FridayFeb 03, 2023 10:59 am

Price War Intensifies as Ford Also Slashes EV Prices

Earlier this week Ford Motor Company announced that it was lowering costs for its Mustang Mach-E as well as boosting the sport utility vehicle's production. This came weeks after Tesla lowered prices for its cars by a whopping 20% in reaction to declining demand globally. Ford further indicated that orders that had already been placed by the customers and were awaiting delivery would be subjected to the revised costs. Ford's financing department will offer low interest charges of as little as 5.34% on Mach E orders made on Jan. 30, 2023, through April 3, 2023. The price reductions for the…

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ThursdayFeb 02, 2023 12:28 pm

Toyota Risks Irrelevance If Major EV Pivot Isn’t Quickly Implemented

A week ago, the biggest manufacturer in the world — Toyota — finally acknowledged that electric vehicles are the way of the future when it issued two significant statements. However, it might be a little bit late for a company that revolutionized manufacturing 50 years ago. The first revelation was about Toyota creating a committed electric vehicle platform following its terrible, ill-fated BZ4X venture. The next was about Akio Toyoda, the current CEO of Toyota, stepping down in April, paving the way for a new leadership team that will propel Toyota into a new chapter of what the ideal transportation system…

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WednesdayFeb 01, 2023 12:57 pm

Carmakers Grapple with Including Dealerships in Selling EVs

Auto manufacturers are experimenting with various strategies to enlist dealers in their conversion to electric vehicles as they pursue the kind of profits Tesla is making on electric vehicles. Several companies, including Honda, are shifting to more automobile sales online. The relationship between automakers and franchised dealers is supported by rules in most countries that make it hard for automakers to sell their new vehicles to customers directly without going through franchised dealers. Tesla and other recent autocar companies have found ways to avoid these restrictions and save money. Car producers are reconsidering the sales procedures, which include selling new…

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TuesdayJan 31, 2023 12:36 pm

6 Helpful Negotiation Tips When Buying an EV

If you've decided to buy an electric vehicle this year, you may not be able to negotiate a low price because of the high demand. The reality is that many buyers of electric vehicles won't be able to negotiate pricing. For instance, certain car producers, such as Tesla, never bargain over pricing. In other situations, dealers are unlikely to lower the MSRPs of their small selection of electric vehicles. However, haggling with dealers can be an important aspect of purchasing a car, especially an electric vehicle. Find out how to purchase your next electric vehicle at the lowest cost possible.…

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MondayJan 30, 2023 11:11 am

The Benefits, Drawbacks of Buying an EV Now

If you're on the verge of purchasing an electric vehicle (EV), you may be debating whether to purchase a new car right away or wait. It makes sense that one would be hesitant, because you may be concerned about a number of things, including the weakening economy, skyrocketing rates of interest, new and ambiguous legislation regarding EV tax incentives, and the expensive cost of cars in general. Let's look at some of the benefits and drawbacks of purchasing an electric car right away versus waiting a bit longer. Benefits Rates of interest: Any significant decrease in interest rates won't likely…

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FridayJan 27, 2023 10:19 am

Experts Predict EU Dependence on Chinese EV Batteries Could End in 2030

By 2030, analysts believe Europe will no longer need to import electric vehicle batteries from China, provided it keeps up with the American president's $369 billion (£298 billion) environmental subsidy binge. According to a report by Transport & Environment, which advocates for renewable energy, the European Union is on course to create more li-ion batteries by 2027 to increase supply and end reliance on China for the production of batteries as well as the processing and refinement of battery metals. By 2030, projects in Europe may meet more than one-half of the refined lithium requirements. Currently, Europe doesn’t have any…

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ThursdayJan 26, 2023 10:35 am

Tips for Charging Your EV This Winter

An electric vehicle's battery can deplete faster or slower depending on the season. However, you will probably discover that the freezing winter climate has the most effect on your vehicle's suggested charging schedule as well as the range. The distance one can travel on a battery that is 100% charged is referred to as its range. The range varies depending on how you drive, the size of your car, the climate, and other considerations. Under ideal circumstances, some electric vehicles have the potential to travel more than 400 miles without being recharged. However, many electric vehicles will lose range in…

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WednesdayJan 25, 2023 11:18 am

Could EVs Become Affordable After Tesla Slashes Prices?

Last week, Tesla reduced the pricing for all of its electric vehicles globally. Tesla vehicles have previously ever been less expensive, particularly during the past two years. Tesla did, however, significantly reduce the price of its vehicles in 2022 to reflect the existing market conditions. Tesla had previously dropped its prices in China, where demand for its formerly well-liked vehicles had fallen off. However, the situation has currently returned to a high level of stability in the wake of the reduced prices. The prices of some models saw reductions of 17% in Germany, above 18% in the Netherlands and even…

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TuesdayJan 24, 2023 12:24 pm

How Toyota Fell Behind in Tapping EV Revolution

Toyota and its management have been staunchly opposed to electric vehicles for nearly two decades, until recently when the company has been signaling that it is getting serious about electric vehicles. Early this month, Toyota presented a vintage concept vehicle that runs entirely on batteries as well as a new hybrid model at the Tokyo Auto Salon. Last December, Toyota also revealed a strategy to bring five new emission-free cars to the market in Europe in 2026. However, there is just one electric car available from Toyota as of now, and its sales are quite low. Hyundai and other rivals…

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MondayJan 23, 2023 1:16 pm

City Commuters Turn to e-Bikes as EV Prices Stay Elevated

Electric vehicles are regarded as a crucial strategy to minimize emissions that contribute to global warming. As per the Kelley Blue Book, a brand-new electric car cost more than $65,000 on average last year. However, even if operating costs are lower than those of a gas-powered vehicle, there are still additional expenditures involved with EVs, such as tax and insurance costs, as well as parking fees. Lelac Almagor, from Washington, DC, a mother of three who owns an electric bike, believes there is another way to stop relying on a fuel vehicle — riding an electric bike. E-bikes slash the…

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