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USA Today
2 days ago
- Automotive
- USA Today
Do electric vehicles do well in hot weather? How high temps could affect your EV and how to ensure better performance
Will high summer temperatures affect how electric vehicle owners drive? Summer has just begun and it's already shaping up to be a scorcher. Several states are reaching record high temperatures. There were over four million electric vehicles on American roads in 2024, with EVs accounting for 1.4% of all vehicles, according to Experian Automotive. Some companies like General Motors are selling more electric vehicles than ever before. So, are millions of American electric vehicle owners going to have issues charging and driving their EVs this summer? How does extreme heat affect electric vehicle performance? Most major automakers including Ford, General Motors, Toyota, Honda, Nissan, Volkswagen, and more have rolled out electric vehicle nameplates. Though the United States' EV adoption process may be sluggish compared to other countries, electric vehicles have become ubiquitous in some of the largest cities in America like Los Angeles and San Francisco. One of the greatest challenges that electric vehicle owners face is performance issues related to extreme temperatures. Most popular electric vehicles transfer power to wheels using lithium-ion batteries and electric motors. These batteries are extremely sensitive to very high and low temperatures. High temperatures can cause a loss of driving range, battery degradation, and slower charging times, according to Car and Driver. Ultimately, driving an electric vehicle in extreme heat is taxing on the vehicle's battery. Additionally the constant operation of an EV's air conditioning system can further deplete driving range. Drivers who only plan on traveling for short distances in extreme temperatures may not need to be concerned. On the other hand, drivers relying on an EV's full driving range in optimal conditions may encounter frustrating performance issues. How car brands are working to combat electric vehicle performance issues Many automakers have developed thermal management systems for modern electric vehicles. These systems use liquid or air cooling methods to cool lithium-ion batteries. If these thermal management systems are ineffective an electric vehicle could be rendered immobile (or worse) due to the battery overheating. Some electric vehicles have even caught on fire while charging due to overheating lithium-ion batteries. These events aren't exclusive to summer or extreme temperatures, but heat can exacerbate battery issues for EVs prone to overheating. Luckily for American drivers, while weather-related performance issues are tedious, there are plenty of measures owners can take to avoid major issues. Ways to prevent electric vehicle performance issues in extreme heat There's no surefire way to prevent an electric vehicle from overheating in extreme temperatures, but there are steps drivers can take to keep their EVs cooler and ensure better performance. Owning an electric vehicle in extreme heat isn't always convenient. That said, there are workarounds that drivers can resort to if battery depletion or overheating is a concern.
Yahoo
16-04-2025
- Automotive
- Yahoo
Tesla's California ZEV Share Falls Below 50% as Buyer Sentiment Wanes
April 16 - Tesla (NASDAQ:TSLA) saw its vehicle registrations in California fall 15% year over year in the first quarter, marking its sixth consecutive quarterly decline, according to data from Experian Automotive. The drop comes despite an 8% increase in total new car registrations across the state during the same period. Tesla's share of the Zero Emission Vehicle (ZEV) market in California fell to 43.9%, slipping below the 50% threshold for the first time. A year ago, the automaker commanded over 55% of the ZEV segment. The California New Car Dealers Association attributed the ongoing decline in part to Tesla's direct-to-consumer sales approach and CEO Elon Musk's polarizing public profile. The association also warned that mandates alone won't sustain EV growth if customer demand fades. Overall, ZEVs now account for 20.8% of all new car sales in California, down from 22% a year earlier. Tesla still held the third spot in the state's overall vehicle market with a 9.1% share, trailing Toyota (NYSE:TM) at 16.5% and Honda (NYSE:HMC) at 10.8%. For the full year, California's new car registrations are forecast to dip 2.3% to 1.71 million, the CNCDA said. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
16-04-2025
- Automotive
- Yahoo
Tesla Slips Further in California as Sales Decline for Sixth Straight Quarter
