Today in Automotive Updates: China Faces Overproduction of EV Batteries, Rivian Introduces Grading System for Fast Chargers, and the True Cost of EV Ownership
China’s production of electric vehicle (EV) batteries is surpassing demand. Rivian is implementing a letter grading system for EV fast chargers to aid in more efficient travel planning. Moreover, despite concerns over depreciation, owning an EV can still offer significant financial benefits after five years. Get all these insights and more from Green Car Reports.
Rivian has revealed plans to assess the reliability of EV fast-charging stations, assigning them letter grades that will be integrated into its routing system and user interface. This initiative could encourage charging networks to focus on enhancing their reliability. Meanwhile, it might benefit Tesla’s Supercharging network, which is typically known for its high reliability.
A recent comprehensive analysis of electric vehicle (EV) ownership costs reveals that, for new 2024 models, half of the EVs will be less expensive to own over a five-year period compared to internal combustion engine (ICE) vehicles, even considering the significantly higher depreciation rates experienced last
According to recent analysis from Bloomberg New Energy Finance, China currently produces a sufficient quantity of batteries to meet worldwide electric vehicle (EV) production needs. In 2023, the country’s manufacturing capability was twice as high as the combined global demand for battery cells for EVs and energy storage. Moreover, if manufacturers follow through with their plans, this surplus in battery cell supply over demand from EV factories could increase even further.
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The electric version of the Mercedes G-wagen has been transformed into a die-cast model, now with an emphasis on sustainability. Meanwhile, prices for used electric vehicles are dropping compared to last year. Additionally, the most budget-friendly Lexus model has seen improvements in fuel efficiency. More on these developments at Green Car Reports. The 2025 Lexus UX 300h will now only be available as a hybrid, with its favored All-Wheel Drive (AWD) variant achieving a significant increase in fuel economy. This model now delivers 43 miles per gallon combined, with a starting price of about $40,000. CarMax’s latest yearly report indicates that the most sought-after used EVs are selling for up to $5,000 less than the previous year, a list that includes the Tesla Model 3 among others.
Despite maintaining a similar user interface to the 2024 version and earlier models, the UX has transitioned to an exclusively hybrid format.
According to the retailer CarMax, the top-selling used electric vehicle (EV) models are currently being sold for thousands of dollars less than they were a year ago.
While the actual G 580 equipped with EQ Technology could fall somewhat lacking in environmental features, its miniature Matchbox version fully commits by utilizing recycled metal and eco-friendly plastic.
Hyundai backtracks on its commitment to an exclusively electric vehicle factory. Polestar explores alternative battery technologies at charging stations. U.S. federal researchers identify methods to enhance the reliability of fast-charging stations. Additionally, an electric vehicle with Saab origins could potentially be manufactured in Italy. All this and more is covered here at Green Car Reports. Last week, Hyundai confirmed…
StoreDot’s „silicon dominant“ battery technology for electric vehicles may not be seen in practical use for several years, yet its charging speed in a standard EV lives up to expectations.
The Metaplant in Georgia, originally planned exclusively for the production of fully electric vehicles, will now also manufacture vehicles equipped with fuel tanks and exhaust systems.
It has also revealed designs for different vehicle models, such as a sports car named the Rise and a luxury sedan referred to as the Capital ES.
Enhancing the robustness of control systems for public electric vehicle chargers could improve the overall reliability of charging stations in several typical scenarios.
Which car manufacturer has set the price for its equipment that enables its electric vehicles to power homes? Which electric vehicle brand boasts the lowest cost of ownership among all car brands? We’re reviewing the past week’s highlights with our Week In Reverse segment—presented by Green Car Reports—as we recap the events up to April 26, 2024. The Tesla Model Y…
Ford’s electric vehicles are currently not profitable, yet there’s optimism with the upcoming lineup. Mazda unveils an attractive electric sedan exclusive to China. Toyota is developing a new three-row electric SUV for the U.S. market. Meanwhile, Honda is setting up an additional EV production center in Canada. All this and more on Green Car Reports…
The proposed electric vehicle hub in Ontario is set to enhance Honda’s existing EV center in Ohio, which could result in most of the brand’s future EVs being manufactured in America.
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