The Truth About Cars

JUNE 26, 2024

Several automakers have promised affordable EVs, but so far, none have truly delivered. The car’s starting price is expected to come in at under $35,000, which would make it one of the most affordable electric models in the U.S., The automaker already has an EV4 prototype and is expected to start production in March 2025.

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The Truth About Cars

JUNE 4, 2024

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

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The Truth About Cars

NOVEMBER 6, 2023

New reports state that Tesla is working toward an affordable EV model and note that it will produce the vehicles at its German location near Berlin. Reports came from that meeting that he made the affordable vehicle announcement while visiting staff. We’re back here again.

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The Truth About Cars

APRIL 5, 2024

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

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The Truth About Cars

MARCH 19, 2024

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. are grappling with wavering EV demand and rising production costs. Tesla also reportedly plans to (finally) get its affordable EV out the door in the next year or so.

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Teslarati

JANUARY 25, 2023

Both Gigafactory Texas and Giga Berlin were able to achieve a production of 3,000 Model Y per week. The company’s 4680 cell production line was also able to produce enough batteries to make 1,000 battery packs. Thanks so much for staying with us for this live blog. 17:03 CT – Next question is about Cybertruck’s production.

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Teslarati

OCTOBER 20, 2021

Giga Shanghai has settled into its role as the company’s export hub, Giga Texas is in the pre-production stage of the Model Y, and Giga Berlin is ready to hit the ground running. It’s tricky to really tell how ramping production will effect margins. Tesla Energy also continues to ramp.

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The Truth About Cars

SEPTEMBER 23, 2024

Despite the “reorganization,” the Fairfax facility will continue running a first shift in January before Cadillac XT4 production pauses. At that point, GM will retool the factory to build the new Chevy Bolt EV and continue XT4 production. Affected employees will be supported according to the provisions of the UAW-GM agreement.

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The Truth About Cars

SEPTEMBER 10, 2024

The company, helmed by Elon Musk, has a plan to stave off the competition over the next few years, which includes introducing lower-cost models, updates to existing products, and a rollout of the long-awaited robotaxi. The automaker is planning an update for the super-popular Model Y, which could follow the changes seen with the new Model 3.

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Green Car Congress

SEPTEMBER 28, 2022

Cross-promoting, authoring, and publishing blogs and articles. The Autonomous Vehicle Computing Consortium (AVCC) is a global nonprofit group of automotive and technology industry leaders coming together to help accelerate mass production of safe and affordable vehicles with assisted driving and autonomous compute technology (SAE levels 1-5).

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The Truth About Cars

APRIL 16, 2024

In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. It's important to note that Kia hasn’t confirmed the EV3 for American buyers, but it’s hard to imagine that an affordable electric model wouldn’t at least cover its costs here, even without federal tax credits.

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The Truth About Cars

MAY 15, 2024

We’ve been hearing about the Chevy Silverado EV for what seems like forever, but the first mainstream models have finally entered production. It promises more affordable variants, though it and other companies have never really hit the target when it comes to pricing.

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The Truth About Cars

MAY 26, 2023

Customers who had thrown down money to reserve a new Ford Mustang have been playing a waiting game in recent months, with the Blue Oval pushing production back in April and again earlier this month. This is no small development since the Mustang is big news for the brand headed into the 2024 model year.

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Teslarati

MAY 28, 2023

In a recent blog entry, ARK Invest wrote about the Tesla Cybertruck’s demand. On April 2, 2023, just as Elon Musk tweeted that he was walking the Cybertruck production line, the number of searches for the Cybertruck on Google exceeded those for the Model Y, as shown below. We’ll make as many as people want and can afford,” Musk added.

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Teslarati

APRIL 30, 2021

While Tesla continued routine and accelerated production of the Model 3 and Model Y, the Model S and Model X took a backseat during Q1 2021. After grinding and pushing through what Elon Musk called “Production Hell,” Tesla solved production and manufacturing shortcomings to effectively build and deliver the Model 3.

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The Truth About Cars

SEPTEMBER 29, 2023

Volkswagen intends to temporarily limit production of the SEAT Cupra Born and its very own ID.3 Vehicle production will be scaled back from October 2nd through the 13th at Volkswagen's Zwickau plant (just in time for Oktoberfest) and from October 2nd to the 16th at the Dresden facility. 4 sales progress steadily as production improves.

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Teslarati

JUNE 1, 2021

Combine this with affordability, and the Model Y is one of the most appealing automobiles on the market today. In April, the Model Y accumulated 16,232 registrations, according to the EV Sales Blog , a website that tracks global electric vehicle sales. Credit: EV Sales Blog. Credit: EV Sales Blog. Credit: EV Sales Blog.

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The Truth About Cars

SEPTEMBER 12, 2024

This potential collaboration could include co-developing electric and hydrogen technologies , sharing resources for battery raw materials, and working on the production of passenger and commercial vehicles. The partnership could also address challenges in sourcing steel and other critical materials.

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The Truth About Cars

OCTOBER 20, 2023

The new Gravity will be unveiled at this year’s LA Auto Show in mid-November and will enter production late next year. Lucid’s vehicles are noteworthy but far from affordable, leaving the company with a bit of a demand problem.

