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Battery cost makes affordable Toyota EV unlikely, exec says

Baua Electric

An entry-level Toyota EV is unlikely in the near future due to high battery costs, an executive said in a recently published interview with Autocar. And it definitely won’t be among the five new electric SUVs Toyota plans to launch by 2026, Autocar noted. Toyota has launched a C-HR plug-in hybrid in Europe, too.

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Tesla $7,500 credit up front, Toyota affordable EVs, Ram electric vans: Today’s Car News

Baua Electric

Toyota pushes back about the viability of affordable EVs. Toyota is the latest automaker to dismiss the viability of an affordable EV —in this case, specific to the European market. Ram introduces a lineup of electric vans. And Tesla buyers can now get the $7,500 EV tax credit up front—if they qualify.

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Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

Toyota Urban SUV Concept And never mind the Nissan Leaf, apparently—or the Chevy Bolt EV. Two automakers this past week, both known for affordable gasoline cars, dashed hopes of seeing more affordable EVs anytime soon. Toyota also dismisses the viability of an affordable EV —in this case, specific to the European market.

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Kia mulls EV plant in Thailand to take on Toyota and BYD with affordable electric cars

Baua Electric

Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Affordable electric cars are coming Kia has already revamped the brand as the industry transitions to electric with a new logo and design. Meanwhile, Kia has bigger (or, smaller and more affordable) plans. billion in EV investments.

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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 post Tesla maintenance and repair costs are lowest in the auto industry: data appeared first on TESLARATI.

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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. The post Tesla is no longer just a luxury brand, says major auto outlet appeared first on TESLARATI. average car price.

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Toyota Land Cruiser could spawn two new EVs to rival Mercedes, Land Rover

Baua Electric

Toyota wants to bring the Land Cruiser brand into the electric future with two new EVs. The company is reportedly gearing up to electrify the Toyota Land Cruiser with its own brand. As Toyota’s longest-running nameplate, it only makes sense for an electric Land Cruiser. However, this will likely be the final gas-powered version.