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Why Are Interest Rates on EV Loans Higher

Top Reasons For High Interest Rates On EV Loans

While there are numerous reports regarding the promotional government policies for mass EV adoption, the financial institutions are not exactly on the same page due to some specific reasons. If you ever went to a financial institution to apply for EV loans, you would know that the interest rates are generally high. In fact, they are not just higher than the on ICE cars, but the repayment tenures are also shorter. An intriguing report published in SSRN dives deep into the specifics on how the terms and conditions of EV loans compare to the loans for regular cars. This study analysed the data of 15 million car loans in 11 European countries between January 2010 and August 2021. The findings are surprising, to say the least! You might also like: Are EVs With 1000 km Range Still A Distant Reality? High Interest Rates On EV Loans This report is co-authored by Jan Bena (University of British Columbia), Bo Bian (University of British Columbia) and Huan Tang (University of Pennsylvania) and titled “Financing the Global Shift to Electric Mobility“. The financing patterns that are present in this report are valid for Europe but the authors found the same trends in the USA as well. The crux of the findings was that, “compared to non-electric models in the same car family, EVs are financed with higher interest rates, lower loan-to-value ratios and shorter loan durations. That “financing gap” occurs because lenders price in the risks they perceive in obsolescence caused by rapid advances in EV technology.” The chief reasons for this are: You might also like: Are EVs Really More Troublesome Than Non-Plug-In Hybrid Cars? Learn Electric Cars Says The findings of this thoroughly extensive report are quite surprising. It helps us perceive different challenges to mass EV adoption than the ones we are often used to hearing. Interestingly, not much is being discussed about the financing side of adopting EVs apart from the initial prices, running costs and the battery costs. This report brings to light the challenges associated with getting a new EV financed. With more such information coming out, we hope that the governments will look into the economics of owning EVs from this perspective too.

Top 5 Reasons Why EV Sales Are Rapidly Rising

19 Comments / Featured / By LEC Team

All of the biggest global markets experienced a massive surge in EVs sales in 2023 in comparison to the year prior to that. While it might seem obvious, but we shall dive deep into the 5 prominent reasons why EV sales are rising globally. There are various aspects to decipher this situation. EV technology is still in its infancy. Therefore, a natural progression is meant to be there. Also, there are hardly any other feasible mass market options available to achieve carbon neutrality and reduce dependence of coal-burning fossil fuels. Electrification is the widely accepted norm to reduce vehicular pollution and create a positive impact on the environment in the mobility domain. Now, there are innumerable challenges associated with it. Despite that, it looks like the only viable and widely applicable solution out there at the moment. Therefore, we understand both sides of the argument regarding the mass adoption of EVs. But the following points have worked in favor of electric cars. You might also like: Are EVs Really More Troublesome Than Non-Plug-In Hybrid Cars? 5 Reasons For Rising EV Sales Development Of Charging Infrastructure Charging infrastructure is the single biggest concern among potential EV buyers today. In fact, it has been the point of contention since the inception of this EV revolution. However, in recent times, carmakers, private players and governments have been working in tandem to create the entire ecosystem around charging infrastructure rapidly across the globe. That has boosted the EV sales significantly as people get more comfortable driving on long journeys knowing that a charging station will be in the vicinity at most times. Still, one must plan ahead! New Models From Carmakers In comparison to just a couple of years ago, there are substantially more EV models on sale today. Again, that is true for all major international markets. There are primarily two approaches car companies are adopting – converting the existing ICE cars into EVs without charging the architecture and other components, OR, creating new EVs from the scratch on a dedicated bespoke platform. In any case, the EV portfolios of major car marques are much more diverse today, than a couple of years ago. Hence, the potential car buyers have much more options at their disposal. That is a huge reason why EV sales are rising lately. You might also like: Nyobolt Battery Can Charge Fully In Just 6 Minutes Affordability Another critical factor hindering mass adoption of EVs is, and has been, the price. EVs are typically 1.5 times more expensive than a comparable ICE car. This is due to the high costs of the batteries, which constitute around 40% of an EV’s total cost. As per the data from Statista, EV batteries used to cost an average of $780 per kWh in 2013. This has drastically reduced to just $139 per kWh in 2023. Hence, one could evidently witness such a huge drop in battery price in a matter of a decade. We can only assume what would happen in the coming decade. A price of under $100 per kWh will be ideal for mass adoption. Tackling Range Anxiety With every new technology, there is an initial hesitation in mass adoption. That is particularly true with EVs since they are the medium of transportation. If anything goes wrong, EV owners can potentially be left stranded on the road. Hence, most people thought that extremely long range is needed in electric cars. However, as people get more used to living with EVs, their behavior and habits change. They now understand that fast charging times and availability of charging stations can be a great substitute for colossal batteries offering astronomically long range figures. New EV Battery Technologies Finally, another notable reason why EV sales are rising so sharply is the introduction of new EV battery technologies. Now, car companies and battery manufacturers are investing heavily into making the batteries better in terms of efficiency, charging times, cell chemistry (components) and energy density. All these combined, modern EVs are significantly more efficient in contrast to the EVs of, let’s say, a few years ago. With the passage of time and more R&D in this space, future EVs promise to be even more efficient. You might also like: Silicone Anode Holds Immense Potential For Next-Gen EV Batteries Learn Electric Cars Says In spite of the challenges with the mass adoption of EVs, more and more people are embracing them. With many large economies already announcing ambitious plans to reduce their carbon footprint and get rid of internal combustion engines in the coming decades, electrification of mobility looks like the only alternate path. The prices of gasoline and diesel are constantly rising too. At the same time, the EV battery prices are getting lower. This is bound to result in a wider EV adoption across the board in times to come.

