De rebel
Only 5% of next car purchasers expect to buy all electric cars-Road and Track.
- Thread starter quad decade guy
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Babagounj
Strength through joy
Fisker Is Cutting Prices for Its Ocean SUV. The Stock Is Down.
It's the latest electric-vehicle maker to cut prices for its cars. Investors don't like price cuts as it can signal less demand or more competition.
www.marketwatch.com
Fisker (ticker: FSR) announced it was cutting the price of its Ocean Extreme trim to about $61,500 from $69,000. It’s $7,500 off. What’s more, reservation holders who have already agreed to pay the higher price will get a $7,500 credit.
Investors don’t like price cuts. It can signal less demand or more competition. Both are likely true. Tesla (TSLA) has been cutting prices aggressively in 2023 to offset the impact of higher interest rates on buyers. Higher rates equal higher monthly payments for vehicles bought with financing. Tesla’s price cuts have also pressured just about every other EV maker to do the same.
Babagounj
Strength through joy
Recall alert: 34K Ford Mustangs recalled over battery contact overheating problems
The connector on the extended range battery may overheat.
Babagounj
Strength through joy
Toyota battery breakthrough enables range of 745 miles
Toyota has said it 'close' to being able to mass manufacture potentially revolutionary solid-state batteries that could offer double the range of existing electric cars.
- Toyota says its new batteries would offer 745 mile-range and 10-minute charging
- An engineer for the company said it is almost able to mass manufacture them
- Production would initially be limited but its CEO said they could arrive in 2027
Toyota's push comes as EV sales in the US have slumped, and auto experts suggest a combination of their high price and limited range has put American motorists off.
The average electric car sold in the US is approaching 300 miles of range, according to a Bloomberg analysis of EV sales earlier this year. And the median range of 2021 model year gas cars was around 405 miles, according to a report from the US Department of Energy.
BrownFlush
Woke Racist Reigning Ban King
newolddude
Well-Known Member
California sidelines GM Cruise's driverless cars, cites safety risk
California on Tuesday ordered General Motors' Cruise unit to remove its driverless cars from state roads, calling the vehicles a risk to the public and saying the company had "misrepresented" the safety of the technology.
oldngray
nowhere special
New report unmasks true costs of electric vehicle mandates: 'Remain more expensive'
A new report from the Texas Public Policy Foundation determined that electric vehicles, if not for billions of dollars in subsidies, would cost nearly $50,000 more each.
Babagounj
Strength through joy
Auto execs are coming clean: EVs aren't working
From GM to Tesla to Mercedes, execs across the auto industry are tempering expectations on electric vehicles.
www.businessinsider.com
newolddude
Well-Known Member
Babagounj
Strength through joy
General Motors: Sorry Your EV May Have a Defective Battery, Here's $1,400
General Motors is offering $1,400 to owners of the 2020-2022 Chevy Bolt to entice them to install a diagnostic program that will determine if their battery is defective. The move is reportedly part of an anticipated class action settlement related to the battery problems that have plagued GM's...
www.breitbart.com
“GM is announcing a compensation program for 2020-22 Bolt EV/EUV owners upon installation of the final advanced diagnostic software as part of the original battery recall,” a GM spokesperson said on Sunday. “Owners are eligible to receive a $1,400 Visa eReward card upon installation. This applies to Bolt EV/EUV owners in the US only.”
Commercial Inside Release
Well-Known Member
At one time, I looked at the Bolt. Wanted to know if it would blow heat quickly, thaw the windows and save on gas. The incentives, low price, and convenient maintenance were immediately undone, when I saw four of them that Domino's Pizza had recently bought... They were all sitting there for repairs.
BrownFlush
Woke Racist Reigning Ban King
newolddude
Well-Known Member
newolddude
Well-Known Member
Know a guy who takes road trip videos on YouTube. He bought a Bolt. Sang its praises all the time. Then up and sold it less than a year after buying it. Wouldn't say why.
Babagounj
Strength through joy
Opinion | Brace for the Wind and Electric-Vehicle Bailouts
Government is too invested to let these companies go bust, and taxpayers will be charged for the repair job.
www.wsj.com
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