General Motors CEO Mary Barra said in a conference Friday that EVs selling for less than $40,000 can't be profitable just yet. It's an unexpected statement from the head of an automaker that's been fairly optimistic about affordable EVs. As reported by Reuters, Barra told conference attendees that EV battery costs are still too high to build... Sub-$40,000 EVs can’t yet be profitable, says GM CEO
General Motors CEO Mary Barra said in a conference Friday that EVs selling for less than $40,000 can't be profitable just yet. It's an unexpected statement from the head of an automaker that's been fairly optimistic about affordable EVs. As reported by Reuters, Barra told conference attendees that EV battery costs are still too high to build... 
Lexus on Monday revealed a hybrid subcompact crossover for the European and Japanese markets—one that's being marketed with the same controversial "self-charging" language that the Toyota luxury brand has used for hybrids in the past. The 2024 Lexus LBX is the brand's smallest model yet. At 165 inches long, it's a foot shorter than the Lexus... 
Colorado has revamped its EV tax credit, with a new approach that incentivizes cheaper EVs. HB 1272, which was passed by the Colorado legislature and signed by governor Jared Polis in May, re-ups a tax credit for light-duty electric vehicles that was originally $5,000. As originally enacted, it dropped to $4,000 in 2020, $3,500 in 2021, and $2,000... 
The 2024 Alfa Romeo Tonale plug-in hybrid achieves an EPA-rated 33 miles of electric range with an efficiency rating of 77 MPGe combined, as well as 29 mpg combined fuel economy, the automaker announced Wednesday. While Alfa Romeo is traditionally a performance brand, it claims the Tonale plug-in hybrid is "the most efficient plug-in hybrid C-SUV... 
General Motors and Stellantis paid a combined $363 million in penalties for failing to meet U.S. Corporate Average Fuel Economy (CAFE) requirements for recent model years, Reuters reported Friday. The record amount includes $235.5 million paid by Stellantis for 2018 and 2019 model-year fuel economy shortfalls and $128.2 million for GM covering... 
Fisker on Thursday confirmed a 360-mile EPA-rated range for its Ocean electric SUV, and said it plans to start U.S. deliveries the week of June 19. The range figure is better than the 350 miles that Fisker estimated at the introduction of the Ocean, in November 2021. It applies to the Ocean Extreme model, which uses a 113-kwh battery pack, with... 
EVs may not achieve cost parity with gasoline cars until after 2030, Ford CEO Jim Farley said Wednesday. Speaking at an investor conference, Farley said that, for most automakers, EVs will remain more expensive to manufacture than internal-combustion cars until the end of the decade, reports Reuters, adding that this counters analysts' prediction... 
Battery fire concerns have prompted a recall of nearly 6,400 Jaguar I-Pace electric SUVs from throughout the model's production run. Jaguar on Wednesday said the battery energy control module software will be updated, and battery modules will be replaced if necessary, in 6,367 vehicles from model years 2019 to 2024 free of charge, according to... 
The U.S. and Canada on Tuesday announced plans for a joint EV charging corridor connecting the two countries. Christened the Binational EV Corridor, the project aims to place EV fast chargers approximately every 50 miles between Kalamazoo, Michigan, and Quebec, City, Quebec, Canada, according to a U.S. Department of Transportation press release. A... 
A new study from the American Chemical Society provides a reminder that tailpipes aren't the only source of harmful vehicle emissions. The study suggests that wiper fluid could be a significant source of emissions, one that will become a bigger part of the vehicle fleet's overall carbon footprint as EV adoption increases. That's because wiper...