DETROIT — Electric vehicles have reached a critical mass, outpacing average days’ supply of gasoline vehicles at dealerships, according to Cox Automotive, but some dealers still need convincing. EVs are no longer exclusive to the new-vehicle market, said chief economist Jonathan Smoke. EV emergence in the used and wholesale market gives them more staying power,
U.S. consumer interest in purchasing electric vehicles is growing fast, but Americans still remain less confident in the technology than their overseas counterparts, according to a study by the EY consulting and accounting firm. More than 20 percent of Americans surveyed by EY in March and April said they would consider a battery-electric vehicle for
Automakers and battery manufacturers are racing to improve electric-vehicle range, but that’s not the only number car owners care about. Consumers are also concerned with how fast they can charge their vehicles. The six-figure Lucid Air Grand Touring might be their best bet. It achieves the most range during a 20-minute charging session, according to
Two pathways are emerging as electric vehicle charging infrastructure expands across the U.S. Automaker partnerships will determine whether those technologies will coexist or whether one will push the other out, like VHS and Betamax. Four months ago, the U.S. was heading toward a standard way of EV charging with chargers other than those built by
Even as electric vehicles make up only a sliver of U.S. car sales, Redwood Materials anticipates a day when the availability of the batteries that power them falls short of surging demand. The company is racing to get recycled materials into EV batteries within two years, and plans to produce cathode active material and anode
The U.S. Joint Office of Energy and Transportation will bring together automakers, electric vehicle charging companies, researchers and other stakeholders to create solutions to improve the EV charging experience. The National Charging Experience Consortium, led by Department of Energy national laboratories, will develop best practices and work to solve charging pain points over the next
WIXOM, Mich. — Cirba Solutions, a new battery recycler formed from companies with decades of industry experience, plans to expand its electric vehicle battery recycling business sevenfold in the next few years. The key to Cirba Solutions’ future are its regional facilities. “The name of the game is to make sure we’ve got locations where
Direct-to-consumer electric vehicle makers likely cost California franchised dealerships $910 million in gross profit opportunity last year. That breaks down to nearly $700,000 on average across the state’s 1,303 franchised dealerships based on an Automotive News analysis, with the missed profit affecting luxury outlets the most because of EV brands’ high transaction prices. EV makers
Many industry insiders liken electric vehicles and charging infrastructure to a chicken-and-egg scenario. But some say it’s more like peanut butter and jelly — they have to stick together. Too much infrastructure too soon, and charging companies could fail. Too little, and EV owners won’t have enough options to charge on the road. “You need
As the Biden administration, automakers, local governments and others pledge to install hundreds of thousands of electric vehicle chargers across the U.S., identifying the best locations is critical to expanding EV adoption and charging access. “In the past, deciding where to place charging was kind of just throwing darts at the wall,” said Arcady Sosinov,
