EVs still cost much more than gas cars to insure—even hybrids

2019 Tesla Model 3Electric vehicles continue to be vastly more expensive to insure than gasoline models, on average—hybrids included. According to Consumer Reports, citing national-average data from The Zebra, an insurance comparison tool, the Chevrolet Bolt EV costs slightly more to insure than the Toyota Prius or Hyundai Ioniq Blue hybrids. The Tesla Model...

Report: Michelin airless EV tires fit autonomy, law enforcement

GM, Michelin Uptis airless tire prototypeMichelin has been testing airless tires for years with an eye toward EV use. While they still aren't ready for production, executives believe they could be a good fit for autonomous vehicles and law enforcement. European police forces have expressed interest in airless tires because, unlike conventional pneumatic tires, they can't be shot out...

$2.5B boost may keep Vinfast moving despite IPO status

VinFast VF 8 PrototypeVinfast has secured additional funding pledges worth $2.5 billion, the company confirmed Wednesday. That may allow it to keep it moving smoothly ahead of its planned U.S. stock-market listing and past that timeframe. Of the new funding pledges, $1 billion will be provided as a non-refundable grant—the language used by the...

Costco has no plans to add EV charging as a traffic-driver

CostcoCostco was one of the first retail chains to offer EV charging, but it has no plans to bring it back. "It's not happening in the next few years," Costco CFO Richard Galanti said during a recent company earnings call, as cited by The Street, after being asked if he was concerned that EV mandates might make Costco's lucrative gas stations obsolete...

Tesla data: Model S/X go 88% of original range at 200,000 miles

2023 Tesla Model S  -  Courtesy of Tesla, Inc.On average, the Tesla Model S and Model X lose less than 12% of range after 200,000 miles. That figure comes from a slide in the automaker's just-released 2022 Impact Report, where Tesla also noted that it estimates most of its U.S.-market vehicles get scrapped when they reach that amount of mileage. In Europe, Tesla estimates most of its cars are...

US-bound Honda-developed EV due in 2025, ahead of schedule

Afeela electric sedan prototypeThe timeline has been pulled earlier for Honda’s first dedicated electric vehicle engineered in-house for high-volume production. That yet-unnamed mid- to large-sized EV built on “Honda’s original dedicated EV platform” will go on sale in 2025 for North America—stepped up from a targeted 2026—top Honda...