While the rate of growth may be slowing, EV sales hit a record 1 million last year as more and more Americans find them to be acceptable alternatives to conventional, gas-powered vehicles. But “charging anxiety” has become one of the key factors slowing EV growth, according to industry analysts. And a new J.D. Power study concludes that “Public charging isn’t just bad, it’s getting worse.” That said, most owners are ready to buy another EV when it’s time to trade in, especially those with the top-ranked BMW i4.
Audi
Sales of German Brands Climb But Market Share Dips
With their market share under pressure, German brands Audi, BMW and Porsche succeeded in posting record sales for 2023 as the industry had its best year since the pandemic crushed sales and the supply chains. Find out more at Headlight.News.
EV Sales Could Slow as Tesla, Nissan, GM Lose U.S. Tax Credits on Some Models
The New Year brings bad news for potential EV buyers as only a handful of models now qualify for federal tax credits of up to $7,500. That’s because of new requirements covering the sourcing of batteries and raw materials like lithium and cobalt. Among the brands impacted are Tesla, Nissan, General Motors and Ford. And analysts worry this could further slow growth of EV sales.
Here are the 40+ EVs Coming to Market in 2024
As recently as 2019 you’d have to struggle to find an EV at your local showroom. Today, however, there are more than 50 different nameplates available in the U.S., the vast majority offered with range exceeding 200 miles – and some products doubling that figure. But the pace of introductions is only set to accelerate, with dozens of new battery-electric vehicles soon coming to market. Headlight.News checks out the most interesting and important products debuting in 2024.
Porsche, Audi Recall 130,000 EVs and PHEVs Due to Fire Risk
Porsche and Audi dealing with two actions, one of which isn’t about the vehicles, but the charging cables. The other recall covers just 205 Porsche Taycans at risk for fire due to overcharging. Get details at Headlight.News.
Only Three Midsize Luxury SUVs Earn Good Score In Latest IIHS Crash Ratings
Poor performance of rear seat restraints cited as possibly causing injury in most of the tested models. Paying more for a midsize SUV doesn’t mean you’re safer in a crash – especially in the rear seat. That’s the message from the Insurance Institute for Highway...