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Hyundai teases first images of affordable all-electric INSTER

Electric Cars Report

Hyundai Motor Company today unveiled the first official teaser images of its new A-segment sub-compact EV: INSTER. Hyundai says the INSTER will set new standards in terms of […] The post Hyundai teases first images of affordable all-electric INSTER appeared first on Electric Cars Report.

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Affordable EV incoming! Jeep locks in affordable electric SUV that will shock you with its price

EV Central

Stellantis boss Carlos Tavares has pledged that Jeep’s affordable all-electric SUV will be priced from less than US$25,000 ($A37,500) in the USA – almost US$19,000 less than the cheapest Tesla Model Y. “So our job is to bring the safe, clean and affordable BEV to the US, $25,000. READ MORE: Avenger assemble!

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Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

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Ford poaches ex-Tesla, Rivian, and Apple talent to develop affordable EVs

Baua Electric

As the race heats up to introduce more affordable electric cars, Ford is bringing on some of the best EV engineers to help it compete. Over the past few months, Ford has hired talent from Tesla, Rivian, Apple, and Lucid to help accelerate the development of affordable EVs.

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Honda asks: Could leased batteries lead to more affordable EVs?

Baua Electric

The joint venture company called Altna , announced Thursday, has been formed as a 50:50 venture between Honda Motor Co. The new company will also manage the end-of-life recycling of the batteries after they’re used for grid-storage purposes, so as to recover materials used for making new cells. Honda, Mitsubishi Corp.

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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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Volkswagen launches “Electric for All” campaign, demos rolling chassis of MEB

Green Car Congress

Volkswagen is launching its “Electric for All” campaign—a strategic effort to put attractive electric vehicles at affordable prices on the road, paving the way for the breakthrough of electric vehicles. This Wallbox is an affordable home system that makes charging the ID. The company is investing €1.3