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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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Even Ford Is Walking Back Its EV Plans In Europe Now

Jalopnik

It planned to invest $2 billion to transform the Cologne, Germany plant into an electric car production giant. The plan had stepping stones toward a fully electric 2030 , including every one of its cars coming with… Read more.

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The EV Price Premium Is Evaporating

Jalopnik

There are currently 57 electric vehicle models on sale in the U.S., and while Tesla is still the most popular, new players in the electric car market are driving competition and prices keep dropping. EV sales are still growing, though that rate of growth has slowed dramatically over the last year or so. The… Read more.

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Which Automaker Do You Think Is The Next One To Go Bankrupt?

Jalopnik

It wasn’t too long ago that some people seriously believed that legacy automakers ’ time was limited and that it was only a matter of time before Tesla and its electric cars would drive them out of business. It was a laughable idea on its face, but that didn’t stop people from repeating it. And yet, somehow, against… Read more.