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BYD, the largest electric vehicle manufacturer in the world, has announced that it will construct an industrial complex in northeastern Brazil. Headquartered in China, BYD has surpassed Tesla in sales in its local market and is now threatening to challenge Tesla’s supremacy on the global stage. BYD’s global vice president Stella Li made the announcement … Continue reading “Chinese Companies Make Major EV Investments in Brazil”

Motor Intelligence has released data showing that Tesla has maintained its dominance of the U.S. electric vehicle market while legacy automakers have continued to overpromise but under deliver in this nascent industry. The vehicle data firm says that Tesla has widened the gap between its total sales and those of its rivals. For example, in … Continue reading “Tesla Remains Dominant in US EV Industry as Hyundai Exceeds GM’s Sales”

Ford’s top honcho has issued a warning that the United States is not ready to fight with China over the production of electric vehicles. The chairman of Ford, Bill Ford, said that the company is now mobilizing all resources to prepare for an influx of imports from abroad. He also mentioned how swiftly the electric … Continue reading “Fords Says US Isn’t Ready for EV Market Fight with China”

As a growing number of people become increasingly aware of their impact on the environment, the search for ways to support sustainably has led to energy-efficient vehicles, such as EVs, becoming popular as the years go by. Several factors are important to take into account in order to make a good choice if you are … Continue reading “Six Factors to Consider Before Buying an EV”

India is considered by many to be a nation whose impact could increase greatly as the 21st century goes on given its large military, economy, and population. However, the country is yet to catch up in terms of electric vehicle adoption. In the view of the International Energy Agency (IEA), China, the United States and … Continue reading “Major EV Makers Look to India in Expansion Bid”

Prices of lithium have been falling sharply since early this year, meaning that less expensive electric vehicles may be expected in the future. After a two-year surge, the main battery ingredient declined by more than 65% as of January 2023. In November, the price reached a peak at $85,000, and Jean-Charles Cachon, an analyst from … Continue reading “Significant Drop in the Price of Lithium Could Result in More Affordable EVs”

The Biden government may permit companies in Europe to take part in United States tax subsidies in billions of dollars for electric vehicles if the two sides can reach a trade agreement in the coming weeks. According to a senior government official, this decision could help reduce a significant source of tension between the two … Continue reading “US Explores Ways to Extend Subsidies to EU-Made EVs”

When electric cars began to proliferate in the automobile industry at a quicker pace, safety was and has always been a top concern for potential buyers. The Insurance Institute for Highway Safety (IIHS), a well-known vehicle safety organization, presented evidence that electric vehicles have become just as safe as traditional ones. Actually, according to a … Continue reading “The Top Five EVs According to Crash Tests”

The dramatic price reductions made by Tesla last month contributed to a $3,300 decrease in the average cost of a newly purchased electric car throughout the United States. Based on a report from Kelley Blue Book (KBB), a company for vehicle valuation, the average cost of an electric car in December was $62,088 but dropped … Continue reading “Average EV Price Dropped by $3,000 in January”

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, … Continue reading “6 Helpful Negotiation Tips When Buying an EV”