Green Car Reports recently conducted a review of the Volvo S60 Recharge plug-in hybrid, which is considered the highest-mpg and highest-mileage PHEV from Volvo. The review found that the vehicle is a bit unsure about its hybrid identity but leans more towards being electric compared to previous PHEVs from the brand. This highlights Volvo’s commitment to embracing electric vehicles in its lineup.
In other news, the oil industry has raised concerns about the EPA vehicle standards, particularly those that focus on plug-in vehicles and overlook ethanol. The American Petroleum Institute has voiced its opposition to the standards, claiming that they amount to an electric vehicle mandate. This pushback comes at a crucial time, especially in an election year, as the industry aims to protect its interests.
Furthermore, recent data from the insurance industry has revealed that electric vehicles are more expensive to insure compared to traditional vehicles. According to a risk report by LexisNexis, EVs have a 17% higher claim frequency and a 34% higher claim severity in terms of cost. This poses a challenge for electric vehicle owners who are already investing in a more sustainable mode of transportation.
On a different note, there has been a rise in theft involving the fat charging cables of commercial EV chargers. Reports indicate that thieves are targeting these cables for their copper content, leading to frustration among EV drivers and significant repair costs for charging companies. It is estimated that replacing each stolen cable costs around $1,000, despite containing only $15 worth of copper.
These developments underscore the evolving landscape of the electric vehicle industry, highlighting both the progress and challenges that come with transitioning to a more sustainable mode of transportation. Stay updated on the latest green car and environmental news by following Green Car Reports on Facebook and Twitter, and sign up for their newsletter to receive daily updates directly to your inbox.