DETROIT - Falling electric vehicle (EV) prices are leaving a growing number of drivers in negative equity, a top dealership chain has warned. Vertu Motors said on Wednesday that car retailers were coming under pressure as EVs coming off financing agreements were found to be worth less than the loan they are attached to. In most
NEW YORK–BMW, Ford and Honda have begun operations of the new joint venture that they announced last year and have appointed the first CEO and CTO. ChargeScape is a software platform that integrates electric vehicles into the power grid, shoring up grid stability while saving drivers money on their charging. The announcement underscores that automakers
Toyota is thinking about how we'll power our cars in the future. Fossil fuel, electric, hybrid and now hydrogen fuel cell electric vehicles (FCEVs) are some possible ways to go. Toyota has unveiled its portable hydrogen cartridges that could provide swappable power for future FCEVs at the Japan Mobility Show Bizweek 2024. Essentially, these large hydrogen cartridges
DETROIT - The specter of Chinese automakers flooding the U.S. market with less expensive but increasingly impressive electric vehicles might be responsible for more than a few sleepless nights among U.S. auto executives. For some industry watchers that wouldn’t be such a bad thing if it helps those executives send a clearer message about the
DETROIT - Making electric cars cheaper to buy and own is key to driving the industry’s growth. Because most Americans aren’t going to ditch their familiar gas-powered cars out of the goodness of their hearts or a soft spot for the climate. For that to happen, batteries need to get cheaper. Some good news on
DETROIT - General Motors may be about to become a leader in the growing market for electric vehicles. This looked unlikely even six months ago, when production problems and sales delays haunted the automaker’s rollout of its much-hyped EVs. The tables are turning, thanks to a combination of consistent management, strategic thinking and delays and
DETROIT - Overall U.S. auto sales are expected to weaken in the third quarter, according to industry experts. But electric vehicles are emerging as a bright spot for several automakers, and General Motors in particular is now staging a gradual yet strong comeback with a steady rise in its EV sales. So far in 2024, the EV sales story
DETROIT - General Motors said that starting Wednesday, owners of its electric vehicles can purchase a North American Charging Standard DC adapter that will allow them to charge their EVs at more than 17,800 Tesla Superchargers. The adapter can be purchased through GM vehicle brand mobile apps for $225 and customers will be able to use
GERMANY - Hydrogen is trendy and the automotive world is about to be turned upside down. The company responsible for stirring it up is none other than BMW and its confirmation that they will create an electric vehicle with a fuel cell by 2028. The materialization of this project strengthens BMW’s current alliance with Toyota, which is
Used Tesla Model 3 affordable price trends in 2024 are reshaping the electric vehicle market. As the cost of pre-owned Model 3s continues to drop, more buyers are finding these cutting-edge EVs within reach. This change is predicated on a bunch of factors, including increased supply, evolving consumer preferences, and the release of newer Tesla
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