of building exterior of a coal fired power station. Large cooling towers emitting steam into to air. Great for global warming, climate change and pollution themes.**

Plug-in hybrid vehicle releases greenhouse gases when it runs on gasoline engines and they don’t produce any emission from their tailpipe while running in electric mode.

Even plug-in hybrid electric vehicles create indirect emissions also as the electricity these vehicles are using is coming from external sources.

And these energy suppliers like coal plants, wind & solar plants, are producing pollutant gas during their production.

Emissions from Battery-Electric Vehicles:

Pure battery-electric vehicles do not produce greenhouse gases directly and there is no exhaust tailpipe. But the electric energy required to recharge the batteries of these BEVs is generated from some power plants, and they creates a carbon footprint.

The electric energy to charge the batteries of BEVs may come either from coal which is generally considered a dirty form of natural gas or the energy and is producing greenhouse gases when burned.

Also, the energy may come from hydroelectric, solar, or wind power sources which create green energy. This is still not very perfect, as in hydroelectric energy sources, the dams interrupt the migration of fishes and the windmills kill the raptors.

Conclusion:

The alternative fuel vehicle is the need and demand of the present and the future. As fossil fuels are depleting day by day and also the carbon emission is the threat to the environment, switching to the electric vehicles is the necessity.

The battery electric vehicles and hybrid electric vehicles are the demand of the new era automotive sectors.

Governments are providing various rebates and Tax relaxation to promote alternative fuels and battery electric vehicles.

Savings You can Make buying an electric vehicle in 2023.

March 24, 2023February 21, 2023 by vikas.sinha21

EV Savings in 2023

An electric car can save you up to $7,000 a year. And as generally, most people keep a car at least for five years before replacing it, so they can save up to approx $35000 over five (05) years.

And most of these savings are from lower fuel costs, as gasoline is an expensive source of fuel and its price is going increasing day by day. And this sky-high increasing gas price is putting a major impact on a person’s monetary part and the economy.

By opting electric vehicle, it will reduce your total running costs. If you charge the battery at its full, it only costs nearly $10 to $15 to run your car.

A glimpse of saving by Electric Car:

If you charge your electric car through solar panels, it will save approx. $4,500 in fuel.
A federal electric vehicle incentive will save $ 7500 on the purchase of your electric car.
The electric vehicle maintenance costs will also be very minimum and this will save you approx. $1000 per annum.
And in five years of using an electric vehicle can save up to $35000.

Savings in Fuel:

An electric vehicle can save up to $1150 to $4500 yearly:

By switching to an electric car you can see a great benefit in terms of fuel savings. Comparatively, a very less amount is required to pay to charge your electric vehicle battery rather than buying fuel for gas cars. An electric vehicle runs on electric motors connected to large onboard batteries, which can be charged with electricity.

The electric motors associated with electric cars are very efficient and allow cars to move at very minimal energy. Running the car with electric motors costs just 4-5 cents per mile as compared to an average of approx. 13 cents per mile in gasoline-assisted cars.

When you accumulate the car mileage over time, these fuel savings start to add up. If you drive your car at an average running and also charge your car with grid power, you can normally save an amount of $1500 to $2000 annually.

Again if you drive your car long distances and charge with a comparatively cheap battery-charging power source like solar panels. The savings will be much higher. We can give an example of the Californians who drive 520 miles per week and save approximately $4500 per annum on fuel costs as they charge their electric vehicle with home solar panels.

Few things that can affect your level of fuel savings:

Driven Miles: The running cost of an electric vehicle has a lower cost per mile, so the greater the running mileage of the car will give greater savings. As a thumb rule, with an electric vehicle, you will save $1000 for every 5000 miles driven.
Style of Driving: The efficient driving methods will give you the most out of each charge. Driving with a lead foot will reduce EV mileage by up to 40%, which can cost you over $100 in monthly savings.
Fuel economy of car: Opting for an EV with a high MPGe (Miles per Gallon equivalent) rating means you can drive further with the same amount of energy. The highly efficient 2022 Tesla Model 3, with an MPGe of 132, can save you $200 more per year than a typical EV with an MPGe of 100.
The use of regenerative braking: Regenerative braking boosts the efficiency of electric cars in stop-and-go traffic conditions. If you mostly drive in a busy place like a city or inner suburbs, you can save an additional sum of $50 annually.
The cost of the alternatives- gasoline: Now this isn’t something you can control, but gas prices also have an impact on your fuel savings. If fuel prices rise 10% from current rates, you will save another $400 per year. On the other side when gas prices go down, your savings will fall.

