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10 Reasons : why to Chose an Electric Car

September 25, 2023 by vikas.sinha21

Introduction: Electric Car

The number of Electric Car consumers are increasing, and various convincing opinions are there in favor of this revolutionary trend. However, some people hold a negative perception of the electric vehicles and claim that these vehicles are not fit for daily use.

As more Electric car charging stations are being established throughout cities and highways across the world, people’s perceptions are changing and they are looking forward to electric vehicles.

Electric cars : Happy Family with Electric Car

Source: Image by Senivpetro on Freepik.

The electric cars have numerous benefits over a gasoline powered vehicles.

The following 10 economical and environmental reasons why we should go for an electric vehicle:

1. Safety features of Electric Car:

Electric cars are equipped with many advanced safety features, which ensures that EV owners keep themselves, their belongings, and others on the road to be safe.

As per the report from the Institute for Highway Safety, the electric vehicle injury claims are substantially less than the gas vehicles.

Electric Cars are generally come with the following safety features:

Adaptive Cruise Control in Electric Car:

The adaptive cruise control system monitors the objects in front of the vehicle using the sensors or cameras. If your vehicle is just about to rear end of someone, the adaptive cruise control technology will instantly engage your brakes to prevent a collision.

Automatic High Beam Deactivation in Electric Car:

This is a camera based system that deactivates the high beams when detects a close distance between two vehicles.

Forward Collision Warning(FCW)System in Electric Car:

The forward collision warning system uses sensors to identify a potential accident when your vehicle approaches a vehicle or other things ahead. The FCW system informs you when you are going too fast and recommend you to slow down to avoid an accident.

Lane Departing Warning(LDW)System:

This system is a camera-based technology that senses and detects whether the driver is about to drift out of their lane using onboard camera.

Lane Keeping Assistance:

The lane keeping assistance pushes the vehicle back into its lane when a driver fails to respond the lane-departure warning.

Blind Spot Monitoring:

This monitors traffic in the adjoining lanes and indicates if a vehicle approaches from either side.

Surround View Camera:

The facility supports in parking by providing the driver with 360- degree picture of the vehicle and its surroundings

2. Instant Torque and Acceleration of Electric Car:

The twisting force, torque is the important features, which makes electric vehicles different from the fuel-powered vehicles or gasoline vehicles. The electric motor’s allows instantly moving away when you press the pedal in a hybrid or electric vehicles.

The major difference between electric and gas powered vehicle is that the electric vehicles does not need any transmission system. In electric vehicles, by pressing the acceleration pedal, the car’s motor immediately sends power to the wheels and develops an instant torque and the acceleration.

In gasoline-powered vehicles, the engine power can be delivered to the wheels after an operation of multi-gear downshift. And in case of electric vehicles, only a simple connection to the battery is required to power the wheels.

Source: Image by Fanjianhua on Freepik.

3. Silent and comfortable Features in Electric Car:

In electric vehicles, as there is no engine and very few moving parts, the noise is negligible. Thus, the silence and the comfort is the two basic things that people look for in their car, and gets in an electric vehicles.

The electric vehicles are equipped with all the modern features like air-conditioning, heating and other amenities, which provides all comforts to the passengers.

4. Less Maintenance:

As there is no engine and transmission system and very few moving parts in electric vehicles, there is no friction and hence no wear & tear. No need to do periodic maintenance of changing mobile oil, coolant, brake oil, gear oil etc. Only battery charging is required and a periodic rotation of tires is necessary.

5. Cheaper in fuel:

The initial purchase cost of an electric vehicle is little higher than the gasoline powered vehicles. However, the after purchase maintenance and fuel cost is lesser than the conventional gasoline powered vehicles. There is no need to fuel electric vehicles as it runs on battery-powered electric motors.

The battery can be charged free of cost or with minimal charge on public charging stations.Even you can charge your car at your home itself.

Electric Cars : Cheaper in Fuel, only battery charging is required.

