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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

auto market anytime soon , some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. auto sector,” the organization writes. “The Chinese car companies are the most competitive car companies in the world,” Musk said during the call.

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Tesla maintenance and repair costs are lowest in the auto industry: data

Teslarati

Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

Trends such as an increased adoption of Internet of Things (IoT), more safety features and online marketplaces are expected to shape the future of the Indian automotive industry. In the coming years, we are going to witness further rebalancing in the crude sector.

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ACEA study finds cost still strong deterrent for EV uptake across Europe; calls for “realistic” targets recognizing affordability

Green Car Congress

A new study by the European Automobile Manufacturers’ Association (ACEA) finds that the affordability of electric cars remains a strong deterrent for customers across the EU, along with lack of infrastructure and lack of investment in infrastructure. To put this in context, pure battery-electric cars accounted for just 0.7%

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Can small car segment bounce back by 2026? Trends suggest otherwise

Baua Electric

By: HT Auto Desk | Updated on: 10 May 2024, 13:15 PM The small car segment, which includes the hatchbacks, once ruled the Indian auto industry with nearly half the market share. Read more Maruti’s small cars seen parked at the Manesar facility. In April, the share dropped further to under 50 per cent.

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Tesla looking to produce next-gen EV codenamed “Redwood” in mid-2025: report

Teslarati

Despite this, the company still does not have a car that can compete in the affordable segment, as both the Model 3 sedan and Model Y crossover are still premium vehicles. A new mass-market electric car that would be built on this platform is reportedly codenamed “Redwood.”

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