The U.S. Treasury has reported a significant milestone in electric vehicle (EV) adoption, with $2 billion in tax credits issued for over 300,000 EVs since January 1st. This surge in EV purchases comes as new point-of-sale tax credit rules took…
Ford’s electric vehicle ambitions have hit some roadblocks, as reported by The New York Times. The automaker is facing challenges with its Mustang Mach-E and has cancelled plans for a three-row electric SUV. Mach-E Troubles and Market Realities The Mustang…
Ford CEO’s China Trip Sparks Major EV Strategy Shift Jim Farley, Ford’s chief exec, is sounding the alarm after a recent China visit left him shaken by the country’s EV prowess. The Wall Street Journal reports that this wake-up call…
The 2025 Hyundai Ioniq 5 is set to make waves in the EV market with significant upgrades, including a native Tesla-based charging port and larger battery options. According to The Verge, these changes position the Ioniq 5 as one of…
Hyundai is charging full speed ahead into the electric future, unveiling an ambitious plan to launch 21 fully electric vehicles by 2030. This news, reported by The Verge, highlights the Korean automaker’s commitment to electrification across its lineup. The N…
Ford is rethinking its electric vehicle strategy, putting the brakes on plans for an all-electric three-row SUV and shifting focus to hybrid models instead. This move comes as the automaker grapples with profitability challenges in the EV market, according to…
Ford is rethinking its electric vehicle strategy, betting that hybrid technologies might be more appealing to family car buyers than full EVs. This shift comes amid concerns over high EV prices and range anxiety, according to a recent report from…
According to a recent investigation by WIRED, some electric vehicles are experiencing severe depreciation, losing up to $600 per day in value. This trend presents both challenges and opportunities in the evolving EV market. Steep Drops in EV Value Some…
In a surprising turn of events, law enforcement agencies across the United States are increasingly adopting electric vehicles (EVs) for their fleets, according to a recent report by The Atlantic. This shift towards electrification is driven not by environmental concerns,…
Ford Motor Company CEO Jim Farley expressed growing optimism about the automaker’s ability to produce electric vehicles (EVs) profitably in the U.S., thanks to supportive government policies, reports Axios. This development is crucial as Ford, the second-largest EV brand in…
The U.S. auto safety watchdog is delving deeper into the recent recall of Ford’s electric vehicle, the Mustang Mach-E. The key concern? Whether Ford’s recall sufficiently tackled the issues at hand. In June 2022, Ford pulled back nearly 49,000 of…
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