In a recent review by Green Car Reports, the Volvo S60 Recharge plug-in hybrid was noted as the most fuel-efficient and highest-mileage PHEV from Volvo. While the vehicle showed some confusion about its hybrid identity, it leaned more towards being electric compared to previous PHEVs from the brand.
The oil industry has raised concerns about EPA vehicle standards, particularly those that focus on plug-in vehicles and overlook ethanol. The American Petroleum Institute argues that these standards are akin to an electric vehicle mandate, despite the fact that they have been softened for light trucks. The timing of this pushback, especially in an election year, is significant.
Recent data from the insurance industry has revealed that electric vehicles are more costly to insure. According to a risk report by LexisNexis, EVs have a 17% higher claim frequency and a 34% higher claim severity compared to traditional vehicles. This trend adds another layer of complexity to the ownership of electric vehicles.
Additionally, there has been a rise in thefts targeting the fat charging cables on commercial EV chargers. Thieves are drawn to these cables in hopes of extracting valuable copper, leaving EV drivers frustrated and charging companies with hefty repair bills. The cost of replacing each stolen cable is around $1,000, even though the copper inside may only be worth $15.
These recent developments underscore the challenges and complexities surrounding the adoption of electric vehicles. Despite the pushback from the oil industry and the higher insurance costs, the shift towards electric vehicles continues to gain momentum. Stay informed with Green Car Reports for the latest updates on green cars and environmental news. Don’t forget to follow them on Facebook and Twitter and sign up for their newsletter to receive daily news straight to your inbox.