After growing nearly 800% between 2019 and early 2023, the growth in EV sales has begun to slow in recent months. But despite some reports, U.S. demand is expected to still grow from 1.2 million to 1.5 million in 2024. While some automakers, such as Ford, Volkswagen and General Motors are pulling back on their commitments to electrify, at least one major executive, Hyundai’s Jose Munoz, says he is “doubling down” on EVs. Find out why at Headlight.News.
Genesis intends to put more emotion into its brand, as it set out to prove during a Monday evening news event ahead of the New York International Auto Show. The Korean luxury brand confirmed plans to launch an all-new line-up of performance models starting with the GV60 Magma, a version of its compact all-electric SUV. Separately, Genesis also unveiled the Neolun Concept, an all but ready-for-production SUV flagship.
Japanese automaker Nissan plans to introduce 30 new vehicles, including seven in the U.S. and Canada as it seeks to bridge the gap between its current organizational plans. It’s dubbed the new plan, The Arc. Get the details at Headlight.News.
Talks between Fisker and Nissan have collapsed, the troubled EV start-up reported. And with its shares plunging on the news, trading was halted on the Nasdaq exchange as the likelihood of a bankruptcy filing grow larger.
It’s already announced plans to bring the long-dormant Scout brand back to life. Now, Volkswagen will introduce its European-based Cupra, to the U.S. market, the performance division’s CEO says. It will debut later this decade with two all-electric utility vehicles.
The run on strong new vehicle sales should continue in March, according to a forecast from J.D. Power and GlobalData. New vehicle sales are expected to jump 12.1% for March and 4.5% for the first quarter. Get details at Headlight.News.
“Incomplete” and “Inexcusable.” Things haven’t been going well for Fisker Inc., the EV start-up that has begun taking steps that could lead to a bankruptcy filing in the coming weeks. Fisker has also announced it is halting production for six weeks. It’s unclear if the company will use that pause to address some of the issues with its first product line, the Fisker Ocean. Based on a new review by Consumer Reports, the list is a long one.
There are some big changes in the works at BMW and the Bavarian automaker has is offering a clear sign of what’s coming in the form of the all-electric BMW Vision Neue Klasse X. It marks the first time we’re seeing what future versions of the company’s Sport Activity Vehicle line-up will look like.
Who says auto shows are dead? Not Hyundai. The Korean carmaker plans to make some big news at the New York International Auto Show next week, unveiling not just one new model but two: the 2025 versions of the compact Tucson SUV and compact car-cum-pickup, the Santa Cruz.
The Dutch-based energy giant Shell plans to eliminate 1,000 gas stations by the end of 2025 as it begins to put more emphasis on its EV charging operations, the company said in a new report. It already operates 3,700 charging stations in the U.S. and will not only add more facilities but expand the size of existing ones.
The Biden administration is expected to roll back new rules governing vehicle emission and mileage standards, a move that should prove particularly helpful for Detroit automakers who are heavily dependent upon large, fuel-hungry models like the Ford F-150 and Chevrolet Suburban. But the changes likely also will benefit some Japanese manufacturers, including Toyota and Honda, that have been reluctant to invest heavily on EV technology.
After spending much of last year cutting prices on its EV lineup, Tesla has reversed course, announcing a $1,000 increase in the U.S. sticker price for its best-selling Model Y. In Europe, meanwhile, buyers will pay as much as 2,000 euros, or $2,177 more for the electric SUV. While that might not be good news for buyers, Tesla stockholders hailed the price hike, giving shares traded under the Nasdaq ticker TSLA their first big gain in a month. Find out more at Headlight.News.