EVs are more problematic than hybrid and gasoline cars

Are EVs Really More Troublesome Than Non-Plug-In Hybrid Cars?

23 Comments / Featured / By LEC Team

A 2024 Vehicle Dependability Study by J.D. Power found that EVs and plug-in hybrids encounter more problems than hybrid and gasoline cars. In an intriguing J.D. Power report, it was concluded that EVs and plug-in hybrids can be more troublesome than non-plug-in hybrid and gasoline cars. However, the reason is not the powertrains but the infrastructure surrounding them. Among various car categories, electric cars, electric SUVs and electric pickup trucks are the least-reliable categories which were a part of this survey. Here are the detailed findings of this report. You might also like: Tesla Cybertruck vs Porsche 911 Turbo S Drag Race – Guess Who Wins EVs More Troublesome Than Non-Plug-In Hybrid Cars This report takes into consideration the ownership experience of the first three years. That is a fairly substantial time period for people to know the intricacies of their vehicles. The results were quite surprising. EV owners reported 256 problems per 100 vehicles, while plug-in hybrid car owners had to face 216 problems per 100 vehicles. On the other end of the spectrum, the non-plug-in hybrid cars scored a relatively better 191 problems per 100 vehicles, whereas the gasoline cars encountered 187 problems per 100 vehicles. Interestingly, infotainment problems and annoyance with driver-assist alerts were among the most prevalent issues with EV car owners. You might also like: Nyobolt Battery Can Charge Fully In Just 6 Minutes Unique Problem With EVs While the issues pertaining to the infotainment and driver-assist functions were well-established even last year, a new problem has appeared which is bothering the EV owners the most. Due to the significantly heavier weight of the EVs, 39% owners reported replacing the tires within the last 12 months which is 19 percentage points higher than gasoline cars. That is the new finding on this report and something that the potential EV buyers should keep in mind. You might also like: Hyundai To Launch New EV Brand In China; Plans 5 EVs In 3 Years Learn Electric Cars Says Even though the sales of EVs across the globe is at an all-time high and the adoption is taking place at an unprecedented rate, we are still at a relatively nascent stage of mass adoption in the long run. As EV owners spend more time with their vehicles, many new aspects regarding the ownership experience will come to light. These could be positive, as well as negative. But it is great to know these prior to making the decision to go electric.

