Sony-Honda EV takes form with new prototype, Afeela brand

Afeela electric sedan prototypeThe Sony and Honda's EV joint venture came into greater focus this week at CES, where the two companies unveiled a new prototype and confirmed Afeela as the brand name for the venture. Looking a bit different from the Sony Vision-S concept first shown in 2020, the sleek prototype previews a production model scheduled to begin pre-orders in 2025...

Study: EV adoption faces critical cost barriers

GMC Sierra EV lineupConsumers are showing more interest in electric cars, but cost concerns are a critical barrier to further adoption, according to a new study. In its 2023 Global Automotive Consumer Study, consultancy Deloitte found that most Americans don't feel ready for an EV. Just 8% of survey respondents said an EV was the preferred choice for their next...

Stellantis will build 100-mile electric aircraft for Archer

Archer Midnight electric aircraft to be manufactured with StellantisAs it prepares to launch a global lineup of electric cars and trucks, Stellantis is also planning to build a very different kind of electric vehicle. At CES in Las Vegas, the automaker announced that it will build the Archer Midnight electric aircraft, as well as provide $150 million in funding to California-based Archer Aviation in 2023 and 2024...

GM hikes 2023 Chevy Bolt EV price as $7,500 tax credit returns

2023 Chevrolet Bolt EVThe 2023 Chevrolet Bolt EV once again qualifies for the federal EV tax credit, but now it's also getting a small price increase. General Motors lost eligibility for the $7,500 credit when it reached the 200,000-unit sales cap that was previously in place. Under the revamped rules enacted as part of the Inflation Reduction Act (IRA) and due to take...

Report: South Korea fines Tesla $2.2M over cold-weather range

2022 Tesla lineup  (Courtesy of Tesla, Inc.)South Korea's antitrust regulator has hit Tesla with a 2.85 billion won ($2.2 million) fine for allegedly minimizing the impact of cold weather on range, Reuters reported Tuesday. The Korea Fair Trade Commission (KFTC) said Tesla had overstated "driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline...

Each EV with V2G charger might earn $15,000 over 10 years

Nissan Leaf and Fermata Energy FE-15 bidirectional charger – Photo by Fermata EnergyEach bidirectional EV charger installed could pay for itself in three years, and earn up to $15,000 over 10 years, according to projections from a firm that provides such equipment. Chargers installed for vehicle-to-grid (V2G) operation, allowing EVs to discharge power back into the grid, have similar upfront costs to conventional chargers. But...

Report: Used Tesla prices are dropping fast

2016 Tesla Model STeslas have generally held their value better than other electric cars, but used Tesla prices are now dropping fast, according to a recent Reuters report. The average price of a used Tesla in November 2022 was $55,754, down 17% from a July peak of $67,297, according to the report. In comparison, overall average used car prices dropped 4% during...

VW platform for affordable EVs will get mid-decade boost

2024 Volkswagen ID.BuzzThe Volkswagen MEB platform that has served as the backbone for the automaker's EV push is set to get a number of updates over the next few years. The updated version, dubbed MEB+, will incorporate charging and battery updates, as well as an electrical architecture designed to support more advanced driver-assist tech, according to VW. A new...

Used PHEV prices rose ahead of $4,000 tax credit eligibility

2014 Chevrolet VoltIn the months even before we knew some used plug-in hybrids would be eligible for a $4,000 used EV tax credit, market interest in plug-in hybrids was on the rise, according to a recent pricing analysis. In a blog post last month, the retail conglomerate Carmax explained search volume for the term "plug-in hybrid" has increased significantly since...

Nio EC7 flagship EV: The most aerodynamic SUV in the world?

2023 Nio EC7A low drag coefficient (Cd) is very important for maximizing range, leading automakers to push for more aerodynamic EVs. The Nio EC7, the Chinese automaker's new flagship SUV, is yet another example of this trend. Unveiled at the company's recent Nio Day 2022 presentation in Heifei, China, the EC7 has a drag coefficient of 0.23, which Nio claims...