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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

CEO Jim Farley recently confirmed that the company would purse sub-$30,000 electric models with its next-generation product line, and said that its existing models would become better in the meantime. CEO optimism is nothing new, as it’s often the only thing propping up companies’ stock prices.

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Tesla just made leasing a Model 3 or Y more affordable than ever

Teslarati

Tesla just made leasing a Model 3 or Model Y more affordable than ever, offering rates as low as $329 a month for an all-electric vehicle. However, the company just slashed leasing prices for the Model 3 and Model Y , its two most popular vehicles, making it as affordable as ever to lease one of the cars with a 36-month term.

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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. Hyundai, Kia top Ford, GM in EV sales with affordability After the IONIQ 5 was the sixth best-selling EV in the US last year with nearly 34,000 units sold, Hyundai (and Kia) are starting the year strong in the US. 361 $43,656 SEL RWD 77.4

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Tesla Gigacasting to make BEV production cheaper than gas by 2027

Teslarati

Battery-electric vehicles (BEVs) could become cheaper to produce than gas cars within the next few years, in part due to Tesla Gigacasting techniques, as one research firm suggests. “It is simply entering a new phase where companies with the best products and services will win over the remaining.” million units in 2025.

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Ford plans affordable small electric pickup and SUV, starting around $25,000

Baua Electric

Amid a flood of new competition, Ford is shifting plans to build more affordable electric vehicles. As the CEO of a company that had trouble competing with the Japanese and the South Koreans, we have to fix this problem,” Farley said. However, due to the pivot, plans for its three-row electric SUV have been put on the back burner.

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Chevron partners with Clean Energy On Adopt-A-Port initiative to supply renewable natural gas for port trucks

Green Car Congress

Chevron is partnering with California natural gas retailer Clean Energy Fuels Corp. on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with cleaner, carbon-negative renewable natural gas (RNG) to reduce emissions.

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Rivian Offers Deep Discounts on R1T Leases

The Truth About Cars

Rivian’s vehicles might be popular and offer cool features, but they’re far from affordable. The R1T’s lease prices go as low as $559, making it less expensive monthly than some full-size gas models. It’s worth noting that the company does not offer leases in all states, including here in Maine.