The end of the $7,500 federal EV tax credit has raised new questions about whether electric vehicles are still worth buying. A detailed total cost of ownership analysis shows that despite higher upfront prices, EVs often remain the cheaper option over time thanks to lower fuel and maintenance costs—especially when compared to traditional gasoline-powered cars.
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LFP (lithium iron phosphate) batteries are transforming the EV market by offering lower costs, greater durability, and reliable daily performance. Automakers like GM, Ford, Rivian, and Tesla are embracing LFP chemistry to produce affordable EVs for the U.S. market, with models like the 2027 Chevrolet Bolt and Ford’s upcoming midsize EV leading the charge. While LFP packs trade some range and cold-weather performance for affordability, they could finally bring EVs into the mass-market spotlight.
Cold temperatures reduce electric vehicle range, but new real-world data from Recurrent shows the impact may be less severe than many drivers expect. Analyzing tens of thousands of vehicles, the study highlights how heat pumps, thermal management systems, and software tuning can significantly influence winter efficiency—and which EVs are best prepared for cold-weather driving.
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