Biden’s Climate Tax Breaks Are Popular, Driving Up Law’s Cost
A law to boost clean energy appears to be more potent than predicted, with big implications for both budget talks and efforts to fight climate change.
CarMax: Owners trading in Civic for Model 3, Prius for Leaf
Consumer interest in used EVs is on the rise, with some of the most popular gasoline cars getting traded in for EVs, according to data compiled by retailer CarMax. Search traffic for terms containing "electric" on CarMax's website doubled between February 2022 and February 2023, with a peak 5.6% of searches containing "electric," in October 2022... 2023-2024 XC40 Recharge, C40 EVs get $2,500 Costco discount
Costco is offering members a $2,500 discount on the Volvo XC40 Recharge and C40 Recharge—the Swedish automaker's two all-electric models. The discount is available on 2023 and 2024 models between May 2 and July 31, according to a company press release. A $1,000 incentive is also available for all other 2023 and 2024 Volvo models. The... Ford Reports $1.8 Billion Profit in Quarter
Sales increased from a year earlier, when the automaker was hampered by parts shortages.
Lordstown trouble, e-Corner demonstration, EV rejectors growing: Today’s Car News
Lordstown Motors could be in financial trouble. Hyundai’s supplier shows off its e-Corner EV tech with a crab walk and pivot turn. And is a growing group of U.S. shoppers rejecting EVs? This and more, here at Green Car Reports. In its latest survey data, J.D. Power saw a higher portion of shoppers indicating they were “very... Hyundai Ioniq 5 goes sideways with e-Corner tech, in-wheel motors
Hyundai’s affiliate technology supplier, Hyundai Mobis, has shown its e-Corner modular steering and propulsion system for EVs in real-world testing, and it’s just released a bit more about what the system will allow dynamically. Put simply, it could dramatically change the maneuverability of electrified urban vehicles, driven or not... Survey: Growing portion of US shoppers are rejecting EVs
Despite strong EV sales growth, the ratio of U.S. car shoppers uninterested in buying an EV is increasing, according to a new J.D. Power survey. "Top-line metrics on overall EV market share, availability and affordability have been on a long-term upward trend," J.D. Power said in a statement, "but beneath those headline numbers we are starting to... Lordstown indicates Foxconn may be backing out of deal
Lordstown Motors on Monday warned that Taiwan's Foxconn may be looking to back out of a crucial funding deal that would keep the electric truck maker running—and that it might go bankrupt if the issue isn't resolved. In a regulatory filing first reported by CNBC, Lordstown said it received a letter from Foxconn on April 21 alleging that the... 2023 Prius review, Accord Hybrid safety, Daimler charging network: Today’s Car News
The Honda Accord makes the top tier for safety. Daimler is re-upping its aim to establish a charging and hydrogen network for big trucks. Saab’s engineering braintrust continued to concoct new vehicles in an era of EVs. And we followed up with the latest Prius hybrid and found a lot to love as well as some gripes. This and more, here at... 2023 Honda Accord Hybrid achieves Top Safety Pick+ distinction
The 2023 Honda Accord lineup—including the Accord Hybrid—has achieved top crash-test results from the Insurance Institute for Highway Safety (IIHS), the agency revealed on Friday. Improved side-impact protection, part of the redesign the Accord lineup received for 2023, is partly to credit for the top showing. It now achieves a...