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Rough road for EV industry

Green Car Congress

Even Tesla, despite its substantial efforts to hold the line on affordability, has suffered from the effects of war, supply chain disruptions and the rising costs of raw materials. While they’re still dealing with the microchip shortage, automakers are scanning the horizon for the next weak link that will impact auto pricing.

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Lincoln puts EVs on the back burner amid Ford’s shift to more affordable EV models

Baua Electric

After Ford announced a surprising shift to more affordable EVs, its luxury Lincoln brand is putting electric on the back burner. Lincoln backtracks on EVs as Ford shifts to affordable In an interview (via Detroit News ), Lincoln President Dianne Craig said that the company is “listening to what customers really need.”

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India share of BMW Motorrad’s record sales in 2023 grows to over 4% | Autocar Professional

Baua Electric

BMW Group India, which registered its best-ever calendar year-to-date sales in CY2023 , continues to see its two-wheeler arm – BMW Motorrad India – maintain the strong momentum it has delivered since the past few years. With a record 8,768 two-wheelers sold in CY2023, YoY growth for BMW Motorrad India was 20.40% (CY2022: 7,282 units).

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A cheap Toyota EV? Not right now, the company says

Baua Electric

Toyota could miss an opportunity with a brand name built on smaller, more affordable cars. Other rivals, like Hyundai, BMW, Mercedes, and Volvo, are already hitting double-digit EV sales. FTC: We use income earning auto affiliate links. Not right now, the company says appeared first on Bauaelectric Auto News.

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Mercedes electric G-wagen review, Chinese EV tariffs, BMW and Honda EV targets: The Week in Reverse

Baua Electric

BMW Vision Neue Klasse X concept BMW is sticking to the EV targets it announced several years ago— 50% fully electric sales by 2030 , not including hybrids or plug-in hybrids. That said, BMW CEO Oliver Zipse wouldn’t set an end date for internal combustion, emphasizing that the company “will stay flexible—even well into the 2030s.”

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Tesla and local EV makers are leaving veteran auto in China’s electric car segment

Teslarati

This is partly the reason why Tesla and local EV makers such as BYD are finding success in China’s electric car segment, even as veteran automakers like BMW and Volkswagen see challenges in their efforts to saturate the domestic EV market. . “Legacy automakers have barely any competitiveness in their electrified products.

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Rivian (RIVN) R1S cracks top 5 best-selling EVs in Q4 just as EV leasing heats up

Baua Electric

According to data from auto research firm Kelley Blue Book , Rivian handed over nearly 24,800 R1S models in 2023. New incentive and rebate programs, combined with more affordable options hitting the market, have resulted in a broader range of consumers choosing EV,” Melinda Zabritski, Experian’s head of auto financial insights, explained.

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