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American all-electric automaker Rivian Automotive has received a conditional commitment from the U.S. billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States.
Why Consider Electric Cars? Pros Explained Electric cars have become a hot topic in the automotive world. By considering the pros and cons of electric cars, you can make an informed decision about whether they are right for you. How Do Electric Cars Benefit the Environment? Electricity is generally cheaper than gasoline.
According to Stats Can, The majority of these registrations were battery-electric vehicles (BEVs), which made up 73.8 According to Stats Can, The majority of these registrations were battery-electric vehicles (BEVs), which made up 73.8 Plug-in hybrid electric vehicles (PHEVs) accounted for the remaining 26.2 per cent (BEVs: 9.9
Identify the range of services your business will offer, such as general repairs, diagnostics, or specialty services like electric vehicle maintenance, and consider how these services might expand in the future. For instance, prepare for the growing demand for electric vehicle maintenance and advanced driver-assistance systems calibration.
The new Scania battery-electric bus platform , one part of the company’s complete e-mobility solutions covering vehicles, services, and systems makes its debut at Busworld on Oct. Scania adds its committed electrification journey started with field tests of hybrid electric buses as early as 2007.
The study highlighted the growing satisfaction among electric vehicle (EV) buyers, who are leading the way in satisfaction during the car-buying process. These tools provide clarity on inventory, financing options, and add-ons like charging equipment or related F&I products, making complex components of the EV purchase more accessible.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). This article explores how car dealers are adapting to the growing presence of certified electric vehicles (EVs) in the used car market and what this means for consumers.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). This article explores how car dealers are adapting to the growing presence of certified electric vehicles (EVs) in the used car market and what this means for consumers.
From the rise of electric vehicles to the integration of artificial intelligence into vehicles, the landscape is evolving at an unprecedented pace. Interest rates have reached their highest levels in years, increasing costs for consumers seeking financing for vehicle purchases.
The legendary Mopar brand was optimistic about its future in recent years, announcing a move to all-electric luxury vehicles by 2028. The Chrysler brand is in dire straits right now as its product lineup has dwindled to a single product, the venerable, but long-in-the-tooth, Pacifica van. Now, with that deadline just Read more.
If you were interested in picking up the electric Ram 1500 REV pickup, youre going to have to wait a bit. Slowing EV demand , specifically for half-ton electric pickups, has led the automaker to change the rollout plans for its pair of electrified trucks. The electric Ram REV is now delayed until 2026, while the Read more.
Rivian makes excellent electric trucks and SUVs , but its not great at actually making money on them yet the company loses tens of thousands of dollars on every EV it gets out the door. To rectify those financial woes, Rivian is now offering thousands of dollars off its R1S and R1T in hopes of boosting sales. Read more.
Mercedes-Benz has spent a lot of time and billions of dollars bringing its five electric vehicle offerings stateside. Unfortunately, no one really seems to care, and because of that, theyre all flopping hard. In 2024, the EQB crossover saw a 36 percent sales drop, the EQE saw a 39 percent drop and the flagship EQS Read more.
Credit unions remain cautiously optimistic about the auto finance landscape through the end of 2024. Most do not anticipate improvements in liquidity and delinquency crises or significant impacts from lowered interest rates until mid-2025, as per CULA’s recent “Future of Auto Finance – The Next Six Months” survey.
These days, it seems like all the desirable, interesting cars are staying expensive instead of getting cheap so they can ruin the finances of normal people willing to roll the dice on maintenance and repairs. Those may be bad decisions, but we at least want the opportunity to make them, dammit. The BMW i8 , on the Read more.
Good morning! Its Monday, January 27, 2025, 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.
BMW calls the 15-horsepower 48 volt electric motor in the new CE 02 electric scooter an “ externally excited air-cooled synchronous motor.” That’s a really fancy way of saying that the Motorrad division of the company raided the automobile side of the company’s parts bin for a current 3-series alternator and repurposed… Read more.
The world of electric vehicles is uncertain right now, with automakers backtracking on targets, the new U.S. Not Ferrari, though, as the famed Italian automaker has confirmed that its first electric car is coming, and its Read more. government slashing support for their rollout and brands delaying new models all over the shop.
The latest auto finance digital transformation index data illustrates where the industry stands in this operational journey. Electric Vehicle Sales More shoppers are choosing electric vehicles so far this year than ever, according to vehicle sales data from Cox Automotive. Cox Automotive also estimates 35.7 million in 2022.
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.
Audi is calling its stylish new off-road electric concept car a reinterpretation of Quattro that showcases the potential of the PPE platform, but theres a much simpler reason this electric Q6 E-Tron concept is cool: It has portal axles. The all-black-everything Q6 E-Tron Offroad concept is lifted nearly 6.5 inches Read more.
Managed by the new Stellantis Charging and Energy Business Unit, Free2move Charge addresses electric vehicle customer needs at home, in their business and on-the-go. “As Free2move Charge Home delivers private customers support with installation, financing and warranty of home charging and other energy hardware and services.
Norway has been the poster child for the electric vehicle transition. However, the country is beginning to realize the combustion versus electric struggle doesn’t exist in a… Read more. EVs have outpaced gasoline-fueled cars in sales for the past few years , encouraged by generous subsidies and an expansive charging network.
