The U.S. EV market grew significantly in the first half of 2023, but the average EV buyer still has very strong credit, a new study found. The study, conducted by credit giant TransUnion with S&P Global Mobility, found that high average credit scores for EV buyers remained the norm between the second quarter of 2022 and the same period in... As EV market grows, it’s attracting buyers with top-tier credit
The U.S. EV market grew significantly in the first half of 2023, but the average EV buyer still has very strong credit, a new study found. The study, conducted by credit giant TransUnion with S&P Global Mobility, found that high average credit scores for EV buyers remained the norm between the second quarter of 2022 and the same period in... 
Stellantis and battery supplier CATL on Tuesday signed a memorandum of understanding that could pave the way for more affordable EVs in Europe. The non-binding memorandum outlines the supply of lithium iron phosphate (LFP) battery cells and modules by CATL to Stellantis for European production within an unspecific timeframe. The two companies are... 
A recently-surfaced Ferrari patent application hints at in-wheel motors for future performance road cars. In a filing published by the United States Patent and Trademark Office (USPTO) Nov. 2, 2023, filed the previous April, the Italian performance automaker appears to be working to integrate motors together with friction brakes, as part of a... 
Honda this week provided a few more details about its next-generation fuel-cell module, at the 2023 European Hydrogen Week in Brussels. Co-developed with General Motors, the new module was first shown at the 2023 Tokyo auto show, and it has already been confirmed for use in North America. Honda has already confirmed a Europe-bound energy storage... 
Cadillac's EV lineup will further expand with a compact SUV called the Optiq. In a brief announcement Friday, the General Motors luxury brand confirmed the Optiq as the "entry point for Cadillac’s EV lineup in North America," sitting below the Lyriq. Further details will come next year, meaning the Optiq is likely to launch as a 2025 model... 
Aerodynamics are an important consideration in modern EVs. Lowering aerodynamic drag improves efficiency, allowing for more range from a given battery-pack size. But it bears emphasis: This is far from a new obsession. A new exhibit curated by Audi in Germany highlights an earlier era of aerodynamic experimentation. In the 1930s, engineers at the... 
Toyota and battery-recycling firm Redwood Materials on Thursday announced an expansion of their previous agreement that will see Toyota source battery materials from Redwood for future battery production. Toyota announced plans to work with Redwood on recycling of battery materials in June 2022. But it's now confirming plans to also source... 
At the 2023 Los Angeles auto show, Subaru announced that the Forester compact crossover SUV will get a hybrid powertrain option for the first time. Subaru briefly mentioned the Forester Hybrid during the reveal of the redesigned sixth-generation Forester, which goes on sale next year as a 2025 model with gasoline-only power. The Forester Hybrid is... 
Cold weather affects the range of each EV model differently, but a new report found that some perform better than others. Recurrent creates battery health reports for used EVs, and has used the same data to study cold-weather range loss. This isn't the first time the company has published a report on the effects of cold weather on EV range, but... 
Mercedes-Benz on Wednesday unveiled the first of a planned network of charging stations that the automaker claims will be the fastest in the U.S.—and it represents a template for the form and function of future stations on the network. Located at Mercedes' headquarters in Sandy Springs, Georgia, near Atlanta, this first location features...