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Bezos-Backed Slate Auto Working On a $25,000 Electric Truck

The Truth About Cars

In addition to space travel, Amazon founder Jeff Bezos has his eye on the auto industry. Hes reportedly backing Slate Auto , an EV startup focused on building a compact electric truck for around $25,000. Details are scarce, but Newsweek connected with the company on a short teaser video posted to X.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. auto sector,” the organization writes. auto sector,” the organization writes. auto industry appeared first on TESLARATI.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

In sync with its past annual auto studies, AlixPartners continues to predict that US auto sales will climb more slowly, and to a lower peak, than many others are predicting. Specifically, the firm estimates US auto sales will reach just 12.7 billion in 2010 profit on a net margin of 4.6% billion on a net margin of 4.3%—things

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Americans Are Open To Cheap Chinese Cars. That’s 'Scary' For The Rest Of The Auto Industry

InsideEVs

Many EV buyers would buy a Chinese car if it was cheap enough, according to a recent survey.

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Small, cheap EVs expected to boost market share by 40% next year in Europe

Electrek

Despite predictions of a major slump in automatic sales around the globe, the European auto industry predicts that this will spark a huge uptick in EV sales in the EU – and that’s thanks to a flood of new, cheap models hitting the market.

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2020 Hyundai Sonata Hybrid $249 lease tops June plug-in, hybrid, electric car deals

Green Car Reports

Although the cheap low-interest or no-interest financing deals for new vehicles have mostly gone away, as the auto industry recalibrates supply to a new coronavirus-recovery norm for demand, many of them are still good through June in the green-car sector—leading to some standout deals for electric cars, plug-in hybrids, and hybrid vehicles. (..)

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Report finds US automakers remain profitable under future CAFE standards even with fuel price fluctuation

Green Car Congress

In all of our fuel price scenarios (from Very Low to High), the auto industry would be profitable if current standards stay in place. When gas is very cheap, people tend to buy bigger, more profitable trucks. —co-author and independent auto industry analyst Dan Luria. With gas at $1.80

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