VinFast shows strong commitment despite facing many challenges

According to AP News Agency (USA), the Vietnamese electric car brand believes that it can confidently succeed everywhere if it conquers the fiercely competitive US auto market. Many promises and also many challenges On a global scale, total sales in the last two quarters are 19,562 vehicles, while the company has a goal of delivering 50,000 vehicles this year. In an interview with AP, Ms. Le Thi Thu Thuy – VinFast Global General Director said that the US is a fiercely competitive market. However, VinFast is committed to accompanying the wave of countries making efforts to convert to electric vehicles to reduce emissions. “Prioritizing the US market is a deliberate decision by VinFast, even though the company faces strict regulations here,” VinFast CEO said. “We want to build credibility in this challenging market. Our reason is very simple, customers will trust VinFast if it is successful in the US market. To some extent, this will be a “stamp of confirmation” for VinFast’s success even though achieving this is not really easy,” AP news agency quoted Ms. Thuy as saying. Regarding how to enter the US market, VinFast CEO shared: “We realize that the trend of converting to electric vehicles is…

Charging station – a utility attached to real estate in the US

For office buildings and apartment buildings in the US, electric vehicle charging stations can be an important factor determining the occupancy rate of projects. Apartments lack appeal without charging stations In its analysis of the “race” for charging stations in apartment and office projects, the Los Angeles Times cited a story about a $350 million apartment building in downtown Los Angeles. Before official construction, project director Hamid Behdad said he had to “give in” to a last-minute request from the planning board members – quadrupling the number of electric vehicle charging stations at the tower. apartment. Although he agreed with the above plan, at that time, Hamid Behdad believed that it was “an excessive request”. But now that the tower on Broadway is complete and attractive to buyers, Hamid Behdad admitted he is glad that planning board members forced the project to install charging stations at more than 20% of parking locations. building car. “Without these 90 chargers, we would have real difficulty selling apartments here,” Hamid Behdad said. In many US cities, owners of apartment projects are racing to install charging stations to avoid business troubles. With growing demand from home buyers and renters, projects with full charging stations…

VinFast’s Electric Vehicle Revolution: Supercharging Your Drive

For electric vehicles to become widely used and to hasten the shift to a more sustainable transportation system, accessible charging is essential. Global sources state that as of the end of 2022, there were 2.7 million public charging stations built worldwide, with over 900,000 of those being added in 2022 alone—a 55% increase over the number installed in 2021. VinFast is enhancing the expansion of public chargers with choices to make the charging procedure as simple and effective as possible, in response to the growing demand for electric vehicles (EVs) among drivers who care about the environment. VinFast has improved for a more comprehensively practical customer experience. At-Home Power Supply Since home charging is so dependable and convenient, it’s probably the first choice that comes to mind for EV enthusiasts. The home charging solution from VinFast is made to be user-friendly and efficient. It guarantees quick charging for electric and hybrid cars by offering charging speeds that are far faster than those of a typical 120V wall outlet. The charging system uses the SAE J1772, a universal connector that is widely used in North American automobiles. Additionally, the brand promises clever features that will soon be available via the VinFast…

Luxury Comes Standard with VinFast: 3 Features VinFast Offers that Other Brands Charge You For

80% of Americans weigh costs before making a car purchase, and it’s no secret that unstated expenses may quickly transform a great offer into a financial nightmare. These hidden costs, which range from costly add-ons to unforeseen maintenance costs, can shock and strain the finances of prospective automobile owners. On the other hand, VinFast, has adopted a novel strategy in the field of automotive excellence by providing a number of standard luxury amenities in its high-end electric SUVs. VinFast offers an extensive range of features and services in their electric SUVs, which are rated for 264 miles and have access to 90% of the charging station network. This guarantees hassle-free ownership and a premium driving experience without the extra fees usually associated with luxury brands. With VinFast, you really get what you see. Le Thi Thu Thuy, the CEO of VinFast Global, highlighted three premium features that come standard on all VinFast vehicles and are available at no extra cost when talking about the aspects that set VinFast apart from rivals. ADAS Incorporated Advanced Driver Assistance Systems (ADAS) is one noteworthy development that has garnered a lot of popularity as technology continues to alter the automotive industry. With its potential…

VinFast Transforms Electric Vehicle Charging

Leading electric car maker VinFast provides easy ways to charge, including a home charger that can be used anywhere and an app that gives users access to over 110,000 charging stations. Their EVs include quick level 3 DC Fast Charging, which allows for a hassle-free charging experience and a 70% charge in 31 minutes. The infrastructure for charging electric vehicles and the convenience of doing so are among the most frequent worries expressed by prospective owners. One of the leading companies in the electric car space, VinFast, is leading the charge in resolving these issues. VinFast prioritizes a smooth client experience with their cutting-edge technology, providing simple charging alternatives for both at-home and on-the-go use. Their models can travel over 200 miles on a single charge on average. Free of Charge Public Transportation Public charging stations are opening up quickly and will keep doing so since, according to PwC, the EV charging industry will need to expand by almost 10 times in order to meet the needs of the anticipated 27 million EVs that will be on the road by 2030. In order to achieve its target of 5 million zero-emission vehicles on the road by the same year, California…

Why effective battery recycling will soon be required, and why future-proof battery designs should be the main priority 

