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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

Ford hasn’t had the best luck with profitability on its electric vehicle business, but the automaker is not shying away from aiming at the cheaper end of the EV spectrum. At the same time, it’s unclear how Ford plans to reach profitability with cheaper vehicles, as it’s slowed investments in new factories and other related areas.

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Forth and Mobility Development partner to launch national EV carsharing program; affordable model for underserved communities

Green Car Congress

Forth and Mobility Development Group are creating a national partnership to launch the Affordable Mobility Platform (AMP), which will establish electric vehicle (EV) carsharing based at affordable housing sites in at least five states over the next two years. —Creighton Randall, CEO of Mobility Development.

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Tesla China promotes Model 3/Y’s affordability with new incentive program

Teslarati

The incentives seem to be part of the electric vehicle maker’s efforts to boost its vehicle sales in the country. Tesla China leaned into its vehiclesaffordability in its post on Weibo. The gas money can be spent on the monthly payment,” Tesla China wrote in its post. Change the car into a Tesla.

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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

Globally, vehicle owners and those considering purchasing BEV agree the top benefits of going electric are improving the environment, adding convenience and reducing ownership costs. The Ipsos Study uncovered the top five issues: driving range, affordability, access to charging stations, overall ownership cost and battery life.

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Are Electric Cars Really Cheaper To Own And Drive Than Gas Cars?

CleanTechnica EVs

Electric vehicles have grown more affordable throughout 2023, and many have found them even cheaper than driving gas cars over their lifespan. From reduced lifetime maintenance costs and savings on charging, can EVs really be cheaper than owning and driving gas cars?

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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. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. And that’s including gas-powered cars. 361 $43,656 SEL RWD 77.4

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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.