After revising its supply chain, Cadillac once again can offer $7,500 in federal tax credits to buyers of the Lyriq EV. The automaker briefly lost those incentives after the U.S. Treasury updated guidelines under the Inflation Reduction Act on January 1. The news means Caddy gets a critical advantage over a number of competing luxury EVs that have also lost their tax credits this year.
Hoping to perk up a slowing EV market, Ford Motor Co. has announced some lucrative financial deals for its two retail battery-electric models, the Mustang Mach-E and the F-150 Lightning. Price cuts on the electric crossover run as high as $8,100, while there’s as much as $12,500 in “bonus cash” on the battery pickup.
Korean luxury brand Genesis is reportedly rethinking its plans to evolve into an all-electric brand. The company is instead looking at other electrification options, with plans to launch its first hybrid model as early as next year. But what form it will take reportedly has not yet been determined.
Volvo renames XC40 and C40 Recharge models EX40 and EC40 to help them fall in line with the rest of the EX lineup and also gives ICE-powered models separate updates as the company prepares to expand its presence in the green vehicle market while also giving the firm time to hone the bigger EX90 and EX30 model. Check out the story at Headlight.News.
When it opened 110 years ago, the Michigan Central depot was the tallest train station in the world and a showpiece for a city at its peak. Since it shut down in 1988, however, it’s been a symbol of urban decay and the decline of Detroit, in particular. Now, after a...
General Motors put a halt to the sale and delivery of its 2024 Chevrolet Colorado and GMC Canyon midsize pickups after a software glitch was discovered. The company is fixing the problem and expects to lift the hold soon. It’s the second major software problem to halt a high-profile vehicle. The stop sale hasn’t yet been lifted on the Chevy Blazer EV. Get details at Headlight.News.
Facing slowing sales growth — and pressure from automakers and their dealers — the Environmental Protection Agency may delay proposed emissions rules that would require EVs to account for as much as two-thirds of the new vehicles sold in the U.S. by 2032. The move would provide more time to address issues blamed for slowing adoption, including the high cost of EVs, as well as the lack of a robust public charging network.
Headlight News for the Week of 2-19-24 – Ford Plans Low-Cost EVs – Cybertruck Rust – Rivian Teases New EV – Mitsubishi Outlander PHEV Review – and a Week in Automotive History.
Stellantis will adopt the Tesla-style North American Charging Standard. The parent of brands including Chrysler, Dodge, Jeep and Ram was the last holdout among major automakers to go with the NACS plug. It means owners will have access to a substantial wider network of plugs and formalizes Tesla’s Superchargers as the de facto winner in the charging battle. Tesla, meanwhile, is taking steps to prevent the embarrassing charger failures many owners ran into during a recent Midwest cold snap.
The stagnation of electric vehicle sales isn’t slowing the charge of automakers into the market. Scout Motors, Volkswagen’s U.S. EV subsidiary, broke ground on its $2 billion plant in South Carolina. The company expects vehicles to begin rolling off the line there in 2026. Headlight.News has details.
After delaying billions of dollars in investments, Ford is shifting its EV strategy to put more focus on smaller, more affordable models – but ones that will also deliver quick profits, CEO Jim Farley said during an automotive conference in New York on Thursday. EV...
EV maker Rivian plans to roll out its second product line, the R2, on March 7. However, to whet the appetites of the company’s aficionados and others who are interested in a smaller, less expensive electric SUV, it offered a short teaser video of what’s coming. The...