Tesla Cybertruck vs Porsche 911 Turbo S Drag Race – Guess Who Wins

21 Comments / Featured / By LEC Team

We have seen the viral video of the Tesla Cybertruck drag racing a regular Porsche 911 carrying a Porsche 911 in its cargo. Well, things are a bit more ‘comparable’ this time around! This drag race competition between a Tesla Cybertruck and Porsche 911 Turbo S is intriguing. Drag races are common among automobile content creators around the globe. In essence, these compare the real-life acceleration of vehicles in a straight line. However, we won’t recommend our readers to try them. These content creators (well, most of them) exercise safety precautions to ensure the health of their cars, as well as everyone around. Therefore, please refrain from performing such stunts on your own. For now, let us check out who comes out on top on this occasion. You might also like: Rivian R1T Modified For Off-Road w/ 38-inch Tires, 350 mi Range Tesla Cybertruck vs Porsche 911 Turbo S Drag Race This exhilarating competition has been conducted and documented by Throttle House on YouTube. The duo is on a drag strip with these special automobiles. On one hand, the Cycbertruck, in the Cyberbeast mode, is one of the quickest and the most capable electric trucks on the planet. On the other, the Porsche 911 Turbo S is a benchmark when it comes to hard-accelerating sportscars. Hence, a race between these two would excite any automobile aficionado in the world. On the count of three, both drivers press the accelerator as hard as they could. At the launch, it looked like the 911 lagged slightly as the Cybertruck zoomed past it. However, as the speeds got higher, the Porsche was getting into its own. In fact, that is when the electric pickup truck encountered massive drag due to its size despite the company claiming its aerodynamic efficiency. As a result, the German performance car was able to overtake the American EV and emerge victorious quite convincingly. At high speeds, the electric pickup truck just stands no chance. Thereafter, the duo also decided to conduct a rolling acceleration test. It followed the same trajectory as the regular drag race. The EV took the lead briefly until the drag resistance created an issue. That is when the Porsche overtook it yet again. Just like before, the 911 Turbo S emerged as the undisputed winner of this competition. In any case, credit must be given to the colossal Cybertruck for keeping up with one of the fastest vehicles in the world for such a long time. You might also like: Wheel Cover Of Tesla Cybertruck Has A Unique Problem Specs Comparison The Tesla Cybertruck in this race was in its top-of-the-line iteration with a tri-motor setup generating a mammoth 845 hp (630 kW) of peak power. The wheel torque is a whopping 10,296 lb ft (13,969 Nm). It weighs 6,843 lbs (3,104 kg). On the other hand, the Porsche 911 Turbo S has a 3.7-liter twin-turbo flat-six mill which churns out a colossal 640 hp (478 kW) and 590 lb ft (800 Nm) of peak power and torque. The sportscar weighs in at 3,616 lbs (1,640 kg). Specs Comparison Tesla Cybertruck Porsche 911 Turbo S Engine Tri-Motor AWD 3.7L twin-turbo flat-six AWD Power 845 hp (630 kW) 640 hp (478 kW) Torque 10,296 lb ft (13,969 Nm) – Wheel 590 lb ft (800 Nm) Weight 6,843 lbs (3,104 kg) 3,616 lbs (1,640 kg) Specs You might also like: MWM Spartan EV 2.0 Offers G-Wagon-Like Capabilities Based On Indian Force Gurkha Learn Electric Cars Says Now, while drag races can be a bit subjective every time, this one seemed reasonable. The fact that the front fascia of the Cybertruck is flat and large, is bound to pose a problem to the aerodynamic efficiency at high speeds. Still, to compete with a drag monster like the Porsche 911 Turbo S is no mean feat. Hence, even though the Cybertruck lost this race, it definitely won the respect of everyone watching. Finally, we would again like to caution our readers to never attempt such drag races with your own cars. Stay safe and prioritize your safety!

