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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 to launch an affordable electric Civic replacement The company revealed two new EV concepts as part of its new “0 series” electric brand at CES earlier this month. FTC: We use income earning auto affiliate links.

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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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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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Battery cost makes affordable Toyota EV unlikely, exec says

Baua Electric

Some automakers are launching small, affordable EVs for the European market, but Toyota currently has no plans to follow them, Andrea Carlucci, the automaker’s European development boss, said. It told Green Car Reports in 2021 that it aimed to make affordability, not range , the focus of its EV plans. But it’s only U.S.-market

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. BYD last year sold 1.57

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Lucid Drops The Gravity At The Los Angeles Auto Show

CleanTechnica EVs

Lucid Motors made a splash with the Air and has fleshed out its line with more affordable offerings since its. continued] The post Lucid Drops The Gravity At The Los Angeles Auto Show appeared first on CleanTechnica.

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Ford promises more affordable EVs as it loses money on them

Baua Electric

Farley has also said cost parity with internal-combustion vehicles might not happen until 2030 , although plans for an LFP battery plant in Michigan that Ford sees as key for EV affordability might accelerate that. The post Ford promises more affordable EVs as it loses money on them appeared first on Bauaelectric Auto News.