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Each EV with V2G charger might earn $15,000 over 10 years

Nissan Leaf and Fermata Energy FE-15 bidirectional charger – Photo by Fermata EnergyEach bidirectional EV charger installed could pay for itself in three years, and earn up to $15,000 over 10 years, according to projections from a firm that provides such equipment. Chargers installed for vehicle-to-grid (V2G) operation, allowing EVs to discharge power back into the grid, have similar upfront costs to conventional chargers. But…

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Report: Used Tesla prices are dropping fast

2016 Tesla Model STeslas have generally held their value better than other electric cars, but used Tesla prices are now dropping fast, according to a recent Reuters report. The average price of a used Tesla in November 2022 was $55,754, down 17% from a July peak of $67,297, according to the report. In comparison, overall average used car prices dropped 4% during…

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VW platform for affordable EVs will get mid-decade boost

2024 Volkswagen ID.BuzzThe Volkswagen MEB platform that has served as the backbone for the automaker’s EV push is set to get a number of updates over the next few years. The updated version, dubbed MEB+, will incorporate charging and battery updates, as well as an electrical architecture designed to support more advanced driver-assist tech, according to VW. A new…

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Lucid Air review update, dual-motor Rivian preview, EV tax credit leasing loophole: The Week In Reverse

2023 Rivian R1TWhich automaker revealed one of the most aerodynamic SUVs in the world? Which states recently joined California in banning gas-only vehicles by 2035? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending December 30, 2022. Our biggest, albeit most confusing, piece of news this week came on…

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Lucid Air interface improvement, Rivian drive units, Nio EC7: Today’s Car News

2022 Lucid Air Grand TouringRivian takes a look at the building blocks for its upcoming dual-motor electric trucks. Nio might have the most aerodynamic SUV ever. And we look at Lucid’s interface, and its continuous improvement, up close. This and more, here at Green Car Reports. The Lucid Air remains the technology leader among EVs, with astonishing range, power, and…

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Review: 2022 Lucid Air Grand Touring keeps getting better

2022 Lucid Air Grand TouringAs we head into the new year and prepare to announce the Green Car Reports Best Car To Buy 2023, there seems like no better time to reflect and revisit our past winner, the Lucid Air. A year after taking the technology lead with incredible range, power, and efficiency, the Lucid Air has matured its user experience without losing those headlining…

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Nio EC7 flagship EV: The most aerodynamic SUV in the world?

2023 Nio EC7A low drag coefficient (Cd) is very important for maximizing range, leading automakers to push for more aerodynamic EVs. The Nio EC7, the Chinese automaker’s new flagship SUV, is yet another example of this trend. Unveiled at the company’s recent Nio Day 2022 presentation in Heifei, China, the EC7 has a drag coefficient of 0.23, which Nio claims…

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Rivian previews modular hardware for dual-motor electric trucks

2023 Rivian R1TRivian recently previewed the hardware for the dual-motor powertrain it plans to begin offering for its R1T electric pickup truck and R1S electric SUV alongside the existing quad-motor setup in the coming year. The company tweeted a short video “progress report,” in which principal drive unit design engineer Mason Verbridge said components were…

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EV tax credit leases, cold-weather charging, PHEVs not plugged in: Today’s Car News

2022 Toyota Prius PrimeThe EV tax credit continues to take form, and it may mean cheaper leases. Washington and Oregon join California in banning EV-only cars by 2035. EV drivers are charging more in the winter, but are plug-in hybrid drivers charging often enough? And what can we see in all of our past Best Car To Buy winners? This and more as we wrap up some holiday…

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EV tax credit loophole may cut lease payments for EVs made overseas

2022 Chevrolet Bolt EUV and EV production startsThe U.S. Treasury Department confirmed Thursday that buyers can effectively bypass both the American final assembly and critical-mineral requirements for electric vehicles—if those EVs are leased. That means, according to Reuters, starting Jan. 1, automakers selling EVs with final assembly outside North America may be eligible for a…