Modified Rivian R1T Front Three Quarters

Rivian R1T Modified For Off-Road w/ 38-inch Tires, 350 mi Range

15 Comments / Featured / By LEC Team

As the popularity and demand for electric pickup trucks surge, aftermarket car modification houses are coming up with enticing ways to customize them thoroughly. The Rivian R1T electric pickup truck has been aptly modified for off-road use by a prominent truck specialist. This reminds us of all sorts of modified diesel pickup trucks in the past. We are at a point where there are enough electric pickup trucks on the roads that their owners are looking for ways to customize them as per their needs. Rivian is a major American EV startup which develops electric pickups and SUVs for relatively hardcore applications. Let us glance at all the details on the R1T in this blog post. You might also like: Nyobolt Battery Can Charge Fully In Just 6 Minutes Rivian R1T Modified For Off-Road The visuals of this uniquely altered Rivian truck stem from South Florida Jeeps on YouTube. They capture the modified electric pickup truck in real-world conditions. It has been put to the test through challenging off-roading trails including water bodies. The Rivian looks quite unfazed by anything in its path. Having a look at the website of this car shop, we get to know the details of the kind of mods this monster truck gets. You might also like: MWM Spartan EV 2.0 Offers G-Wagon-Like Capabilities Based On Indian Force Gurkha Details Of Modifications The design house is calling this Rivian Apocalypse Nirvana. There are a bunch of aesthetic, as well as performance enhancements. These include: You might also like: How Is Formula E Helping Legacy Carmakers Build Better EV Technologies Learn Electric Cars Says Rivian is slowly but surely grabbing significant market share in the face of fierce competition. It is a worthy alternative to the likes of the Ford Lightning F-150, Chevy Silverado EV and the recently launched Tesla Cybertruck. It offers some distinct USPs including the price point to attract new customers. As the EV revolution intensifies, we will see more and more electric pickup trucks in the market. With the assurance of such aftermarket modifications houses for EVs as well, mass adoption looks more likely than ever.

How Is Formula E Helping Legacy Carmakers Build Better EV Technologies

20 Comments / Featured / By LEC Team

Formula E allows established carmakers to use it as a testing lab for new technologies to make EVs more efficient and powerful, and offer incredible regenerative braking abilities. The Formula E racing acts as a testing lab for legacy carmakers to test their innovative EV technologies. Essentially, the budget that car marques allocate for R&D and testing, can be alternately used to devise technologies for Formula E cars. The races are the actual testing grounds. In fact, it is a bigger stamp of validation than any other road testing. Hence, participating in Formula E could be critical for carmakers to come up with effective ways to create methods to address the concerns in electric cars. You might also like: Stellantis Invests In Affordable Sodium-Ion Battery Technology Formula E EV Technologies Note that Formula E is the first sport in the world which has been Net Zero Carbon since the beginning. As a part of Formula E, there are 16 races across 10 cities in 4 continents. The car used for this race is called GEN3. It is the most efficient race car. The GEN3 car is designed for use in the FIA Formula E Championship. Formula E cars commence each race with a battery capacity of only 60%, necessitating the generation of the remaining capacity through braking. This process aids in the development of more efficient motors, inverters, and software, contributing to enhanced performance and extended range. Therefore, car companies need to develop insanely efficient regenerative braking systems to be able to recoup enough energy to complete the race. That is as challenging an environment as it gets. You might also like: How Do Heat Pumps Function In EVs? Which Carmakers Are A Part Of Formula E? There are some top names on this list including: A few prominent German carmakers have taken the alternative route of regular R&D. For instance, BMW quit Formula E back in 2021. Similarly, Mercedes-Benz is focusing its sustainability efforts on its F1 team. Therefore, we must understand that Formula E is not the only way. Also, it becomes clear that carmakers are adopting multiple techniques to arrive at the same destination. You might also like: Hyundai Unveils ‘Active Air Skirt’ Tech To Increase EV Range And Power Learn Electric Cars Says Car manufacturers are actively pursuing software innovation to develop superior mass-production electric vehicles with improved performance, extended range, and increased efficiency. The recent breakthroughs in motorsports hold significant potential for efficient integration into mainstream models, ultimately contributing to a potential reduction in EV prices for consumers. Formula E founder Alejandro Agag notes that manufacturers view Formula E as a testing ground for technologies, particularly emphasizing the advancements made in fast charging by participating teams.

