Paul Baxter’s Post

Our new research reveals that 87% of motorists who have switched their petrol or diesel car to an electric model say the move has seen them save money on their annual cost of driving. Nearly half (48%) of electric car drivers describe the savings as “substantial” compared with just 4% who believe their annual costs are higher as a result of the switch. Those drivers who claim to be saving money from having switched their fossil-fuel powered vehicle for an electric version claim to have saved on average 23% on their annual cost of driving when taking into consideration all their motoring costs. Three in 10 of those motorists say they have seen savings of more than 30% a year. https://lnkd.in/ebTgfVxt #Research #Motorists #CarInsurance #ElectricCar #DriveElectric

Electric cars will be cheaper to make than gas vehicles but with much higher repair and insurance costs The maintenance cost and future price advantages of electric vehicles before gas-powered cars could be more than offset by their rising insurance…: … to outright coverage denial, electric cars are often faced with mounting … few years, even when electric cars hit production cost parity … that by the time electric vehicles are expected to become … repair costs of its electric vehicles when faced with insurer … #car #cars #awesome

So excited to share the insights from our inaugural mycar Mobility Index with everyone. The interest in the report has been amazing, and we’re delighted so many are finding it insightful. 🔋 For me personally, I’m excited by the role that mycar can play in helping introduce the 46% of petrol and diesel drivers who are concerned about the long-term reliability and durability of electric or hybrid vehicles to the benefits of transitioning to EV.   🚙 We’ll continue to provide quality service options for the 82% of EV drivers who are confident in the reliability and durability of EV.   💵 At the same time, the report demonstrates the role that industry needs to play for those who entrust their petrol and diesel vehicles to us. We need to ensure our expert technicians always provide transparent, quality advice and recommendations, at the right price, to ensure these vehicles run efficiently and safely across their lifetime.   Have a read of our report to find out more: https://bit.ly/4cqQgac #carebeyondthecar #peoplefirst #carelikemycar #autoexpertsfamousforcustomercare #technicians

Electric cars cost twice as much to insure as petrol vehicles - as average cost soars by 50%: … Headlines email Drivers of electric vehicles (EV) are paying … price index. Drivers of electric vehicles (EV) are paying more … electric cars are set to fall this year as Chinese electric car … in 2024, which means electric vehicles. This percentage will steadily … #car #cars #awesome

🔍 Shocking data reveals electric car owners paying over twice as much for insurance! Premiums for EVs have surged to £1,344, a whopping 50% increase in just one year, according to Howden Group. Blamed on higher repair costs for electric models, this doubles the insurance expense compared to traditional combustion engine cars. Is this a fair deal for consumers who are being mandated to buy these electric cars? + Read the full article: https://lnkd.in/gfiHpjsu -------------------------------------------------------------- #ElectricCars #InsuranceCosts #DrivingRevolution

🌱🚘 As the EV market surges ahead, The Floow's data reveals that range anxiety is fading into the rearview mirror, with EV journey lengths outpacing ICE vehicles by 13%. Moreover, EVs are proving to be smoother operators, driven with 4% more finesse—perhaps thanks to advanced cruise control and regenerative braking. Plus, with a 2% lower rate of mobile phone-induced driver distraction, EV tech is steering us towards safer, focused roads ahead. #EVadoption #DriverSafety #TechIntegration https://lnkd.in/eVjZdA5D

With the significant increase in sales of EVs, beginning to understand the impact on driving behaviour of these vehicles is critical to the evolution of the use of telematics. In this blog we begin to investigate these changes, there is certainly more to come in the future as this work develops further.

