While EV sales should end the year up about 10% from 2023, the growth rate has slowed sharply. Several factors contributed to the slowdown, starting with the price premium — averaging about $10,000 more than comparable gas models. But Ford CEO Jim Farley claims the company is working up new EVs that will deliver “game-changing” prices, in line with rock-bottom Chinese brands. And a new study shows that plunging battery costs will play a major role.
Usually at the end of the year, there’s a push put on by a certain electric vehicle maker to sell as many of its EVs as possible. This generally includes price cuts to entice buyers. And while that EV maker might still do it, it’s another automaker looking to move some EVs: Toyota. The company cut prices on its bZ4X by as much as $6,000. Get details at Headlight.News.
The U.S. Department of Energy finalized a $9.63 billion loan for Ford Motor Co. and South Korea’s SK On to help finance the construction of three new EV battery plants in Tennessee and Kentucky. Get the final details at Headlight.News.
Lamborghini delays the launch of its first-ever EV model as it becomes the latest automaker to rethink its electrification strategy
Mercedes released teaser images of what will be a new line of family-sized all-electric vans. Based on its EV-only VAN.EA platform, the German automaker is confident enough to bring it back to the U.S. market where it’s been out of the people-mover segment for some time.
Toyota announces massive discounts for bZ4X as the company attempts to address slowing EV demand while also jumpstarting slow bZ4X sales.
It’s been a big year for Korean carmaker Kia, U.S. sales set to reach a new record. To keep momentum going it’s launching plenty of new products in 2025 and looking to enter still more “white space” beyond – a pickup one opportunity under study. But planning ahead is on hold until at least “January 21,” said the brand’s U.S. marketing chief, with the incoming Trump administration poised to address such issues as EV sale mandates and incentives, as well as tariffs on foreign-made vehicles.
Electric vehicle adoption has been on the rise and the latest study shows that once someone buys and EV it’s highly unlikely they’ll go back to internal combustion power. According to the Global EV Drivers Alliance, 92% of current EV owners will buy another one for their next vehicle. Check out the story at Headlight.News.
Nissan makes major management changes as the company continues to fight for its long-term survival.
Texas-based EV maker Tesla becomes “more American” this year by capturing the top three spots in the 2024 Made in America Auto Index and while sharing No. 4 with Ford. The Tesla Model 3 Performance was the top finisher. Find out the rest at Headlight.News.
If you’re a muscle car fan, is there life without a big V-8? That’s the question a lot of Dodge loyalists have been wondering since the performance brand ended production of the Charger and Challenger models a year ago. The Charger is about to stage its return – but for now, at least, it will be available in just two all-electric packages. The 2025 Dodge Charger Daytona Scat Pack package pumps out a tire-spinning 670 horsepower. But is it a suitable replacement for the legendary Hemi-powered model it replaces? Headlight.News had a chance to check out the all-electric beast and here’s our review.
The average transaction price for a new vehicle jumped nearly $700 to $48,724 last month compared to November 2023. Some might point to higher interest rates or bigger numbers on the window sticker, but there’s a better reason. Find out why at Headlight.News.