Tag Archives: Electric Vehicles

Automakers to invest $90 billion in electric vehicles

Reuters reports that we are witnessing an “investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing.” It notes that the world’s top automakers are poised to introduce dozens of new battery electric and hybrid gasoline-electric models over the next five years. Those models currently account for less than 1 percent…

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Toyota: Hybrid technology remains central part of strategy

While other automakers are increasing their electric offerings, Toyota says hybrid technology will remain central to its strategy. “With hybrid technology at the center, Toyota will offer fuel-cell vehicles, plug-in hybrids, gasoline cars, and — although we’re a little bit late — electric vehicles,” said Toyota Motor Corp. President Akio Toyoda. “We’re not thinking about deciding that now it must…

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State, federal incentives for plug-in hybrids and electric cars

Plugincars.com has a comprehensive rundown of state and federal incentives for purchasing a plug-in hybrid or electric car. Incentives include federal tax credits up to $7,500 for buying a new plug-in hybrid or electric car, depending on battery size. Other incentives include tax credits for purchasing charging equipment, insurance discounts, and special electricity rates. Read more.

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Survey Shows Consumers Want More Plug-in Vehicles

A recent survey of drivers in 10 states found that consumers want more choices when it comes to plug-in hybrids and all-electric vehicles. “Consumers looking for a new vehicle this summer are thinking more about the many benefits of driving on electricity,” said Josh Goldman, lead policy analyst for the UCS Clean Vehicles Program. “More than 65 percent of survey respondents want…

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Ford investing heavily in electric car ambitions

FORTUNE recently highlighted Ford’s commitment to electric vehicles, including its plans to invest $4.5 billion and add 13 new electric cars to its lineup by 2020. Within five years, more than 40% of the Ford’s models will come in electrified versions. Ford currently sells three electric cars: the Focus (electric), Fusion (hybrid/plug-in hybrid), and C-Max (hybrid/plug-in hybrid). The 2017 Ford Focus Electric,…

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Indianapolis to lease 425 plug-in cars for city use

The Indianapolis Star reports that the city is spending $32 million to lease 425 plug-in sedans for the next seven years. The hybrid and electric vehicles are expected to save the city 2.2 million gallons of gas over the next decade. “This is a landmark step in revitalizing our aging fleet and replacing expensive internal combustion engine vehicles with cutting-edge EV technology,…

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