Updated fuel economy rules from the Environmental Protection Agency delays phaseout of EV mileage rules that provide extra credits to automakers for EVs they sell as electric vehicle market faces cooling sales and demand.
EV news
Cadillac’s Opulent Velocity Concept Teases EV Performance Future
Cadillac prepares to shift its EV ambitions into high gear with first tease of the Opulent Velocity concept. The mysterious show car promises to rewrite EV performance but leaves more questions unanswered. Get details at Headlight.News.
Public Charging Problems Key to Slowing Growth of EV sales – Study
While growing eightfold between 2019 and 2023, EV sales flattened out during the second half of last year, and a new study puts much of the blame on public concerns about problems with the public EV charging network. It’s not just the lack of chargers but the fact that so many of them are routinely out of service. Find out more at Headlight.News.
EV Tax Credits Will be Easier to Use, Harder to Find in 2024
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.
Where’s My Affordable EV? Tesla, GM and Other Automakers Claim it’s Coming
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.
Chevy Orders Dealers to Stop Sales of Blazer EV
General Motors has issued a stop-sale order on the 2024 Chevrolet Blazer EV due to mounting reports of problems with the battery-powered SUV. The issues appear to be software-based, and among those motorists have cited, are problems getting the vehicle to charge. A spokesman told Headlight.News the concerns impact a “limited number” of Blazer EVs, adding that Chevy is looking to make very quick fixes.
Hyundai’s Ioniq 2 Could Be the Low-Cost EV the Market Needs
The EV share of the U.S. new car market has grown over 800% since 2019 – but it’s flattened out in recent months and industry analysts say the high cost of today’s all-electric models is a major problem as EVs go from niche to mainstream. Hyundai hopes to address that problem, a senior exec has hinted, with a new entry model likely to be dubbed the Hyundai Ioniq 2. More from Headlight.News.