Here's Why Automakers Are Reviving Extended-Range EVs despite Initially Flopping - TipRanks.com
Briefly

Automakers are reviving extended-range electric vehicles (EREVs), which operate primarily as electric vehicles but include a gas engine for charging. Despite earlier models failing to sell well, new EREVs by manufacturers like Ram, Volkswagen, and Jeep aim to address the needs of long-distance drivers and those lacking charging infrastructure. EREVs are cheaper to produce than full EVs due to their smaller batteries, and their sales are increasing faster than fully electric cars as consumers prioritize practicality. This resurgence may assist in the wider adoption of electric vehicles.
Interestingly, earlier models, like the Chevy Volt, never sold well, and EREVs have mostly vanished after 2022. However, companies like Ram are planning more EREVs.
EREVs are cheaper to make than full EVs as they use smaller batteries and are less complex. This affordability may help transition more drivers to electric vehicles.
Sales of hybrids and plug-in hybrids are growing faster than fully electric cars, driven by buyers' focus on price and practicality.
EREVs provide an attractive solution for those who drive long distances or lack easy access to charging infrastructure, helping reduce range anxiety.
Read at TipRanks Financial
[
|
]