Tesla Growth Drives BEV Market-Share Increase

BEV market-share jumped to 5.2% in Q3 2022, thanks primarily to Tesla Sales East Lansing, MI–October 13, 2022: In the third quarter of 2022, the share of BEVs in the U.S. auto market reached 5.3% after selling around 176,000 units in Q3 2022, slightly higher than the previous quarter. In the same quarter of the […]

Fueling Costs Rise for Both ICE and Electric Vehicles in Q3 2022

Mid-priced EVs cost their drivers $0.50 more in Q3, Mid-priced ICE up only $0.16 Print or download release East Lansing, MI–October 10, 2022: In the third quarter, traditional Internal Combustion Engine (ICE) vehicles saw a modest rise in fueling costs over Q2. The $0.16 increase is notably less than the $0.50 increase for EV home-fueling […]

Likely Impact of Averted Rail Strike

Likely Cost to US Consumers and Businesses of a National Railroad Strike The following is a summary of an analysis of the potential costs to US consumers and businesses of a railroad strike that could have occurred shortly after midnight on Friday, September 16, 2022. It was prepared by Patrick L. Anderson, principal & CEO […]

At Least Four “IRA” Provisions Will Negatively Affect Sales of Electric Vehicles

An estimated 3/4 of recent EV purchases would no longer qualify for tax credits under the proposed “Inflation Reduction Act” August 9, 2022 – East Lansing, Michigan: An analysis by the automotive industry experts at Anderson Economic Group indicates that the “Inflation Reduction Act” bill passed by the Senate on Sunday August 9 contains at […]

Mid-priced ICE vehicle fueling costs up over $2 per 100 miles in Q2 2022

Cost to fuel a mid-priced EV up more than $2 over 2021 Q2 prices Print or download release East Lansing, MI–August 1, 2022: The cost of fueling a traditional Internal Combustion Engine (ICE) vehicle grew by about $2 per 100 miles in the second quarter, driven by the high cost of gas. In the same […]

Mid-priced ICE vehicle fueling costs up over $1.30 per 100 miles in Q1 2022

Cost to fuel a mid-priced EV up less than $0.10 over 2021 prices Print or download release East Lansing, MI–May 11, 2022: The cost of fueling a traditional Internal Combustion Engine (ICE) vehicle grew by more than $1.30 per 100 miles in the first quarter, driven by the high cost of gas. In the same […]

Legal Cannabis Market Grew Steadily Through July 2021, but Volatile Since Then

EAST LANSING, Mich. – The legal cannabis market in the U.S. showed steady growth throughout 2020 as more states legalized cannabis and products became more widely available, peaking in summer 2021, according to Anderson Economic Group’s AndCan®Index, part of its new cannabis dashboard released today. Since its peak in July 2021, the market has been […]

Real World Cost of Fueling EVs and ICE Vehicles (2nd Edition)

High Gas Prices Boost Electric Vehicle Value Proposition in 2021 Patrick L. Anderson, Principal and CEO Alston D’Souza, Senior Analyst 2nd Edition of comprehensive fueling cost study shows that, for EV drivers primarily charging at home, mid-priced EVs typically cost 50 cents more; luxury EVs $5 less per 100 miles  Anderson Economic Group has released the […]

Automotive Industry Alert: Burning Felicity Ace Could be a Half-Billion Dollar Disaster

February 21, 2022 – East Lansing, MI – The giant car-carrying Felicity Ace began to burn last Wednesday, and its crew safely abandoned ship the same day. Based on Thursday’s initial reports (which indicated the entire crew had abandoned ship and that the vessel was still burning), we estimated impending losses while presuming some salvage […]

UPDATED “Freedom Convoy” Disruptions: Direct Loss Tally Surpasses One Quarter Billion Dollars

February 14, 2022 – East Lansing, Michigan –Anderson Economic Group has updated our February 10th estimate of lost auto industry wages due to the trade disruptions in Sarnia and Windsor, Canada associated with the “Freedom Convoy” protests. Our updated estimate includes lost direct wages for Michigan, lost direct wages in Ontario, and some lost direct […]