Used car prices have fallen sharply over the past year, led by the Tesla Model 3, according to new analysis from iSeeCars. Overall used car prices are down 4.7% from September and 8.7% from a year ago, according to the analysis, which is based on the average listing prices of over 1.8 million 1-5-year-old used car sales in Feb. 2022 and...
Used car prices have fallen sharply over the past year, led by the Tesla Model 3, according to new analysis from iSeeCars. Overall used car prices are down 4.7% from September and 8.7% from a year ago, according to the analysis, which is based on the average listing prices of over 1.8 million 1-5-year-old used car sales in Feb. 2022 and...
Chinese automaker Dongfeng has launched a production model with in-wheel motors from supplier Protean Electric. In press releases, Protean claims the Dongfeng Fengshen E70 is the "world's first fully homologated passenger car" equipped with two ProteanDrive in-wheel motors. A conventional inboard motor drives the front wheels, while the in-wheel...
A lack of standards for repair and replacement of EV battery packs may lead to higher insurance premiums, according to a recent Reuters report (via Automotive News). Battery packs can represent up to 50% of an EV's price tag, often making it uneconomical to replace them, according to the report. And while there is no standard procedure for...
![Electric Avenue charging stations in Portland, Oregon [photo: Portland General Electric]](https://images.hgmsites.net/tmb/electric-avenue-charging-stations-in-portland-oregon-photo-portland-general-electric_100532764_t.gif)
Unprecedented EV sales and a lack of funding to keep pace with them have put Oregon EV and plug-in hybrid rebates on hold. The Oregon Department of Environmental Quality (DEQ) recently announced that it is temporarily suspending the state's Clean Vehicle Rebate Program due to projections showing that it will be oversubscribed by late spring. April...
Thorough planning of EV charging station placement, specifically with a greater emphasis on workplace charging, could cut the need for more power plants, according to a new MIT study. Published in the journal Cell Reports Physical Science, the study uses data from New York City and Dallas to counter the narrative that an influx of electric cars...
The global market for internal-combustion vehicles peaked in 2017 and is now in "structural decline," Bloomberg New Energy Finance declared in a recent report. Combustion-vehicle sales in 2022 were down almost 20% from the 2017 peak, according to BNEF. In 2017, 86 million internal combustion passenger vehicles were sold globally—including...
Convenience store chain 7-Eleven has ambitious plans for EV charging. The company on Thursday announced 7Charge, an EV charging network that it aims to make one of the largest in North America. The plan includes DC fast-charging stations at 7-Eleven locations in the U.S. and, eventually, Canada, with access via a proprietary app. While light on...
Tesla is being sued by customers who claim the automaker has unlawfully monopolized replacement parts and repair services. Two class action lawsuits (via Transport Topics) were filed Tuesday and Wednesday in San Francisco on behalf of two California residents who own Model S EVs. The plaintiffs allege that Tesla has violated antitrust laws by...
Volkswagen has chosen a Canadian site for the first EV battery factory of its new PowerCo business unit outside Europe. Located in St. Thomas, Ontario, the factory is expected to start producing battery cells in 2027, according to a VW press release. It will be the third PowerCo battery plant globally, along with plants in Salzgitter, Germany, and...