Rivian chargers, battery problems in China, the cost of owning an electric car: Automotive news today
China is overproducing EV batteries. Rivian is applying real-world letter grades to EV fast chargers for smoother route planning. And despite depreciation issues, many electric vehicles still turn a big profit after five years of ownership. This and more, at Green Car Reports.
Rivian announced that Evaluating EV fast chargers for real-world reliability—and include those letter-level ratings in its route planning and interface. It’s a situation that could put pressure on networks to prioritize reliability, and in the meantime, it could benefit Tesla Supercharging and its generally superior reliability.
According to a recent in-depth study on Cost of EV ownershipHalf of new 2024 EVs cost less over five years than ICE models — even though depreciation has been much greater over the past year.
And China now produces enough batteries for global electric vehicle production, according to data analyzed by Bloomberg New Energy Finance last week. By 2023, production capacity is set to double global battery demand for electric vehicles and energy storage combined, and if companies stay on message there could be an even wider gap between supply and storage. battery supply and demand of electric vehicle factories.
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