Tough Roads Ahead: Why This Week Was a Setback for EVs

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In this episode, we discuss the hurdles EVs are currently facing, from fire safety issues to taxation and security concerns. Here's a breakdown of the key points covered:
  • Fire Risks:
    • According to a Wall Street Journal article, the best way to handle an EV fire is to let it burn out due to the high energy potential in EV batteries.
    • Municipal fire departments are acknowledging this unique risk, highlighting the challenges of extinguishing EV fires.
  • Increased Road Damage Fees:
    • Proposals are being made to charge EV owners additional fees for road maintenance due to the heavier weight of electric vehicles.
    • Despite saving on gas and maintenance, EV drivers may face higher costs elsewhere.
  • Cybersecurity Concerns:
    • EV chargers, connected to electricity and computer networks, are vulnerable to hacking.
    • Risks include potential voltage manipulation, which could damage cars, short-circuit networks, and compromise the power grid.
  • Slowing Transition:
    • Inventory backlogs are growing as fewer people are buying EVs, even with price cuts and rebates.
    • Concerns around fire safety, road damage, and security may be contributing to this hesitation.
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Tough Roads Ahead: Why This Week Was a Setback for EVs
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