Which EVs Use Tesla Superchargers?

24 Comments / Featured / By LEC Team

Throughout the last year, numerous carmakers have announced their association with Tesla to use the latter’s trademark Superchargers. We have compiled a list of all the carmakers and their EVs which are eligible to use Tesla Superchargers. Various car marques have collaborated with the largest EV maker on the planet to use the latter’s charging network. Note that most EVs use a CCS (Combined Charging Standard) plug, while the Tesla cars use a NACS (North American Charging Standard) plug. However, using an adapter (Magic Dock), even non-Tesla EVs can charge at Tesla Supercharging stations. You might also like: Would You Buy A Used Tesla Model 3 For $13,700? Which EVs Use Tesla Superchargers? The list of carmakers who have signed up with Tesla to use its charging infrastructure saw a massive increase within the last couple of years in general and last year in particular. Lucid Motors becomes the latest EV company to shake hands with the American EV maker to allow its electric cars to utilize the dense Tesla charging network. In fact, legacy carmakers, as well as EV startups are announcing that their new EV models will come with NACS plugs from the factory. The list of carmakers includes: You might also like: Tesla Recalls 200,000 EVs Due To Reverse Parking Camera Issue How Many Tesla Superchargers Will Be Shared? It is critical to understand that not all Tesla Superchargers can be used by non-Tesla cars. At the moment, only 12,000 Supercharging ports out of 17,000 are available for non-Tesla cars. These are the V3 Superchargers which have been installed after 2019. The ones prior to that don’t support charging via the Magic Dock adapter. Most car companies have plans to commence this partnership by mid-2024. Most 2025 models of EVs from the aforementioned auto companies will come with NACS support from the factory. You might also like: Tesla Cybertruck Issues With CCS Adapter, Slow Charging Learn Electric Cars Says The ultimate aim of this collaboration is to extend accessibility to all EV owners and to develop an ecosystem with minimal range anxiety. Just by having an adapter, millions of electric car owners will have peace of mind, knowing that they can stop at just about any charging station to juice up their automobiles. Apart from that, many carmakers, private charging infrastructure players and governments across the globe are investing heavily in the development of the ecosystem around EVs. All these factors will combine immensely to enable mass adoption of EVs at a faster rate.

How Heat Pumps Function in EVs in Winter Cold Conditions

How Do Heat Pumps Function In EVs?

