TROY - There's been a dramatic decrease in new car pricing over the last six months, led by a sharp decline in EV prices, says Michelle Krebs, Executive Analyst with Cox Automotive, the parent company of Kelly Blue Book and Autotrader. Inventories of new vehicles are up a few hundred thousand unit to around 2
MIAMI - One of the thoughts that go through the mind of an EV owner has to do with the impact that DC fast charging will have on the vehicle’s high-voltage battery in the long run. In other words, how much will the battery degrade over time if fast charging is used predominantly? A recent
SAN FRANCISCO - Analysis of the global top ten battery electric car model sales and their average selling price indicates that Tesla could doubles its Model 3 sales by cutting China prices from $32k to $27.7K. This matches Ark Invest analysis of battery electric addressable market and price sensitivity. The Tesla Model Y is on track
SAN FRANCISCO - In the United States – specifically in California – hydrogen fuel car sales volume improved in Q2 2023. In fact, it not only improved YOY (year-over-year) but, according to an InsideEVs report, it also reached the highest quarterly volume ever. During the second quarter of this year, 1,076 new hydrogen fuel cars were sold
TOKYO - According to sources familiar with the plans (via Automotive News), Toyota will begin building the new three-row electric SUV in 2025, shortly after starting production of its own larger EV model. Toyota revealed at the end of May, it would begin assembly of its own three-row electric SUV, also expected to start in 2025.
DETROIT - General Motors is investing $60 million in a Silicon Valley-based battery materials company to help GM bring more affordable electric vehicles to market faster. GM on Wednesday announced the stake in Mitra Chem, an AI-enabled battery materials innovation company. It is part of a Series B financing, which further establishes a startup after
DETROIT - A year and a half after first announcing its intention to move in this direction, it is ready to begin. General Motors first announced in January 2022 that it was working on a Hydrotec hydrogen fuel cell technology that would be used for commercial vehicle applications. The company has been developing this project
DETROIT - General Motors announced recently that during the second half of 2023, it will begin production of several new all-electric vehicles based on the all-new Ultium platform. The company already produces the Cadillac Lyriq, GMC Hummer EV Pickup/SUV and BrightDrop Zevo 600, but the volume remains relatively low (see Q2 2023 sales results) and even GM CFO
PHOENIX, ARIZONA - Nikola was granted a total of $58.2 million from various regulatory agencies to build a series of hydrogen refueling stations for heavy-duty trucks, the company announced last week. Nikola Corporation is a designer and manufacturer of heavy-duty commercial battery-electric vehicles (BEV), fuel cell electric vehicles (FCEV), and energy infrastructure solutions. With headquarters
IRVINE, CA. - Rivian CEO RJ Scaringe said his company’s upcoming EV charging partnership with Tesla won’t change how Rivian customers’ payment information and data are processed, a question on analysts’ minds as a growing number of electric carmakers adopt Tesla’s unique charging standards. “There’s not any data transfer built into the relationship,” Scaringe said
