Extended-Range Electric Vehicles (EREVs)

SOURCE www.bloomberg.com
Yuan, a Shanghai resident, opted for an extended-range electric vehicle (EREV) over pure electric vehicles due to concerns about running out of battery. He purchased a Li Auto L6, a popular model in China, for around $34,000.

Key Points

  • Yuan opted for an EREV over pure electric vehicles due to concerns about range anxiety and charging hassle
  • EREVs like the Li Auto L6 offer a solution for longer drives and alleviate worries about charging infrastructure

Pros

  • Longer driving range of over 600 miles on a single charge
  • Eliminates concerns about finding charging stations on the go
  • Combines benefits of electric vehicles with the convenience of a small internal combustion engine for recharging