Lucid Motors is gearing up to take on Tesla with a new mid-size electric SUV, set to launch in late 2026. This vehicle, expected to start around $48,000 to $50,000, is designed to compete directly with the Tesla Model Y.…
In a bold move to expand their global footprint, nearly 900 Chinese auto suppliers and a handful of EV makers are showcasing their products at the Automechanika trade fair in Frankfurt. This event, which typically focuses on suppliers, has added…
EY’s 2024 Mobility Consumer Index (MCI) survey has revealed a significant drop in consumer interest for electric vehicles (EVs) in the United States. Only 34% of US consumers plan to buy an electrified vehicle as their next car, marking a…
Used Tesla Cybertruck prices have been on a rollercoaster ride this year, but they’re now heading south fast. After peaking at around $185,000 in early April, the average price for a used Cybertruck has dropped to about $117,000 as of…
A solar and battery microgrid featuring Tesla tech has significantly cut diesel reliance and costs on Australia‘s Lord Howe Island. According to a new report from the Australian Renewable Energy Agency (ARENA), the system saved over $1.5 million in fuel…
Toyota Motor Corporation, the world’s leading automaker, has significantly scaled back its electric vehicle (EV) production plans for 2026, according to Reuters. This adjustment signifies a notable shift in the company’s EV strategy as the momentum for electric car sales…
Volvo has revised its ambitious plan to sell only pure electric vehicles (EVs) by 2030, now aiming for 90-100% of its global sales to be electrified cars, including both fully electric and plug-in hybrid vehicles. This adjustment comes amidst slower…
Georgia Power has struck a deal with Tesla to build a large-scale battery energy storage system (BESS) portfolio, aiming to enhance grid reliability and address resource shortfalls. The agreement, which includes four separate projects totaling 500MW/2,000MWh, will utilize Tesla’s advanced…
BMW is gearing up to introduce its first hydrogen-powered vehicle by 2028, leveraging fuel cell technology developed in partnership with Toyota Motor Corp. The German automaker made the announcement on Thursday, highlighting its commitment to exploring alternative green technologies, according…
Vice President Kamala Harris, once a staunch supporter of federal rules mandating electric vehicle (EV) production, has seemingly changed her stance. According to a recent report by Alex Thompson and Ben Geman of Axios, Harris’ campaign stated that she “does…
China‘s top electric vehicle maker, BYD, has decided to put its Mexico factory plans on hold until after the US election, according to a recent report from the South China Morning Post. This move comes as global businesses adopt a…
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…
Volvo Cars has revised its ambitious all-electric target. The Swedish automaker now plans to retain hybrid models in its lineup beyond 2030, adjusting to market realities and consumer preferences, according to Reuters. Volvo Revises EV Strategy Volvo’s updated goal for…
Despite recent reports suggesting a slowdown, electric vehicle (EV) sales are indeed on the rise, albeit not as steeply as initially predicted. JD Power forecasts that by the end of 2024, the U.S. will see sales of 1.2 million EVs,…
Tesla has recently modified its financing options for the Model 3 in the United States, as reported by Sawyer Merritt on X. These changes affect both promotional and non-promotional rates across various loan terms, potentially impacting buyers’ decisions. New Financing…
Tesla has made a significant move in the electric vehicle (EV) market by extending its attractive financing offer on two of its most popular models. According to a tweet by Sawyer Merritt, a well-known Tesla observer, the automaker has removed…
A piece of electric vehicle history is now up for grabs on eBay, offering enthusiasts a chance to own one of the few remaining Arrival electric vans. This story, reported by Engadget, sheds light on the rapid rise and fall…
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…
Lucid Motors, known for its high-end electric vehicles, is set to broaden its appeal with plans for three new affordable models. This news comes from a recent report by Car and Driver. The Mid-Size Program Derek Jenkins, Lucid’s senior vice…
Chinese electric vehicle manufacturer Xpeng is gearing up for a significant expansion into the European market, as reported by Bloomberg News. The company is planning to introduce entry-level cars and establish local production facilities in Europe, aiming to circumvent potential…
Xpeng, a leading Chinese electric vehicle manufacturer, has announced its latest offering in the competitive EV market – the Mona M03 coupe. This new model is set to disrupt the industry with its remarkably low price point, starting at just…
Electric Vehicle Prices Tumble, Making Them Accessible to More Families The used electric vehicle (EV) market has seen a significant shift, with prices dropping to levels that make previously unattainable models accessible to many families. According to a recent report…
The Hyundai Ioniq 5 N has been named Car and Driver’s 2024 Electric Vehicle of the Year, continuing the Ioniq lineup’s dominance for the third straight year. This high-performance electric SUV impressed judges with its blend of practicality, performance, and…
Ford Motor Company has officially canceled its highly anticipated three-row electric SUV, dubbed the “personal bullet train,” in a significant pivot away from its aggressive electric vehicle (EV) strategy. This decision, reported by Reuters, marks a major shift in the…
BYD, China‘s leading electric vehicle manufacturer, has climbed to the seventh spot in global auto sales rankings, outpacing industry stalwarts Honda and Nissan in the April-June quarter. This significant shift in the automotive landscape is largely attributed to BYD’s focus…
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…
Lucid Motors, a rising star in the electric vehicle (EV) market, has revealed ambitious plans to expand its lineup and potentially capture market share from industry leader Tesla. The California-based automaker, currently known for its high-end Air sedan, is setting…
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…
Tesla is initiating a recall for more than 9,000 Model X SUVs in the United States due to a potential safety issue with the roof trim, according to Forbes. The Recall Details The National Highway Traffic Safety Administration (NHTSA) has…
A new report from the American Council for an Energy-Efficient Economy (ACEEE) highlights the potential benefits of improving electric vehicle efficiency. The research, published Tuesday, suggests that enhancing EV efficiency could lead to significant cost savings and reduced pressure on…
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