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Tesla wins Kelley Blue Book’s 2023 5-year Cost to Own Award for premium EVs

Teslarati

Consumers are well aware that vehicle ownership involves not only the purchase price of cars but also the vehicle’s total cost of ownership. With this in mind, Kelley Blue Book (KBB) named its 2023 model-year brand and category winners of its 5-Year Cost to Own Awards. Don’t hesitate to contact us with news tips.

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Fisker opens reservations for Ocean SUV; cost starts as low as $379/month

Green Car Congress

opened reservations for the Ocean electric luxury SUV, arriving in 2022, through its website and native mobile app—available globally on the App Store and Google Play store. The all-electric SUV will come standard with a range target of approximately 250 to 300 miles, depending on driving conditions, enabled by an approx.

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Mahindra & Mahindra’s double play: Sustaining ICE, accelerating EVs | Autocar Professional

Baua Electric

Of the Rs 27,000 crore plus that M&M plans to invest in its automotive business in the next three years, Rs 14,000 crore will be kept for the ICE vertical – primarily for bringing out new and refreshed SUV models. Out of the nine SUVs, six will be all-new products and three will be mid-cycle enhancements.

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April 2023 – Plug-in car market share continues to grow in Norway

Push EVs

Although sharing most of the same underpinnings, the Lexus is slightly bigger, heavier, and a bit more powerful than the BZ4X, with more luxury (and price), at the cost of slightly lower range. In my view, the remaining few percent will still depend on new BEVs in the affordable sub-compact class (BYD Seagull anyone?),

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Why Hybrids are gaining momentum amid EV frenzy | Autocar Professional

Baua Electric

The hybrid vehicles — dual powered by a petrol engine and an electric motor — are gathering strong traction amongst SUV buyers versus all electric battery-operated passenger vehicles. There is a significant waiting period of over 8-12 months for hybrids for some models like Invicto and HyCross and the booking momentum continues.

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82% of BEVs & PHEVs Available in the US in 2022 Have a Base MSRP of $40,000+

EV Adoption

Not all dealers add these markups, but many do and they can range from just a few hundred dollars up to $50,000 or more (which I personally saw on a Mercedes-Benz EQS SUV recently). Add all of these additional costs up and buyers can easily pay $10,000-$15,000 more for an EV than the base MSRP. 4 ($3,735).

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Tesla holds lowest vehicle price increase rate as new car prices hit all-time high

Teslarati

Tesla has the lowest vehicle price increase rate from September 2020 to September 2021 of all major automotive manufacturers, a study from Kelley Blue Book shows. The average price of a new car has hit an all-time high in the United States with the average cost increasing by 3.7% Credit: Kelley Blue Book.

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