Volvo PHEV review, EV insurance cost, cable theft, Big Oil pushback: Today’s Car News

EVs nonetheless price extra to insure. Thieves are taking a look at fats charging cables as a fats paycheck (however they’re not). The oil trade is talking up towards EPA requirements—and submitting court docket circumstances. And we plug in Volvo’s plug-in hybrid sedan and see why it’s pointing to EVs. This and extra, right here at Inexperienced Automobile Reviews. 

In a review of the Volvo S60 Recharge plug-in hybrid, Inexperienced Automobile Reviews discovered this highest-mpg, highest-mileage PHEV from Volvo to be slightly confused about its hybrid id however extra electrical when it counts in comparison with earlier PHEVs from the model. 

The oil industry challenged EPA vehicle standards this previous week—requirements that had already been softened for mild vans versus their earlier proposal. Spurred by guidelines that emphasize plug-in automobiles and largely ignore ethanol, the American Petroleum Institute says the requirements quantity to an electrical automobile mandate (it’s technically not). It hadn’t pushed again as strongly vs. the final spherical of requirements, so its timing in an election 12 months is probably going no mistake.

Extra knowledge has rolled in from the insurance coverage trade, sadly underscoring a development that makes electrical automobile possession slightly extra sophisticated: EVs are more expensive to insure. Why? In its newest threat report taking a look at calendar-year 2023, LexisNexis doesn’t level to particulars however says EVs have a 17% greater declare frequency and 34% greater declare severity (by price) versus “conventional segments.”

And the fats cables on business EV chargers are becoming a magnet for thieves, based on a current AP report taking a look at crime statistics and checking in with charging networks. That’s left EV drivers pissed off and charging corporations with huge restore payments. It prices about $1,000 to switch every cable which may finally comprise $15 of hard-to-extract copper.

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