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Americans Are Open To Cheap Chinese Cars. That’s 'Scary' For The Rest Of The Auto Industry

InsideEVs

Many EV buyers would buy a Chinese car if it was cheap enough, according to a recent survey.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 million units in 2011 and only 13.6 million in 2012. million units in lost vehicle sales this year. Preventing that erosion will be key.

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

Teslarati

Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the auto industry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.

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Small, cheap EVs expected to boost market share by 40% next year in Europe

Electrek

Despite predictions of a major slump in automatic sales around the globe, the European auto industry predicts that this will spark a huge uptick in EV sales in the EU – and that’s thanks to a flood of new, cheap models hitting the market.

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Bezos-Backed Slate Auto Working On a $25,000 Electric Truck

The Truth About Cars

In addition to space travel, Amazon founder Jeff Bezos has his eye on the auto industry. Hes reportedly backing Slate Auto , an EV startup focused on building a compact electric truck for around $25,000. Details are scarce, but Newsweek connected with the company on a short teaser video posted to X.

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2020 Hyundai Sonata Hybrid $249 lease tops June plug-in, hybrid, electric car deals

Green Car Reports

Although the cheap low-interest or no-interest financing deals for new vehicles have mostly gone away, as the auto industry recalibrates supply to a new coronavirus-recovery norm for demand, many of them are still good through June in the green-car sector—leading to some standout deals for electric cars, plug-in hybrids, and hybrid vehicles. (..)

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Report finds US automakers remain profitable under future CAFE standards even with fuel price fluctuation

Green Car Congress

Even with wide-ranging unpredictable gas prices, US automakers will remain profitable and suppliers will benefit under existing national fuel economy standards slated to be in place until 2025, according to a new economic analysis brief prepared by independent automotive industry analysts, commissioned by the nonprofit group Ceres.

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