25 Comments / Featured / By LEC Team

Heat pumps are getting more common in EVs with each passing day as we take a look at how these aid electric cars during extremely cold conditions. In this post, we shall discuss how heat pumps function in EVs in cold weather conditions. We are certain that automobile enthusiasts and EV owners must have read a lot of headlines pertaining to the extremely cold weather conditions in many parts of North America and Europe currently. Note that Lithium-ion batteries are vulnerable and sensitive to temperature changes. Hence, many EV owners are, unfortunately, stranded at homes or charging stations. While we are still not at the point where the battery technology can overcome temperature dependency, there are decent solutions in place. Heat pumps provide the best shot for EVs to tackle extreme cold environments. Sure, snowy conditions with massively low temperatures will still have an impact on EV batteries, but a large part of that impact will be eliminated by the use of heat pumps. That is the reason why so many modern EVs come with a heat pump from the factory. You may also like: New EV Battery From Zeekr To Offer 500 kW Charging How Do Heat Pumps Function In EVs? Depending on the use case, a heat pump can produce heat from any source, which could then be used anywhere in a vehicle. For EVs, it is generally used to heat the battery and make it operate within optimal temperature range, irrespective of the weather outside. Additionally, the heat produced by pumps can also provide air conditioning to warm the cabin and the passengers. Essentially, any component in an EV which requires heat can be fed via the heat pump. The heat pumps use the temperature difference between the outside air and the refrigerant to create a heating effect. In EVs, it can pull cold air from the outside and create warm air from it. This can be used to heat the cabin, which will reduce the energy consumption of the battery. Alternatively, it could also heat the battery itself, which will prepare it before plugging so that it can charge quickly. This will maximize the range. If the battery is too cold, it will take longer than usual to charge too. In fact, many reports suggest a drop in range between 15% and 45% due to cold temperature alone. You may also like: Edmunds Tests The Fastest Charging EV In Real-World Conditions EVs With Heat Pumps Many modern EVs possess heat pumps from the factory itself. Some of the top EVs include Tesla cars, Jaguar I-Pace, BMW’s latest i-series cars, Hyundai Ioniq 5 and Kona, Audi’s new e-tron, Kia EV9 and Niro, Nissan Leaf, Chevrolet Bolt, Toyota Prius, etc. This encompasses electric cars from varied price segments. Therefore, it is evident that carmakers are offering this component as standard across the range. You may also like: How Inductive / Wireless Charging Can Transform The Future Of EVs? Learn Electric Cars Says Recognizing the importance of heat pumps in EVs, car companies will carry on this trend of offering them even on budget EVs going forward. With the kind of predicament we faced with extreme cold in many parts of North America and Europe recently, the need for heat pumps in EVs is evident. EV owners were left stranded at home. Even when they towed their cars to charging stations, the chargers had frozen. They had to wait for hours to get to a charging station. Then they had to wait a lot to charge their EVs due to slow charging speeds. We can only hope that this winter will force the authorities to take this aspect into consideration while developing charging infrastructure going forward. This was also be an eye-opener for EV owners, many of whom were facing such severe conditions with their EVs for the first time ever.