Source: Image by Freepik

6. Buyers’ Incentives:

There are government incentives and tax rebate available on the purchase of the electric vehicles. To promote the electric vehicles, make a clean and green environment the consumers are motivated with many incentives to go for the pollution free transport facilities.

There are number of financial measures designed to incentivize consumers for purchasing the electric vehicles by the European Union.

7. Tax Cuts:

To encourage the electric vehicles sales, government has implemented a plan to increase the tax burden on conventional gasoline powered vehicles with greater emission and give relaxation in tax to those vehicles like electric and hybrid vehicles with lower emissions.

Norway is the best example of the highest attention of electric vehicle sales in the world. Here the new car buyers save 25% on an electric vehicle purchase since from starting as because of exemption in VAT.

In Germany, also the electric vehicles are free from vehicle tax for up to 10years.

The United States also give tax relaxation for purchasing electric vehicles. Even, the national federal taxes based on fuel usage, including the gas tax and car registration costs are exempted.

Source: Image by rawpixel.com on Freepik

8. Less Depreciation Value:

It is important to think about the depreciation value and the rate of depreciation while purchasing your vehicle. However, it depends on many variables including kind, model, age and condition of the vehicles.

As per the scientific studies, the value of electric vehicle is more stable than that of the conventional gasoline vehicles. An analysis by Autolist shows that the Tesla model S has more retention value than its gas powered competitors like Audi A8. Mercedes S-class and BMW 7 Series.

9. Zero Emission:

Electric vehicles are better for planet. The electric vehicles have no emission, as there is no tail pipe.

In EVs, there is no combustion as in internal combustion engine vehicles. A gasoline-powered vehicle emits various harmful pollutants like carbon dioxide, nitrogen oxide, ozone and particulate matters. These pollutants affects badly to human health and the climate.

However, the electricity used to power the electric vehicles comes from the coal power stations, it is still the electric vehicles emit less global warming pollution than the conventional gasoline vehicles.

Again, for no impact on world’s carbon footprint, the solar powered electric vehicles are good for zero emission. Because there is no pollution or waste involved in the process of powering your vehicle, this is the most environmentally responsible way to drive a car.

10. Unlimited Access to City Centers:

Many polluting vehicles are restricted in city centers of major European cities. However, the electric cars have unlimited access to city centers and low emission zones.

Many cities like Paris, Barcelona, Madrid and London have their own vehicle entry regulations. And these cities have low-emission zones to reduce the air pollution by barring certain types of vehicles from entering specific areas at all times or on specific days of the week.

In Paris, for example, you can only drive your car into the city center if it is electric or has been adapted for disabled people.

In London, there are different rules depending on how old your car is; newer cars can enter the center without issue, but older vehicles may be required to pay a fee.

Source: Image by Freepik

11. Conclusion:

Now it is very important than ever to take an action to protect the environment. There are various ways to protect and make your environment clean and green and pollution free. It is our responsibility to give a better atmosphere and safe life for our coming generation.

One of the various ways is to switch for alternative fuel vehicles and the electric cars are the best option. The electric cars does not demand to sacrifices your comfort or safety. Nowadays the electric vehicles are widely demanded and opted by the drivers who are looking for the new technologies and even don’t think to pay little extra for getting high technology cars with all comforts and environmental friendly.

The whole world is changing rapidly and opting the new generation technology in every fields and we too need to change with the upcoming generation and the technologies. There are enormous benefits of opting the new generation electric cars. It is not only beneficial for a person or for his/ her family but for the whole planet.

Ultimately, the choice is yours, if you think to do something for the climate change and want to make a bright and clean future for our next generation; you should go for the alternative fuels and the electric cars.

10 of the cheapest electric vehicles you can buy today

September 20, 2023 by vikas.sinha21

Introduction:

Now you too can buy electric vehicles. It’s now myth that the electric cars are only for the very rich people. Think once again.

