Connect with us

Published

on

A range of new and growing options exist on the car dealer lot when it comes to hybrid and electric vehicles, but if you’ve been following the headlines lately, decisions made by major automakers reflect a market tilting more hybrid than EV. Ford just announced it’s delaying an EV pickup and in the short-term focusing more on its North American hybrid lineup.

“EV euphoria is dead,” with the idea of “consumer choice” back in among car companies from Ford to General Motors, Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin, which are all scaling back or delaying their electric vehicle plans. GM’s EV sales remained insignificant in the most recent quarter.

But finding the best bang for your buck can be complicated. These decisions often turn on factors such as upfront cost, driving habits, how long you plan to own the car, likely costs over time and even what area of the country you live in.

The answer isn’t always straightforward even amid headlines screaming hybrid. Here are some tips to help car buyers make the right decision.

Figure out how much you drive

Before you start comparing costs, it makes sense to think about how you plan to use the vehicle.

Are you just driving five or 10 miles to work and back each day, or are you planning on taking the car on long road trips? If you drive long distances frequently, consider the availability of fast-charging stations along your route. If fast-charging stations are scarce, as they are in many areas of the country, you might be better served with a hybrid where you just pull into a gas station and keep driving, said Sandeep Rao, lead researcher for Leverage Shares, which offers investment funds including several focused on the stocks of EV and traditional automakers. 

The federal government’s initiative to create a vast charging network across the U.S. hasn’t yet materialized on a widespread basis. Instead, the focus has been on pockets of the country like California, the New York tri-state area, Florida and Texas, but the vast majority of people live in between these places. “Most Americans don’t have access to EVs because there’s not enough charging infrastructure,” Rao said.

He also said to consider how long you plan to own the vehicle, the car’s potential service needs and what nearby options exist for maintenance. Other factors include your home set-up. Do you have the right conditions to charge an EV quickly and conveniently? And what would the upfront costs be to upgrade your system to allow for faster charging, if desired?

Do the math on upfront cost, EV vs. hybrid

If it’s still a toss up between an EV and a hybrid, next consider upfront costs.

The average price of the top-ten best selling electric vehicles in the U.S. is about $53,758, with an average of $48,430 for the low-end version of each model and $64,936 for the high-end version of each model, according to Find My Electric, an independent EV marketplace. Prices for these 10 EVs range from $26,599 for the Chevrolet Bolt EV to $99,000 for the most expensive version of the Rivian R1S, according to its data.

By contrast, the average starting price for a hybrid car is $33,214, according to iSeeCars.com, a car search engine. If you have specific models in mind, the Department of Energy offers a tool to compare up to four vehicles at once. You can also compare different models based on fuel efficiency. 

Search for available auto rebates and incentives

If you’re leaning toward an EV, but still find the upfront cost daunting, look for possible rebates. There are subsidies from the federal government — up to $7,500 maximum — but it’s getting harder to qualify for as more manufacturers are becoming ineligible, Rao said. 

Also look for state and local incentives. Buyers can visit the Electric for All website, maintained by the nonprofit organization Veloz, to search for incentives such as vehicle tax credits and rebates, charging rebates, local utility incentive programs and other special driving perks for going electric.

“Depending where you live, you might be able to walk off the lot with an EV that’s similar in price to a hybrid or internal combustion vehicle,” said Steve Christensen, executive director of the Responsible Battery Coalition, a nonprofit coalition of companies committed to the responsible management of the batteries.

Consider a plug-in hybrid

Another option people could look at is a plug-in hybrid electric vehicle, which offers an attractive option for those who are transitioning from gas and diesel-driven cars to battery-powered vehicles, Rao said. 

The biggest differences between full hybrid and plug-in hybrid cars are the size, cost and purpose of their electric batteries, according to an online Q&A from Progressive Casualty Insurance Company. Also, a plug-in hybrid’s electric battery can be recharged at home or a public charging station whereas a full hybrid car uses its gas-powered engine to recharge.

If you are considering a plug-in hybrid, the Department of Energy has a calculator that can help estimate personalized fuel use and costs based on your driving habits, fuel prices, and charging schedule.

