Tag: auto

Demand for Electric Cars Fuel Detroit Manufacturers to Invest in Car Charging Stations

The Associated Press

As the automotive industry fills the demand for electric cars, the country – and the world – will need thousands more plug-in charging stations for vehicles powered by batteries alone. And because they’re being asked to invest before that demand arrives, automakers and charging companies are struggling to raise the numbers.

Currently electric vehicles make up only about 1.3% of total new vehicle sales in the U.S., according to the Edmunds.com auto site. Electrics are much bigger in other countries, accounting for 2.6% of global new vehicle sales last year, the International Energy Agency says. There are now 26,000 electric vehicle charging stations open to the public in the U.S., with more than 84,000 plugs.

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Michigan Governor Signs Auto Insurance Reform That Will Lower Rates

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by Tyler Arnold   Gov. Gretchen Whitmer signed bipartisan auto insurance reform into law Thursday that will guarantee lower rates for all drivers in the state with the highest premiums in the country. “By signing this legislation, we are providing relief to millions of drivers across the state and guaranteeing a better auto insurance system for everyone,” Whitmer said in a news release. “This historic deal shows that, when we put party aside, we can find common ground on our state’s toughest issues to provide realistic and affordable coverage options for drivers across Michigan.” The legislation will eliminate a mandate that required every driver to purchase unlimited, lifetime personal injury protection (PIP) coverage. The PIP portion of a person’s auto insurance bill makes up about half the cost. The new legislation will allow drivers to choose from a series of options, all of which reduce their total bill. A driver that chooses to keep 100 percent PIP coverage will receive 10 percent off of the PIP portion of their bill. Drivers who choose $500,000 worth of coverage will receive a 20 percent reduction and drivers who choose $250,000 worth of coverage will receive a 25 percent reduction. Medicaid-eligible recipients can…

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Michigan House, Senate Pass Auto Insurance Reform, Governor Whitmer Expected to Sign

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by Tyler Arnold   The Michigan House and Senate passed auto insurance reform Friday with substantial bipartisan support after the House Republicans, Senate Republicans and Democratic governor struck a deal. Gov. Gretchen Whitmer is expected to sign the bill into law. The legislation will eliminate a mandate that required all drivers to purchase unlimited, lifetime personal injury protection (PIP) coverage. The unlimited PIP coverage mandate is unique to Michigan and caused the state’s average rates to be nearly double the national average. Detroit drivers paid nearly four times the national average. The PIP coverage accounts for nearly half of a driver’s insurance bill. After Whitmer signs the legislation, drivers will be able to choose from five PIP rate options and insurance companies will be required to lower their rates accordingly. A driver could choose to get rid of all of their PIP coverage, but only if he or she has private health insurance that covers auto accident injuries for the entire family, or the driver is an older person on Medicaid. They would save 100 percent on their PIP rates. Drivers could also choose to opt into $50,000 worth of coverage, which will be accompanied by a 45 percent rate…

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