Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for… Read more…

The 2024 Lucid Air Grand Touring—the longest-range version of the Air luxury sedan—gets some small but notable changes for the current model year, Lucid announced Wednesday in a press release. The Grand Touring is the second Air model to get a heat pump, after the high-performance Sapphire. As previously shown in other EVs, a heat pump… Read more…

The Maserati GranTurismo Folgore is getting a convertible sibling that will create a new EV market niche in the U.S. Unveiled Monday, the Maserati GranCabrio Folgore is scheduled to arrive in the U.S. in the fourth quarter, as a 2025 model, with a price tag of more than $200,000 that will likely make it the first true luxury electric convertible… Read more…

GMC confirmed on Tuesday that the limited-edition launch version of its 2024 Sierra EV pickup will arrive in summer 2024—with about 10% more EPA range than originally suggested. The full-size electric truck, touted to be the “Denali of EVs,” bears GMC’s top-luxury Denali badge and will offer a CrabWalk mode, unlike the… Read more…

The good folks at Hyundai have scrambled my brain with the 2025 Ioniq 5 N, a devilish little electric compact crossover that might just be a motorsports game-changer. Most electric vehicles are a blast to drive in a straight line, with incredible acceleration and accessible power. But their weight becomes a liability on the race track, and battery… Read more…

The Mercedes-Benz eSprinter debuted for the 2024 model year with a long 170-inch wheelbase, a large 113-kwh battery, and a high roof. For 2025, it adds a shorter 144-inch wheelbase, a smaller 81-kwh battery, and a shorter standard roof, the brand announced on Monday. In that configuration, the base price falls from $74,181 to $63,545 before the… Read more…

Rivian announced Monday that it will start planning routes around charger reliability in a new way—by grading each real-world charge site. The change is part of Rivian’s Software Update 2024.11.01, which rolls out to its vehicles, including the R1T electric pickup and R1S electric SUV, starting Monday. And with it, route planning will… Read more…

China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. BNEF estimates to global battery-cell demand for both EVs and energy storage came in at around 950 gigawatt-hours in 2023—but manufacturing capacity was more than twice that, at around 2,600 gigawatt-hours… Read more…

Many EVs have a lower five-year cost of ownership than comparable gasoline models, according an annual roundup from Vincentric, a source for ownership cost calculations for websites and automakers. Vincentric’s analysis covers eight factors: depreciation, fees and taxes, financing, fuel cost, insurance, maintenance, opportunity cost and repairs… Read more…

Honda is well underway in a $700 million effort to retool three of its plants and create a new $3.5 billion battery plant for U.S. EV mass-production. But it’s also emphasizing how much flexibility it has in the shift to accommodate that production. As it confirmed Friday, it will be able to make hundreds of EVs per day at its revamped… Read more…

EVs could end up using a lot of electricity, but efficiency improvements to support them could significantly reduce the need for new grid infrastructure, cut energy usage, and potentially save consumers billions of dollars, according to a new study from research firm EPRI and the Natural Resources Defense Council (NRDC). By 2050, charging of… Read more…

American EV ownership is growing, but fewer car shoppers who don’t already own an EV are considering one, according to a new Gallup poll. Of those households surveyed, 7% reported owning an EV, up from 4% a year ago, while a steady 16% of Americans over the past few years indicated that they are “EV consumers,” which Gallup defines as those who… Read more…

Sales of expensive full-size pickup trucks from the Detroit Three automakers fell in the first quarter of 2024 which, as a Bloomberg report explains, could negatively impact those automakers’ EV plans. Ford, General Motors, and Stellantis have been cashing in on high-end versions of full-size pickups, piling on features like bigger touchscreens… Read more…

The 2025 Mercedes-Benz EQS electric sedan gets a number of updates for its third model year. The refreshed EV arrives at U.S. dealerships later this year, with pricing to be revealed closer to that time. A new 118.0-kwh battery pack for all models represents a 9% increase from the 108.4 kwh usable capacity in current models. Mercedes promises… Read more…

Charging company Voltpost is preparing to roll out its lamppost EV chargers in major U.S. metro areas like New York, Chicago, and Detroit. The company on Thursday announced that it had “imminent plans” to deploy its chargers in these areas this spring. The Level 2 chargers are added to existing lampposts, with charging sessions and payment managed… Read more…

Ford is cutting prices on some 2024 F-150 Lightning electric pickup trucks by up to $5,500, CarsDirect reports, citing a bulletin sent by Ford to dealerships. Effective April 5, the XLT Standard Range grade gets a $2,000 price cut, bringing its base price down to $65,090 with the mandatory $2,095 destination charge. The Lariat Extended Range gets… Read more…

Rimac will provide next-generation battery packs for BMW EVs, the company announced Tuesday in a press release. Full details will be revealed at a later date, but Rimac anticipates “the establishment of sophisticated automated production lines for batteries” at its headquarters near Zagreb, Croatia, with “significant portion” of the site dedicated… Read more…

The 2024 Fiat 500e is a small electric three-door hatchback that looks remarkably similar to the previous Fiat 500, sold in the U.S. from the 2012 through 2019 model years. This one’s offered only as a battery-electric vehicle (hence the “e”), at least for the moment. But Fiat plans to market it as a fashion accessory as much as… Read more…

Ford on Tuesday confirmed lasting price cuts on the Mustang Mach-E lineup, along with 20% faster road-trip charging and a boost in range of up to 20 miles for the new model year. The automaker has also substituted in a new in-house-designed motor unit and thermal changes that altogether will make top-performance versions quicker-accelerating than… Read more…

Connecticut and Maine have delayed adoption of California’s EV sales mandate, leaving EV advocates to retrench, reports Energy News Network. On March 20, Maine’s Board of Environmental Protection voted 4-2 against adopting California’s Advanced Clean Cars II rules, which accompany the state’s planned ban on sales of new gasoline cars in 2035 and… Read more…