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KBB: Average new vehicle transaction price in US in December up 1.9% from November; EV ATP dropped 5.5% due to Tesla

Green Car Congress

The average new EV sold for $61,448, according to Kelley Blue Book estimates, still well above the industry average. —Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive. Plus, with the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles.

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Tata Motors’ shares tumble on demand, JLR growth concerns | Autocar Professional

Baua Electric

The share price sank amid concerns about the demand in the domestic market and growth in Jaguar Land Rover margins. On the passenger vehicle front, the company expects the industry growth to moderate to less than 5 percent on a high base and high inventory level. Tata Motors’ shares fell as much as 9.5

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Tata Motors posts record revenue and profit for FY24 | Autocar Professional

Baua Electric

Amid robust operating performance across segments, particularly in the Jaguar Land Rover unit, Tata Motors reported its highest-ever revenue and profit numbers for the full financial year 2024. lakh crore investment in Jaguar Land Rover this decade as the luxury brand transitions its portfolio into electric.

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Kia EV9 sales are heating up in the US

Baua Electric

2024 Kia EV9 GT Line (Source: Kia) Kia calls the EV9’s $54,900 (not including destination) starting price an industry “wake-up call.” The EV9 features “true SUV capabilities,” according to Kia, with seating for up to seven, more cargo room than the Range Rover P400 3-Row, 7.9″ The EV9 is slightly bigger than Kia’s Telluride at 197.2″

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Hyundai IONIQ 7 will go by IONIQ 9 as the brand’s first three-row electric SUV

Baua Electric

That’s more than the Cadillac Escalade, 3-row Land Rover Range Rover P400, and Mercedes EQS. Kia EV9 interior (Source: Kia) Starting at $54,900, Kia calls the EV9 a “wake-up call for the industry.” billion Metaplant to qualify for the $7,500 federal tax credit. of rear legroom. Can Hyundai match its success so far?

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Saft to Raise Approximately 120M to Fund Li-ion Plants in US

Green Car Congress

In addition to the DOE grants, this investment has been selected to benefit from additional subsidies and tax credits from both the City of Jacksonville and the State of Florida totalling up to $20.8 In addition, this investment has been selected to benefit from subsidies and tax grants from the State of Michigan of up to $148.5

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Can the UK lead the green car charge? The Green Piece

Green Cars News

Having already adjusted its road tax system to penalise the heaviest polluters and introduced congestion charges; the Government created a vehicle scrappage scheme earlier this year meant to help more motorists make green choices while boosting the automotive sector. Now it seems that its efforts have been rewarded. The argument for the UK….