EV sales are booming and there are a plethora of new, affordable models.
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Joe Capitalist
Racism is a disease
The new electrified E-Ray is the quickest Corvette ever
There used to be a joke that if Microsoft made cars, your car would crash twice a day for no reason at all. But the reality of software-defined cars (that is, vehicles in which clever coding has as much say as masterful machining in determining a car’s characteristics) is demonstrated by the 2024 Chevrolet Corvette E-Ray, whose smart software lets the car’s new electric motor deliver supplemental power to the front wheels so imperceptibly that the driver would have trouble guessing that the latest version of America’s sports car has all-wheel drive.
That’s because the Corvette’s signature 6.2-liter, overhead-valve, LT2 small block V8 is still roaring, powering the rear wheels with its 495 horsepower, just like in the base Stingray model. But now there’s that 160-hp electric motor up front, running off a 1.9 kilowatt-hour array of LG lithium-ion batteries deftly tucked into the car’s central tunnel.
This $104,295 vehicle is a regular hybrid-electric, with no external power plug, so the battery is small and gets its juice entirely from the gas engine and from regenerative braking that turns the electric motor into a generator when the car slows. Having that extra 160 hp and 125 lb.-ft. torque on tap is “like having a nitrous oxide tank that fills itself,” remarked chief engineer Josh Holder, referring to the “NOS” gas made famous by The Fast and the Furious movie franchise for giving combustion engines a burst of extra power
There used to be a joke that if Microsoft made cars, your car would crash twice a day for no reason at all. But the reality of software-defined cars (that is, vehicles in which clever coding has as much say as masterful machining in determining a car’s characteristics) is demonstrated by the 2024 Chevrolet Corvette E-Ray, whose smart software lets the car’s new electric motor deliver supplemental power to the front wheels so imperceptibly that the driver would have trouble guessing that the latest version of America’s sports car has all-wheel drive.
That’s because the Corvette’s signature 6.2-liter, overhead-valve, LT2 small block V8 is still roaring, powering the rear wheels with its 495 horsepower, just like in the base Stingray model. But now there’s that 160-hp electric motor up front, running off a 1.9 kilowatt-hour array of LG lithium-ion batteries deftly tucked into the car’s central tunnel.
This $104,295 vehicle is a regular hybrid-electric, with no external power plug, so the battery is small and gets its juice entirely from the gas engine and from regenerative braking that turns the electric motor into a generator when the car slows. Having that extra 160 hp and 125 lb.-ft. torque on tap is “like having a nitrous oxide tank that fills itself,” remarked chief engineer Josh Holder, referring to the “NOS” gas made famous by The Fast and the Furious movie franchise for giving combustion engines a burst of extra power
Joe Capitalist
Racism is a disease
The Average Electric Car Is 22% Cheaper Than a Year Ago
The average price of a new electric vehicle has tumbled 22.4% in a year, bringing the price gap between EVs and all cars under $3,000.
A year ago, the availability of electric vehicles was limited, there were waitlists for certain models, and it was common for buyers to pay above the sticker price. That’s all changed in 2023.
New model launches and ramped-up production have led to a glut of EVs and lower prices. The average transaction price of a new EV is down nearly $15,000 since September 2022, dropping from $65,295 to $50,683, according to Kelley Blue Book (KBB) data.
The average price of a new electric vehicle has tumbled 22.4% in a year, bringing the price gap between EVs and all cars under $3,000.
A year ago, the availability of electric vehicles was limited, there were waitlists for certain models, and it was common for buyers to pay above the sticker price. That’s all changed in 2023.
New model launches and ramped-up production have led to a glut of EVs and lower prices. The average transaction price of a new EV is down nearly $15,000 since September 2022, dropping from $65,295 to $50,683, according to Kelley Blue Book (KBB) data.
Joey wet panties, sounds like you get screwed.
Joe Capitalist
Racism is a disease
Today, 08:12 AM
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Verified User
And yet conserva'tards remain confused about what, in an ICE vehicle would be a higher fire risk.
Hmmmmm whatever could be the cause????
Joe Capitalist
Racism is a disease
Joe Capitalist
Racism is a disease
And yet conserva'tards remain confused about what, in an ICE vehicle would be a higher fire risk.
Hmmmmm whatever could be the cause????
I'd rather keep a big battery in my car than 15 gallons of highly flammable and explosive liquid.
Automakers "are spending huge amounts of money to develop EVs," Tom Libby, associate director for loyalty solutions and industry analysis at S&P Global Mobility, said in a statement.