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Teslarati

AUGUST 18, 2022

In one of its blog posts this month, automotive business intelligence firm JATO Dynamics pointed out that Europe is seeing a surge of electric and electrified vehicle sales. The Model 3 sold 39,896 units in 1H22 in Europe, beating more affordable rivals like the Fiat 500. Credit: JATO. Don’t hesitate to contact us with news tips.

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The Truth About Cars

APRIL 10, 2019

Even with affordable electric vehicles cropping up on the global market, their budgetary nature is relative. While the industry promises that EVs will offer the world an affordable, mechanically simple and green alternative to traditional internal combustion models, they’ve yet to deliver.

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Teslarati

JANUARY 27, 2022

LIVE BLOG: Tesla (TSLA) Q4 and Full Year 2021 earnings call summary. “Batteries will probably not be the limiting factor in Cybertruck production. And then, there’s a question of like, what’s the average cost of Cybertruck and to what degree is that affordable?

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Teslarati

MARCH 31, 2021

The EV Sales Blog says the Model 3 was registered 28,014 times in February, beating the Wuling HongGuang Mini EV by just under 8,000 units. Credit: EV Sales Blog. The Model Y captured 13,971 sales in February, becoming a “rising star” in the EV Sales Blog’s eyes. Credit: nickyp3d via Instagram).

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The Truth About Cars

MAY 2, 2024

Tesla had pushed toward developing a new platform for smaller, more affordable vehicles and initially thought it would cast the body in one piece. Reuters sources said the automaker has scrapped plans to further develop its gigacasting efforts, which drastically reduces the complexities involved with manufacturing unibody vehicles.

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The Truth About Cars

SEPTEMBER 19, 2024

While it has struggled with the profitability of its new electric models, Ford is readying a more affordable EV and will launch the small Puma electric crossover in global markets. Globally, however, Chinese automakers are on the rise, so it’s a wise decision to shore up product offerings before things get too far out of hand.

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The Truth About Cars

AUGUST 26, 2024

Earlier this year, Rivian closed the plant for a few weeks to retool and cut production costs and temporarily halted deliveries of its Amazon delivery vans due to a parts shortage, so the fire could not have come at a more inopportune time.

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Plug In India

MARCH 10, 2022

My blog unearthed a lot of the inner workings on that vehicle. Do read my blog , where i talk about the same in greater detail. Also car manufacturers are not launching affordable electric cars. All it takes, is one startup like Strom or OLA electric to launch a small electric hatchback at affordable rates. Stay tuned.

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The Truth About Cars

SEPTEMBER 25, 2024

A company statement cited volatile market conditions and other factors as motivators for the layoff, but the move may also be related to Stellantis’ plans to shift the Sterling Heights plant to focus on the production of the upcoming Ram 1500 REV pickup truck.

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Teslarati

MARCH 8, 2023

How it started vs how it’s going pic.twitter.com/hkqsDa2uLv — Tesla (@Tesla) March 8, 2023 Where Tesla is Going Now, Tesla has the S3XY lineup well underway, plus Semi production. Cybertruck production is expected to start this year as well. But it was always our goal to try to make an affordable electric car.

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The Truth About Cars

APRIL 25, 2023

The affordable car is going away at the end of the year to make way for the production of GM’s new electric trucks, including the Chevy Silverado EV and the GMC Sierra EV.& The change will triple employment at the plant and enable the production of the Ultium-based trucks.&

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The Truth About Cars

AUGUST 23, 2024

We can’t afford to lose these funds because Stellantis is not sticking to its commitments. Its announcement earlier this year stated that it would revise its plans for sites in Italy and Germany “to introduce a new technology for the production of cells and modules, to be in line with the evolution of the market.”

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The Truth About Cars

AUGUST 12, 2024

Though beloved by fans of the brand, many have expressed hesitation to buy at the higher price, saying that they’d wait for a more affordable version down the road. Some in the industry have noted the company’s growing inventory of two- and three-motor trucks, with Tesla forced to stockpile unsold units near production facilities.

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The Truth About Cars

AUGUST 23, 2023

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. The automaker’s factory in Monterrey, Mexico, builds the Rio, and the company is expected to retool the facility for EV production. Though disappointing, the move isn’t a surprise.

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The Truth About Cars

AUGUST 26, 2024

TransUnion’s executive vice president and head of financial services, Jason Laky, said, “Consumers are once again returning to leasing as an attractive and affordable alternative to financing new vehicles.

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The Truth About Cars

AUGUST 26, 2024

Cadillac will release the more expensive trims first, followed later by the Luxury 1 and Sport 1 variants, so it won’t land in its most affordable form. The new Optiq is expected to go on sale later this year, with production beginning in late fall. More affordable variants will likely become available later in 2025.

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Baua Electric

JUNE 17, 2024

It didn’t really push any specific product roadmap, like the first two, and instead focused on doing the math on how we can move the entire world to a sustainable economy through electric vehicles and renewable energy. Use that money to build an affordable car. Use that money to build an even more affordable car.

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The Truth About Cars

MAY 22, 2023

A recent study from KPMG found that most people are interested in buying an EV, but many cite affordability as a hurdle to ownership.& KPMG’s global automotive sector leader, Gary Silber, told Automotive News that “a lot of people are excited about the opportunity, but I don’t know how many people can afford it.”

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