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The program is aimed to promote the sale of 400,000 electric vehicles. The cost of the purchase incentive is shared equally between the government and automakers. Electric car buyers get a €4000 (US$4,520) discount while buyers of plug-in hybrid vehicles get a discount of €3000 (US$3,390).
In automobile engineering, electric vehicle conversion is the replacement of a car's combustion engine and connected components with an electric motor and batteries, to create a battery electric vehicle (BEV). There are two main aims for converting an internal combustion engine vehicle (aka combustion vehicle) to run as a battery-electric vehicle.
Car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. When used, and for the purpose of assessing the private financial costs, one must consider only the interests paid by the car owner, as some part of the amount the owner pays each month for the finance is already embedded in the depreciations costs.
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The term "electric car" typically refers specifically to battery electric vehicles (BEVs) or all-electric cars, a type of electric vehicle (EV) that has an onboard rechargeable battery pack that can be plugged in and charged from the electric grid, and the electricity stored on the vehicle is the only energy source that provide propulsion for ...
During the Golden Age of the electric car at the beginning of the 20th century, the EV stock peaked at about 30,000 vehicles. [129] The global stock of plug-in electric vehicles between 2005 and 2009 consisted exclusively of all-electric cars, totaling about 1,700 units in 2005, and almost 6,000 in 2009.
According to a 2010 study by the National Research Council, the cost of a lithium-ion battery pack is about US$1,700 /kW·h of usable energy, and considering that a PHEV with 10 km (6.2 mi) of electric range requires about 2.0 kW·h and a PHEV with 40 km (25 mi) of electric range about 8 kW·h, the estimated manufacturer cost of the battery ...
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