Tesla (NASDAQ:TSLA) stock fell over 3% on Wednesday following new data showing another drop in vehicle registrations in California, one of its most important markets. According to Experian Automotive, Tesla's car registrations in the state fell 15.1% year-over-year in Q1 marking the sixth consecutive quarterly decline. This trend stands in contrast to the broader auto market in California, which saw total new vehicle registrations rise 8.3% during the same period. The California New Car Dealers Association (CNCDA) pointed to Tesla's direct-to-consumer sales model and CEO Elon Musk's public image as possible factors contributing to the brand's decline in appeal. Tesla's share of the state's Zero Emission Vehicle market slipped to 43.9%, down 11.6% from the prior year. ZEVs now make up 20.8% of total car sales in the state, down from 22% a year ago signaling broader headwinds for the segment. For the full year, overall new car registrations in California are projected to dip 2.3% to 1.71 million units. Toyota (NYSE:TM) led the market with a 16.5% share, followed by Honda (NYSE:HMC) at 10.8%, with Tesla holding 9.1%. The data suggests shifting consumer preferences are complicating California's ambitious EV targets. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
05-02-2025
- Automotive
- Yahoo
A San Francisco man wants Dave Ramsey to talk him out of buying a Lamborghini — Here's the money guru's advice
Like many Americans, Leon from San Francisco, California has always had a dream car. But unlike most Americans, he may actually be able to afford it. The 39-year-old called into The Ramsey Show to get a gut check on whether he should purchase a Lamborghini Huracan worth $250,000. A near-record number of Americans are grappling with $1,000 car payments and many drivers can't keep up. Here are 3 ways to stay ahead 5 ways to boost your net worth now — easily up your money game without altering your day-to-day life Cost-of-living in America is still out of control — use these 3 'real assets' to protect your wealth today After years of working hard and some 'nicely-timed company acquisitions' he says he's managed to boost his annual salary to $300,000, not including a 30% bonus, and his net worth to $3.66 million. With these impressive numbers, Dave Ramsey was open to the idea. 'You can afford the car if you want it,' he told Leon. However, co-host Ken Coleman was much less enthusiastic, warning against the purchase and consequent steep car payments. Coleman and Ramsey's different perspectives shed light on the struggle of deciding whether it ever makes sense to knowingly indulge in frivolous spending. Although he's a millionaire, Leon's dream car is still an indulgence. An Experian Automotive study covered by Ramsey Solutions found that 61% of millionaires actually drive average cars like Hondas, Toyotas and Fords. So it seems many wealthy Americans choose to steer clear of supercars. Ramsey explains that a good rule of thumb is that vehicles should not cost more than 50% of your annual income. Leon's $250,000 purchase would violate this rule. Nevertheless, Ramsey understands his temptation, given his own passion for luxury cars. 'I got a 1960 Corvette,' he confessed. Dreaming about luxury cars is not uncommon. A Carvana survey found that 12% of drivers dream about getting behind the wheel of an Aston Martin DB5 from 'James Bond,' while another 11% would love to take the Ford Mustang GT 390 from 'Bullitt' for a spin. Respondents also showed a preference for dream cars that have advanced technology (26%) and performance capabilities (25%) over other characteristics like fuel efficiency and comfort (20%). But that's what can make it more of a dream than a functional lifestyle match. There's another rule of thumb Ramsey suggests using when considering large purchases. 'If I took this money and set fire to it, does my life change? If the answer's yes, then it's too expensive,' he tells Leon. 'I think you can lose 8% of your net worth and probably not miss it.' Coleman, however, disagrees. Given the Lambo's hefty price tag, exposure to depreciation and Leon's outstanding mortgage of $739,000, he believes the dream car could turn into a nightmare. 'In this current situation, I would say no,' he said. 'I wouldn't do it, personally.' His concerns reflect the fact that many car enthusiasts can regret their luxury purchases. Read more: Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Many car buyers end up regretting their decision, according to a 2022 survey by Kelley Blue Book. A staggering 47% of respondents who purchased a vehicle had some regrets about the decision within the first year. Despite this risk, some drivers stretch their budgets for their dream cars. Roughly 8% of people who earn less than $100,000 a year own a luxury model, according to the Experian Automotive study Ramsey Solutions covered. To minimize this risk, Leon could consider waiting a few more years to pay off his mortgage, targeting a slightly more affordable or older version of his dream car or temporarily renting the car to indulge in his fantasy without the financial strain. However, he could also take Ramsey's approach and consider the money part of his entertainment budget. After all, the $250,000 price tag is between 6.8% and 6.9% of his total net worth — even lower than what Ramsey thinks he can get away with. But he may want to bank on getting his full bonus for a few years after to help with the payments. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) 'Savers are losers': Robert Kiyosaki warned that millions of 401(k)s and IRAs will be 'toast' — here's his advice for older Americans who want to protect their wealth Suze Orman: If you think you're ready to retire, think again — 4 critical money moves to avoid a financial crisis in retirement This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
