F-150 Lightning, Mustang Mach-E, and the Skunkworks platform — Dearborn’s electric bet, tracked.
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…
Illinois is set to launch a new initiative to boost electric vehicle (EV) adoption, offering residents substantial rebates on EV purchases beginning in 2025. This information comes from a report by WTVO Rockford. Rebate Details and Eligibility The Illinois Environmental Protection Agency (IEPA) will provide a $4,000 rebate for electric cars and a $1,500 rebate…
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, but by practical considerations of performance and cost-effectiveness. South Pasadena PD Leads the Charge The…
Lucid’s electric luxury sedan, the Air, is now more accessible to consumers thanks to significant price reductions and the availability of demo models. This development marks a notable shift in the high-end EV market, potentially broadening the appeal of electric vehicles to a wider audience. Price Drops and Demo Availability The Lucid Air, once a…
Electric vehicle (EV) giant Tesla saw its stock fall in early trading Wednesday, despite favorable inflation data that could potentially benefit the automotive industry. According to a report from Barron’s, Tesla shares were down 3.3% at $200.88 in early trading, underperforming broader market indices. Inflation Data and Its Impact The Bureau of Labor Statistics released…
Hyundai Motor Group is gearing up for a renewed assault on the lucrative US pickup truck market, according to a report from The Korea Economic Daily. The Korean automaker aims to challenge established players with extended-range electric vehicles (EREVs) as early as 2028. Analyzing the Competition In late July, Hyundai’s Namyang Research Center began a…
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