Heres

As prices top $4 a gallon, should you consider an electric vehicle? One consideration: They’re more expensive to insure and repair. Here’s why.

Not only are electric-vehicle sticker prices higher on average than comparable cars and SUVs with traditional internal-combustion engines (ICE), the cost to insure an EV outruns its gasoline-guzzling cousins.

Is that because it’s challenging a 100-year-old auto market, and an even older insurance industry with specialized technology? Or because it’s the Roadster, whose speedometer tops out at 250 miles per hour?

The answer is, well, both.

That’s because insurance premiums are built on damage and repair histories, which for EVs is small, yet expanding. EVs are, in many ways, more simply built, with less components, than traditional cars.

But the experts allocated to fix them are still getting up to speed. And parts —semiconductor chips, for starters — can be hard to source, or are subject to trade conditions, even before COVID-19 supply-chain issues disrupted the flow of goods.

“There’s a lack of data or experience with insuring and

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Here’s when you can look forward to used car prices finally going down

After months of price hikes, used cars may finally get less expensive. A report released recently by accounting and consulting firm KPMG suggests prices may slide by as much as 30% by this time next year.

In just five months, the average asking price for a used car climbed from about $21,000 to over $27,000, according to Cox Automotive.

KPMG analysts predict demand will taper and supply will increase by as early as October 2022.

Still, KPMG notes continued interruptions caused by COVID-19 variants could disrupt the supply chain and make it difficult for automakers to source critical parts for new vehicles.

Also see: Why is it so hard to find an auto mechanic these days?

The financial impact of declining used car values

Consumers who have taken out loans to buy used cars over the past few months may be in for a shock if values tumble. A consumer

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Here’s what defines a self-driving car

Despite what some companies may say, there are no self-driving cars on sale. None. Zip. Not a single system currently bundled with a new car meets the SAE Scale of Autonomy’s standard for a true autonomous car. That includes Super Cruise from General Motors, BlueCruise from Ford and Tesla’s Full Self-Driving beta.

I largely agree with former Alphabet Chairman Eric Schmidt’s view that “it’s a bug that cars were invented before computers.” In terms of sheer technical elegance, we never should have been at the controls in the first place. 

Imagine we hadn’t yet invented automobiles. Suppose I Iaid out a vision for using 3,300 pound machines to typically transport just our 175-pound selves in a process requiring we pay rapt attention to the use of a steering wheel and pedals to navigate roads composed of asphalt, brightly colored suggestions and poorly guided machines like ours which, even after

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Here’s Why Cars.com Stock Is Bucking the Trend Today

What happened

Shares of automotive marketplace platform Cars.com (NYSE:CARS) are bucking the trend in the markets today. While the Dow Jones Industrial Average is dropping almost 1,000 points, or 2.75%, Cars.com stock is soaring. As of 11:39 a.m. ET, Cars.com shares were trading near highs of the day, up just over 19%. 

So what

The surge in shares comes on the first trading day after it was announced that Cars.com stock will be added to the S&P SmallCap 600 index. That change won’t occur until Dec. 2, but a move into an index will cause some mutual and exchange-traded index funds to buy the shares. That has other investors jumping in ahead of them today. 

People shaking hands while one hands car keys to the other.

Image source: Getty Images.

Now what

Cars.com will replace DSP Group, which is being acquired by S&P MidCap 400 member Synaptics in a deal expected to close Dec. 2. Today’s surge in the share

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