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Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. However, Mach-E sales were down 20% through the first half of 2023 as Ford retooled its plant in Mexico, where the vehicle is assembled. Ford Mustang Mach-E (Source: Ford) At least one dealer is seeing the results.

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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. And you get all of this starting at an affordable starting price of as little as $38,650. 361 $43,656 SEL RWD 77.4 305 $46,365 Limited RWD 77.4

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BYD overcomes China’s intense EV price war as record car sales lead to Q2 profit surge

Baua Electric

Despite slashing prices and launching more affordable EVs, BYD’s bottom line nearly doubled from the first three months of 2023 (+98%). BYD Seal test drive in Mexico (Source: BYD) Low-cost EVs, overseas expansion fueling growth BYD’s auto (and related) sales accounted for 76% of revenue, generating RMB 228.3 billion) in Q4 2023.

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Canada to slap 100% tariff on Chinese EVs just as BYD preps for market debut

Baua Electric

BYD is already a leading EV brand in Mexico, but entering Canada could shake up the North American auto market. BYD Seal test drive in Mexico (Source: BYD) BYD Canada also met with government officials and inquired about opening retail locations with dealers.

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Ford to assemble electric E-Transit van in Kansas City; building out $3.2B North American EV manufacturing capability

Green Car Congress

The new E-Transit will join the all-electric F-150 announced in September and the all-electric Mustang Mach-E, which begins arriving in dealers’ showrooms next month. Ford also is planning to produce an additional electrified vehicle at its plant in Cuautitlan, Mexico, where the Mustang Mach-E is produced. arrives in mid-2022.

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Automakers meet Oklahoma Governor and state procurement experts to explore RFP for CNG vehicles for state fleets

Green Car Congress

Representatives from automakers are meeting with Oklahoma Governor Mary Fallin and procurement experts to ask questions surrounding a recently issued multi-state request for proposal (RFP) for affordable and functional compressed natural gas (CNG) vehicles for use in state automobile fleets.

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning. As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases.

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