In February,2023, the average U.S non-luxury cars including both gas and electric were retailed for about $44,700. Even though there are at least 10 electric cars that cost less than that price and even three electric cars are under $30,000.

The Federal, state and local rebates and incentives can also help to reduce thousands of dollars in electric vehicles buying price.

Even the leasing of an electric vehicle can make you eligible for a greater federal tax rebate than buying that EV.

Here are the 10 cheapest electric vehicles to buy in your budget:

Chevrolet Bolt:

Price: $27495
Federal Tax Benefit: $7500 Fedral Tax Credit
Estimated Rang: 259 Miles
Fun to Drive with great range.

2. Chevrolet Bolt EUV:

Price: $28795
Seating Capacity: For Five
Federal Tax Benefit: $7500 fedral Tax Credit
Estimated Rang: 247 Miles
Larger version of GM’s original Chevy Bolt.

3. Nissan Leaf S:

Price: $29135
Estimated Rang: 149 Miles
Leaf S is a great option for those who drives shorter distances and charge primarily at home.

4. Mini Electric Hard Top:

Electric Vehicles : Mini Electric Hard Top

Price: $31895
Estimated Rang: 114 Miles
A Zippy import, the Mini Electric gets agile handling and quick acceleration.

5. Hyundai Kona Electric:

Electric Vehicles : Hyundai Kona Electric

Price: $34885
Estimated Rang: 258 Miles
One of the best electric vehicle under $50,000

6. Nissan Leaf SV Plus:

Price: $37135
Estimated Rang: 212 Miles
Second generation Leaf gets high marks for safety and its practicality from the consumers.

7. Volkswagen ID.4 Standard:

Electric Vehicles : Volkswagen ID.4 standard

Price: $40290
Estimated Rang: 209 Miles
Offers Ample cargo space and three years of electrify charging at America’s fast charging Network.

8. Kia Niro EV Wind:

Price: $40875
Estimated Rang: 253 Miles
Comes with driver assistance and wireless smartphone charger.

9. Hyundai Ioniq 5:

Price: $44235
Estimated Rang: 220 Miles
Compelling choice for anyone moving first swing towards Electric vehicles.

10. Nissan Ariya:

Price: $44525
Estimated Rang: 216 Miles
Nissan Ariya is a Crossover SUV, comes with important safety features like blind spot monitoring and automatic braking.

Conclusion:

There are various automakers and new upcoming startups in the field of electric and hybrid vehicles manufacturing are coming to the market and new inventions are creating more opportunities for the players. This definitely creates more possibilities to reduce the manufacturing cost and then the selling price.

Even the tax incentives and government rebates are the key point of discussion for the price relaxation in all electric vehicles.

So the average and common people should rethink before purchasing their new car and can think of any budget Electric Vehicles.

Factors That Governs The Indian Electric Vehicles Market On Boom.

September 11, 2023 by vikas.sinha21

Introduction:

India is the fastest-growing and one of the world’s largest auto marketplaces and has a big population with millions of electric vehicle owners. There is a significant impact of environmental consciousness for the transition from gasoline-powered vehicles to electric vehicles throughout the globe and India is leading in the adoption of green fuel energy sources and electrical vehicles.

As per the IEA report, more than 90% of India’s 2.3 million electric vehicles are cheaper and are two & three-wheelers, motorbikes, and E-Rickshaws.

Analysts say that because of last decay’s enormous rise in fuel and consumers’ awareness of cost benefits, the government has announced a $1.3 billion federal plan to encourage electric vehicle manufacturing and to provide rebates for customers.

Have a look at how the government incentives and cost-conscious customers have given a boost to an electric vehicle boom in India:

1. Government Incentives for Electric Vehicles:

Policy Framework:

In the year 2015, the government of India has launched FAME (Faster Adoption and Manufacturing of Electric (& Hybrid) Vehicles scheme. This scheme is to provide incentives for the purchase and usage of electric and hybrid vehicles.

