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Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. In February, sales of the electric SUV surged 64% year over year. billion last year.

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Ford delays electric three-row SUV with new EV pickup arriving in 2026

Baua Electric

Ford electric Explorer SUV (Source: Ford) After EV sales picked up in the first quarter, Ford is scaling back as it delays plans to launch its new three-row electric SUV. Mustang Mach-E sales climbed 77% YOY, reaching 9,589, making it the second-best-selling electric SUV behind Tesla’s Model Y.

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BYD takes 20% of Japan’s EV imports in January after launching just last year

Baua Electric

BYD officially entered Japan’s auto market last January, launching its affordable Atto 3 (Yuan Plus in China) electric SUV. In September, BYD launched another low-cost EV , its Dolphin electric hatch. An extended range version (150 kWh battery) offers up to 295 miles (476 km) range, starting at ¥4 million ($27,000).

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Volvo EX30 to become a best-seller as the first models reach EU buyers

Baua Electric

In June, Volvo unveiled its smallest and cheapest SUV, the EX30 ( see our revie w ). The Swedish automaker calls the electric SUV a “cornerstone” of its EV plans. Starting at $34,950 (36,000 euros), it will be one of the most affordable electric cars on the market. Demand for affordable electric cars continues building.

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Volvo EX30 boosts EV sales share in February to reach a new record at 22%

Baua Electric

Volvo sold 5,863 EX30 models through the first two months of 2024 as demand for affordable EVs heats up. Volvo says its low-cost EV will hit new markets in the coming weeks. It will be available in a single-motor extended range and twin-motor performance version. 0 to 60 mph sprint.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

General Motors Chevy Volt series PHEV, which it calls "extended range electric vehicle" (EREV), part of "E-Flex" multi-fuel platform. Furia explained, "The SUVs that we just completed that were outfitted with the XHT drive train could have been any SUV made by anyone. Plans Cadillac Converj, Opel Ampera, other versions.

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