Electric Vehicles
Analysts are still sizing up the impact of the Inflation Reduction Act, and now see it more than doubling EV sales. Green Car Reports starts looking at the effects of the EV leasing loophole using federal money to cut the cost of imported and luxury-brand EVs. And we get a complete picture of how much…
The effects of the Biden administration’s Inflation Reduction Act can already be seen in various ways in the EV market. And one of them, recent data suggests, is an abrupt uptick this year in the portion of EVs leased rather than bought. While the IRA re-upped the federal EV tax credit of up to $7,500…
Stellantis N.V. and Samsung SDI today announced that Kokomo, Indiana, will be the site for a second battery manufacturing facility in the United States as part of the StarPlus Energy joint venture. The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours (GWh). The…
Provisions of the Inflation Reduction Act (IRA) could more than double U.S. EV sales compared to previous projections, according to new analysis from S&P Global Mobility. A pre-IRA forecast saw two million U.S. EV sale by 2030. Now, with IRA-influenced trends like greater automaker investment in EV manufacturing, as well as a revamped federal tax…
The BMW Group sold 93,931 fully-electric BMW and MINI vehicles in the third quarter – an increase of +79.6% compared to the same period of last year. The BMW brand once again doubled its third-quarter deliveries of fully-electric vehicles from the same period of last year (+100.3%). The company was thus able to translate customer…
Reservations for the 2024 Kia EV9 open October 16, the automaker announced Monday alongside full pricing details for the three-row electric SUV. Kia revealed a starting price of about $56,000 last month, announcing a $54,900 price for the base EV9 Light in single-motor, rear-wheel drive form before destination. The automaker has now confirmed a $1,495…
Mercedes-Benz Cars sales reached 510,600 units (-4%) in the third quarter, a solid performance in a volatile market. Volumes were impacted by a model changeover for the E-Class and a supply-chain bottleneck which constrained availability of the GLC. Sales of the Mercedes-Maybach rose by 26% during the same period. The transformation of Mercedes-Benz continues with…
Mitsubishi Motors heads to the Japan Mobility Show 20231 to premiere an electrified crossover MPV concept car that will awaken the adventurous spirit of drivers and expand their horizons. In addition, the company will debut the all-new Triton2 pickup truck in Japan, as well as display the Last 1-mile Mobility, a small mobility vehicle developed…
The all-new BMW iX2 has been unveiled by the German premium automaker, in addition to the existing gasoline and diesel options under the X2 nameplate. The worldwide market launch will get underway in March 2024 with the all-electric BMW iX2 xDrive30. In summer 2024 a second fully electric variant will be added to the line-up….
Lexus will exhibit at the first-ever Japan MObility Show 2023 from October 26 to November 5 under the theme “Discover a future you can’t wait to navigate!” The press conference is scheduled on press day at 10:30 a.m. Wednesday, Oct. 25, at the Lexus booth. The Lexus booth theme will be “Pushing the Boundaries of…
