An article from Forbes explained that owners of electric vehicles (EVs) may have to pay more for insurance than owners of gas-powered cars. Some of the experts interviewed for the article said that the higher insurance rates can be attributed to the fact that repair costs for an EV are greater than those for conventional autos.
Tesla has announced that it is reducing used-vehicle warranty coverage on its older Model S sedans and Model X crossovers after the original warranty expires. This comes a few days after the electric vehicle (EV) maker dropped its seven-day “no questions asked” return policy on its newly purchased cars.
A recent article from E&E News reported that Volkswagen, GM and Ford can no longer keep a secret: that they believe that vehicles that run on gas are no match for their battery-powered counterparts. Since making that admission, they must now find a way to promote the benefits of electric vehicles without alienating their customer base that still prefers cars with the good, old-fashioned internal combustion engine.
ABC News reported that the Chevrolet Bolt has been deemed a fire risk by the National Highway Traffic Safety Administration (NHTSA) after the agency received complaints that the electric vehicle (EV) can catch fire. The probe covers almost 78,000 vehicles in the 2017-2020 model years.
The New York State Public Service Commission (PSC) recently approved a $750 million initiative to speed up the construction of 50,000 charging stations throughout the state by the year 2025 as part of Governor Andrew Cuomo’s “Make Ready” order. The governor’s initiative also calls for $4.4 million in spending for an additional 4,650 charging stations on Long Island that would charge up to 188,000 electric vehicles (EVs) islandwide within five years.
The increase in demand for electric vehicles on the market has made an impact on the environment, car manufacturing, and car recycling. These new cars are created with different metals that are lightweight to accommodate for the heavier lithium-ion battery.