Search Results for: Lucid

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”

The auto vehicle leasing industry may be instrumental in pushing electric vehicle penetration in the European Union by allowing tens of millions of households to tap into the growing used-EV market. Experts predict that at current electrification rates, EV units from today will hit the used vehicle market about 2035, giving 33 million EU households … Continue reading “The Leasing Industry Could Help in Availing Used EVs, Deepening EV Penetration”

The Internal Revenue Service has unveiled a portal that will allow prospective electric vehicle buyers to access EV tax credits at the point of sale. Car dealers can now dole out EV tax credits of up to $7,500 when customers on-site buy electric cars by registering with a website called Energy Credits Online. This could … Continue reading “IRS Unveils Portal Allowing Dealerships to Give EV Buyers Access to Tax Credits”

Japanese automakers are poised to debut a variety of electric vehicle models at an upcoming auto show in a bid to catch up to EV industry leaders Tesla and BYD. Toyota, Japan’s largest vehicle brand, has been slow to take to electrification and is one of the only major automakers with barely any footprint in … Continue reading “Japanese EV Makers to Showcase Upcoming Models at Auto Show”

Animoca Brands has announced it will launch an electric vehicle e-racing offering titled Formula E: High Voltage on Oct. 19, 2023. Developed via a partnership between Aminoca Brands and Amber, the Web3 EV racing game will leverage environmentally friendly blockchain technology to grant players and fans digital ownership of their in-game items. These items will … Continue reading “Game Developer Announces Debut of EV e-Racing Offering”

After nearly a decade of dominating the electric vehicle industry, Western automakers are pushing back against Tesla’s dominance in the high-end EV segment. Patryk Doornebos from Car Triple notes that although Tesla is still a go-to option for drivers interested in high-end electric cars, the segment has seen the introduction of pricey EV models from … Continue reading “Five EV Models the Affluent Have Been Buying”

Just one day after launching a subsidy program for EV solar charging, Germany was forced to stop the subsidy scheme amid booming demand from EV drivers. The plan aimed to subsidize payments for the installation of rooftop solar panels for charging electric vehicles as well as charging and storage points. Funding worth $317 million (300 … Continue reading “Germany Suspends EV Solar Charging Subsidy Due to Overwhelming Demand”

After more than a decade of high electric vehicle prices, oversupply in the nascent EV market is causing EV prices to plummet. Average Tesla prices have fallen by close to 20% over the past year, and other EV makers in other major markets are cutting their prices to remain competitive in an increasingly saturated market. … Continue reading “EV Prices Drop as Inventory Levels Grow”

Electrified roads may be the key to addressing consumer issues with electric vehicle charging and range anxiety. Automakers have spent the past couple of years producing electric cars with increasingly longer ranges, but charging electric vehicles is much less convenient compared to refueling a conventional petrol or diesel-powered car. While EV owners can install private … Continue reading “Electrified Roads Could Address EV Charging Concerns”