Although EV sales aren’t going at breakneck speed these days, automakers are still churning out new models and planning for future models. To make that easier, the Biden administration awarded $1.1 billion in grants to General Motors and Stellantis to convert existing plants to build electric vehicles and components. Get details at Headlight.News.
Nearly a quarter of all new vehicle buyers in the U.S. owed more on the vehicle they were trading in than it was worth. Being “underwater” isn’t uncommon, but the percentage was the highest it’s been in three years. Find out more at Headlight.News.
It’s been four decades since Honda started building Accords at a new plant in Marysville, Ohio. Today, foreign-owned manufacturers are producing more vehicles in the U.S. than Detroit’s Big Three. And the gap is only expected to widen, in part due to local production mandates covering battery-electric vehicles, reports Headlight.News.
It’s been a tough year for EV start-ups, Fisker filing for bankruptcy, and several others expected to follow. But there have been a few glimmers of hope. Price cuts helped Lucid outperform sales expectations during the second quarter, buying it time to bring a second product line to market later this year. But with Wall Street still skeptical, the California manufacturer remains critically dependent on cash from the Saudis, Lucid’s largest investor.
Porsche augments its move to an all-electric Macan lineup with the discontinuation of the 718 duo, the Boxster and Cayman. Changes begin this fall. Find out more at Headlight.News.
The future of transportation is looking up – quite literally. Imagine, instead of an hour to 1 ½ hour drive to the airport, you can hop into a flying taxi somewhere in or around your neighborhood and get to the airport to fly on your scheduled long-haul jet in less than 10 minutes. That would be a game changer for modern, personal travel. It’s actually happening sooner than you may think.
Stellantis has invested an additional $55 million in Archer Aviation, a pioneer in the fast-emerging field of drone-like flying taxis. That follows a previous $110 million investment the Euro-American automaker made in Archer. And it comes at a time when the start-up completed a milestone flight and is preparing to open up a new assembly plant in Georgia.
Off-road beast maker Ineos plans to push back production of its first all-electric model, the Fusilier SUV, from 2027 to an unknown introduction date. Ineos produces two off-road focused vehicles, the Grenadier and Quartermaster, and introduced the Fusilier in February. Get more details at Headlight.News.
It’s become conventional wisdom that EV sales are slowing. With one high-profile exception, the latest numbers would tell you quite the opposite is true. As data roll in for June and the second quarter we’re seeing a number of manufacturers reporting solid increases...
With the EV market taking longer to charge up than many have expected, Mercedes-Benz is putting money back into the development of internal combustion technology, as well as hybrids, CEO Ola Kallenius said. But the automaker isn’t scrapping plans for a new EV architecture, despite recent reports, the executive said.
Left a paraplegic following a crash six years ago, promising IndyCar driver Robert Wickens is back on track as part of the Formula E racing series thanks to an ell-electric race car specifically modified by manufacturing partner SPARK he can drive via hand controls. The third-generation Formula E car is the world’s fastest, lightest and most sustainable electric race car.
Electric vehicle sales have been pretty steady as a group, but that’s in large measure due to Tesla, the segment leader, seeing sales drop since the start of the year. Analysts predict Tesla’s global deliveries will drop at least 3% during Q2 while other EV makers are making gains. Find out more at Headlight.News.