Ford’s push into affordable EVs appears to be coming a big step closer to reality, CEO Jim Farly planning to make a major announcement on August 11 at the automaker’s assembly plant in Louisville, Kentucky next week. It will be, the CEO suggested, “a Model T moment,” referencing the legendary vehicle that put Ford on the map more than a century ago. More from Headlight.News.
The number of all-new models coming to market over the next four years is predicted to drop sharply as manufacturers around the world cut back on investments. That will be particularly obvious in the EV market as the industry shifts back to internal combustion, according to the latest annual “Car Wars” study.
While the Trump administration may be taking steps to slow EV adoption you wouldn’t know by the sales numbers which, in the U.S. are rising at a double-digit rate. Worldwide, demand is growing even more rapidly, with battery-electric models expected to account for more than one in four of the vehicles sold worldwide this year.
Better late than never? Tesla has spent years debating whether to add a more affordable EV to its existing line-up. It’s finally moving forward and, despite yet another delay, will finally add the vehicle to its line-up in June. Details have yet to be released but it’s expected to be a stripped-down version of Model Y starting at less than $30,000 — with a low-priced take on the Model 3 likely to follow. But will this draw in entirely new buyers or cannibalize sales of Tesla’s existing line-up? More from Headlight.News.
Motorists around the world are becoming increasingly comfortable with purchasing and owning EVs, according to a new study, though Americans lag well behind their counterparts in Europe and, in particular, China. Credit the longer range, faster charging and lower costs of newer EV models, consumers told McKinsey & Co. Headlight.News has more.
The Kia EV3 was named World Car of the Year at the annual New York International Auto Show, with Volvo, Porsche, BYD and Volkswagen also nabbing five other awards. As Headlight.News reports, EVs, dominated.
With thousands gathered in protest at dealers around the world over the weekend, Tesla wrapped up what is expected to be a weak first quarter, the automaker watching sales dwindle as opposition grows to CEO Elon Musk’s role in the Trump administration – as well as his increasingly vocal shift to the political far right. Headlight.News has the latest.
General Motors and Hyundai are said to be in talks that would lead to significant product sharing in the pickup and commercial EV van segments, according to a new report. Such a move would expand on the alliance the two automakers recently announced focusing on hydrogen fuel-cell technology. More from Headlight.News.
While most EV owners charge their vehicles at home overnight, plugging in can be a real hassle when you’re on the road. With many of today’s EVs it can take an hour to go from a 10 to 80% state-of-charge. But China’s BYD claims its new “super e-platform” can allow motorists get another 249 miles of range in as little as 5 minutes at public quick chargers, essentially matching the time it takes to fill up a gas tank. Headlight.News has more.
The new Toyota bZ3X is, at less than $20,000, the sort of affordable EV American motorists are craving. The problem is you can’t have it. Not unless you’re thinking about moving to China. But it’s certainly connecting with motorists in the People’s Republic. And it might offer some insight into the sort of product Toyota just might eventually be able to come up with for the U.S.
“I bought this after Elon went crazy.” We’ve seen plenty of bumper stickers like that, lately, but this one was on the back of a Kia EV3, found in a snarky Instagram post by Kia’s Norwegian subsidiary. And, it seems, many Tesla buyers may be listening. A growing number of them are trading in as backlash grows against CEO Elon Musk’s turn to the political right. Protests are growing at Tesla dealerships around the world, one showroom in France firebombed. Here’s more.
The bulls are still, well, bullish, when it comes to Tesla stock, but the rest of Wall Street seems increasingly nervous and that’s cost the EV maker fully half of its market capitalization since reaching a mid-December, post-election high. And one man appears to catch most of the blame: CEO Elon Musk. More from Headlight.News.