Tax Incentives:

The Indian government has reduced the GST (Goods & services Tax) on electric vehicles as lowered as 5% only whereas the same on gasoline-powered vehicle is 28%.

Charging Infrastructure:

The Indian government is very much focused on creating a robust infrastructure of Electric Vehicles charging systems. The plan is to set up electric vehicles charging stations on highways and within the cities at a regular interval.

State Incentives:

All the states of India have their own policies of electric vehicle and they are offering some additional incentives, subsidies, and extra waivers to both the manufacturers and the consumers. For manufacturers, the state government provides land and electricity at subsidized rates, and for consumers, they may provide rebates in road taxes and rebates in the registration fee of the electric vehicles.

Promotion of Local Manufacturing:

The government has introduced the ‘Make in India’ initiative to support and boost local manufacturing. The goal is to make India a global hub for electric vehicle manufacturing in view of creating jobs for local people and also to reduce production costs.

2. Cost- Conscious Customers:

Lower Total Cost of Ownership:

However, the initial cost of purchasing the electric vehicles are comparatively high, but the total cost of ownership i.e. the cost of fuel, maintenance and other costing for the lifetime of the vehicles are comparatively lower in electric vehicles.

Economies of Scale:

The demand of electric vehicles are increasing day by day and subsequently it results the more production of the electric vehicles. This brings down the low cost of the manufacturing and resulting the lower market price of the electric vehicles.

Increase in More affordable Models:

During the initial stages of manufacturing the electric vehicles, the most available models were only in the premium segments. However, with the increase in demand of the electric vehicles and because of local manufacturing, more affordable models are coming in the market and it is more convenient to select and opt for the customers.

Environmental Awareness:

Swatch Bharat and Clean & Green Movement for pollution-free atmosphere is the major concern of everywhere. The increase in awareness among the consumers about the environment leads to electric vehicles.

Enormous Rise in fuel cost:

The consistent rise in fuel cost i.e. increasing cost of petrol and diesel in the major reason to shift towards alternative fuel and the electric vehicles.

Conclusion:

The collaboration of government policies along with the essential financial and environmental benefits of electric vehicles has created a rapid adoption of electric vehicles in India and even throughout the globe.

If the present trends continues and innovations & the technologies advances then India will definitely see a major transformation in the transportation sector and the automobile market.

How Much does an electric vehicles cost? The Pricing factors and energy costs?

September 7, 2023 by vikas.sinha21

Introduction:

The price range of electric vehicles depends on the battery size of the vehicle, the ability of the motors to power the vehicle and increase the range, the charging capability of the vehicle, and other additional features like infotainment or interior and exterior features.

The major factors that can affect the overall costs of owing an Electric Vehicles are:

1. Cost of Electric Vehicles Compared to Gas-Powered Vehicles.

Electric vehicles generally come with a higher price tag than gas-powered vehicles as per your choice of the make and model you want to drive.

However, few small and compact electric vehicles with acceptable range for city driving or small travels usually retail for a lower label price than many gas-powered SUVs or mid-size sedans.

Electric vehicles require less maintenance and no cost of periodic oil changes after every three to five thousand miles as required for gasoline-powered vehicles. However, the electric parts are more expensive to repair or replace in case of wear and tear and accidental damages, though the life of lithium-ion batteries is generally around 10 years. The wheel tires of an electric vehicle are of the same life as those of gas-powered vehicles.

Because of a unique structure and higher cost of repairs of an electric vehicle, the insurance premium cost is greater as compared to the gasoline- powered vehicles.

Electric Vehicles
Electric Cars with the Longest Driving Range

2.Costs of Powering an Electric Vehicles:

What makes Electric Vehicles so appealing to drivers beyond the eco-accommodating emanations is the capacity to control a vehicle exclusively on electric battery power. Electric vehicles run on the energy produced by an electric engine, which is estimated in kilowatts. Higher kilowatt yields equivalent to more ability to speed up and support the EV.

