Category: ELECTRIC CARS IN CANADA

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If you’ve looked at buying a new or used car recently, you probably came away from the dealer’s lot with some serious sticker shock. In March of 2022, the average price of used cars was up more than 35% from where it was 12 months prior, according to the Bureau of Labor Statistics.

It’s been this way for months: While the March 2022 inflation figure for used cars was slightly less than it had been in the previous three months, it was still the 12th straight month of double-digit inflation for used cars.

Much of that sustained increase in prices can be blamed on the global microchip shortage that continues to slow production of new vehicles, says Brian Moody, executive editor at Autotrader. “The lack of availability of new cars creates pressure on used cars, which then causes prices to go up” across the board, he says.

In addition, fewer transactions for new cars creates its [...]

 

Top 10 Electric Car Myths, Busted By Sami Haj-Assaad

Electric vehicles (EVs) have seen vast improvements over the years, mitigating many of the concerns shoppers have had about them in the process. Worries about range, reliability, charging infrastructure, and even production have been addressed in some way, with few reasons remaining to keep an EV off your consideration list. Still not convinced? We’re here to help debunk some myths around these all-electric rides.

1 – EVs don’t have enough range

When EVs first hit the mainstream market, their range was a concern since they had small batteries and there weren’t many places to charge them. These two factors have changed significantly, and only a few pure EVs deliver less than 200 km of [...]

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