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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.

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Solid-state battery company Solid Power closes $130M Series B led by BMW, Ford and Volta

Green Car Congress

Solid Power, a developer of all solid-state batteries for electric vehicles, announced a $130-million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. The BMW Group and Ford aim to utilize Solid Power’s low-cost, high-energy all solid-state battery technology in forthcoming electric vehicles.

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BMW Accused of Emissions Cheating, Does Anyone Really Care?

The Truth About Cars

Regulators in Germany have opened an investigation into alleged diesel exhaust rule circumvention on the part of BMW. The Kraftfahrt-Bundesamt (KBA), Germany’s federal transport authority, has alleged that BMW X3 models equipped with the brand’s 2.0-liter It’s a situation reminiscent of the Volkswagen Dieselgate scandal from 2015.

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Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

Green Car Congress

These positives have led to significant investment by car manufacturers, including Hyundai, Toyota and BMW. Manufacturers will need to make hydrogen vehicles more affordable to become viable for fleets, but increased range and suitability for heavy goods transport will ultimately drive growth and economies of scale.

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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. The auto industry is eager to move as fast as it can towards zero-emission vehicles.

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Tesla becomes South Korea’s second-largest importer, beating Mercedes-Benz

Teslarati

Industry data has revealed that Tesla successfully overtook Mercedes-Benz to become South Korea’s second-largest vehicle importer in March 2024. South Korea’s top vehicle importer in March 2024 was BMW, which accounted for 6,549 units. This is the first time that Tesla was able to beat Mercedes-Benz in terms of sales in South Korea.

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Electric Vehicle Battery Replacement Cost in India: Examining Affordability and Long-Term Viability

Get Electric Vehicle

However, advancements in battery technology are continuously driving down costs, making EVs more affordable in the long run. #2. It is projected that the cost of electric vehicle batteries could drop by around 50% in the next decade, making EVs even more affordable and competitive with traditional combustion engine vehicles.

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