Like the idea of a gas-powered motor, the more power you feed your vehicle, the more speed and taking care of you get from the vehicle. Rather than searching for an all-the-more impressive motor filled by gas, EVs convey power in light of the vehicle’s battery limit in kilowatt-hours (kWh), which lets you know how much energy a vehicle stores in the battery pack.

3. Basic Charging Costs:

The expense of charging your EV in light of kilowatt-hours will likewise affect the general cost of an electric vehicle. The most costly charge comes from public quick charging stations, however assuming that you plan out your charging timetable to routinely re-energize at your home, you’ll bring about insignificant energy costs.

You can find out about the genuine expense of running an EV in light of the amount it expenses to re-energize the battery. For instance, utilizing a normal 120-volt power source (a similar one you’d use to connect your toaster oven) takes a normal of 40-50 hours to completely charge an electric battery at the most minimal power level. With the typical expense of power at 15 pennies for every kWh, you’re still just paying $7.50 max to charge your vehicle.

Most EVs offer a level 2 charging connector you can equip for your home. These regularly run 240 volts, diverting seriously charging capacity to the battery. Level 2 charges top off your battery power in a normal of 4-10 hours, bringing your costs down to $1.50 or less. Kilowatt-hour rates differ broadly by state, yet utilizing the public typically assists you with computing a good guess of how driving an EV puts on your electric tab.

4. Costs for Fast Charges:

As an EV driver, you are probably spending significantly less to control up as opposed to filling your vehicle. Yet, maneuvering into a quick charging station builds your energy costs.

That is because the advantageous quick charge costs more each kilowatt-hour, frequently twofold or more than the normal cost you would pay at home. For instance, EVgo, from one side of the country to the other, quick charging station, charges non-individuals 34 pennies for each kWh or 29 pennies for fundamental-level individuals in addition to expenses.

To try not to pay something else for a battery re-energize, plan to control up for the time being, saving quick charges for times when it is very important, like startling traffic or during a long excursion.

5. Conclusion:

The electric vehicles are the future of the road conveyance and transportation system. These alternative fuel vehicles are the demand of next generation for a sustainable growth and clean & green environment. Thus people should be come forward to think and adopt the new era vehicles and the electric vehicles are the best option in this way.

The electric vehicles are a little costlier as compared to the gas-powered vehicles but with the innovations and the upcoming developments, the EVs will be more compatible and cheaper with many government incentives and rebates, which are already offered in many states and countries.

The first Electric Vehicles made by every major carmaker.

August 7, 2023 by vikas.sinha21

Below is the list for all the Top automaker’s first electric vehicles :

Cadillac Lyriq Electric Vehicles:

Even though Cadillac does not now have any Electric Vehicles in production, in five years they will probably make up half of the lineup for the GM luxury brand.

The Lyriq, which was scheduled to go on sale in 2022. GM will use the BEV3 platform, which will also be used for upcoming Cadillacs, Buicks, and Chevrolets, for the first time in this car.

Chevrolet S-10 Electric Vehicles:

The S-10 EV was derived from the second-generation Chevrolet S-10 pickup truck.

To some extent predating a similar variety of the Ford Ranger, the S-10 EV had front wheels driving electric motors. It was introduced for the EV models of 1997, again little updated for 1998, and then obsolete after very few models had been sold.

Citroen AX Electrique, Electric Vehicles:

In December 1993, Citroen AX Electrique come into production, after experimenting with electric vehicle versions of the Visa-based C15 and larger C25 panel vans.

Moreover, just after producing only 374 vehicles, production ended in 1996. The next model Saxo replaced the car from the market. Citroen also introduced the Berlingo Electrique van in 1997.

Dacia Spring Electric Vehicles:

Renault subsidiary Dacia’s first Electric Vehicle was the spring, introduced in 2021. It is a small hatchback car like the Renault KWID budget car and the electric Renault City K-ZE.

