As gas prices rise, there’s a cheaper answer for many people than an electric car

Whenever gas prices spike, the same advice tends to dominate the conversation: “Just buy an electric car.”

And to be fair, that advice isn’t wrong. Electric cars can dramatically reduce the cost of fueling your transportation, and for drivers who already need a car every day, switching from gasoline to electricity can be a smart financial move. A large-scale shift to EVs is also our best bet for energy independence, so global strife has less impact on our wallets. But that argument, despite its merits, ignores the fact that most people can’t simply buy a new car to replace their existing gasoline-powered vehicle.

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EV prices fall again – and the gap with gas cars shrinks to $6,500

EV prices edged down in February, while gas-powered car prices crept up, narrowing the gap between the two, according to new estimates from Kelley Blue Book.

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MG unveils its first electric SUV with a semi-solid-state EV battery

After launching the first mass-produced EV with a semi-solid-state battery last year, SAIC Motor is following it up with the new MG 4X electric SUV.

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A reminder, as oil prices spike: EVs are the #1 route to energy independence

With the news of the US and Israel’s actions in Iran in the last ten days, which caused oil prices to surge by +50%, we are reminded again of how reducing oil demand can lead to less conflict and more energy independence – and electric vehicles are every country’s best bet for getting there.

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Anker SOLIX Spring Sale takes up to 65% off power stations + bonus exclusive savings, Segway MAX G30P e-scooter at $550, more

Our headliner for today’s Green Deals is Anker’s massive SOLIX Spring Sale lineup with up to 65% initial discounts, as well as an exclusive bonus savings code, free gifts on select models, and more, with prices starting from $120. One notable inclusion for folks looking for larger backup support for a variety of means is Anker’s 7,680Wh SOLIX F3800 Plus Portable Power Station with an expansion battery down at $3,608, among many others. We also spotted Segway having a flash sale on its 40-mile travelling MAX G30P Electric Scooter at a $550 yearly low, as well as several Greenworks, EGO, and Worx pole saw and pole hedge trimmer deals, and even more waiting for you below. And don’t forget the hangover deals at the bottom of the page, like yesterday’s Bluetti Elite 300 power station launch with exclusive bonus savings, Velotric’s Spring e-bike Sale lineup, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

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BYD explores Formula 1 entry as it looks to boost global brand

BYD, the world’s largest electric vehicle seller, is exploring an entry into Formula 1 as the Chinese automaker looks for ways to strengthen its brand recognition outside of China. The move would represent BYD’s first push into elite auto racing.

According to a Bloomberg report, BYD is considering options ranging from acquiring an existing team to potentially building one from scratch, though no decision has been made.

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Meet the Porsche Cayenne S EV, a 657 hp electric SUV with a +$125,000 price tag

Porsche added the all-electric Cayenne S to the lineup, designed to fill the gap between the base and Turbo models for those looking for performance at a more affordable price.

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Tesla, Google, Carrier launch coalition to save $100B+ by unlocking idle grid capacity

Tesla, Google, and Carrier are among the founding members of a new industry coalition called Utilize, which launched today with a bold claim: the US power grid is so underused that better utilization could save American consumers over $100 billion over the next decade.

The coalition, which also includes Renew Home, Sparkfund, SPAN, and Verrus, is targeting a problem hiding in plain sight — the US electric grid operates at just 53% of its total capacity on average, according to a Duke University analysis of 22 regional power systems.

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Ride1Up turns popular e-bike into new platform with three models

Ride1Up is expanding one of its most successful e-bikes into an entire platform. The company has announced three new versions of its Vorsa electric bike, transforming what started as a single model into a family of bikes built around the same core ride system but tailored to different types of riders. The new lineup includes the lighter and more agile Vorsa Lite, the original Vorsa configuration, and the new fat-tire Vorsa FT.

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Toyota’s $15,000 electric SUV surpasses 80,000 deliveries in China in its first year

The bZ3X, Toyota’s fully electric SUV, is a hit in China. After delivering over 80,000 units in its first year on the market, the bZ3X was the best-selling EV among joint ventures in China for five months straight.

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