article thumbnail

Look out Ford Maverick and Hyundai Santa Cruz! Toyota plotting affordable all-electric baby HiLux  

EV Central

In a recent interview with US industry journal Automotive News , Toyota North America’s CEO Ted Ogawa said that the carmaker wanted a ‘baby HiLux’ to rival the strong-selling Ford Maverick and Hyundai Santa Cruz and hinted that such a ute could be battery-powered. READ MORE: Electric HiLux incoming!

Toyota 59
article thumbnail

Honda admits it needs affordable EVs with plans for an electric Civic successor

Electrek

For Honda to compete as the industry shifts to electric, CEO Toshihiro Mibe explained, “We need more affordable EVs.” Honda is set to expand its lineup with an electric replacement for its all-time best-selling Civic.

article thumbnail

Honda admits it needs affordable EVs with plans for an electric Civic successor

Baua Electric

For Honda to compete as the industry shifts to electric, CEO Toshihiro Mibe explained, “We need more affordable EVs.” Honda is set to expand its lineup with an electric replacement for its all-time best-selling Civic. The new electric sedan is expected to roll out in 2026, followed by an SUV shortly after.

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

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.

article thumbnail

Tesla Model 2 abandoned? Multiple sources say $25,000 electric car dead, Elon says it’s all lies

EV Central

According to Reuters multiple sources behind the scenes have confirmed the affordable EV is no longer happening with resources switched to developing self-driving robotaxis. Top selling electric car slashed up to $8500; could it outsell the Ford Ranger? READ MORE: Tesla Model Y cheaper than ever! Tesla CEO Elon Musk.

article thumbnail

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. family easy and convenient.