Tag: VinFast

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…

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…