Electric vehicle manufacturers have exaggerating the driving range of their vehicles by more than twice as much as advertised in some cases, according to a study by SAE International.
On average, electric vehicles fall short of their advertised range by 12.5%, according to a study by SAE International.
SAE International revealed that the range displayed on Tesla vehicle's dashboard is 26% lower than the car's ability.
Following a fourth-quarter earnings report, Tesla, the electric car company, saw its stock surge to another record high Thursday that blew past estimates, giving the leading maker of electric vehicles a market valuation of $115 billion.
The exaggerated range can be attributed to the testing procedures prescribed by the EPA. Although most manufacturers follow these guidelines, Tesla uses additional testing that may boost the car's purported range.
South Korean regulators fined Tesla $2.1 million for exaggerating the performance of their vehicles in 2019.
The fine came after it was discovered that Tesla cars drove half of their advertised distance when used in cold weather, according to Reuters.
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