When cold weather and EVs don’t mix
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 19 January 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
With much of the country frozen right now, some EV owners are going through their first frigid winter and finding that their cars don’t like the cold either. Turns out, EVs tend to lose range and take longer to charge when it’s colder outside. We’ll examine. Plus, Congress approves their third stopgap funding measure in four months, and we look at the factors that could keep a lid on home prices.
Transcript
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| 0:00.0 | I guess we'll just cross that budget when we come to it from Marketplace. I'm |
| 0:05.8 | Sabri Benashore in for David Brancaccio. We are four months into the |
| 0:09.2 | federal government's new fiscal year and Congress still does not have a budget. It has at least managed to |
| 0:15.0 | delay a crisis though passing a stopgap funding measure to keep the government from |
| 0:19.0 | partially shutting down this weekend. Marketplaces Nova Safo has more. |
| 0:22.4 | Lawmakers bought themselves a few more this weekend. The marketplaces of Nova Safo has more. |
| 0:23.2 | Lawmakers bought themselves a few more weeks to draft a full budget agreement that adheres to a |
| 0:27.8 | 1.7 trillion dollar deal reached between House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer. |
| 0:35.0 | The two sides still have to work out the details. |
| 0:37.5 | In bipartisan votes, the House and Senate yesterday approved their third stopgap funding measure |
| 0:42.1 | in four months, extending current |
| 0:44.3 | funding levels into March with two new deadlines affecting different parts of |
| 0:48.1 | the government, March 1st and March 8th. Meanwhile House Conservatives are pushing for spending cuts and more funding to enforce the U.S. |
| 0:55.8 | Mexico border. I'm Nova Safo for Marketplace. |
| 0:59.7 | The average rate on a 30-year fixed mortgage has been falling for several months now, hitting 6.75% last week, according to the Mortgage Bankers Association. |
| 1:09.0 | And this week, Fannie Mae is predicting rates could drop below 6% this year. |
| 1:14.4 | Lower mortgage rates might ordinarily mean more demand, |
| 1:17.8 | which would mean higher home prices. |
| 1:19.9 | But this time, maybe not. |
| 1:21.7 | Marketplace's Justin Ho reports. |
| 1:23.8 | A big factor that could keep home prices from rising too much |
| 1:27.0 | is if housing supply increases. |
... |
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