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CES 2024 Ushers In Era of “Software-Defined Vehicles”

CES 2024 Ushers In Era of “Software-Defined Vehicles”

by | Jan 5, 2024 | , , , , , , , , , , , , ,

Today’s cars already function as computers on wheels, some equipped with over 100 onboard microprocessors. But tomorrow’s vehicles will go significantly further, offering the sort of software-based features and functions found on Apple and Android smartphones and making use of the latest AI technology. Tomorrow’s “software-defined vehicles” will transform what motorists can do while driving – while generating hundreds of billions of dollars in new revenue streams for automakers. We’ll get a look at what this means at the upcoming Consumer Electronics Show in Las Vegas.

GM Will Cover Federal Tax Credits Lost by Some of its EVs This Year

GM Will Cover Federal Tax Credits Lost by Some of its EVs This Year

by | Jan 4, 2024 | , , , , , , , , , ,

Revised rules that went into effect on January 1 took away federal tax credits on all but about a dozen EVs. But General Motors will make up for that loss by offering up to $7,500 in discounts on EVs like the Cadillac Lyriq and Chevrolet Blazer EV, the automaker said. Ford, meanwhile, said it is raising the price on some versions of its F-150 Lightning by up to $10,000, while lowering the cost of premium models by as much as $7,000.

Jeep, Dodge, GMC, VW and Toyota All Increase Prices on 2024 Vehicles

Jeep, Dodge, GMC, VW and Toyota All Increase Prices on 2024 Vehicles

by | Jan 3, 2024 | , , , , , , , ,

After watching prices on new vehicles come down over the course of 2023, several brands rolled out price increases on their 2024 models. Jeep, Dodge, Toyota, Volkswagen and GMC all hiked prices from as little as $150 to more than $4,000 — although GMC did cut the price on one vehicle. Find out more at Headlight.News.

Tesla Sets Sales Record – But Still Misses its Target as BYD Closes the Gap

Tesla Sets Sales Record – But Still Misses its Target as BYD Closes the Gap

by | Jan 2, 2024 | , , , , , , , ,

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.

EV Sales Could Slow as Tesla, Nissan, GM Lose U.S. Tax Credits on Some Models

EV Sales Could Slow as Tesla, Nissan, GM Lose U.S. Tax Credits on Some Models

by | Jan 2, 2024 | , , , , , , , , , , , , , , , , ,

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.

Despite Ongoing Feud with Unions, Tesla Captures Top Sales Spot in Norway

Despite Ongoing Feud with Unions, Tesla Captures Top Sales Spot in Norway

by | Jan 2, 2024 | , , , , , , , ,

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.

EV Tax Credits Will be Easier to Use, Harder to Find in 2024

EV Tax Credits Will be Easier to Use, Harder to Find in 2024

by | Dec 29, 2023 | , , , , , , ,

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.