Search Results for: Lucid

While new electric vehicle sales have been declining for several months amid high interest rates and purchase prices, green-energy proponents could draw some comfort from the fact that consumers are turning to the used-EV market in droves. Thanks to a confluence of factors, including falling prices in the secondhand electric-vehicle market along with tax breaks, … Continue reading “Used EV Sales Surge Despite Dip in New Vehicle Sales”

Cheap electric cars manufactured in China could make it difficult for U.S. carmakers to compete in markets outside the United States. Thanks to the 27.5% tariff levied on Chinese electric cars when they enter U.S. ports, China’s quickly expanding electric-vehicle industry has been unable to expand into the U.S. market. However, while U.S. lawmakers have … Continue reading “Cheap Chinese EVs Could Put US Automakers in a Bind”

In late 2021, car rental giant Hertz ordered around 100,000 battery electric vehicles (BEVs) worth $4.2 billion from Tesla. The purchase gave Hertz the largest electric vehicle fleet in North America and was a great sign for the nation’s fledgling electric vehicle industry. If a fleet manager such as Hertz bought into the electric-vehicle dream, … Continue reading “Hertz’s EV Selloff Boosts Used-EV Market”

Mullen debuted its FIVE RS at this year’s CES show in Las Vegas Several car and auto publications reported on the unveiling of the new model Mullen anticipates beginning production of the FIVE RS in late 2025, with sales commencing in mid-2026 For the first time ever, Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) … Continue reading “Mullen Automotive Inc. (NASDAQ: MULN) Displays Vehicles for First Time at CES, Unveils Newest EV Offering”

Stellantis has announced that it will adopt the Tesla North American Charging Standard (SAE J3400 plug) for future electric vehicle models in North America. With brands such as Dodge, Ram, Jeep and Chrysler under its umbrella, the Amsterdam-based parent company becomes the latest major carmaker to adopt the charging standard. The automaker said its first … Continue reading “Stellantis Announces Plan to Adopt Charging Plug from Tesla”

Houthi attacks on ships passing through the Red Sea have forced most shipping container companies to suspend operations in the critical shipping lane. The electric vehicle industry is one of the many sectors that are now dealing with the fallout of the ongoing Red Sea crisis. Despite enjoying record sales in 2023, car manufacturers Tesla … Continue reading “How Crisis in the Red Sea Could Impact EV Industry”

Last year was a mixed bag of a year for the nascent electric vehicle industry. Major companies such as Tesla broke sales records while Chinese automakers made major inroads into international markets. However, surging interest rates and high prices depressed electric vehicle demand as 2023 drew to a close, forcing many automakers to reconsider their … Continue reading “The Top Stories That Made EV Headlines in 2023”

Electric vehicles may offer drivers a more superior driving experience in the winter compared to their gas-powered counterparts. Although we know that cold weather can impact EV performance by slowing down chemical reactions in the battery and reducing output, EVs offer an objectively superior experience despite the limitations caused by cold weather. Loss of range … Continue reading “Why EVs Are Better Than ICE Vehicles in Winter”