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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 total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.

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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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Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

Ford Motor Company and Zotye have agreed to establish Zotye Ford Automobile Co., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. and board director of Zotye Auto. Earlier post.). Earlier post.). —Peter Fleet.

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Ford secures nickel supplies with $4.5 billion investment

Teslarati

Ford has announced that it has partnered with two other entities to construct a nickel processing facility in Indonesia. Besides the massive retooling effort that has taken the auto industry by storm over the past two years, the search for raw materials for EV batteries has become a growing priority for automakers.

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Mahindra and Ford to explore strategic cooperation to drive profitable growth in India and other emerging markets

Green Car Congress

Mahindra Group and Ford Motor Company have agreed to explore a strategic alliance designed to leverage the benefits of Ford’s global reach and expertise and Mahindra’s scale in India and successful operating model. —Jim Farley, Ford executive vice president and president of Global Markets.

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USAMP and A/SP receive $6M from DOE for automotive advanced high-strength steel project

Green Car Congress

USAMP, a collaborative organization of Chrysler Group LLC, Ford Motor Company and General Motors, will work in cooperation with the A/SP on the project to demonstrate the applicability of ICME for the development and deployment of 3GAHSS for passenger vehicle weight reduction. Earlier post.). and General Motors Co. and General Motors Co.

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EV prices nipping at gas-powered vehicle heels with discounts and cheaper options

Baua Electric

Average EV transaction prices vs gas-powered vehicles (Source: Cox Automotive) Other electric SUVs like the Ford Mustang Mach-E ($42,995), Toyota bZ4X ($42,000), and Nissan Ariya ($43,190) start below the average. The online auto platform predicts slow growth ahead for the US auto industry with lower consumer spending.

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