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Report: Average New EV Prices Fell Below Tesla's Average for the First Time in Over a Year

The Truth About Cars

That’s changing slowly, as Cox Automotive recently reported that EV prices have fallen below the average Tesla price for the first time since early 2023. While its vehicles aren’t “cheap,” Tesla offers two of the most affordable EVs on sale today. percent in May, six percent higher than the industry average.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto industry appeared first on TESLARATI.

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Twingo is GO! Cheap $33k Renault Twingo EV is back on with help from a mysterious Chinese player

EV Central

Just days after Volkswagen said it would go it alone and produce its cheap €20,000 ($A32,500) EV without any help, Renault has announced that it has already found a new Chinese partner to help it create its low-cost Renault Twingo. Before then, Renault will launch the larger R5 hatch later this year, followed by the R4 SUV in 2025.

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

Baua Electric

Toyota has no current plans to launch a cheap EV despite demand building. Toyota says no small, cheap EV is in the works Although many automakers, including VW, Stellantis, and Kia, have revealed plans to launch low-cost EVs under $30,000 (£25,000), Toyota says not so fast. He suggested automakers are sacrificing range for price.

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

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Simple process for the production of fuel additives from residual forest biomass

Green Car Congress

Researchers at the Université de Sherbrooke, Canada, with colleagues at the Université de Toulouse, France, have developed a process for the direct production of levulinates from cheap residual lignocellulosic biomass using an affordable homogeneous catalyst. A paper on their work is published in Fuel.

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Tesla margins will tighten as price cuts wage EV war: Morgan Stanley

Teslarati

Tesla ( NASDAQ: TSLA ) investors should prepare for tightening margins as price cuts wage a war between electric vehicle makers, Morgan Stanley said in a note. “We believe EV price cuts are not a fad, but a trend,” analysts wrote in a note. Others have avoided the strategy altogether.

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