US advances in EV preparedness, Norway and China take the lead

China maintains its dominating lead in the most recent EY Electric Vehicle Country Readiness Index, with Norway not far behind. Notably, the United States has advanced significantly to take the third position, demonstrating the speeding up of the switch to electric mobility globally. China holds its position as the top country ready for an electric future and continues to drive the global electric vehicle (EV) boom. The massive investment in battery manufacture (which will account for 74% of all worldwide investment in 2022), skyrocketing consumer demand (58% of Chinese customers want to purchase an EV in the near future), and robust charging infrastructure are the main forces behind this supremacy. The world’s largest EV market by volume is still China. Norway, a pioneer in EV adoption, continues to rank as the country with the second-highest level of EV readiness. Due to significant subsidies and a high GDP per capita, the nation has an astounding 81% adoption rate of EVs, making them accessible to the general public. In addition, between 2022 and 2027, 83% of new cars in Norway will be electric. The United States moved up to third place, jumping from eighth. This quick rise is linked to advancements in…

EVs at the forefront of Fortune’s ‘Change the World’ list 

Fortune’s ‘Change the World’ list places extra weight on how corporations are addressing social issues and cutting down on their environmental impact.And this year, EV is in the forefront. It demonstrates the increasing recognition of electric vehicles (EVs) as a significant force in driving positive change. Being featured on Fortune’s “Change the World” list is a testament to the transformative potential of EVs and their impact on various aspects of society.  The prominence of EVs on this list signifies their ability to address pressing environmental concerns such as mitigating climate change and reducing air pollution. With zero tailpipe emissions, EVs offer a cleaner alternative to traditional combustion engine vehicles, helping to combat global warming and improve air quality in urban areas.  Moreover, EVs contribute to sustainable development by reducing reliance on fossil fuels. By embracing renewable energy sources, EV owners can maximize their positive impact on the environment and transition towards a greener and more sustainable transportation ecosystem.  Furthermore, the growing popularity of EVs stimulates innovation, job creation, and economic growth. The shift towards electric mobility has led to advancements in battery technology, charging infrastructure, and related industries. As a result, it fosters new business opportunities and employment prospects in…

[Photo Contest] EMBRACE YOUR TIMELESS MEMORIES WITH THE VINFAST

VinFast US always cherishes the eternal values of life: Family & Friends. VinFast is very honored to be able to along with you and your eternal values on every journey around America. We look forward to seeing and preserving the wonderful moments of you with your family and friends on a VinFast EV.  We invite you to share your best photo that highlight you and your loved ones moments with VinFast and your story behind.  Time: 07.10.2023 – 31.10.2023 How to Join:  Join the VinFast US forum  Create a new post in “Lifestyle” Categories Title the post is the title of your photo. Attach your photo(s) to the post with caption about photo moment or the things you like most about VinFast and hashtag #VinFast #MyVinFastMoment *Copyright: By submitting your photo, you grant VinFast US the right to use the image for promotional purposes. After the submission deadline, VinFast US Team will review all photos with its stories to select the 3 best photos.  Prizes:  1st Place: $300 gift card 2nd Place: $200 gift card   3rd Place: $100 gift card   Special Prizes:  01 Community Choice Award: $200   *Total reactions and comments of your post  20 FCFS prizes – Front Door…

[Photo Contest] EMBRACE YOUR TIMELESS MEMORIES WITH THE VINFAST

VinFast US always cherishes the eternal values of life: Family & Friends. VinFast US is very honored to be able to along with you and your eternal values on every journey around America. We look forward to seeing and preserving the wonderful moments of you with your family and friends on a VinFast EV.  We invite you to share your best photo that highlight you and your loved ones moments with VinFast and your story behind.  Time: 07.10.2023 – 31.10.2023 How to Join: Join the VinFast US forum  Create a new post in “Lifestyle” Categories Title your post with your photo title Attach your photo(s) to the post with caption about photo moment or the things you like most about VinFast and hashtag #VinFast #MyVinFastMoment * Please remember, by entering, you grant us the right to use your images for promotional purposes. After the submission deadline, VinFast US Team will review all photos with its stories to select the 3 best photos.  Prizes: 1st Place: $300 gift card 2nd Place: $200 gift card   3rd Place: $100 gift card   Special Prizes: 01 Community Choice Award: $200   *Total reactions and comments of your post  First 20 Submissions: Front Door Delivery Surprise Gifts! Join us in preserving your treasured memories on every American journey.  …

Can EVs and solar save the world? The IEA thinks so 

The International Energy Agency (IEA) believes that electric vehicles (EVs) and solar power have the potential to contribute significantly to reducing greenhouse gas emissions and addressing climate change. Here are some key points regarding their view in 2023 Net Zero Roadmap:  Electric Vehicles (EVs): EVs offer a cleaner alternative to traditional gasoline-powered cars, as they produce zero tailpipe emissions. By replacing conventional vehicles with EVs, we can reduce air pollution and decrease our dependence on fossil fuels.  Climate Change Mitigation: The transportation sector is a significant contributor to global carbon dioxide emissions. Switching to EVs powered by renewable energy sources could help decarbonize this sector and reduce its impact on climate change.  Renewable Energy Transition: Solar power is one of the most abundant renewable energy sources available. By adopting solar technology for electricity generation, we can reduce reliance on fossil fuel-based power plants, which currently contribute to a substantial portion of global CO2 emissions.  Synergistic Effects: Combining EVs with solar power creates synergistic effects. EV owners can charge their vehicles using solar panels at home or at public charging stations powered by solar energy. This integration helps reduce overall carbon emissions from both the transportation and electricity sectors.  Energy Storage…

