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Tesla Sales Set New Record – But Automaker Faces Major Challenges Entering 2024

Tesla Sales Set New Record – But Automaker Faces Major Challenges Entering 2024

Tesla is wrapping up 2023 with another record under its belt. But while sales hit an all-time high they still fell short of CEO Elon Musk’s ambitious forecast. And the Texas-based automaker has a growing list of problems on its plate, including mounting pressure for another recall following the one it announced two weeks ago.

Hyundai’s Ioniq 2 Could Be the Low-Cost EV the Market Needs

Hyundai’s Ioniq 2 Could Be the Low-Cost EV the Market Needs

The EV share of the U.S. new car market has grown over 800% since 2019 – but it’s flattened out in recent months and industry analysts say the high cost of today’s all-electric models is a major problem as EVs go from niche to mainstream. Hyundai hopes to address that problem, a senior exec has hinted, with a new entry model likely to be dubbed the Hyundai Ioniq 2. More from Headlight.News.

White House May Temporarily Revise EV Tax Credit Rules as Sales Slow

White House May Temporarily Revise EV Tax Credit Rules as Sales Slow

The Biden admin. may give a critical boost to the auto industry as sales of battery-electric vehicles slow, temporarily lifting rules sharply curtailing the number of EVs qualifying for federal tax credits. But the senator who introduced the restrictions says he’ll fight any rollback, reports Headlight.News.