Focus on overall cost of ownership, not just upfront costs

Generally, the upfront costs of an EV will be higher, but you still might be better off over time.

For example, smaller EVs like compact cars or sedans with a range of about 200 miles break even with a similarly sized traditional hybrid in five years or less, according to a recent University of Michigan study. And that’s without incentives, said Maxwell Woody, a PhD candidate at the University of Michigan and lead author of the study.

However, larger vehicles like midsize SUVs, pickup trucks or other vehicles with a larger, up-to 400-mile range battery do not break even with hybrids, even if incentives are applied, the study found. It’s worth noting that the data is based on a longer history of battery prices, which have decreased dramatically in recent years, and are expected to continue falling, so electric vehicles generally will perform better in the near future, Woody said.

Doing the math on a plug-in hybrid is more complicated because the cost to run the car can vary widely on how much you charge versus refueling with gas. If you operate it all-electricity for city driving, for instance, your costs could be close to an EV, Woody said. If you take it on long trips, the costs for refueling could be more similar to a gas vehicle, he said.

When considering the overall cost of ownership, be sure to factor in maintenance costs, said Albert Gore, executive director of ZETA, an industry-backed coalition that advocates for full EV adoption. He points to a study by Argonne National Lab that shows scheduled maintenance costs per mile are significantly lower for an EV versus a traditional hybrid or plug-in hybrid.

Also be sure to compare apples-to-apples in terms of features, model, year, quality and use cases, Woody said. For example, someone considering a Nissan Leaf, which is fully electric, might look at the comparable data for a Honda Civic hybrid, he said.

Continue Reading

Environment

U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

Published

on

By

U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

Logo of the Organization of the Petroleum Exporting Countries (OPEC)

Andrey Rudakov | Bloomberg | Getty Images

U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.

U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.

The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.

The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.

Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.

Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.

“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.

Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.

Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.

Catch up on the latest energy news from CNBC Pro:

Continue Reading

Environment

Chicago plans more, and more equitable public charging as EV sales climb

Published

on

By

Chicago plans more, and more equitable public charging as EV sales climb

Electric vehicles’ share of the market continues to climb in America’s second city, with BEV registrations up more than 50% in the first quarter of 2025 compared with the same period last year. Great news, but charging hasn’t up – but a new plan from Chicago Department of Transportation aims to build up enough infrastructure for the city to keep up.

In a bid to keep up with the rapid growth of EVs, Chicago Department of Transportation (CDOT is currently seeking public feedback on a plan called “Chicago Moves Electric Framework.” The city’s first such plan, it outlines initiatives that include a curbside charging pilot through the city’s utility, ComEd, and expanded charging access in key areas throughout the city.

Unlike other such plans, however, the new plan aims to focus on bringing electric vehicle charging to EIEC and low income communities, too.

“Through this framework, we are setting clear goals and identifying solutions that reflect the voices of our residents, communities, and regional partners,” said CDOT Commissioner Tom Carney. “By prioritizing equity and public input, we’re creating a roadmap for electric transportation that serves every neighborhood and helps drive down emissions across Chicago.”

Advertisement – scroll for more content

Neighborhoods on the south and west sides of Chicago experience a disproportionate amount of air pollution and diesel emissions, largely due to vehicle emissions according to CDOT. Despite that, most of Chicago’s public charging stations are clustered in higher-income areas while just 7.8% are in environmental justice neighborhoods that face higher environmental burdens.

“Too often, communities facing the greatest economic and transportation barriers also experience the most air pollution,” explains Chicago Mayor Brandon Johnson. “By prioritizing investments in historically underserved areas and making clean transportation options more affordable and accessible, we can improve both mobility and public health.”

The Framework identifies other near-term policy objectives, as well – such as streamlining the EV charger installation process for businesses and residents and implementing “Low-Emission Zones” in areas disproportionately impacted by air pollution by limiting, or even restricting, access to conventional medium- and heavy-duty vehicles during peak hours.

The Chicago Moves Electric Framework includes the installation of Level 2 and DC fast charging stations in public locations such as libraries and Chicago’s Midway Airport, “supporting not only personal EVs but also electric taxis, ride-hail and commercial fleets.”