Top 5 Upcoming Electric SUVs in 2024 – Part 2

22 Comments / Featured / By LEC Team

2024 will witness a significant shift in the automotive industry towards electric vehicles and SUVs. Let’s explore the top 5 upcoming electric SUVs set to arrive this year. In 2024, the EV landscape is poised for remarkable growth and innovation as we take a look at the top 5 upcoming electric SUVs. Notable strides in battery technology have addressed longstanding concerns, extending the range of EVs. The market is now saturated with a diverse range of models, offering consumers a plethora of choices, from sleek sedans to robust SUVs. Governments worldwide are increasingly committed to sustainability, providing incentives that promote the widespread adoption of EVs. The expansion of charging infrastructure has mitigated range anxiety, rendering electric vehicles a viable option for a broader audience. As environmental awareness continues to rise, the future of electric vehicles holds great promise, set to reshape our commuting habits and contribute to a greener future. Let’s take a closer look at the exciting electric SUVs expected to emerge in the upcoming year. You might also like: Top 5 Unique Upcoming Electric SUVs in 2024 – Part 1 Top 5 Upcoming Electric SUVs in 2024 Cadillac Escalade IQ – Late 2024 The first EV on this list is the Cadillac Escalade IQ. The American auto marque has been hush about the specifications of the luxury electric SUV. But we understand that the all-wheel-drive variant will generate 750 hp and 785 lb-ft (1,064 Nm) of peak power and torque. This powertrain will propel the ginormous EV from 0 to 60 mph (97 km/h) in under 5 seconds. In terms of technology and creature comforts, the cabin will be ultra-modern and packed to the gills. Hyundai IONIQ 7 – H2 2024 The Hyundai IONIQ 7 will be a luxury 7-seat electric SUV from the Korean auto giant. It will be based on the brand’s well-known Electric-Global Modular Platform (E-GMP). While the Korean automotive giant has remained discreet about the precise specifications of the electric SUV, we can venture to make some logical assumptions. Hyundai has set its sights on achieving a range of over 300 miles (483 km) for this platform. To attain such an extensive range with a large SUV, it is reasonable to anticipate a battery size of at least 100 kWh. Drawing parallels with the 4WD version of the Ioniq 5, which delivers 320 hp and 605 Nm of power and torque, we might expect a similar performance from the Ioniq 7. Confirmed details include the Ioniq 7’s charging capabilities, which are expected to mirror those of the Ioniq 5. This implies support for 350 kW DC fast charging, allowing for a 10-80% charging time of approximately 20 minutes. Additionally, in a bid to broaden the accessibility of the electric SUV, it could be offered in both RWD and AWD variants. You might also like: Top 5 Unique Upcoming Electric Pickup Trucks in 2024 Kia EV9 Essentially the Kia iteration of the Hyundai IONIQ 7, the EV9 will utilize the same Electric-Global Modular Platform (E-GMP) and bear a 7-seat configuration. Since Hyundai supplies powertrain to most Kia models across the globe, we can expect identical specifications. What would, however, be different are the exterior styling, interior layout and tech features. As per the information, the EV9 will offer a large panoramic sunroof, a large infotainment display that could be connected to the instrument cluster to form a single seamless unit of glass (the concept features a 27-inch screen), V2L, Connected Car Tech Features with OTA Updates and Kia’s AutoMode for Autonomous Driving functions. Also, its interior will be made from vegan leather and other sustainable materials including fishnet debris, recycled plastic water bottles, bio extracts, etc. Jeep Wagoneer S – Mid 2024 Another prominent moniker which will turn electric is Jeep Wagoneer S. The American SUV maker has been transforming its portfolio with the likes of Wrangler 4xe and Grand Cherokee 4xe. However, these are plug-in hybrids. The Wagoneer S will be a battery-powered colossal SUV. The specifics are still unclear but one could expect an arrangement which could offer around 600 hp and 400 miles (644 km) of range. Being a Jeep, it will inherently boast off-roading capabilities along with premium and modern features. You might also like: Xiaomi SU7 Makes Global Debut With 1200 km Range & 150 kWh Battery Pack Honda Prologue – H1 2024 Finally, we have the Honda Prologue electric SUV. Interestingly, it has been co-developed with General Motors, which is why it will use the same Ultium battery pack which powers other GM models too. The Prologue will come with an 85 kWh battery. In the single motor configuration, it could produce around 210 hp. This number goes up to around 288 hp in the dual-motor AWD setup. The driving range could be in the vicinity of 250-320 miles (402-515 km). Unlike other premium and luxury SUVs on this list, the Prologue would bear a relatively humble price tag of under $50,000 (starting). These are the top 5 upcoming electric SUVs for 2024.

