According to a recent article from CNET, experts are recommending leasing over buying when it comes to electric vehicles (EVs). This advice comes amid fierce online debates about the merits of each option. The $7,500 Federal Tax Credit Loophole One…
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…
Tesla owners may soon have a new entertainment option at their fingertips. According to a leaked web post on SiriusXM’s Canadian website, the popular satellite radio service is set to arrive in Tesla vehicles via a future software update, reports…
In a bold move to protect its domestic electric vehicle (EV) industry, Canada has announced a hefty 100% tariff on imported Chinese EVs. This decision, revealed by Prime Minister Justin Trudeau on Monday, marks a significant shift in Canada’s trade…
South Korea is taking swift action to address public safety concerns surrounding electric vehicles (EVs) following a recent fire incident. According to a Reuters report, the government and ruling party have agreed to expedite the implementation of an EV battery…
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…
GM has unveiled pricing and specifications for its latest electric vehicle, the Cadillac Optiq. According to Sawyer Merritt, production of this new EV is set to begin in the U.S. within two weeks. Competitive Pricing Strategy The Cadillac Optiq enters…
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…
BMW has outpaced Tesla in electric vehicle sales within the European Union for the first time, according to a recent Bloomberg report. This shift marks a significant moment in the competitive EV market landscape. BMW’s Surprising Surge In a month…
Tesla’s Vice President of Finance and Business Operations, Sreela Venkataratnam, has announced her departure from the electric vehicle giant after an impressive 11-year stint. Her exit marks the end of an era that saw Tesla transform from a niche automaker…
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…
China has strongly criticized the European Union’s decision to impose tariffs on electric vehicle (EV) imports, despite the EU lowering duties for several major EV manufacturers, including Tesla. This information comes from a recent CNBC report. Beijing’s Stance on EU’s…
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…
BMW’s China-produced electric Mini is set to benefit from a reduced tariff of 21.3% in the European Union, according to a recent report from Reuters. This development comes as part of the EU’s latest draft tariff document on duties for…
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…
Volkswagen has at last unveiled the official pricing and electric range for its highly anticipated ID. Buzz electric minivan, as reported by Autoblog. The vehicle, first teased as a concept in 2017, is set to hit the market with a…
Rivian, the electric vehicle startup known for its R1S SUVs and R1T pickups, is facing a significant leadership change as its head of manufacturing, Tim Fallon, departs for a new role at automotive giant Stellantis. This move, reported by Reuters,…
GMC is gearing up to take the electric truck market by storm with its new Sierra EV pickup. The premium brand of General Motors is setting its sights on becoming the top dog in all-electric truck sales for U.S. consumers,…
Tesla’s latest color offering for the Model 3 Performance is turning heads at the Century City showroom. The new Quicksilver paint, initially introduced in Europe, has made its way to North American shores, showcasing Tesla’s commitment to innovative aesthetics in…
The European Union has announced a significant reduction in its planned tariff on Tesla vehicles imported from China, according to a report from CNBC. The tariff, originally set at 20.8%, has been lowered to 9%, marking a notable shift in…
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…
Luxury automaker Porsche is making a bold move into the electric vehicle (EV) battery space, injecting fresh capital into struggling German battery manufacturer Varta. This strategic investment, reported by EuroNews, aims to secure high-performance batteries for Porsche’s growing lineup of…
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.…
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…
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