While most Dacia’s are mass-produced in Romania, the Spring is built in China, like the City K-ZE. Currently, it is not on sale in the UK.

Fiat Panda Elettra:

To produce an electric version of the first-generation panda, Fiat collaborated with the Austrian company Steyr-Puch. As this was designed mainly for urban use, its top speed was only 43mph.

The Panda Elettra was manufactured from 1990 to 1998. From 1992 to 1996, Fiat sold Cinquecento Elettra in commitment to electric vehicle display.

Ford Ranger EV:

Similar to the Chevrolet S-10, the Ford Ranger electric vehicle was a pickup truck. And the basic difference between the two was that Ford’s electric motor and driven wheels were at the rear rather than the front.

In the year 1998, Ford started the production of the Ranger EV and produces around 1500 electric vehicles until 2001.

General Motors EV1:

The first electric vehicle designed and manufactured by General Motors was EV1. This electric vehicle was produced from 1996 to 1999 and was offered to customers on a lease basis only.

Latter all the vehicles were recalled and scrapped.

Honda EV Plus:

In 1998, Honda started very serious research to produce its electric vehicles, and after research for nine years, the EV Plus was launched. The EV Plus was a small hatchback car with a top speed of around 80mph.

Honda stopped its production in 1999, after producing around 300 vehicles, and introduced its first generation petrol-electric hybrid insight.

Hummer EV Pickup:

The first electric vehicle by Hummer will be the Hummer EV Pickup with a maximum power output of 1000bhp. Hummer has re-established as a sub-brand within GMC, and there is no plan ever again to build anything with internal combustion engines.

Hyundai BlueOn:

In the year 2009, at the Frankfurt show, the electrified version of the Hyundai i10 city car, BlueOn was revealed.

Hyundai’s first electric model was never sold to the public and was only supplied to several South Korean government agencies.

Jaguar I-Pace:

Jaguar’s first, and so far only, electric vehicle, is I-PACE. However, in 2021, Jaguar assured and gave a commitment in public to making nothing but Electric Vehicles from 2025. The I-PACE is a high-performance electric crossover and won the two most prestigious awards, the 2019 World and European Car of the Year awards.

Kia Soul EV:

In the year 2014, Kia produced a compact crossover with the name Kia Soul EV. Moreover, the second-generation version came to public in the year 2018, in the Los Angeles Show.

This Korean company has also transformed the larger Niro into an electric vehicle. In the year 2021, its first model EV6 was designed to be the purely electric version.

Mercedes Electrique:

In the year 1906, Mercedes introduced its first battery-powered electric vehicle Mercedes Electrique and the hybrid Mixte. There were several forms of Electrique including a passenger car for Emperor Franz Josef I of Austria and a truck for the Berlin fire brigade.

MINI E:

In the year 2009, the MINI E was developed and produced as the MINI hatchback. A very extensive field-testing campaign was conducted in US, UK and Germany in the first phase and later in the next phase, the testing was conducted in France, Japan, and China.

However, the first MINI Electric available for the public was MINI Electric and MINI Cooper SE.

Nissan Tama:

Nissan Tama was the first electric vehicle launched in 1947 by the Tokyo Electro Automobile Company. This vehicle was considerably smaller than today’s Nissan Micra, and the top speed of Tama was 22mph with a range of 40 miles.

Later on, Tokyo Electro Automobile company became Prince and was then merged with Nissan in 1966.

Opel Elektro GT:

The Opel Elektro GT sports car was the first off-version electric car from Opel. This EV was giving an output power of 160bhp developed by two electric motors. This was a modified version with aerodynamic improvements, low-resistance tyres and stronger suspension springs. As due to onboard batteries, the car becomes 1700 kg in weight, which was approximately two standard GTs, so a heavy and stronger suspension spring system was very necessary.

