Uwe Krejci | Digitalvision | Getty Images The number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half on Tuesday, as new rules issued by the U.S. Department of the Treasury took effect. However, consumers in the market for an electric passenger vehicle can still access a tax break… Continue reading Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives
Author: CNBC Online news
Nio says it won’t join the ‘price war’ and slash prices like Tesla
New-energy electric vehicles are seen at a Nio store in Shanghai, China, March 19, 2023. Future Publishing | Future Publishing | Getty Images SHANGHAI — Chinese electric car company Nio will keep its prices high rather than cut them, CEO William Li told CNBC in an interview. “For us, we will certainly not join the… Continue reading Nio says it won’t join the ‘price war’ and slash prices like Tesla
Ford unveils new Lincoln Nautilus to be imported from China
2024 Lincoln Nautilus Ford Ford Motor will import its next-generation Lincoln Nautilus from China to the U.S., the company said Monday night. The midsize crossover is currently produced for the U.S. at Ford’s Oakville Assembly Plant in Ontario, Canada. The automaker recently announced it would be investing 1.8 billion Canadian dollars (about $1.3 billion) to… Continue reading Ford unveils new Lincoln Nautilus to be imported from China
GM reveals Buick Envista as brand’s last new gas-powered vehicle
2024 Buick Envista Avenir GM DETROIT – General Motors on Monday revealed the last new gas-powered Buick vehicle ahead of the brand’s transition to an all-electric domestic lineup by 2030. The final new traditional nameplate for the brand will be the 2024 Buick Envista, a small crossover that has the look of a sedan but… Continue reading GM reveals Buick Envista as brand’s last new gas-powered vehicle
Volkswagen reveals the ID.7, new flagship EV with more than 300 miles of range
Volkswagen ID.7 Courtesy: Volkswagen Volkswagen on Monday unveiled a new large electric sedan that it says will have well over 300 miles of range in its top-level trim when it arrives in the U.S. market next year. Volkswagen’s new ID.7, as it’s called, will serve as a flagship for the automaker’s growing line of mainstream… Continue reading Volkswagen reveals the ID.7, new flagship EV with more than 300 miles of range
When buying a Tesla or other electric vehicle, a green auto loan could make it cheaper
A Tesla Model S electric car stops for recharging April 9, 2023 at a service station in Greenwich, Connecticut. Robert Nickelsberg | Getty Images There may be no better time to buy an electric vehicle than now. Automakers are continuing to roll out a growing number of models that offer improved range and better performance.… Continue reading When buying a Tesla or other electric vehicle, a green auto loan could make it cheaper
The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers
Sales of the sub-$30,000 Chevy Bolt, being assembled here in Orion Township, Michigan, allowed GM to recently pass Ford as a distant No. 2 behind Tesla in EVs. Joe White | Reuters From the headlines, car buyers might think the most important force driving down the cost of electric vehicles is the $7,500 tax credit… Continue reading The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers
Lucid first-quarter deliveries underwhelm as demand concerns plague the EV maker
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Luxury electric vehicle maker Lucid Group said late Thursday that it produced 2,314 of its Air sedans in the first quarter. But it delivered just 1,406 Airs to customers during the period, another sign… Continue reading Lucid first-quarter deliveries underwhelm as demand concerns plague the EV maker
Chinese ride-hailing giant DiDi developing own driverless taxis, plans to roll them out in 2025
Chinese ride-hailing giant DiDi debuted the DiDi Neuron, a concept robotaxi. It has an arm in the back to pick up luggage or wake up sleeping passengers. DiDi is working with Chinese carmakers to develop its own autonomous taxis which it is aiming to put into service in 2025. DiDi Global DiDi Global on Thursday… Continue reading Chinese ride-hailing giant DiDi developing own driverless taxis, plans to roll them out in 2025
GM expands high-end Chevy Silverado HD lineup with new ZR2 off-road model
2024 Chevrolet Silverado HD ZR2 GM DETROIT — General Motors will continue to test the price ceiling of its highly profitable full-size pickup trucks as it spends billions to transition to all-electric vehicles. The latest model revealed Thursday is the Chevrolet Silverado HD 2500 ZR2, a new off-road model for one of GM’s most expensive… Continue reading GM expands high-end Chevy Silverado HD lineup with new ZR2 off-road model