Polestar (PSNY) shares are falling Monday after car rental giant Hertz (HTZ) announced plans to delay buying its EVs this year.
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Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising. For questions or comments, you can email him at Peter@electrek.co. You can also follow him on Twitter @EVPeteJohnson.
Range Rover’s first EV sparks strong interest, with over 16,000 buyers waiting
As Range Rover’s first EV gets closer to launch, the all-electric vehicle is already creating a buzz. According to the company, the new electric Range Rover has over 16,000 buyers on the waitlist.
Expand Expanding ClosePorsche’s upgraded Taycan EV boasts longer range and faster charging
In initial tests, the new Porsche Taycan showed impressive driving range of up to 365 miles (587 km). Although these were pre-series models, the upgraded EV drove over 100 miles more than the current model.
Expand Expanding CloseHonda admits it needs affordable EVs with plans for an electric Civic successor
For Honda to compete as the industry shifts to electric, CEO Toshihiro Mibe explained, “We need more affordable EVs.” Honda is set to expand its lineup with an electric replacement for its all-time best-selling Civic.
Expand Expanding CloseFord’s EV sales slip in January as Mustang Mach-E deliveries fall 50%
Ford’s EV sales fell 11% in January amid slower-than-expected demand. The Mustang Mach-E led the downfall, with sales slipping 50% year-over-year.
Expand Expanding CloseHyundai is launching an electric van as its first export model based on its new EV platform
Hyundai announced a new deal with Iveco Group to supply an all-electric van based on its global eLCV platform. The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform.
Expand Expanding CloseMeet the all-electric MWM Spartan 2.0 that looks just like a G Wagon but is half the cost
The new all-electric MWM Spartan EV 2.0 looks just like the Mercedes-Benz G Wagon, but it’s less than half the cost. Czech startup MW Motors launched the EV off-roader as the UK’s first electric 4×4.
Expand Expanding CloseBYD EV sales grew nearly 50% in January as exports reached a new high
After topping Tesla in the final three months of 2023, BYD is starting the year off strong with EV sales rising another 50% in January.
Expand Expanding CloseHyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market
Hyundai is set to launch a new EV brand as it looks to gain its share of the largest market globally. The automaker is betting on custom EVs to revamp sales in the region.
Expand Expanding CloseLucid (LCID) is converting its sleek electric sedan into a new line of police vehicles
Lucid (LCID) is launching a new line of police vehicles based on its luxury Air electric sedan. The EV startup is set to unveil the new EVs at the World Defense Show next week in Saudi Arabia.
Expand Expanding CloseKia EV9 sales are heating up in the US
Kia’s new three-row electric SUV is gaining momentum in the US. Over 1,400 Kia EV9 models were handed over in January, topping the EV6 in US sales.
Expand Expanding CloseEV shopping beats buying an ICE vehicle, according to buyers
Electric vehicle buyers reported the highest satisfaction with the process last year. With 80% of new EV buyers saying they were “highly satisfied” with the process, buying an EV was reportedly much easier than an ICE vehicle.
Expand Expanding ClosePolestar 4 goes on sale in Europe and Australia with up to 379 miles WLTP range
The Polestar 4 officially hit two key markets Wednesday. Polestar launched its new SUV Coupe in Europe and Australia with up to 379 miles (610 km) WLTP range.
Expand Expanding CloseVolkswagen’s new electric Golf is in the works – What that means for the ID.3
Development of Volkswagen’s new fully electric Golf is underway, but what does that mean for the ID.3? VW’s chief tech officer, Kai Grunitz, says there could be some overlap between the two EVs.
Expand Expanding CloseGenesis EV sales are soaring, nearly quadrupling in the US last year
Hyundai’s luxury brand, Genesis, sold more EVs in the US last year than Lexus and Lucid. Genesis’ EV sales nearly quadrupled in the US in 2023 as the luxury brand expands its presence.
Expand Expanding CloseKia surprisingly tops Hyundai in market value with affordable EVs rolling out
For the first time since 2001, Kia surpassed Hyundai in market value with new affordable EVs rolling out this year. Kia is now South Korea’s fifth most-valued stock at $31 billion (41.3 trillion won).
Expand Expanding ClosePolestar 3 is already on sale with a massive $7,500 purchase incentive for leases
Polestar’s first electric SUV, the Polestar 3, is expected to begin rolling out in the US in the next few months. Ahead of its debut, Polestar is already offering a massive $7,500 purchase incentive on a lease of the new electric SUV.
Expand Expanding CloseNissan wants to lower EV prices with cheaper LFP batteries to rival BYD
Nissan plans to produce lithium iron phosphate (LFP) batteries as it looks to lower EV prices. With cheaper materials, the batteries are about 20% to 30% cheaper to build than lithium-ion batteries with NCM. The move will put it in direct competition with BYD, the leading LFP battery maker.
Expand Expanding CloseJeep previews first look at the all-electric Wagoneer S interior
We are finally getting our first looks at the interior of the upcoming Jeep Wagoneer S. Jeep’s first all-electric vehicle in the US is arriving this Fall. Ahead of its debut, Jeep is giving a sneak peek of the electric SUV’s interior.
Expand Expanding CloseIs this our first look at Rivian’s (RIVN) upcoming R2 EV?
As anticipation builds for Rivian’s (RIVN) next-gen electric vehicle, a new patent filing may give us a glimpse into what we can expect. The patent is for a vehicle headlamp, but the images show what could be our first look at the new Rivian R2 EV.
Expand Expanding CloseToyota sold over 100,000 EVs last year, but that’s still less than 1% of its total sales
Although Toyota held its title as the top-selling automaker, the industry is shifting beneath it. Toyota sold over 100,000 EVs in 2023, but that’s still less than 1% of the record 11.2 million vehicles handed over last year.
Expand Expanding CloseQuick EV acceleration is a safety feature, says Stellantis CEO
Quick acceleration is often used as a selling point for high-performance cars, but can it actually be safer? The instant acceleration of an EV not only offers a more nimble driving experience but it should be a safety feature argues Stellantis CEO Carlos Tavares.
Expand Expanding CloseBYD expects at least $4 billion in net income from surging EV sales
After a record EV sales year, BYD expects to rake in at least $4 billion in net income. BYD forecasts its profits rising at least 75% last year.
Expand Expanding CloseBYD is launching its new Seal U on Volkswagen’s home turf to rival the ID.4
A new Seal is slated to enter the EV race in Europe. BYD is launching its Seal U, an electric SUV version of the Seal sedan, to take on Volkswagen’s ID.4.
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