Zimbabwe has been experiencing a prolonged petrol and diesel shortage for 3 years and counting, with no solution in sight. The country is struggling to raise foreign currency to import these fossil fuels, so spending 30% of its hard-earned foreign currency by literally burning it in ICE vehicles is just crazy!
Amid the financial fallout from the COVID-19 pandemic, most of us have hardly had time to consider the effects of another economic H-bomb that went off around the same time: the collapse of oil prices.
The price of oil is plummeting and millions of barrels of oil are being produced that nobody wants — and they’re going right to the ocean.
How easy is it to recharge an EV? So easy that a 9 year old can get the job done in a matter of seconds!
There are 8 major items in the Edmunds True Cost to Own figures: Depreciation, Taxes & Fees, Financing, Fuel, Insurance, Maintenance, Repairs, and a possible Tax Credit. For this article, I’m only going to focus on how fuel costs compare between gas cars and electric vehicles (EVs). The other categories should not have much variation. I’ve owned electric cars for the last 7 years, and although they have fewer repairs than my gas cars, the few repairs that have been required have been more expensive.
Energy Innovation has a new online tool that predicts EV sales in the US will account for 65% or more of the market by 2050.
Gasoline prices need to be at least $3 a gallon before they begin impacting consumer vehicle purchase choice in the US, according to a new study from the market research firm MaritzCX.
Remember a few short years ago when the hot debate was whether cars in the future would be predominantly powered by fuel cells versus batteries? And even more fundamentally, if electric vehicles would ever move beyond the niche “green” and luxury-performance buying market? My how sentiment seems to have changed recently.
If you’re currently considering purchasing an electric car or a hybrid, now may be the time to do so, according to TrueCar — with the best prices likely to be seen right now, owing to manufacturers lowering them to compete with low gas prices. “Fuel savings are not top of … [continued]
Saving money on transportation is always helpful, especially if we blunt air pollution at the same time. Any time of the year, it’s nice; however, this season it allows for more to spent on the family for the holidays. According to the American Public Transportation Association’s November Transit Savings Report, the average … [continued]
