From layoffs at Tesla, Rivian and others to big price cuts on the Ford F-150 Lightning and Mustang Mach-E, Hertz selling off its fleet of electric vehicles, Tesla’s deliveries being down and even Volkswagen delaying the ID7’s U.S. launch, it could be easy to get the impression that the EV industry is dying. As Bloomberg … Read more
The cost of making EVs is decreasing faster than the industry anticipated. EV production will reach cost parity with ICE-equipped cars in as little three years, and the latest forecast from Gartner predicts that EVs will actually be cheaper to make than gas-powered cars by 2027. One would expect prices to go down as EVs … Read more
Good morning! It’s Tuesday, February 6, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Jalopinions | The Best Type is Jaguar’s E-Type 1st Gear: Toyota Boosts Annual Profit Forecast Thanks To Hybrids … Read more
If you’ve never driven a Tesla before, it’s something of an immediately alien experience. The tip-in acceleration isn’t like any gasoline-powered car on the market, because it doesn’t need to ramp up. If you stomp on the throttle in an EV, it goes right when you tell it to go. Quicker acceleration is a major … Read more
The rental car company Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said Thursday. The drop in value is a blow to the company’s efforts to replace gasoline vehicles with cars that do not produce tailpipe emissions. The electric vehicles … Read more
By Peter Valdes-Dapena | CNN Hertz, which has made a big push into electric vehicles in recent years, has decided it’s time to cut back. The company will sell off a third of its electric fleet, totaling roughly 20,000 vehicles, and use the money they bring to purchase more gasoline powered vehicles. Electric vehicles have … Read more
After Hertz’s full-scale EV adoption plan resulted in its fleet of new Tesla Model 3s getting abused by rideshare drivers and renters alike, Hertz is selling off a portion of its fleet for wildly cheap prices. Before you go snatch up these electrified bargains, keep in mind that Hertz is jettisoning these Model 3s due … Read more