Remove Car Remove Electric Cars Remove Finance
article thumbnail

A Third Of All Drivers Are Underwater On Their Cars

Jalopnik

A new survey shows that 31 percent of American drivers who financed their car are u nderwater on their loans. The problem is even worse for EV owners – 46 percent of those folks have negative equity in their electric cars. Americans have a huge automotive debt problem right now.

Finance 62
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

U.S. Hits EV Record As Global Electric Car Sales Rise 30 Percent

Jalopnik

Good morning! It’s Tuesday, October 15, 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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

This $41,000 China-Only EV Sports Car Has All The Right Specs

Jalopnik

Chinese start-up SSC says it will be unveiling a brand-new customer-ready electric sports car for deliveries later this year. It’s called the SC-01, and if everything the company is saying about the car is true, it could be the most exciting driver-focused electric car since the original Tesla Roadster.

Car 66