EVs continue to take off. US EV sales have increased for 13 straight quarters, according to Cox Automotive. And the US is on pace to notch its first year with more than 1 million EVs sold.
T. A. Gardner
Serial Thread Killer
Gasoline (the higher the number 1-4, the more dangerous it is)
Lithium ion batteries and lithium
Lithium and lithium ion batteries are far, far more dangerous than gasoline...
Joe Capitalist
Racism is a disease
EV sales surged past 300,000 for the first time in the third quarter, a nearly 50% increase over last year. As automakers like Volvo, Mercedes-Benz, Nissan, and Hyundai ramp production.
The latest quarterly EV sales estimates from Cox Automotive dropped Thursday, showing a record 313,086 electric cars sold from July to September. EV sales have now expanded for 13 straight quarters.
Electric vehicles accounted for 7.9% of total US auto sales in Q3, up from 6.1% a year ago and 7.2% in Q2.
EV sales surged 49.8% compared to last year, increasing 5% from the 298,039 sold in Q2. The data shows most automakers have picked up the pace significantly over the past year.
Volvo, Nissan, Mercedes-Benz, and Hyundai posted notable progress, with sales growing over 200%. The growth comes as new electric models hit the market. Over the past year, 14 new EVs have been introduced.
Higher inventory, more availability, and lower prices have also contributed to the growth. According to Cox Automotive, EV prices are down 22% over the last year, with a $50,683 average price paid in September.
The price cuts are led by Tesla, with prices down around 25% from last year. Last week, the Tesla Model 3 hit its lowest starting price ever at $38,880.
The latest quarterly EV sales estimates from Cox Automotive dropped Thursday, showing a record 313,086 electric cars sold from July to September. EV sales have now expanded for 13 straight quarters.
Electric vehicles accounted for 7.9% of total US auto sales in Q3, up from 6.1% a year ago and 7.2% in Q2.
EV sales surged 49.8% compared to last year, increasing 5% from the 298,039 sold in Q2. The data shows most automakers have picked up the pace significantly over the past year.
Volvo, Nissan, Mercedes-Benz, and Hyundai posted notable progress, with sales growing over 200%. The growth comes as new electric models hit the market. Over the past year, 14 new EVs have been introduced.
Higher inventory, more availability, and lower prices have also contributed to the growth. According to Cox Automotive, EV prices are down 22% over the last year, with a $50,683 average price paid in September.
The price cuts are led by Tesla, with prices down around 25% from last year. Last week, the Tesla Model 3 hit its lowest starting price ever at $38,880.
Joe Capitalist
Racism is a disease
According to Kelly Blue Book, US car buyers bought 313,086 battery EVs between the months of July and September 2023, compared to just 209,030 BEVs for the same three months of last year. That's a 50.1 percent increase, year on year.
The cumulative totals for all of 2023 so far are also looking healthy. KBB estimates that 873,082 BEVs have been bought this year, versus 586,965 for the first nine months of 2022. Add in about 2,800 FCEVs compared to around 1,000 last year, and clean vehicle sales grew 49 percent, year on year.
"At last check, we had 15 new EV models for sale that were not available a year earlier. Better choices and more options are helping push prices lower and drive higher sales," said Stephanie Valdez-Streaty, director of industry insights at Cox Automotive, which owns KBB.
The cumulative totals for all of 2023 so far are also looking healthy. KBB estimates that 873,082 BEVs have been bought this year, versus 586,965 for the first nine months of 2022. Add in about 2,800 FCEVs compared to around 1,000 last year, and clean vehicle sales grew 49 percent, year on year.
"At last check, we had 15 new EV models for sale that were not available a year earlier. Better choices and more options are helping push prices lower and drive higher sales," said Stephanie Valdez-Streaty, director of industry insights at Cox Automotive, which owns KBB.
QP!
Verified User
Gasoline (the higher the number 1-4, the more dangerous it is)
Lithium ion batteries and lithium
Lithium and lithium ion batteries are far, far more dangerous than gasoline...
And yet this is still true which is what matters...
Petrol and diesel cars 20 times more likely to catch fire than EVs
Joe Capitalist
Racism is a disease
Nope. You make back the difference in cost and maintenance quickly.
Joe Capitalist
Racism is a disease
My maintenance costs after 2.5 years: 0. That's zero as in nothing, nada, zilch.
No oil changes, no radiator flush, no transmission fluid...
Oh, wait. I did pay to have the wheels rotated and aligned after two years.
EV insurance rates are exploding as the real world costs become clear.