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Battery cost makes affordable Toyota EV unlikely, exec says

Baua Electric

Some automakers are launching small, affordable EVs for the European market, but Toyota currently has no plans to follow them, Andrea Carlucci, the automaker’s European development boss, said. And it definitely won’t be among the five new electric SUVs Toyota plans to launch by 2026, Autocar noted. But it’s only U.S.-market

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. EVs are definitely not a want of our guests today. Electric vehicles are exciting. It should be driven by consumer demand, and consumer demand isn't there yet."

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April auto gross sales defy financial hesitancy

Baua Electric

” Regardless of buying groceries process, affordability extra a priority. Chris Hopson, most important analyst at S&P World Mobility, stated the “unsteadiness” within the economic system shall be mirrored in auto gross sales, and volatility is most probably within the coming months. Honda Motor Co.,

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Auto lenders don’t plan to calm down prior to finish of 2023, survey presentations

Baua Electric

Peter Muriungi, CEO of Chase Auto, mentioned on the height Chase had adjusted to emerging delinquencies essentially by means of getting more difficult on borrower collateral. He described Chase’s mindset as “affordability’s affordability,” he mentioned. “We went hedgehog,” he mentioned.

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Xpeng reveals new, affordable P5 sedan to compete with Tesla Model 3

Teslarati

The P5 is affordable and surprisingly less expensive than the widely popular Model 3 in China and includes a series of new driverless technology features that are powered by polarizing LiDAR systems. The price of the Xpeng P5 was set to be released later this month at the Shanghai Auto Show on April 19th.

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Rapido revival in sight: Central guidelines set to reignite bike taxi services in Delhi and Maharashtra – ET Auto

Baua Electric

The advisory explicitly states that motorcycles fall within the definition of contract carriages as per the Motor Vehicles (MV) Act, 1988. The bike taxi industry, seen as a solution for affordable and faster transportation, is poised for growth, with Rapido actively contributing to first and last-mile connectivity.

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Ford joins PT Vale Indonesia and Huayou in Pomalaa nickel project; offtake agreement

Green Car Congress

creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable. All three companies are making equity investments in the Pomalaa Block High-Pressure Acid Leaching (HPAL) Project through a definitive agreement.

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