today:
521
yesterday:
566
Total:
1,896,479

Business Info

Irvine's tourism information is coordinated through the Destination Irvine program run by the Chamber of Commerce. The program provides information on Irvine as a place to vacation and as a destination for meetings, events and other business initiatives. Irvine has been rated one of the top cities for start-up businesses and its strong, fast-growing economy helped place Orange County as one of the top ten fastest growing job markets.

New data out of AAA finds the shift to EVs (electric vehicles) might happen faster than the industry expected.

AAA’s latest consumer survey finds that one-quarter of Americans say they would likely buy an EV for their next car purchase. The survey finds that among generations, millennials lead the way with 30% wanting an EV next and that the major factor in driving that decision is to save money on fuel costs, with 77% of respondents citing that as the top reason.

“The increase in gas prices over the last six months has pushed consumers to consider going electric, especially for younger generations,” said Greg Brannon, AAA’s director of Automotive Engineering and Industry Relations, in a statement.

While EV supporters may cheer these results, a number of survey respondents said they were hesitant to purchase an EV, with a number of concerns keeping adoption lower. Among those reasons cited were:

  • Higher purchase price – 60%

  • Concern there are not enough places to charge – 60%

  • Concern about running out of charge when driving – 58%

  • Unsuitable for long-distance travel – 55%

  • High cost of battery repair or replacement – 55%

Also, while 25% of respondents say they will buy an EV, actual sales numbers are not bearing this out, at least not yet. New data out of KBB finds a record number of EVs were sold in Q2, up 66% from a year ago. KBB also reports EVs now make up 5.6% of the car market, a strong showing versus the 2.7% it made up a year ago.

But that 5.6% of overall sales is still a small fraction of the 25% that say they would be an EV.

No. Subject
» Quarter of Americans say they're likely to buy an EV next as sales jump
115 Tesla workers are in hot demand at Apple, Amazon and at EV rivals Lucid and Rivian file
114 As Tesla Demand Increases, Delivery Wait Times Get Longer file
113 Fed Takes Aggressive Action in Inflation Fight: Live Updates file
112 Elon Musk Sees These 2 Prominent EV Makers Headed Toward Bankruptcy file
111 What Does Elon Musk Mean By The Tesla Tech Tree? Inside A $5.5 Trillion Opportunity
110 Tesla's Most Advanced EV Battery To Be Mass-Produced By South Korean Giant With $450M Investment file
109 Tesla is considering sites for new factory in Canada and Mexico, along with the US
108 Elon Musk sent all Tesla employees about 10% head count reduction file
107 Elon Musk asks all Tesla employees to come back to the office or quit file
106 Musk plans to open all-night Tesla diner and charging station file
105 The stock market is freaking out because of the end of free money
104 Tesla China Plant Continues to Make Cars; No Halt Notice
103 Tesla's 9-Word Rule file
102 Tesla Raises Model Y Prices Again In Canada Amid Inflation, Supply Chain Woes file
101 Tesla has updated the Model S and Model X with a new motorized swivel function for the center screen. file
100 Tesla and Other EV Stocks Have a Battery Problem
99 Tesla’s second assembly line near Shanghai Gigafactory to add 450,000 units of annual capacity file
98 Fed Meeting Decision Looks Baked, But Outlook Is Far From Certain file
97 Elon Musk's Brother Kimbal Met Ukraine Leaders To Discuss Rebuilding Projects 'After The War' file