The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Ridgewood NJ, as electric vehicles (EVs) continue to reshape the American auto market, many consumers are asking: Which EV is the most economical to run, and where is it cheapest to drive one? Our updated 2025 report answers both questions, offering insights on the most cost-efficient electric vehicles and the U.S. states where EV ownership is the most affordable.
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Ridgewood NJ, EV skeptics, take a seat. We’ve all heard the same tired arguments before: “What about the batteries?” “There’s not enough range.” And the classic—“Charging takes forever compared to filling up at a gas station.” Well, China’s auto giant BYD just shattered that last excuse with its new 1,000V EV platform, promising charging speeds as fast—or even faster—than refueling a gas car.
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Trenton NJ, New Jersey has reached a significant milepost by surpassing 200,000 electric vehicle registrations, demonstrating increasing consumer confidence in these vehicles and the availability of charging infrastructure, as well as the success of policies implemented by Governor Phil Murphy. Nearly 208,000 battery-electric and plug-in hybrid electric vehicles, or EVs, are now registered with the New Jersey Motor Vehicle Commission, out of 5,999,667 registered vehicles in New Jersey , more than double the number of EVs registered in the state just two years ago.
Continue reading New Jersey Hits 200,000 Electric Vehicle Registrations
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Ridgewood NJ, Ford Motor Company is hitting the brakes on its F-150 Lightning production, with a planned halt from mid-November to early January. The pause at Ford’s Rouge Electric Vehicle Center, just outside Detroit, will address inventory levels and financial losses, as the company seeks to find a profitable path forward in the evolving EV market.
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Ridgewood NJ, Northvolt, a critical battery producer for Europe’s electric vehicle (EV) industry, has announced a series of cost-cutting measures, including job cuts and the closure of one of its facilities. The Stockholm-based company, which manufactures lithium-ion batteries and has partnerships with leading automakers such as Volkswagen and Volvo, is taking steps to secure its future amidst a challenging economic environment.
Continue reading Northvolt Announces Job Cuts and Site Closures Amid EV Sales Declines
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Ridgewood NJ, Volvo made headlines as the first car manufacturer to pledge an all-electric lineup by 2030, a bold move signaling a shift towards a more sustainable automotive future. However, like many of its industry peers, Volvo is now reevaluating that plan. Chief Commercial Officer Bjorn Annwall recently admitted that the company needs to “adjust to reality,” as fully electric vehicles (EVs) must also be profitable. This statement highlights the growing tension between environmental goals and financial sustainability.
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Ridgewood NJ, starting July 1, owning an electric vehicle (EV) in New Jersey just became more expensive, thanks to a new annual registration fee aimed at funding transportation infrastructure projects. Here’s what you need to know about the latest developments affecting EV owners in the Garden State.
Continue reading New Registration Fee Goes Into Effect for NJ Electric Car Owners
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Ridgewood NJ, recent data reveals that a significant number of Americans who own electric vehicles (EVs) are experiencing buyer’s remorse. According to McKinsey & Co.’s Mobility Consumer Pulse for 2024, 46% of EV owners in the U.S. reported being “very” likely to switch back to owning a gas-powered vehicle for their next purchase.
Voters also want Gas Tax and Registration Revenues Used for Roads and Bridges – not Subsidizing NJ Transit
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Fairleigh Dickinson University, Madison, NJ, according to the latest results from the FDU Poll, sponsored by the Fuel Merchants Association of New Jersey, New Jersey voters support the recently passed fees on electric vehicles by more than a 2 to 1 margin. The survey questions, which monitored the opinions of voters on transportation funding, also show that a majority of voters (58-34) want gas tax and vehicle registration revenues to be dedicated to funding roads and bridges, rather than used to subsidize New Jersey Transit.
Continue reading The Majority of NJ Voters Support Increased Fees for EVs
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Ridgewood NJ, automakers throughout the United States have invested substantial sums into their electric vehicle (EV) strategies in recent years, channeling funds into various aspects such as new product development, engineering advancements for lighter and more powerful motors, and the establishment of new manufacturing facilities. However, despite these hefty investments, it appears that the cost may not be yielding favorable returns, as EV manufacturers across the nation reportedly face significant losses with each vehicle sold.
Continue reading Automakers Lose $6,000 per Electric Vehicle
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Paramus NJ, on Thursday, Hertz Global Holdings (HTZ.O) announced plans to divest approximately 20,000 electric vehicles (EVs) from its U.S. fleet, constituting roughly one-third of its global EV fleet.
Continue reading Hertz Dumps 20,000 EVs from US Rental Fleet
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Trenton NJ, on behalf of the Fuel Merchants Association of New Jersey, Eric DeGesero released the following statement in regards to NJDEP‘s comment period on Advanced Clean Cars II regulations:
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Ridgewood Nj, speaking of EV’s , Car and Driver magazine’s testing director Dave VanderWerp has compared the EPA’s fuel economy and range estimates to the results of his own real-world highway tests.
Continue reading Car and Driver magazine: Electric Vehicles Range is Greatly Exaggerated
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Paramus NJ, Tesla revealed steep price cuts on its lineup of cars on Thursday. Its car prices have been lowered by up to 30 percent when the latest EV tax credits are applied as well. The price cuts could signal the beginning of a price war in the EV market. Several manufacturers are launching new EVs this year, but production will be limited. Tesla’s offerings are now well below several competitors.
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Paramus NJ, Tesla has revealed a wireless charging mat inspired by its Cybertruck’s angled design. The mat supports Qi-compatible devices and can charge up to three devices at a time at 15 watts each. It uses a charging technology called FreePower that allows devices to be charged in any position on the mat. Tesla’s Wireless Charging Platform can be preordered for $300 and will start shipping in February.