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Automakers Lose $6,000 On Every Electric Car They Sell

Jalopnik

Automakers across America have plowed millions of dollars into their electric vehicle strategies in recent years. Whether it’s new product development, engineering to create lighter, more powerful motors or investment in new factories, they’ve all spent a small fortune. Now, it turns out that cost may not be paying… Read more.

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Ford Hopes Small Electric Cars Might Make Americans Buy EVs

Jalopnik

Good morning! It’s Wednesday, March 20, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.

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The Best Used Electric Cars Under $25,000

Jalopnik

But the used market for electric vehicles is cooling off quickly , which means even a… Read more. A lot of buyers are still not jumping on the EV bandwagon for two key reasons: First, our charging infrastructure still kind of stinks , though there are slow steps toward improvement. Second , EVs for the most part, are expensive.

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BYD Will Overtake Tesla As Biggest Electric Car Maker

Jalopnik

A lackluster third quarter from Tesla has the Chinese automaker BYD eyeing the American automaker’s EV crown as the firm is just over 3,000 units away from becoming the largest EV automaker in the world. Read more.

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Guys Who Like Loud Cars Have Sadistic, Psychopathic Tendencies: Study

Jalopnik

Car enthusiasts like most social groups come in different shapes, sizes, and specialties, with some who focus on classic cars, some who love electric cars, and a litany of other niches.

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The Chinese Government Is Subsidizing Nio’s $35,000 Loss On Every Car Sold

Jalopnik

Electric cars are expensive to buy , but that doesn’t stop automakers from losing thousands on each one they sell. And while most startups find themselves scrounging for cash to cover their losses and stay afloat, Nio instead turns to the Chinese government. Read more.

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The Costs of Car Ownership and How to Make Them Cheaper

The Mechanic Doctor

The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics Owning a car or having access to one has become a necessity for many Americans, particularly for families and business owners. However, in today’s market, buying a car is increasingly expensive. If you have a lump sum to buy a car, you may want to pay it in cash.