New pricing and sales data reveals that the average transaction price for EVs was $9,370 less in May 2023 than a year ago.
overall vehicle sales were up by 22 percent in May 2023 year over year
Vietnamese EV maker VinFast has launched a new after-sales policy today that will give eligible customers a service voucher or cash if their EVs break down. The policy is separate from the warranty program and is valid in the United States, Canada, and Vietnam.
The maker of the VF 8 electric crossover made a list of issues that are classified into three types (this applies to the US market):
> * Type 1 issues cause inconvenience(s) that do not impact the use of the vehicle. Eligible customers will receive USD 100 for each Type 1 issue they experience.
> * Type 2 issues render a vehicle inoperable. In addition to providing roadside assistance, VinFast will provide eligible customers with USD 300 for each Type 2 issue they experience.
> * Type 3 issues require a repair time of more than three days. From the fourth day onward, eligible customers will receive USD 100 for each additional day that their vehicle is being serviced by VinFast.
The Southeast Asian manufacturer adds that if Type 1 and Type 2 issues occur simultaneously, its support scheme will cover both. If a Type 3 issue were to occur as well, eligible customers would also be entitled to Type 3 support.
Volvo new low price crossover.
When it arrives in the US next summer, the China-made Volvo EX30 will become the brand’s most affordable model overall with a starting MSRP of $36,415 (including shipping). Currently, that title belongs to the gas-powered XC40, which starts at $37,645 (including shipping) in entry-level guise.
There are some key factors that allowed Volvo to offer a brand-new EV built on a dedicated architecture at such a low price. The main one is that it rides on parent company Geely’s Sustainable Experience Architecture (SEA) platform for small and compact vehicles, which underpins other EVs including the Smart #1, Zeekr X, and Smart #3.
As a result of sharing costs, Volvo expects the EX30 to help lift its operating profit margin to 8 to 10 percent by mid-decade from about 6 percent currently.
New out of warranty EV repair venture started. This service will definately is needed.
EV Service Pros is a fresh-faced firm founded by a former Tesla and Rivian employee aiming to tackle the difficulties in repairing EVs. In a press release, EV Service Pros stated, “There are currently over 500,000 out-of-warranty electric vehicles in the US, a number projected to grow to 1 million by 2026 and to at least 15 million by 2033.”
EV Service Pros is a startup that works with local service shops to train technicians, provide equipment, and supply replacement parts for electric cars. “Service providers often overlook the fact that they are already well-positioned to start working on EVs. By making moderate investments in equipment and providing EV-specific training to their skilled workforce, independent shops can broaden their customer base and proactively navigate the EV transition,” Xander Walker said.
The firm designates its partner centers into three tiers: Basic, Intermediate, and Advanced. Basic-rated shops can install tires, brakes, suspension, and aftermarket accessories. Intermediate shops can work on more complex projects, including HVAC, driver assist sensors, air suspension, and a suite of low-voltage components, like infotainment systems. The Advanced centers are able to work on everything, including high-voltage components like the traction battery and charging receptacles.
EV Service Pros currently works with nineteen centers across the United States. The company also works with the Advanced-rated Electrified Garage, based in Amesbury, Ma. Co-founded by Rich Benoit, Electrify Garage is well-known on Benoit’s YouTube channel, where he extensively documents repairs on salvaged Teslas and other EVs.
As of now, EV Service Pros primarily operates on Teslas, Chevrolet Bolts, and Nissan Leafs.
Lower operating costs. Most OEMs cite a range of four to eight hours of runtime for “average” use on electric compact equipment, with an eight-hour overnight charge. But there’s no idle on an electric machine, so an operator can get a day or more of productive work out of it. And that saves a lot of money that would have been spent on burning diesel while idling.
Lower maintenance costs. Piston engines have many friction-generating parts that fail. Electric construction equipment doesn’t have this problem.
Federal and state tax credits. Tax credits are bringing serious savings to the table for whole fleets. It’s vital that organizations learn which tax credits they qualify for in order to take full advantage of incentives to go electric.
Carbon credits and offsets. Carbon credits work like permission slips for emissions. When a company buys a carbon credit, usually from the government, it gains permission to generate one ton of CO2 emissions. When a company removes a unit of carbon from the atmosphere as part of their normal business activity, they can generate a carbon offset. Other companies can then purchase that carbon offset to reduce their own carbon footprint. But ultimately, it’s better to reduce emissions by going electric.
XPeng Motors’ City NGP Advanced Driver Assistance System (ADAS) is now available in the China’s capital city of Beijing – the first automaker to make the technology available. With today’s expansion, City NGP is already available in four of China’s largest cities as the EV automaker looks to cover dozens of additional territories later this year.