What The Fed Rate Cut Could Mean For Car Buyers

What The Fed Rate Cut Could Mean For Car Buyers

In This Story Good morning! It’s Thursday, September 19, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. New York Joins California, Banning Non-Electric Vehicles After 2035 1st Gear: Fed Rate Cut Could … Read more

Ford Loses $44,000 On Every EV Sells As It Switches To Hybrids

Ford Loses ,000 On Every EV Sells As It Switches To Hybrids

Good morning! It’s Monday, August 26, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Even EVs Can’t Get A Break From The Heat 1st Gear: Ford’s New EV Plan Means More Hybrids … Read more

More Than 90 Percent Of German EVs Sold In Q1 Were Leases

More Than 90 Percent Of German EVs Sold In Q1 Were Leases

Not too long ago, vehicle leases were on the decline. So much so that it was affecting the used car market. Now, thanks to EVs, leases are making a big comeback. And thanks to tax credits, German luxury EVs are being leased now more than ever. Even EVs Can’t Get A Break From The Heat … Read more

EV Sales Are Up In The U.S. For Every Automaker But Tesla

EV Sales Are Up In The U.S. For Every Automaker But Tesla

Good morning! It’s Thursday, July 18, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Zeekr 001 Promises the Most Battery Range of Any EV at 641 Miles 1st Gear: EV Sales … Read more

California Likely Won’t Meet Its Goal Of Building A Million EV Chargers

California Likely Won’t Meet Its Goal Of Building A Million EV Chargers

Image: Patrick T. Fallon (Getty Images) California officials are assuming that there will be millions of EVs on California’s roads in the 2030s, so the state needs to get on the ball when it comes to building chargers. However, Calmatters reports that California lofty EV charging goals don’t seem to have a basis in reality. A million … Read more

New, Less Strict Biden EV Rules Incentivize Gas-Burning Trucks And SUVs

New, Less Strict Biden EV Rules Incentivize Gas-Burning Trucks And SUVs

Happy Thursday! It’s June 6, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. NIO Scraps Its Most Unique Feature For Its EVs 1st Gear: Biden Administration EV Rollback To Have Even Worse … Read more

Automakers Keep Killing Off Small Cars Despite Eventually Regretting It

Automakers Keep Killing Off Small Cars Despite Eventually Regretting It

The EV revolution has hit a stumbling block. Sure, sales are technically rising, but they’re not rising anywhere near as quickly as projected. Automakers like Ford are losing big on each vehicle sold, with losses totaling in the billions — and now, The Verge reports that Ford is starting to wonder if maybe it should … Read more

EVs Will Be Cheaper To Make Than ICE Cars But Cost More To Fix

EVs Will Be Cheaper To Make Than ICE Cars But Cost More To Fix

The cost of making EVs is decreasing faster than the industry anticipated. EV production will reach cost parity with ICE-equipped cars in as little three years, and the latest forecast from Gartner predicts that EVs will actually be cheaper to make than gas-powered cars by 2027. One would expect prices to go down as EVs … Read more

France Halts Public €100-A-Month EV Leases After Demand Surges

France Halts Public €100-A-Month EV Leases After Demand Surges

The French government is suspending a subsidized EV leasing program because it’s been flooded with applicants who are eager for cheap EVs. The public lease program offers EVs starting at €100 per month, or $107 at current exchange rates. The program exceeded demand by more than double the amount of expected applicants. It must now … Read more

No One Knows How Much Used EVs Should Cost

No One Knows How Much Used EVs Should Cost

Much like my heart rate during last night’s Super Bowl, used electric vehicle prices are all over the place, and it doesn’t look like that will change anytime soon. Analysts tell Automotive News that used EV prices will continue to fluctuate, and it’s up to automakers to launch affordable EVs before the current ones hit … Read more