The electric battery charging costs at its lower side are the most important for fuel savings:

**Tesla superchargers can change up battery of your electric car quickly**

A huge impact on fuel saving is the way you charge your electric vehicle. The charging cost of the electric vehicle battery is directly proportional to the fuel costs.

### The three main methods to charge an electric vehicle and their comparative costings.

Charging Type	Cost of Electricity	Cost to fully Charge an Electric Vehicle
Public Charging Station	$0.28- $0.69 per kWh	Up to $40
Grid power at home	$0.10 – $0.40 per kWh	Up to $23
Solar power at home	$0.05- 0.11 per kWh	Up to $6.50

kWh- Kilowatt-hour

Data Source: Solar Powered Electric Vehicles- Consumer Guide

The home Charging option for your electric vehicle will always be your economical way of EV charging options:

Using a home charger connected to grid power will certainly reduce the cost and it will be usually around 15 to 20 cents per kilowatt-hour (kWh), while this can vary a bit by the utility. If you charge with home solar panels, you will pay even less-as little as 5 cents per kWh.

Comparatively, commercial charging can be very expensive, especially if done at DC fast charging station. Tesla’s supercharger network charges up to $0.58 per kWh, and others provide charge even more than that.

Because of these cost differences, the choice of charging option significantly impacts your savings. A switch to charging from a public charging station to a home solar panels charging system will save you an annual amount of $2500 in fuel.

The charging of your electric vehicle is even more convenient at cheaper costs. At the home charging station of level 2, charge your electric vehicle at its full by parking your car overnight in the garage.

Incentives and rebates on Electric Vehicle:

There is a location-based incentive or rebate on the purchase of an electric vehicle. Based on your locality, you can save $7500 plus as an incentive:

All taxpayers have the right to avail of a rebate of $7500 on the purchase of electric vehicles. And hence he or she may be able to get thousands of dollars more rebates based on the locality. If a person qualifies, he/she may be able to bang a discount of large amount on the purchase of an electric vehicle.

Check the nationwide incentive, available:

The State electric vehicle incentive of $7500:

The federal EV incentive is a tax credit. When you purchase an electric vehicle you can apply to receive $7500 back via your tax return.

In the year 2008, the incentive scheme was initiated by the federal government to attract and encourage EV car buyers. And definitely, thousands of interested buyers qualify for this and get benefited.

Lower Maintenance Costs:

A person can save up to $400 to $1000 annually for lower maintenance costs:

The servicing and maintenance of electric vehicles are much easier than gasoline vehicles. Electric motors can operate without the lubricating oils required by combustion engines; hence, no periodic oil change is required for maintenance.

Electric vehicles required fewer fluids overall as they are built with fewer moving parts. That is why electric vehicles need to be serviced and repaired a lot less frequently than internal combustion engine vehicles. Hence the upkeep of electric vehicles is very cheaper.

A comparative study by the U.S. DOE (Department of Energy), proves that Electric vehicles are 40% cheaper to maintain than gas vehicles. While the average cost to maintain a gas car is 10.1 cents per mile and for an electric vehicle it is only 6.1 cents per mile. Hence it is easy to estimate your maintenance costs and savings annually.

If you drive 25000 miles a year, you would spend $ 2525 for the upkeep of a gas vehicle; in the case of electric cars, it is just $1525. And in total there is a saving of $ 1000 per annum.Certainly the Electric vehicles savings are very considerable

Continuous minimum use of an EV for at least five years:

An analysis of savings with the electric car is as below :

Saving Factors	Yearly Savings	5-Year savings
Fuel Cost	$4500	$22500
Incentives *	$1500 **	$7500
Maintenance	$1000	$5000
Total	$7000	$35000

Note: * only includes nationally available electric vehicles incentive

** This yearly incentive is earned by multiplying over a period of five (05) years of ownership.

The above tabular chart shows that you save much more with electric vehicle options and that comes to nearly $ 35000 over a period of five running years of your vehicle.