F-150 Lightning, Mustang Mach-E, and the Skunkworks platform — Dearborn’s electric bet, tracked.
Ride-hailing giant Uber has announced a groundbreaking partnership with BYD, the world’s largest electric vehicle manufacturer, in a bid to reportedly boost EV ownership among its drivers. The Deal: Discounts and Special Leases The agreement aims to make EV ownership more accessible to Uber drivers through: Ambitious Goals and Global Reach This partnership has set…
In a significant shift in the electric vehicle (EV) landscape, Hyundai Motor Group has emerged as a formidable challenger to Tesla’s market supremacy. According to recent data reported by EconoTimes, Hyundai and Kia have collectively captured 10% of the U.S. EV market in the first seven months of 2024, solidifying their position as major players…
Electric vehicle (EV) sales in the U.S. are accelerating at a pace that outstrips the broader automotive market. Recent data reveals that EV registrations have surged, driven largely by strategic price cuts and government incentives. This trend highlights a significant shift in consumer preferences towards sustainable transportation options. Automotive News reports that these developments are…
Electric vehicles are at the forefront of a surge in auto incentives, with manufacturer rebates reaching levels not seen since before the pandemic. Kelly Blue Book reports that these incentives rose to around 7% of the average transaction price last month, the highest in over three years and about 60% higher than a year ago.…
European Union’s new tariffs on Chinese-made electric vehicles (EVs) have sent shockwaves through the market, causing a significant drop in registrations. According to Bloomberg, the introduction of these tariffs, which can reach up to 48%, has led to a 45% decrease in Chinese EV registrations in the EU this July compared to June. Tariff Impact…
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 electric cars are reportedly losing as much as 50% of their value within the first…
Ford is ramping up its efforts to compete in the affordable electric vehicle market, according to a report from Electrek. The automaker recently presented dealers with renderings of potential new electric models, including sedans, crossover SUVs, and pickups, all aimed at challenging Tesla and Chinese EV manufacturers like BYD. A Glimpse into Ford’s Electric Future…
According to a recent report from the University of Nebraska-Lincoln, researchers are conducting an ongoing study on how commonly used traffic safety devices hold up against electric vehicles (EVs). This comes amid growing discussions about the potential impact of heavier EVs on America’s roads and bridges. The Weight Debate Former President Donald Trump recently claimed…
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