Chicago has a goal of installing 2,500 public passenger EV charging stations and electrifying the city’s entire municipal vehicle fleet by 2035.

Electrek’s Take

Chicago Drives Electric | ComEd Press Conference
ComEd press conference at Chicago Drives Electric, 2024; by the author.

I hate to sound like a bed-wetting liberal here, guys, but Chicago is getting EVs absolutely right with big utility incentives on both vehicles and infrastructure, a governor willing to stand behind smart environmental policy, and a solid push for more and better infrastructure in the areas where they’ll do the most good. They’re even thinking of the children.

Here’s hoping more cities follow suit.

SOURCE: ComEd, via Smart Cities Dive; featured image by EVgo.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Meet Bodo – the 35 mph electric golf cart that thinks it’s a G-Wagen

Published

on

By

Meet Bodo – the 35 mph electric golf cart that thinks it's a G-Wagen

With a fully-enclosed, G-Wagen-inspired body and an 80 mile electric range, the Bodo G-Wagon golf cart is the NEV you need when you decide it’s time to get serous one-upping the rest of the Palm Beach country clubbers.

If you love the look of the $230,000 Mercedes-Benz G580 off-roader, but think the 579 hp, 6,800 lb. electric 4×4 is probably overkill for occasional trips to the golf course and country club, this G-Wagen-inspired golf cart might be just what you’re looking for.

The shiny black 2024 Bodo G-Wagon sold at Mecum Auctions last month for $31,900, which seems like it might not be a lot of money to the sort of person who decides to take a flyer on a goofy, limited-use EV that ships with real, metal doors, power windows, heating and air conditioning, fully digital instrument cluster and infotainment, and a “posh,” caramel leather interior.

It even has windshield wipers, power steering, and a rear-seat entertainment system that’s built into the front headrests!

Advertisement – scroll for more content

It’s really nice in there

Under the hood, the Bodo packs a 15 kW (20 hp) electric motor drawing power from a 10 kWh li-ion battery that won’t deliver a scorching 0-60 mph time (it only goes 35), but will deliver you and your buddies from one end of any golf course in North America and back several times over, thanks to the G-Wagon’s 80 mile range.

The official Mecum Auctions listing goes into a bit more detail, and I’ve included it here, in case it gets deleted after a while and you’re just finding this for the first time in 2027:

Be the envy of any country club or golf community showing up with this 2024 Bodo G-Wagon Golf Cart. Perhaps more appropriately known as an E-Wagon, this baby G-Wagon is powered by a 15kW motor with a 10kWh lithium battery. Boasting an 80-mile range and a 35 MPH top speed, the Bodo is an enclosed, luxury golf cart that pampers occupants with heating and air conditioning, rear-seat entertainment, power windows, power locks and a posh, caramel-colored interior. With the Bodo fitted with power steering and 4-wheel power disc brakes with brake boost, drivers will think they’re in a full-size G-Wagon, thanks to the multiscreen entertainment cluster, the rearview camera, windshield wipers, turn signals, running lights and so much more.

Finished in black with the right amount of brightwork, the overall vibe is one of jaw-dropping, smile-inducing fun. While the Bodo would be an excellent choice for any golf community, it should also prove to be hugely popular around a race track or car condo community as well, or maybe even a neighborhood with its own airplane runways. Over the past decade in particular, the demand for unique, luxury golf carts has been on the rise, and understandably so. The number of luxury communities with specific interests in sports, aero and auto has also been on the rise, with people buying homes in these exclusive locations to better engage with like-minded people. All too often a golf cart is the perfect way to get around these gated neighborhoods, and this one is enclosed, comes with the amenities of a full-size car and is infinitely more stylish.

MECUM AUCTIONS

You can check out a few more photos of the 2024 Bodo G-Wagon golf cart that sold at Mecum, below – and if you want one for yourself, you’re in luck! I found this brand-new 2025 “G600 E-Wagon” (in white) for $23,900 at Gulf Carts in Santa Rosa Beach, Florida. Head on down to the comments and let us know if you buy it.

SOURCE | LOTS MORE PHOTOS: Mecum Auctions.


Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Best of all? Contractors won’t call you unless you give them your number. Get started here.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending