Remove Affordable Remove Auto Remove Cars Remove Companies
article thumbnail

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.

article thumbnail

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

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S.

article thumbnail

Are Auto Companies Ready for the Future?

Clean Fleet Report

The United Auto Workers strike in the U.S. Several factors drive these concerns, such as lack of charging infrastructure, range limitations, affordability, weight, battery mineral availability, grid capacity, consumer demand and impact on financial performance. Auto companies must act now to control their destinies, or risk extinction.

Future 85
article thumbnail

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. companies, including Tesla, Buick, Lincoln, and Ford. The post Tesla maintenance and repair costs are lowest in the auto industry: data appeared first on TESLARATI.

article thumbnail

Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

Tesla price cuts push EV market toward affordability with broader influence In 2022, Tesla’s prices were higher and were competing with companies such as Mercedes-Benz, Aston Martin and Lexus. average car price. The post Tesla is no longer just a luxury brand, says major auto outlet appeared first on TESLARATI.

article thumbnail

Renault 5 €25,000 small EV unveiled at Geneva Auto Show

Teslarati

Renault unveiled the Renault 5 city car at an automotive show in Switzerland this week, with its latest electric vehicle (EV) being a small, affordable option for European markets. As expected, the Renault 5 EV was unveiled at the Geneva International Auto Show on Monday, and it can now be seen on the automaker’s website.

Auto 102
article thumbnail

Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. Kia announced that it is shifting its electric vehicle plans to include more hybrids and affordable EVs. It plans to boost demand by launching a series of new affordable EVs.

Kia 52