25 articles
Porsche's operating profit has plummeted by 99%, signaling a crisis for its long-standing business model. The luxury automaker faces challenges from shifting market demands, intense EV competition, and the high costs of electrification, forcing a strategic recalibration.
Consumers are finding significant value in the used electric vehicle market, with some models like older Teslas retaining their value remarkably well. This trend offers a compelling alternative to purchasing new vehicles, highlighting the long-term cost-effectiveness of pre-owned EVs.
Tesla has introduced a more affordable rear-wheel-drive Model 3, significantly lowering the barrier to entry for its popular EV. This move comes as European EV sales surge, highlighting the growing demand for electric mobility.
Used Tesla Model Y vehicles from 2021-2023 are now available for purchase in the low $20,000s, marking a significant drop in prices. This trend makes premium EVs more accessible and highlights the growing maturity of the pre-owned electric vehicle market.
Once a symbol of electric vehicle ambition, the Fisker Ocean now finds a second life thanks to its dedicated owners. After the company's bankruptcy, the Fisker Owners Association has stepped in to provide parts, service, and software updates, transforming the flawed EV into a community-supported marvel. This has created a unique, albeit niche, bargain for adventurous buyers.
The European Commission is reportedly set to delay its 2035 ban on new combustion engine cars, potentially pushing the deadline to 2040. This move, aimed at supporting the auto industry, sparks debate about the future of EVs and global competitiveness.
We experienced BYD's incredible EV capabilities firsthand at their Jiangzhou "Everything Electric Show." From a car that floats in a swimming pool to a 1,000-horsepower hypercar, BYD's rapid evolution is on full display.
The automotive industry is buzzing with developments, from potentially game-changing solid-state battery technology to a resurgence in motor shows. However, internal challenges, like Stellantis's controversial 'no natural demand' statement, highlight the complex road ahead for electrification.
The Everything Electric Sydney show, a key event for electric vehicle enthusiasts and industry professionals, has been postponed by six months to September 18-20. Organizers cite global market shifts and local challenges for the delay, promising an enhanced experience.
Discussions on biofuels, European overcapacity, and UK-China trade relations reveal the complex challenges and opportunities facing the automotive industry. Analysis suggests biofuels are inefficient, while overcapacity pressures European manufacturers, prompting a re-evaluation of global trade dynamics.