In May 1971, the Elektro GT set a total number of six world records for the speed of electric cars over two days at Hockenheim.

Peugeot VLV:

The Peugeot VLV was a light-town electric vehicle. It was a two-seater car and was introduced during the Second World War. The production of Peugeot VLV was started in June 141 at Paris and ended in February 1943 just after producing 373 units only.

Polestar 2:

Polestar was a racing car under the racing team Cyan Racing and was developed under Volvo production cars.The first Volvo electric car was a petrol electric hybrid car and was launched in the year 2017.

Its second version all electric vehicle polestar 2 was launched in 2020 and was build in China.

The coming version Polestar 3 electric SUV will be manufactured in south Carolina, USA.

Porsche P1:

Porche’s first electric vehicle was launched in 1898 with the name Egger-Lohner electric vehicle, C.2 Phantom model. After many decades, in 2014, it was again recovered and placed in Porsche Museum.

Renault Celtaquatre:

Until the year 2011, Renault never manufactured electric vehicles for public, but from 1937, there is a history for Renault as an Electric vehicle manufacturer.

During an event of world fair Renault built 35 taxis on the chassis of its 1.4 litre petrol engine Celtaquatre family car by replacing the petrol engine through electric motors.

Skoda EV truck:

In the year 1930, Skoda manufactured its first electric vehicle an electric truck. The truck had a cargo load of up to 03(Three) tonnes and an aerodynamic front.

In 1990s, skoda manufactured its first battery powered passenger electric car named Eletra151.

Smart fortwo ed:

In the year 2007, the subsidiary of Daimler created its first EV. A total number of 100 vehicles were made available for field testing in London and were used by the Metropolitan Police.

Tesla Roadster:

Tesla is the manufacturer sole electric cars, they never built any other cars. Roadster was the Tesla’s debut model manufactured from 2008 to 2012 and this was based on the series 2Lotus Elise.

Toyota RAV4 EV:

Toyota is more concentrated on hybrids and hydrogen fuel-cell vehicles rather than battery electric cars. However, Toyota produces electrified versions of its first and second-generation RAV4 SUV. From 1997 to 2002, a total number of 1484 units were sold or leased in the US.

Vauxhall Ampera:

The Ampera was rebadged of the first generation Chevrolet Volt. This version was also sold in continental Europe with the name Opel Ampera.

Volkswagen Elektro-Transporter:

In the year 1972, Volkswagen manufactured and launched its second-generation Transporter with the name Electro Bus or Elektro-Transporter.

The top speed of this vehicle was 43 mph and was able to achieve this in 30 seconds.

The range of this vehicle was only 25 miles, and over a period of years it manufactured 120 units.

Volvo C30 Electric:

In a press release of 2020, Volvo described its first electric vehicle namely XC40Recharge Pure Electric. This variant was the improved version of the C30 hatchback Electric.

The C30 electric was in the market from 2011 to 2013.

Conclusion:

The fossil fuel is depleting gradually and also the use of these fuel in a huge amount is a threat for the environment. The increasing number of vehicles globally is releasing large amount of toxic gasses in the environment and this is one of the major cause of global warming.

In this view every automakers are working to develop an alternative fuel vehicles. In this regard the major automakers had already done many researches and even produced many good results. Almost every major vehicle manufacturers have produced their electric vehicles or hybrid vehicles. some has given a very good result and their vehicles are already running on the road.

“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.

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, 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.

Good News for Electric Vehicles Future Market, Tesla cuts prices on new models in the U.S.

April 6, 2023January 25, 2023 by vikas.sinha21

According to the official website, Tesla has made significant cuts to the prices of new electric vehicles models in the U.S.

Elon Musk of Tesla has declared a price cut on its bestselling Model Y, along with its Model X, the SUV, and Model S, the luxury sedan.

Why it was necessary to cut the price for Electric Vehicles?

