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.
It’s hard to believe there once was a time when the Nissan Pathfinder and Toyota 4Runner competed fender to fender for off-road supremacy. After a 10-year split, the Pathfinder appears ready rumble off-road again. Check it out in our review at Headlight.News.
As recently as 2019 you’d have to struggle to find an EV at your local showroom. Today, however, there are more than 50 different nameplates available in the U.S., the vast majority offered with range exceeding 200 miles – and some products doubling that figure. But the pace of introductions is only set to accelerate, with dozens of new battery-electric vehicles soon coming to market. Headlight.News checks out the most interesting and important products debuting in 2024.
General Motors filed suit last Friday against the city of San Francisco, claiming the city issued the auto company a tax bill that was too high. GM alleges incorrectly included Cruise self-driving car subsidiary to calculate its tax bill. Get the story at Headlight.News.
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.
At an average cost of $60,000, most of today’s battery-electric vehicles fall into the luxury category — and that’s one reason why the growth of the EV market has slowed down this year. But as we head into 2024, motorists who want to go electric could soon find more affordable options. Get details at Headlight.News.
Porsche and Audi dealing with two actions, one of which isn’t about the vehicles, but the charging cables. The other recall covers just 205 Porsche Taycans at risk for fire due to overcharging. Get details at Headlight.News.
The Volkswagen ID.GTI will reach market sometime late in 2026, according to the brand’s design chief, marking the latest VW icon to make the transition to all-electric power. More from Headlight.News
What was initially expected to be an uncharacteristically slow December has been turbocharged with discounts by automakers. Find out what kind of impact they’re having at Headlight.News.