Chancellor Confident in Germany’s Auto Industry Despite Challenges German Chancellor Olaf Scholz has praised Volkswagen AG’s move to develop affordable electric vehicles (EVs) priced from €20,000 ($21,696) as “very good.” Speaking at the East German Economic Forum in Bad Saarow,…
First Car to Roll Out of Georgia Factory This Fall Hyundai’s Ioniq 5 will be the first electric vehicle produced at the company’s new factory in Georgia, starting in October. CEO Jose Muñoz expects the US-made version to be eligible…
Jeep has unveiled its first electric model for the US, the Wagoneer S, a premium SUV with an estimated 300 miles of range. The Launch Edition, the only trim announced so far, starts at $71,995 and goes on sale this…
Ford and GM’s leaders disagree on the future role of hybrid vehicles Ford’s CEO, Jim Farley, argues hybrids should be viewed as a viable long-term solution, while GM’s CEO, Mary Barra, considers them a temporary step towards full electrification, according…
KPMG’s recent study shows that even with the same price and features, most Americans still favor standard gas vehicles over electric or hybrid cars. Despite the hype around electric vehicles (EVs), the study found that only one-fifth of U.S. consumers…
According to a recent Bloomberg report, the sluggish start to US electric vehicle (EV) sales in 2024 may not be as concerning as it initially appears. While some indicators point to a potential slowdown, others suggest an industry on the…
PepsiCo Adds 50 Tesla Semi Trucks to Fresno Fleet PepsiCo is boosting its electric vehicle lineup with 50 new Tesla Semi trucks, set to operate from its Fresno, California, facility in the coming months. Key Points “Our fleet electrification is…
Sales of used Tesla Model Y cars are surging as their prices fall significantly. The trend reflects a broader shift in the electric vehicle (EV) market, where both new and used EV inventories are increasing, leading to lower prices and…
A New Era of Eco-Friendly Policing In a bold move toward sustainability and efficiency, the Anaheim Police Department has introduced six Tesla Model Y vehicles to its patrol fleet. This initiative, reportedly facilitated by Tesla’s upfitting division UP.FIT, represents a…
Tesla has reportedly unveiled an enticing new promotion in China, giving prospective buyers of Model 3 and Model Y the choice between a zero-interest financing option and a zero-down payment plan. This offer, valid until June 30th, is designed to…
Navigating Challenges: How Ford is Addressing Its Electric Vehicle Setbacks and Labor Costs The automotive world was taken aback as Ford Motor Co. faced a 6% drop in its share prices during Friday morning’s trading session. This downturn comes in…
In a year that’s proving pivotal for automakers, Ford has set a new benchmark. The third quarter of 2023 saw Ford clocking its most impressive figures in electric vehicle sales, marking a notable 14% increase from Q3 2022. A Glimpse…