Edmunds Tests The Fastest Charging EV In Real-World Conditions

17 Comments / Featured / By LEC Team

In oder to standardize a method to test the charging speeds of popular electric cars, Edmunds conducted an independent real-world test. In the rapidly evolving landscape of electric vehicles, the need for speed isn’t just about the thrill of acceleration on the road. It’s also about how quickly an EV can recharge at public fast-charging stations. The faster the charging speed, the sooner you can hit the road again. This ensures that your journey remains as seamless as possible. Edmunds is a trusted name in automotive testing and reviews. It recently conducted practical tests to identify the fastest charging EV in real-world conditions. These shed light on a crucial aspect that often determines the practicality and convenience of electric vehicles. You might also like: How Inductive / Wireless Charging Can Transform The Future Of EVs? The Confusion in Charging Rates: Why Edmunds Stepped In The Diverse Language of Automakers One of the challenges faced by potential EV buyers is the diverse language used by automakers to express charging speeds. A quick visit to different automaker websites reveals a maze of claims. While one boasts a charging time from 10% to 80% in 35 minutes, another emphasizes adding 100 miles of range in just 20 minutes. These varied metrics make it nearly impossible for consumers to compare and understand which vehicles truly offer the fastest charging EV experience. Standardizing Charging Information Recognizing the confusion in the marketplace, Edmunds devised an independent and standardized test. Edmunds created a comprehensive evaluation by collaborating with the EV-testing specialist company P3 and combining their expertise with real-world testing data. The result is an easily comparable measurement expressed as miles per charging hour. It offers clarity in an otherwise convoluted landscape. Miles Per Charging Hour: A Game-Changing Metric The innovative approach taken by Edmunds involves measuring the miles gained per charging hour. A higher figure indicates that the vehicle requires less time for charging. This ensures that consumers can spend more time on the road and less time waiting. This metric combines the efficiency of the EV in electricity consumption per mile with the actual charging time. As a result, it provides a holistic view of the vehicle’s charging capabilities. You might also like: Hyundai IONIQ 6 vs Kia EV6 – Specs, Price Comparison The Top Performer: Hyundai Ioniq 6 After meticulous testing, the Hyundai Ioniq 6 emerged as the top performer in Edmunds’ evaluation. Under ideal conditions and using an appropriately powered charging station, this model showcased a remarkable potential of gaining 868 miles per charging hour. The achievement of the Hyundai Ioniq 6 in real-world conditions demonstrates its prowess as the fastest charging EV, setting a new standard for efficiency and speed. Impressive Contenders: Tesla, Porsche, Kia, and Mercedes-Benz Notably, several other EVs demonstrated impressive charging speeds of over 500 miles per hour. The Hyundai Ioniq 5 SUV, Kia’s EV6 and EV9 SUVs, Porsche’s Taycan sport sedan, and the Tesla Model 3 and Model Y all secured their positions as leaders in the fast-charging realm. Mercedes-Benz’s EQS sedan also stood out for its exceptional charging capabilities. The Laggard: Chevrolet Bolt EUV However, not all EVs fared equally well. The Chevrolet Bolt EUV lagged behind in Edmunds’ testing, with a potential charging speed of just 172 miles per charging hour. Despite its overall efficiency, the slower charging power of the Bolt EUV places it as a less-than-ideal choice for long-distance driving enthusiasts. Model Miles Per Charging Hour (mi/hr) Hyundai Ioniq 6 Limited RWD 868 Kia EV6 Wind RWD 769 Hyundai Ioniq 6 Limited AWD 764 Porsche Taycan 4S 690 Kia EV6 GT Line 678 Hyundai Ioniq 5 Dual-Motor 673 Mercedes-Benz EQS 450+ 593 Genesis Electrified G80 588 Porsche Taycan GTS 584 Tesla Model 3 Long Range 569 Miles Per Charging Hour for Top 10 EVs You might also like: Mercedes, BMW Exceed EPA Range in Real-World Test, Tesla Falls Short Learn Electric Cars Says Edmunds’ commitment to providing consumers with reliable and standardized information about EV charging speeds is a significant step forward in enhancing transparency in the electric vehicle market. The quest for the fastest charging EV is not merely about acceleration but about empowering consumers with the knowledge they need to make informed decisions. As the industry continues to evolve, Edmunds’ real-world tests serve as a beacon, guiding consumers through the fast lane of electric mobility. The Hyundai Ioniq 6 and its fellow speedsters are leading the charge. This is setting the stage for a future where fast charging is not just a capability but a standard expectation. Embrace the speed, and let the journey unfold at the pace of innovation.

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