The average price of the most popular used EVs has dropped by up to $5,000 compared to last year, according to retailer CarMax. Sales data from September 1, 2023 to February 29, 2024, showed that the top EVs at CarMax were the Tesla Model 3, Tesla Model Y, and Nissan Leaf. They were also the top-sellers in a previous CarMax report published in... Report: Top-selling used EVs cost up to $5,000 less than last year
The average price of the most popular used EVs has dropped by up to $5,000 compared to last year, according to retailer CarMax. Sales data from September 1, 2023 to February 29, 2024, showed that the top EVs at CarMax were the Tesla Model 3, Tesla Model Y, and Nissan Leaf. They were also the top-sellers in a previous CarMax report published in... 
The first-ever electric version of the Mercedes-Benz G-Class—also known as the "Gelandewagen" or "G-wagen"—is getting the Matchbox treatment—with a sustainable twist to match its electric powertrain. Formally known as the Mercedes-Benz G 580 with EQ Technology (a name that might prove difficult to fit on the packaging), the... 
Hyundai will add production of hybrid models at its Georgia Metaplant scheduled to open later this year, CFO Lee Seung Jo said during a recent earnings call. "We are investing in facilities to produce hybrid cars at the Hyundai Motor Group Metaplant America,” Lee told the Korea Economic Daily and other media on the call, adding that Hyundai... 
The Emily GT, an electric sedan prototype created by former Saab engineers in Sweden with Chinese funding, may see production in Italy under the auspices of a Canadian startup, reports Autocar. The startup in question is called EV Electra, and it has just had an offer to buy an Italian factory approved, CEO Jihad Mohammad said in a LinkedIn post... 
In its quarterly earnings call this week, Ford reported significant losses on EVs—but still promised lower-priced models. As reported by CNN, Ford said its EV unit lost $1.3 billion in the first quarter, or $132,000 for each of the roughly 10,000 EVs sold by the automaker during that period. Sales were down 20% from a year earlier, but... 
An electrified successor to the Mazda 6 mid-size sedan goes on sale in China later this year, but prospects for the U.S. are unclear. Unveiled at the 2024 Beijing auto show, the Mazda EZ-6 combines the Japanese automaker's signature design flair with powertrain tech from Changan Automobile, Mazda's Chinese partner. Mazda hasn't confirmed sales... 
EV sales are likely to continue growing in 2024, reaching around one in five new car sales globally, and 11% of the U.S. market, according to the International Energy Agency (IEA). Tight profit margins, volatile battery raw material prices, and the phaseout of incentives in certain countries have led to concerns about an EV sales slump, but data... 
Mini on Wednesday unveiled a new entry electric model, although it's unclear if it will reach the U.S. Called the Aceman, the new model is a crossover that borrows the name and minimalist look from a 2022 concept car. Measuring just 160 inches long, it slots between the redesigned 2025 Mini Cooper hatchback and 2025 Mini Countryman crossover. That... 
A new Tesla Model 3 Performance based on the refreshed Model 3—codenamed "Highland" by the automaker—is now available to order in the U.S. Appearing on Tesla's website Tuesday, the new Model 3 Performance has a dual-motor all-wheel drive powertrain rated at 510 hp and 546 lb-ft of torque. Tesla quotes 0-60 mph in 2.9 seconds, a 163 mph...