Revised rules that went into effect on January 1 took away federal tax credits on all but about a dozen EVs. But General Motors will make up for that loss by offering up to $7,500 in discounts on EVs like the Cadillac Lyriq and Chevrolet Blazer EV, the automaker said. Ford, meanwhile, said it is raising the price on some versions of its F-150 Lightning by up to $10,000, while lowering the cost of premium models by as much as $7,000.
GM, Toyota and Honda all enjoyed strong finishes at the end of the year to help them secure improved year-over-year results for the whole of 2023. Get details about the performance of the other companies at Headlight.News.
While many aspects of the industry are returning to normal, automakers and consumers are going to have to deal with some issues that linger like a bad hangover this year. Most of the problems will focus on the price of new vehicles. Find out more at Headlight.News.
At first glance, it looks pretty much like any of the semi cabs rolling across American roadways, though the design is a little sleeker, and the name on its grille is the giveaway. Nikola’s Class 8 tractor is one of a growing number of “green” commercial vehicles, in this case, replacing a traditional diesel drivetrain with a hydrogen fuel-cell system. Trucks deliver most of America’s freight, but they also create a disproportionate share of the transportation sector’s pollution. That’s starting to change as truck makers and truck fleet operators switch to alternative hydrogen and battery drivetrain technologies.
After watching prices on new vehicles come down over the course of 2023, several brands rolled out price increases on their 2024 models. Jeep, Dodge, Toyota, Volkswagen and GMC all hiked prices from as little as $150 to more than $4,000 — although GMC did cut the price on one vehicle. Find out more at Headlight.News.
Headlight News for the Week of 1-2-24: 2023 Sales Rebound – EV Tax Credits – a Good Time to Buy an EV – 2024 Subaru Crosstrek. Check it out for these stories and more!
The real news is that pickup truck sales were up dramatically for both Ford and GM. Toyota Tundra and Nissan Titan sales were also up. Only Ram trucks had a down year. Read all about it at Headlight.News.
Tesla delivered 485,000 vehicles during the fourth quarter, bringing total sales for the year to 1.8 million, an all-time record. But the automaker fell short of the 2 million target CEO Elon Musk set early last year. And it has BYD, breathing down its neck, even though that major Chinese competitor has yet to enter the North American market.
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.
Tesla’s been locked in a running disagreement with Norway’s unions for weeks now and has been feeling the effects. Well, everywhere but its showrooms where Norwegians continue to trek to and buy EVs. In fact, Tesla’s the topselling brand — for the third straight year. Get details at Headlight.News.
Federal tax credits can make buying an EV a lot more affordable. And the good news is that rule changes coming Jan. 1, 2024 make it easier for retail customers to get up to $7,500 on a qualifying vehicle, buyers no longer having to wait until the next time they file taxes. Commercial buyers also will find it easier to get EV incentives. The bad news is that a number of EVs no longer will be eligible for federal incentives this coming year. Headlight.News helps clear things up.
At least 40 new battery-electric vehicles are due to reach U.S. showrooms in 2024 — and that’s a conservative estimate as we’ve had a number of surprises dropped on us by both domestic and foreign-owned brands. If anything, the flood of EV offerings will likely accelerate going forward. Here’s a look at some of the models we’re expecting in 2025 and 2026. Headlight.News checks out 45 of them.