The price cut comes as Tesla experiences a declining market share. And analysts say that the firm is facing serious demand problems for its electric vehicles.

The worst-ever annual drop was in the year 2022. This year the company saw an approximate 65% plunge in its stock.
The price cuts in Germany, China, and other Asian countries, add to the worries of a demand slowdown for Tesla.
Investors are already casting doubt on Musk’s leadership abilities, considering the cases with Twitter.
Some investors have suggested price cuts could be welcome amongst the growing competition. The higher volumes could reduce production costs and make up for the smaller margins.
Even the growing competition could push the company into a pricing war with other EV startups.

The US carmaker expanded its sales by 40% during 2022 to 1.3m. And the U.S. is the world’s largest manufacturer of pure battery electric cars. However, investors are worrying that the sale growth will be limited by economic slowdowns in some of its key markets.

Carmakers around the arena are ramping up the manufacturing of electrical automobiles to conform with bans on internal combustion engines. And this law will come into implementation within UK and Europe by the end of this decade.

Tesla faces competition from new electric-powered vehicle manufacturers such as Lucid, Fisker, and Polestar in addition to well-established car manufacturers like Volkswagen, General Motors, and Hyundai.

After a duration, while the delivery of new cars outstripped demand due to coronavirus pandemic-associated delivery chain disruption, carmakers’ attention is turning to the opportunity of falling demand.

The investors’ enthusiasm was at its height in 2020. And this contributed to the plunge in Tesla’s inventory market valuation. Tesla’s marketplace value has fallen by more than two-thirds. The market value of Tesla comes down to $400bn from more than $1.2tn in November 2021.

A Tesla spokesperson stated the agency had seen “a normalization of a number of the price inflation” after “a turbulent year of deliver chain disruptions”, which allowed it to reduce costs for customers.

According to the Guinness World Record report, the fall in cost and the market demand of Tesla replaced Elon Musk, its CEO, and foremost shareholder, from the top list sector’s richest person.

Tax Credit and Price Cut Benefits:

The price changes and the federal tax credit of $7,500 may attract buyers to many electric vehicle models.

“With a tax credit of $7,500, U.S. people will also get the added benefit of a price drop of $13,000. That means the delivery of EV before Mid-March, you may get more than a $20k cheaper rate for your vehicle.”

Tesla has cut the prices of its cars in the US and Europe by up to a fifth as it contends with slowing demand and increased competition.

The concerns over demand have contributed to the plunge in Tesla’s stock market value since the height of investor enthusiasm in 2021. Photograph: Aly Song/Reuters

The cost of the starting Model 3 saloon car with the rear-wheel drive model, dropped from £5,500 to £42,990. The other Model Y crossover dropped to £44,990. Also, the maximum cut was £8,000 to £59,990 for the most expensive performance model.

In the United States, a 20% price drop is applicable as US tax credits for entry-level models. This will come from $65,990 to $52,990 (£43,526). And a tax Credit reduction of $3,000 for the Model 3.

Dan Ives, an analyst at US funding financial institution Wedbush, stated that the United States and European cost cuts were “eye-popping”. He told that an “EV charge war” among producers become now underway.

However, he said it was the “right & appropriate strategic poker move by Elon Musk”. And this cuts may increase the deliveries by between 12% and 15%.

“Globally tesla is now moving aggressively with marginal flexibility to gain further market share in this EV arms race,”

The CEO of car website Electrifying.com, Ginny Buckley stated that Tesla buyers who took delivery in recent months would be “less than impressed by the move, which could ultimately undermine confidence in the company”.

She also added, “ Carmakers will usually carefully manage prices and incentives to avoid crashing used values and upsetting customers”.

Conclusion:

The electric vehicles market is growing rapidly and customers are now aware to go for a green, clean, and sustainable environment. For this, alternative fuel vehicles are a good choice to save nature, and even a very economical effort.

And automobile giants like Tesla are offering price cuts in their many car models to attract people and to compete in the present market.