EpiAnalytics, Part of J.D. Power

Explore the world of EV economics with data from the J.D. Power EV Index in this week's Automotive News Topics include: - EV vs. ICE Cost of Ownership across the U.S. - New Jersey case study on state incentives - Tackling affordability with pricing, incentives, and trim packages - Premium makes leveraging tax credits for EV leasing - Predictability of used EV values - Impact of the IRA on EV sales prices - Limitations of EV tax credits and OEM strategies ⚡⚡⚡Read more at the link! #AutomotiveNews #EVEconomics #EVIndex #ElectricVehicles #AutomotiveIndustry

The 2024 J.D. Power U.S. Automotive Performance, Execution and Layout (APEAL) Study results are coming next week! Benefits for study subscribers will include: 🚘 An understanding of how well each new vehicle provides positive experiences, based on feedback from nearly 85,000 new vehicle owners 🚘 Fresh insight into the most loved and marketable aspects of this year's new vehicles to inform strategy for boosting Net Promoter Scores 🚘 Additional actionability to ALG valuations and resulting strategic decisions Subscribing clients will receive access on July 23, and high-level findings will be released publicly on Thursday, July 25. Sign up to receive a copy of the press release → https://lnkd.in/g3zZn6hW #APEALStudy #Automotive #CustomerExperience #NetPromoterScore

⚡ ⚡ ⚡ Richard Hall, head of ZappyRide EV products at J.D. Power, delves into the complexities of calculating the true total cost of ownership (TCO) for EVs. Hall highlights the importance of considering various cost factors, including purchase price, incentives, maintenance, insurance, and infrastructure expenses. While EVs often have higher initial costs, they can offer significant savings over time through lower fuel and maintenance expenses. Hall emphasizes that understanding TCO requires a data-driven approach, considering all relevant factors and projecting costs and savings over time. This approach is critical for making informed decisions about transitioning to EVs. To read more about Hall’s insights and detailed analysis, click the link below. 👉 https://hubs.la/Q02G-f2-0 #EVs #Sustainability #TCO #ElectricVehicles #FleetManagement #JDPower #ZappyRide #AutomotiveInnovation #GreenFleet

Overall satisfaction with car manufacturer websites is the highest it has been in 3.5 years, thanks to an increase in inventory and incentives! Congratulations to Mercedes-Benz USA and Chevrolet for ranking highest in their respective segments! Read more results from the 2024 U.S. Manufacturer Website Evaluation Study—Summer release and access full brand rankings → https://hubs.la/Q02GQswk0 #JDPower #MWES #ManufacturerWebsite #Automotive #Auto #Cars

As electric vehicles grow in popularity, consumers are increasingly interested in used EVs as a cost-effective entry point. However, apprehensions about battery health and longevity remain significant barriers. According to David Sargent, vp and head of connected vehicle practice at J.D. Power, a robust battery health certification process could be the key to overcoming these concerns. An overwhelming majority of consumers find a battery health check essential when considering a used EV. With potential buyers worried about battery degradation and brand perceptions influencing their decisions, a trusted, independent certification can provide the reassurance needed to make informed purchases. By leveraging comprehensive data and advanced algorithms, companies like J.D. Power and Motorq Inc. are paving the way for more transparent and reliable assessments of EV battery health. This not only boosts consumer confidence but also enhances the market value of used EVs. Read more at Automotive News about how EV battery certification can transform the market and provide peace of mind to consumers in David Sargent's insightful commentary: https://hubs.la/Q02FHcyN0 #ElectricVehicles #EVBattery #Sustainability #AutomotiveInnovation #JDPower #ConsumerTrust #EVMarket #UsedEVs

We wrapped up the 2024 #NYAutoForum with a day packed with phenomenal speakers and actionable insights. Mark your calendars and join us next year on April 15, 2025, for another engaging experience. #AutomotiveIndustry #FutureTrends Photo Credit: Drake Sorey

Home charging emerges as a beacon of satisfaction for EV owners, says the J.D. Power 2024 U.S. Electric Vehicle Experience (EVX) Home Charging Study. With overall satisfaction scores climbing, particularly for Level 1 portable chargers, the convenience of home charging underscores its importance in the EV ecosystem. Despite this, a need for improved consumer education on installation incentives and utility programs remains. Tesla leads for the fourth year in Level 2 permanently mounted charging stations. Read more about the insights and rankings here: https://hubs.la/Q02qKMmj0 #ElectricVehicles #HomeCharging

🚗 The 2024 Automotive Forum is TOMORROW! Join us for an unparalleled lineup of industry experts ready to dive into the crucial trends shaping the automotive world. From challenges to opportunities, gain the insights needed to navigate the future of the industry. 🔗 Last chance to register for #AutoForumNY!  https://hubs.la/Q02qzyQl0

Coming Up: The J.D. Power U.S. Electric Vehicle Experience (EVX) Ownership Study Results The forthcoming J.D. Power U.S. Electric Vehicle Experience (EVX) Ownership Study promises in-depth insights into EV owner satisfaction across both premium and mass market segments. This meticulous evaluation spans 10 key factors: - Accuracy of stated battery range - Availability of public charging stations - Battery range - Cost of ownership - Driving enjoyment - Ease of charging at home - Interior and exterior styling - Safety and technology features - Service experience - Vehicle quality and reliability As the automotive industry continues to evolve, these findings will shed light on what current EV owners truly value. 🔍 Stay tuned for the results: https://hubs.la/Q02qjW9Y0 #ElectricVehicles #EVOwnership #AutoIndustry #Sustainability

🚗 March 2024: Vehicle Sales Surge! 📈 Straight from the J.D. Power-GlobalData Forecast March 2024: The automotive industry is witnessing an upswing in sales. March sees a significant 12.1% year-over-year increase, with 1,525,700 units sold. This momentum has propelled Q1 to record levels, with consumer spending topping $129 billion on new vehicles—a first for Q1. Find out more in the press release: https://hubs.la/Q02qjW-c0 #AutomotiveTrends #AutoIndustry