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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. Stephanie Valdez-Streaty , director of Industry Insights at Cox Automotive, said: “EV sales continue to grow in the U.S., Better choices and more options are helping push prices lower and drive higher sales.”

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It’s a buyers’ market! Tesla Model 3 and Tesla Model Y dominate  rapidly growing used EV sales in Australia

EV Central

While demand growth for EVs outstrips traditional petrol and diesel vehicles, buyers still have the upper hand in an Australian used electric vehicle market dominated by Tesla. That’s the findings from the Automotive Insights Report analysing March 2024 used car sales compiled by AutoGrab and the Australian Automotive Dealer Association.

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Volkswagen sues car dealer for importing ID.6 EV to Germany

Teslarati

6 EV for sale to customers in Germany. 6 EV is produced in China by the FAW-VW joint venture and is meant to be sold exclusively in the Chinese car market. 6 costs significantly less than electric vehicles in the European EV market—even after import costs, it seems. 6 electric vehicle (EV) into Germany. Brudny bought 22 ID.6

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GlobalData: Maruti Suzuki expects lower EV penetration in India by 2030 compared to government’s target

Green Car Congress

Maruti Suzuki India (MSI) has announced that its electric vehicle (EV) will be available in India for sale by 2025. Spotting of multiple Maruti Suzuki test EVs sparked speculation about an India launch but the recent inputs from the new CEO suggests that the company believes that the market is isn’t yet ready for EV commercialization.

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EV Resurgence: Is 2024 the Turning Point for Electric Cars?

The Truth About Cars

Photo credit: Suwin66 / Shutterstock.com The electric vehicle (EV) market is experiencing a significant growth in 2024 , with expectations for sales of passenger EVs to climb by 21 percent in 2024, reaching 16.7 This trend reflects a steady rise in the EV sector, despite various external factors and policy changes affecting the market.

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Volkswagen ID.2 to rival Tesla’s expected $25,000 vehicle

Teslarati

Volkswagen is preparing to enter the same segment as Tesla’s upcoming affordable car with the ID.2 Sales of the all-electric Volkswagen ID.2 JATO—a company that analyzes the European car market and global trends—shared data that revealed the VW Golf’s declining sales trend. 2 electric vehicle. The VW ID.2

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Hyundai Motor to enter hybrid vehicle segment in India in 3 years | Autocar Professional

Baua Electric

Chung had addressed a town hall earlier in April offering a long-term strategy for the Indian market. Jose Munoz, the Global COO of Hyundai who also oversees the North American market, has told global media that the company will have to extend hybrid programmes as they are well accepted by customers.

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