Will plug-in hybrids be plugged in, or will they add oil demand?

2025 Ram 1500 RamchargerThe global fleet of internal-combustion vehicles will peak in 2025, but plug-in hybrids may determine whether this leads to decreased oil demand, according to new analysis from Bloomberg New Energy Finance (BNEF). Sales of internal-combustion vehicles already peaked in 2017, and BNEF expects them to be 29% below that peak in 2027. While BNEF still...

Porsche app gives EV drivers access to 75% of compatible US chargers

Porsche Macan EV at ChargePoint chargerPorsche on Thursday announced an agreement in the U.S. with ChargePoint to include the network’s chargers in its My Porsche app starting in Q4 of this year. With the app and its coordinated Porsche Charging Service, the arrangement will bring the total number of supported chargers to more than 86,000, according to Porsche. That aggregated...

Feds: 90% of eligible EV purchases get tax credit at point of sale

2024 Honda PrologueThe majority of EV purchasers eligible for a federal tax credit have gotten the credit as a point-of-sale rebate since that option was added at the beginning of the year, The Treasury Department said in a press release. As part of a revamp of the federal EV credit enacted under the Inflation Reduction Act (IRA), credits of up to $7,500 for new EVs...