Hertz is taking an innovative approach to reducing its electric vehicle fleet, offering significant discounts to current renters who might be interested in purchasing their rental vehicles. The rental giant is listing 2023 Tesla Model 3s for as low as…
Polestar, the struggling electric vehicle manufacturer, is changing tactics to boost sales after reporting a significant drop in deliveries. According to a Bloomberg report, the company’s new CEO is pushing for a more traditional sales approach by selling cars through…
Tesla‘s latest offering in the UK and Europe is turning heads. The American automaker has launched a new longer-range version of its popular Model 3, boasting an impressive 436 miles of official range. This news comes from a recent announcement…
The UK’s auto industry is sounding the alarm over sluggish electric vehicle (EV) sales, warning that missing government-set targets could lead to hefty fines for manufacturers and pricier cars for consumers. This news comes from a Financial Times report detailing…
BYD, China’s leading electric vehicle (EV) maker, is making a bold move into Europe, with its first assembly plant set to open in Hungary. This strategic decision comes as the European Union considers raising tariffs on EVs imported from China,…
The House Energy and Commerce Committee has approved a bill requiring new cars to include AM radio, a move that could significantly impact electric vehicle (EV) manufacturers. The bill, titled the AM for Every Vehicle Act, passed the committee with…
The BMW i4 is making waves in the electric vehicle market, proving to be a formidable competitor to the Tesla Model 3. This stylish four-door EV is not just a pretty face – it’s got the performance and range to…
Tesla‘s once-rapid Supercharger network expansion has hit a snag following recent workforce reductions, according to a detailed report from The Wall Street Journal. This slowdown comes at a crucial time for the electric vehicle pioneer as it faces increasing competition…
The European Union’s new tariffs on Chinese-made electric vehicles (EVs) have caused a significant slowdown in their influx, according to recent data from Dataforce. The move, aimed at protecting EU automakers from low-cost competition, has resulted in a 45% decrease…
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%…
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…
Swedish electric vehicle maker Polestar has started production of its Polestar 3 SUV in the United States, marking a significant step in avoiding major tariffs on Chinese-made cars, according to Reuters. Polestar Shifts Production Strategy Polestar, majority-owned by China‘s Geely,…
A Resilient Journey Through Tough Times 2023 was a challenging year for the electric vehicle (EV) industry, marked by intensified competition and various market pressures. However, Polestar, the Swedish premium electric automaker, is entering 2024 with renewed optimism. This sentiment…
Polestar, the Swedish electric performance car brand, has forged a strategic partnership with South Korea’s SK On, a notable player in the battery sector, to power its forthcoming Polestar 5 electric vehicle (EV). This move signals a significant step for…
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