Inventory levels have mostly recovered, and dealers are generally willing to work with you. That said, not every new car that you could possibly want is going to be a great deal. In fact, several new cars are still selling for more than MSRP. It certainly isnt Read more.
It’s tough starting a new electric vehicle company these days, just ask Faraday Future or Lordstown Motors. But Rivian seemed like one of the good ones that might actually make it, as it’s been shipping its electric trucks out to customers for almost two years now. However, the company is still burning through cash at… Read more.
Norway is leading the entire world when it comes to electric vehicle adoption. Nine out of ten cars sold in the Nordic country in 2024 were powered by electricity. That puts the country well on track to hit its goal of only adding EVs to the road in 2025. Thats a lofty task, but if anyone is equipped to do it, Norway Read more.
Today’s Nice Price or No Dice Transit Connect electric is touted by its seller as a “piece of automotive history.” Let’s see if its price sets some sort of historical record. Read more.
Toyota teased a new addition to its GR sports lineup last week, a sleek electric coupe that uses buttplug technology for high-density energy storage. Now, we’ve finally seen the car in full, but it comes with a strange caveat: Despite the near-production looks, it may take some time for this new FT-Se to actually hit… Read more.
DCG said hybrid and electric vehicles are undeniably a growth driver and with dealers becoming more receptive to selling these models, we can expect the combined segment to continue to steadily gain market share for the foreseeable future. Pickup trucks and SUVs have long been the dominant vehicles in the U.S.
Out of all the legacy automakers, Volvo is one of the most steadfast and fastest working when it comes to the transition to electric cars. Volvo already has a growing lineup of electric cars that are either on sale now… Read more. In every market the Swedish brand will only sell EVs by 2030 , with no caveats or asterisks attached.
Hyundai is leasing base models of the new Kona Electric for as little as $169 per month for 24 months with $1,999 due at signing,… Read more. We recently shared that Hyundai is leasing its Ioniq 6 EV for as little as $239 per month with $0 down , making it the cheapest lease deal in the U.S., but this Kona deal is almost as sweet.
The idea of a high-powered hybrid-electric personal luxury grand touring coupe is strangely appealing to my sensibilities. The Polestar 1 served as both the capstone and the launching point for Volvos electric Polestar brand spinoff, and it was the absolute pinnacle of what the brand was capable of at the time. With Read more.
Volvo will stop financing the Polestar electric sports car business. The Swedish carmaker is going to pull the plug on financing the all-electric brand Polestar. The two companies will continue to collaborate on research and development, manufacturing, and sales. continue reading. )
As electric vehicles (EVs) continue to gain popularity, it is crucial for automotive retail businesses to understand and cater to diverse consumer segments. The motivations women may choose electric vehicles are varied but often revolve around environmental consciousness, cost savings, and technology adoption.
If you can believe it, more than 20 years have passed since Porsche introduced the first generation of its Cayenne SUV. What was once a super controversial model that was talked about like it would lead to the death of Porsche has become one of the brand’s biggest sellers and the benchmark of the performance SUV… Read more.
After worries about charging and range anxiety , the biggest issue many car fans have with electric vehicles is that they’re no fun to drive. They argue that one-pedal driving , regenerative braking and no real gearbox to play with makes them soulless. Now, General Motors is hoping to change that and convert you to its… Read more.
Don’t get me wrong, Tesla is still dominating the electric vehicle market , but control is quickly slipping. The Austin, Texas-based automake r handed over fewer vehicles than analysts expected during the third quarter of 2024 as more compelling competition comes online in China and Europe. It doesn’t help that most of T… Read more.
Tesla boss Elon Musk has been promising an entry-level $25,000 electric vehicle for six years. He first mentioned the possibility of the car in 2018, saying it would happen within three years, then doubled down on the idea at Tesla’s Battery Day in late 2020. According to reports from Reuters , Tesla has inquired with… Read more.
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. It wasn’t all that long ago, February of 2021 in fact, that Ford Europe announced it was “ all-in on EVs.”
The Fiat 500e is small, electric and starts a little under $35,000. It’s also more spacious than the old 500e and comes with significantly more range. Unfortunately for Fiat, there aren’t a lot of places in the U.S. where its small size is an advantage, so it’s a little surprising that Fiat decided to offer it… Read more.
Dodge has a lot riding on the success of the next-gen Charger, specifically the Charger Daytona EV. Aside from p **g off “The Brotherhood” by abandoning the Hemi V8, Dodge needs to nail the Charger to get its EV transition underway. Unfortunately for Dodge, a few problems have crept up during last minute testing,… Read more.
It's time to check those finances if you're an off-roading truck fan, as we just stumbled upon a Shelby Baja Raptor. Based on the Ford F-150 Raptor, it came from Shelby American featuring off-road bumpers, additional LED lights, a ram air hood, electric running boards, tw. continue reading. )
For as long as there have been electric vehicles, their critics have disingenuously argued that it’s impossible for EVs to ever take hold in the U.S. until the working class can afford to drive them. Despite that not having been a prerequisite for the proliferation of pricey trucks and SUVs, it’s been a pervasive… Read more.
As far as legacy automakers go, Jaguar was relatively early to the electric vehicle game with the I-Pace. And the I-Pace was just the first step toward Jaguar going all-electric. It was never a big seller, especially not here in the U.S., but it did exist. Instead of continuing production of the rest of its lineup… Read more.
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