From Volvo’s Hybrid Confusion to Rising EV Insurance Costs: Today’s Comprehensive Car News Roundup

Today's Automotive Updates: Review of Volvo's Plug-In Hybrid, EV Insurance Prices, Cable Theft, and Oil Industry Resistance

Electric vehicles continue to face higher insurance premiums. Thieves mistakenly view hefty EV charging cables as lucrative targets. The petroleum sector is voicing objections to EPA regulations and pursuing legal action. We also test drive Volvo's plug-in hybrid sedan to explore its transition towards electric vehicles. Find out more on these topics at Green Car Reports.

In an evaluation by Green Car Reports, the Volvo S60 Recharge, a plug-in hybrid, was noted for offering the best fuel efficiency and longest range among Volvo's PHEVs. However, the review mentioned that the vehicle seems to struggle with its hybrid identity, though it performs more effectively on electric power in crucial moments compared to its predecessors.

This past week, the oil sector contested the EPA's vehicular regulations, regulations that had been previously relaxed for light trucks compared to initial suggestions. Motivated by regulations that favor plug-in vehicles and largely overlook ethanol, the American Petroleum Institute argues that these regulations essentially impose a mandate on electric vehicles (although officially, they do not). The sector's stronger opposition this time around, especially in an election year, appears to be strategically timed.

Recent findings from the insurance sector highlight an emerging challenge for electric vehicle (EV) owners: higher insurance costs. According to a recent risk report by LexisNexis for the year 2023, the report does not specify the reasons but notes that electric vehicles experience a 17% increase in claim frequency and a 34% increase in claim severity (in terms of cost) compared to conventional vehicles.

According to a recent analysis by the Associated Press, which examined crime data and consulted with charging network operators, thick cables used in commercial electric vehicle chargers are increasingly being targeted by thieves. This issue has caused considerable inconvenience for EV owners and has resulted in substantial repair expenses for charging providers. Replacing each stolen cable can cost around $1,000, even though they only include about $15 worth of copper that is difficult to remove.

Certainly! Please provide

Stay updated with Green Car Reports by following us on Facebook and Twitter.

—

Labels:

Participate:

Distribute This Story:

Contact the editor:

Stay Updated:

Green Vehicle Digest

Subscribe to receive the newest updates on eco-friendly vehicles and environmental topics straight to your email every day!

—

I consent to receiving email communications from Green Car Reports. I am aware that I have the option to opt out at any moment. Privacy Policy.

Charging cables for devices largely use copper, which is currently experiencing unprecedented high prices.

Oil corporations are challenging the Environmental Protection Agency's regulations, which had already eased the fuel economy requirements for trucks and SUVs compared to initial proposals.

The straightforward yet disconcerting truth is that electric vehicles (EVs) are proving to be quite costly for insurers, both in terms of the number of claims and the intensity of those

The 2024 Volvo S60 Recharge, a plug-in hybrid, initially seems confused about whether electric or traditional power takes the lead, but ultimately demonstrates a preference for electric propulsion.

The E-Tron GT continues to match the pace of the Porsche Taycan, aiming to enhance its reputation as Audi's most potent vehicle with improved performance on the highways.

Volvo has discontinued its most fuel-efficient hybrid model. Kia is considering Mexico as a potential location to manufacture its new budget-friendly electric vehicle. Fisker has failed with its Ocean model. Additionally, why aren't Americans driving their electric vehicles more frequently? We'll discuss these topics and more here at Green Car Reports. The American electric vehicle startup Fisker has declared bankruptcy…

The reasons behind the United States deviating from common trends in numerous electric vehicle markets remain uncertain, though low gasoline prices and concerns over charging infrastructure might play significant roles.

Fisker's holdings are set to be sold following the firm's bankruptcy declaration earlier this week.

Kia might choose Mexico as the location to concentrate on its EV3 compact electric crossover, attracted by the low cost and eligibility for EV tax credits.

Volvo has confirmed that production of the U.S. versions of the S60 sedan, including the high-efficiency, long-range S60 Recharge plug-in hybrid, will cease in South Carolina and the models will no longer be imported into the United States.

Last week, Tesla shareholders were abuzz with updates on products and battery developments. Meanwhile, despite the ongoing argument that electric vehicles (EVs) are too expensive, the prices of new EVs are becoming more stable and the market for used EVs has seen a significant drop in prices. Stay tuned for more from Green Car Reports. We…

Associated Content

Top Picks

Image Gallery

Updates

Press

Feeds

Organization

Connect With Us Now: