Electric vehicle leasing hit the stratosphere in July, thanks to a growing number of car buyers who scrambled to claim the federal tax credit ahead of its Sept. 30 demise. Leasing accounted for 70% of EV transactions in July, compared to just 10% in 2022, analysts from the car-buying website Edmunds said Wednesday. That's slightly below last year's record high of 80%, but still underscores that shoppers are racing to grab the up-to-$7,500 incentive while they can. And they're going the leasing route for that.
Last year, Porsche said that adding fake shifting to EVs made the cars "worse." It secretly toyed around with the idea and now has a prototype where engineers "could not tell the difference." The automaker is now considering adding it to their next-gen EVs. Remember last year when Porsche guffawed boisterously at Hyundai for adding fake shifting to its Ioniq 5 N? That was exactly one year ago.
We constantly say here at InsideEVs that the world will continue to electrify, whether you like it or not. And, well, that's still proving to be true. We're still going electric (in some fashion) whether the powers that be want that to happen or not. And unfortunately, it looks like some people really, really don't want us to go electric.
In fact, researchers estimated that US mines waste enough lithium every year to power 10 million electric car batteries. Meanwhile, American mines throw away enough manganese, another car battery mineral, to help build 99 million EVs. The study found that if the US started using this hidden goldmine, the country could shift from being an importer of minerals who spends billions on these resources to an exporter that makes billions and potentially creates thousands of new jobs.
One of the reasons is that government initiatives support EVs and there are Low-Emission Zones (LEZs) in the UK where LPG cars are fined or sometimes outright banned from entering. Along with these government initiatives, public demand for sustainable travel is also rising. Yet, while the appeal of cleaner, quieter driving is strong, one challenge continues to hold back widespread EV adoption in the UK: range anxiety. For many drivers,
"If you want to buy an electric vehicle for under $50,000 today, I would say in the United States there are well under five great choices," Scaringe said during a wide-ranging interview on InsideEVs' Plugged-In Podcast that airs Friday morning. "Until you start to have a number of choices, we're not going to see the market really expanding."
Lithium is the foundation of the modern energy economy, powering electric vehicles, smartphones, and renewable infrastructure, and is critical for the nuclear energy revolution.
The ID.Buzz positions itself as a premium electric vehicle that promises to change family transportation, representing more than just a minivan replacement but a lifestyle statement for families.