Not only is the battery market one of the biggest in the world, but it is also the one with the biggest growth potential. In 2020, there were 185GWh of batteries available globally. Many reliable sources predict that the market would grow tenfold in less than a decade. A CAGR of almost 27% is projected for the years 2020 to 2030, resulting in a market volume of 2035 GWh for batteries by that time.  However, the recently disclosed data by SNE Research, which rated the overall market volume to 296,62GWh in 2021, which is almost 6% above the predicted demand in 2021, tends to make these numbers look too conversational.  The primary engine for the anticipated expansion is the transportation sector, which also includes the vital EV passenger car market. When commercial EVs are included, the demand for batteries is projected to increase from 100GWh in 2020 to over 1700GWh in 2030. The large growth in demand puts a lot of strain on battery suppliers, who must quickly expand their capacity to produce affordable traction batteries, particularly in Europe.   Since EVs require charging, the overall energy demand will rise sharply as the number of EVs increases. Peak shaving or buffer…

This US city has banned the construction of new gas stations due to the increase in electric vehicles

At least two electric vehicle chargers must be installed at every new gas stations that are constructed. A US city has decided to prohibit the opening of new gas stations due to politicians’ “obligation” to address climate change.  There are currently five stations in Lousiville, Colorado, a town of about 21,000 inhabitants close to Denver. Although a sixth was just authorized, it might be the city’s final one.  As per the latest municipal legislation, it may be inferred that prohibiting gasoline stations could potentially encourage the adoption of electric vehicles (EVs) which would lower vehicle emissions and promote the use of cleaner, low-carbon energy choices for transportation.  It goes on to say that the reason a cap on gas stations rather than a complete ban is being considered is that demand will persist as more electric vehicles are gradually introduced.  According to the law, all new gas stations that are given a waiver from the prohibition or those that undergo modifications must also install two electric vehicle chargers. Additionally, they must be separated from current ones by at least 1000 feet, or little over 300 meters.  The building of new gas stations was prohibited until September 2023 by an emergency…

Colorado adopts California’s EV regulations in part, but falls short of the 2035 prohibition

A new Colorado Clean Car rule, which generally mirrors California’s “Advanced Clean Cars 2” law but stops short of establishing a 2035 deadline for 100% EV sales, was overwhelmingly passed by the Air Quality Control Commission of Colorado.   By 2035, all new cars sold in California will be electric vehicles, according to a rule that was finalized last year. Between now and 2035, the rule aims to increase the percentage of new EV sales, with 100% ZEV and PHEV sales by that time.   Given that California is the US state with the highest EV adoption rate (and could probably stand to exclude PHEVs as well), we remarked at the time (and still do) that this deadline could have been accelerated for the Golden State. The California Air Resources Board argued that by adopting a more liberal standard, other states would be more likely to follow suit and form a larger group of states that could drive the auto industry in the right direction.   Several additional states, including New York, Washington, Oregon, Vermont, Massachusetts, Rhode Island, New Jersey, and Maryland, have thus far accepted the regulation. Even better, Washington has chosen 2030 as the target year rather than 2035.   Colorado joined…

Here’s how the EV tax credit will change to an instant dealership reimbursement in 2024. 

The U.S. Treasury Department announced in a press release on Friday that the federal EV tax credit will change to a point-of-sale dealership refund in 2024, providing customers immediate access to the benefit.  Currently, customers must wait to submit their taxes before claiming the credit, which is up to $7,500 for new cars and $4,000 for used cars. As part of the overhaul of the EV tax credit under the Inflation Reduction Act (IRA), EV purchasers will be able to collect their credit at the dealership beginning on Jan. 1, 2024.  The Inflation Reduction Act, according to Laurel Blatchford, chief implementation officer for the IRA, “allows consumers to reduce the upfront cost of a clean vehicle for the first time.” “The IRS has focused on streaming this process for car dealers as part of its commitment to improving service and helping taxpayers claim the credits they are eligible for.”   To be qualified to offer the credit at the point of sale, merchants must first register with the IRS. Additionally, buyers must certify that they fall under the IRA’s income restrictions; otherwise, they will be required to repay the credit the following year when they submit their taxes. For married couples…

Electric vehicles save you money – View average savings in your City in California 

Electric vehicles are less expensive to fuel than their gasoline-powered equivalents nationwide, regardless of where you plug them in. In the 50 largest US cities, every power supplier offers a pricing plan that makes using electricity less expensive than using gasoline, resulting in a median annual savings of almost $770.  You may save money on maintenance by driving an electric car. Battery electric vehicles (battery EVs) do not have gasoline engines, require no normal maintenance, and do not require replacement of timing belts, spark plugs, or oil. When compared to a gasoline-powered equivalent of their vehicle, these lower maintenance costs can save an EV owner over $1,500 over the course of the vehicle’s lifetime. Below is specific information about average savings in some major cities in California.  Findings   Depending on the electricity provider, the electricity rate plan selected, and the local gas prices, the annual savings can range from $440 to over $1,070.  Many electricity providers provide cost-effective off-peak, time-of-use options for EV users.  Most EV owners charge their cars overnight while they are parked at home, which frequently coincides with periods of decreased total electricity demand. During these periods, several utilities provide discounted rates. Off-peak, time-of-use rates range from…