US Added Over 188K EV-Related Jobs In Recent Years, Include Vingroup (Parent company of VinFast)

In the last few years, automakers have embarked on a factory-building boom in the US thanks to friendly EV policies and generous federal and state subsidies. A new interactive map points to where EV investments are exactly concentrated while also highlighting the subsequent number of jobs created. In recent years, $154 billion worth of EV investments have generated 188,000 jobs, according to Blue Green Alliance Foundation and Atlas Public Policy’s data. The majority of the jobs and investments appear to be concentrated in the mid-west and the south, with EV-related economic activity also spreading to the east and west coasts. From a total of 319 facilities, 32 percent are located among disadvantaged communities, potentially boosting local economies, and opening up rural employment opportunities. Moreover, 25 percent of the facilities are unionized, more than double the US average of 10 percent, as per the Bureau of Labor Statistics. The data also showcases the rise of EV-related jobs over the years. In 2010, just three facilities accounted for 2,700 jobs. Since then, the figure has soared to nearly 80,000 jobs added in 2022 alone from 101 facilities. Vingroup (VinFast’s parent company) ranked 8th with 7.5k new EV jobs. The states with leading…

38% Of American Cars Were Electric In 1900 – What about in the future?

In our modern era, we may assume that electric cars are new technology.  But there was a period in America a long time ago when about 30% of all cars were electric.  Starting point of Electric Vehicle history In 1898, Dr. Ferdinand Porsche, when 23 years old, built his first car, and it was the Lohner Electric Chaise. Also in 1898, Count Gaston de Chasseloup-Laubat of Paris set a world speed record in a car, which happened to be in his electric Jeantaud. The speed record was 39.245 mph (62.8 km/h), but that was crushed a few days later by another electric car that went 65.79 mph (105.88 km/h). First electric cars  (1830-1880) By 1900, in the United States, 38% of US automobiles, 33,842 cars, were powered by electricity (40% were powered by steam, and 22% by gasoline). This information might sound like some crackpot Internet hoax, but if you look at the sources, you can easily see they are credible. The US Dept. of Energy’s page on the history of the electric car states, “By 1900, electric cars were at their heyday, accounting for around a third of all vehicles on the road. During the next 10 years, they…

6 interesting facts about EV and Pros-Cons you should know 

Electric vehicles are not a passing trend; they become more affordable each year and consumers are becoming more comfortable with the idea of plugging in instead of fueling up. A recent survey found that some interesting electric car facts:  The first electric vehicle was created in 1832. (Energy.gov)  An EV would cost only $1.22 in energy to travel the same distance as a gallon of gas, which currently averages $3.83. (Energy.gov, AAA)  The majority of EV car sales are in three markets: China, Europe and the United States. China leads the way with 60 percent of EV car sales globally. (IEA)  EV car usage is on target to avoid the use of 5 million barrels of oil per day by 2030 (IEA)  77 percent of people who want to purchase an electric vehicle cite saving money on gas as the primary reason. (AAA)  More than one-third of Americans would “definitely” or “seriously consider buying an electric vehicle if they were to purchase a new car today (Consumer Reports).  Pros and cons of electric cars  Electric vehicles have come a long way in the last few years, but still have much more room for improvement. In addition to the electric car…

The fire rate of electric vehicles is 61 times lower than that of gasoline vehicles

Only 25 out of 100,000 all-electric vehicles are likely to catch fire, compared to more than 1,500 gasoline vehicles and nearly 3,500 hybrid vehicles, according to research from National Transportation Safety Board data. American National Institute (NTSB). The rate of electric vehicles burning is extremely low The recent study was conducted by AutoInsuranceEZ, an American insurance company, based on data from the National Transportation Safety Board (NTSB), Bureau of Transportation Statistics (BTS) and recall data. According to the US Government, vehicles with internal combustion engines have a significantly higher number of fires than fully electric vehicles. Accordingly, battery electric vehicles have only a 0.025% chance of catching fire, compared to 1.5% for internal combustion engine vehicles and 3.4% for hybrid vehicles. The study revealed that petrol and diesel vehicles experienced 1,530 fires per 100,000 vehicles, while only 25 out of 100,000 all-electric vehicles caught fire. This means that the fire rate of electric vehicles is only 1/61 compared to cars using gasoline and oil. In an interview with Forbes earlier this year, Richard Billyeald, CTO of Thatcham Research – the leading auto and motorbike insurance research center in the UK, said that electric vehicles generally have a lower risk of…

Electric-vehicle buyers demand new experiences – Opportunity for EV brands as VinFast to develop

Source: Mckinsey Research – Electric-vehicle buyers demand new experiences  Consumer attitudes toward electric vehicles are changing fast—and so are expectations of the car-purchasing experience. When buying an electric vehicle, consumers want an experience that matches their expectations of the car itself. That is, something exciting and innovative but also reliable and predictable. They expect to both transact online and negotiate with a real person, and they still need to take a test drive. However, the overall experience needs to be more seamless, more personalized, and more flexible than it was in the days of forecourt walkarounds. These are some of the findings of McKinsey’s latest Future of Auto Retail consumer survey, which polled more than 4,000 respondents globally, focusing on consumer sentiment around electrification, the car-purchasing experience, and innovations in automotive retail. The findings show that consumers expect an excellent experience but are not always sure that the industry is ready to meet their needs. In this article, we show how growth in demand for electric vehicles (EVs) is shaping the automotive retail journey. While consumers enjoy digital interactions, they are concerned about factors including opaque pricing, complexity in the configuration process, and variability between dealer offerings. When it comes…