article thumbnail

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.

article thumbnail

Kia has the ‘secret sauce’ for affordable EVs in the US

Electrek

Cheaper electric vehicles are on the way, and Kia believes it has an advantage. With its own “secret sauce,” Kia is moving to launch a series of affordable EVs in the US.

Kia 119
article thumbnail

GM and Honda announce plan to ‘codevelop series of affordable electric vehicles’

Electrek

GM and Honda, which are already working together on two EVs coming to the US in 2024, announced a plan to “codevelop a series of affordable electric vehicles” to come to market by 2027. The post GM and Honda announce plan to ‘codevelop series of affordable electric vehicles’ appeared first on Electrek.

article thumbnail

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

Electrek

Amid a flood of new competition, Ford is shifting plans to build more affordable electric vehicles. Ford is developing a new low-cost EV platform to power a small electric pickup and SUV, with starting prices around $25,000.

article thumbnail

Nissan LEAF and Ariya top most affordable EVs in Q1 as Hyundai, Tesla, Toyota close in

Electrek

Electric vehicle prices have come down significantly, with the top five most affordable EVs in Q1 all selling for under $41,000. Two Nissan EVs topped the list, while Hyundai, Tesla, and Toyota electric models rounded out the top five.

article thumbnail

Kia will beat Rivian and Tesla into affordable mass-market EVs

Electrek

Although Rivian and Tesla are making headlines with planned expansions into mass-market electric vehicles, Kia is set to launch two affordable EVs of its own. One of them, the Kia EV3, is expected to launch by the end of the year.

Kia 143
article thumbnail

Tesla’s Elon Musk gives subtle nod to more affordable FSD monthly subscriptions

Teslarati

Tesla CEO Elon Musk appears to have given a subtle nod to the idea of more affordable Full Self-Driving (FSD) monthly subscriptions. Do it @elonmusk pic.twitter.com/5r1vJAaTXZ — Sawyer Merritt (@SawyerMerritt) April 12, 2024 Tesla launched FSD subscriptions in July 2021 after much anticipation from the electric vehicle community.