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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

Ford hasn’t had the best luck with profitability on its electric vehicle business, but the automaker is not shying away from aiming at the cheaper end of the EV spectrum. The automaker’s hybrid models are quite popular, however, driven to a large degree by its expansive fleet business.

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Finally: Hyundai Is Gearing Up to Release An Affordable EV, But Only In Europe to Start

The Truth About Cars

Hyundai believes it has cracked the code of the affordable EV. The South Korean automaker recently announced that it would sell the new Inster subcompact electric SUV with a starting price of under $27,000. Hyundai is pursuing cheaper EVs to compete with the rising tide of compelling, affordable models from China.

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Report: Ford's EV Skunkworks Team to Create Three Affordable Electric Models

The Truth About Cars

A few weeks ago, Ford announced that it had created an internal skunkworks team to focus on affordable EVs and a new platform to underpin them. However, the threat of China flooding the market with cheap electric models is too frightening to ignore. All automakers in the U.S.

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Tesla Model Y leads Europe’s D-SUV segment in 1H22

Teslarati

The Model Y certainly seems to be having a lot of momentum, with the vehicle recently topping Europe’s D-SUV segment in the first half of 2022. Europe’s D-SUV segment is competitive, with established players like the BMW X3 and the Mercedes-Benz GLC being mainstays. Credit: JATO. It’s not just the Model Y, either. Credit: JATO.

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LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

16:50 CT – With the meeting concluded, we’d like to thank you once more for staying with us for this live blog. Elon Musk notes that Tesla will roll out Plaid Mode for its flagship SUV. Musk reiterated that Optimus will use the same FSD system as the company’s electric vehicles. Until the next time!

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Volvo Unveils Compact EX30 All-Electric SUV

The Truth About Cars

Despite all-electric vehicles being heralded as environmentally sound solutions that would kick down the door to affordable mobility, there haven’t been a lot of good examples hitting the market recently. Meanwhile, Volvo has introduced the EX30 — a pint-sized EV that’s to serve as the foundation of its all-electric transformation.

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Ford is Offering a Zero-Percent Interest Rate for Mach-E Loans

The Truth About Cars

Ford cut Mustang Mach-E pricing earlier this year, achieving its intended result of boosting demand for the electric SUV. Now, the automaker is offering a zero-percent APR for qualified customers, making the vehicle even more affordable. That said, Ford’s EV business hasn’t done it many favors in recent times.

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