VANCOUVER, British Columbia (April 18, 2024) – Uber and Toyota Canada, with Toyota Financial Services, announced a partnership allowing eligible drivers on the Uber platform in the Metro Vancouver area to rent zero-emission vehicles through the KINTO Share program. Using this platform, drivers can now access Toyota’s all-electric bZ4X and will soon also have access to Toyota’s hydrogen fuel cell electric Mirai. This collaboration enables more rideshare drivers and riders to experience high quality zero-emission vehicle technology and to choose more sustainable options, while contributing to carbon neutrality goals. “At Uber, we’re committed to becoming a zero-emission mobility platform. Driver access to try electric or hydrogen vehicles is an important part of our sustainability goals,” said Michael van Hemmen, General Manager of Mobility for Uber in Canada. “Switching to a zero emissions vehicle is a big decision. This partnership with Toyota Canada gives drivers an opportunity to experience a zero emission vehicle as their primary rideshare vehicle and understand the benefits and cost savings.” “We’re proud to partner with Uber in this important initiative that brings us closer to our mutual environmental sustainability goals,” said Stephen Beatty, Vice President, Corporate, Toyota Canada. “Connected by our understanding of the critical role of rideshare in lowering emissions and in advancing mobility, this partnership will improve accessibility to get more drivers into zero-emission vehicles by offering a safe and seamless experience to rent Toyota all-electric and hydrogen-powered options.” How the Program Works Through the partnership, eligible drivers on the Uber platform can access a Toyota all-electric bZ4X or, starting soon, a Toyota hydrogen fuel cell electric Mirai through the KINTO Share Canada app and pick it up at one of four Toyota dealerships across the Metro Vancouver area. Both vehicles are eligible to use British Columbia’s HOV lanes. About the Zero Emission Technology Vehicles Toyota’s first all-electric vehicle, the Toyota bZ4X is powered by electricity alone. Because it runs on electricity only, it emits no exhaust. Now in its second generation, the Toyota Mirai is the world’s first mass production hydrogen fuel cell electric vehicle. The hydrogen-powered Mirai can be refueled in about five minutes, has a range of up to 647 km on a full tank, and emits only water from its tailpipe. For more information: https://www.kintoshare.ca/ #toyota #toyotacanada #uber #mobility #canada #choosemore #toyotacanada #metrovancouver #hydrogenfuel #fuelcell #ridesharedriver #vehicletechnology #sustainabilitygoals #hydrogenfuelcell #transportation #ridesharing #fooddelivery #services

It’s not just the political class. America’s fleet of cars and trucks is also getting long in the tooth. Last month a study by S&P Global Mobility reported the average age of vehicles in the U.S. was 12.6 years, up more than 14 months since 2014. Singling out passenger cars, the number jumps to a geriatric 14 years. In the past, the average-age statistic was taken as a sign of transportation’s burden on household budgets. Those burdens remain near all-time highs. The average transaction price of a new vehicle is currently hovering around $47,000. While inflation and interest rates are backing away from recent highs, insurance premiums have soared by double digits in the past year. Many buyers are now surfing on waves of vehicle depreciation, picking up used and off-lease cars and trucks still under warranty for thousands less than new. That’s smart. Your Dutch uncle approves. But lately another, stranger element is showing up in the numbers: a motivated belief among consumers that automakers’ latest and greatest offerings—whether powered by gasoline, batteries or a hybrid system—are inferior to the products they are replacing. That’s different. Americans have been trained from a young age that the New is better than Old, especially coming from the car industry, the people who brought you tail fins, planned obsolescence and generous trade-in allowances. In fact, new-car deniers form a broad coalition of the unpersuaded. Some fear that new, digitally connected vehicles could expose their personal information to the Chinese—or worse, to their insurance agencies. Others are just trying to hang on to the good things they’ve got, like three-pedal stick-shifted manual transmissions, virtually extinct in new cars. Or built-in CD players. What unites them is the conviction that older cars are not just cheaper, but better The past decade has seen carmakers retire large and thirsty V8s for smaller and more efficient V6s and even I4s, equipped with forced induction—typically involving one or two turbochargers and a daisy-chain of sensors, control modules and codeware. Many such power plants require premium fuel to work properly. The regulatory hill for IC power only gets steeper from here. By 2032 gas-burning vehicles will need robust hybrid and plug-in hybrid systems in order for automakers to avoid noncompliance penalties. “It’s not just that my money doesn’t seem to stretch as far,” says Myles Leevy, of Los Angeles, the owner/driver of a 2011 Range Rover. “Any new car feels like it’s about two years away from becoming outdated.”. 

EV battery fires remain a cause of concern for fleet operators and consumers alike. However, there’s tangible evidence that an EV passenger vehicle is around 100 times less likely to catch fire than a traditional vehicle. According to EVFireSafe, EVs have a 0.0012% of catching fire, while petrol or diesel-powered cars have roughly 0.1% of catching fire. What’s more - from 2010 to June 2023, EV FireSafe recorded 393 verified passenger EV battery fires across the world, of which only four were in Australia. More stats here: #EVbatteries #EV #fleetmanagement