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Car prices have been on the rise in recent years. This has led many people to reconsider their options when it comes to buying a car. For some, a used car is a more attractive option, while others are opting for public transportation or ridesharing services instead. There are a number of reasons for the rising cost of cars. One is that safety features, such as airbags and automatic braking systems, have become more common and are often required by law. Another reason is that cars have become increasingly complex, with more electronic components than ever before. This complexity can make repairs more expensive when something goes wrong. The good news is that there are still plenty of affordable options out there for those who need a car. There are a number of reputable brands that offer budget-friendly models, and many dealerships offer financing options that can make ownership more achievable. Whether you're looking for a new or used car, doing your research ahead of time can help you get the best deal possible.
Photo: GMC Based on the latest incentive data, the 2024 GMC Sierra EV lease price costs nearly twice as much as GMC’s HUMMER EV. The 2024 GMC Sierra EV lease prices could start at over $1,700 a month. Sheesh. In auto leasing, the interest rate is called a money factor, lease factor, or lease rate.
Lucid Motors and Graphite One have signed a new non-binding supply agreement that involves synthetic anode active materials. Through the agreement, the American automaker looks to cater its BEV supply chain to more locally sourced materials. As you probably already know, Lucid Motors ($LCID) is a California-based BEV automaker currently selling one flagship model –
William Li said that if Nio's plan to add 1,000 stations in China in 2024 is delayed, it could be by up to 1-2 months. The company is building a third battery swap station assembly plant in Wuhan.
Autopistas and Fastned have joined forces for the deployment of different fast charging stations in the province of Barcelona. Fastned, the European fast charging company, continues its roadmap in Spain after signing an agreement with Autopistas, a subsidiary of the Abertis Group in Spain, for the construction and operation of fast charging stations in its […]
Toyota has started testing a new hydrogen-powered truck together with Coca-Cola as part of the beverage company’s supply operations. The fuel-cell truck utilises Toyota fuel cell modules which combine hydrogen and oxygen molecules into water while simultaneously generating electricity. As a result, the only tailpipe emission is water. Moreover, fast refuelling ensures high utilisation rates. […]
Elon Musk says that he will ‘discuss’ Tesla investing $5 billion in xAI, his own private artificial intelligence company. For the last few years, Musk has claimed that “Tesla is an AI company.” Despite that claim and having a fiduciary duty to Tesla shareholders as the chief executive of the company, Musk decided to start
Volvo’s EV commitment is in question after CEO Jim Rowan’s recent comments. As one of the first automakers to announce plans for an all-electric lineup, Volvo was viewed as a first mover. Here’s why Volvo may be backing off its all-EV promise by 2030. Volvo was one of (if not the) first legacy automakers to
Efficiency and luxury limos aren't usually bedfellows but Bentley’s all-new hybrid technology is promising to deliver both in the incoming 2025 Flying Spur.There will be a large measure of 'epic power' thrown into the mix too.
Google parent company Alphabet plans to invest five billion dollars in Waymo, its unit for autonomous vehicles, over the next few years. Meanwhile, the first minivans from Waymo's cooperation with Chinese manufacturer Zeekr are now on the road in San Francisco.
While the focus of the automotive market has been on electrification to meet CO2 regulations, these are not the only regulations that will significantly impact the automotive industry. PFAS are becoming a greater concern throughout multiple industries. With the uncertainty around PFAS regulations, there are a few avenues that automotive players could pursue to replace the refrigerants they use.
Canadian solar panel maker Heliene and India’s solar cell maker Premier Energies are joining forces to build a US solar cell factory. This is great news for the US, as there is currently a shortage of US solar cell manufacturing capacity. Chiranjeev Saluja, managing director at Premier Energies, said, “This joint venture will leverage the
Swedish battery cell manufacturer Northvolt is replacing its Chief Financial Officer. Pia Aaltonen-Forsell has been appointed to fill the position, while her predecessor, Alexander Hartman, will lead the strategic review as Chief Transformation Officer. The personnel changes come at a challenging time for Northvolt.
Which luxury electric SUV would you choose, the Acura ZDX or Cadillac Lyriq? After slashing financing rates, the Acura ZDX may be a better buy than the Cadillac Lyriq or Chevy Blazer EV. With up to $7,200 off a fully loaded ZDX, Acura looks to take a piece of the EV market. Acura first revealed
By: Reuters | Updated on: 26 Jul 2024, 02:40 AM XAI-INVESTMENT/TESLA (UPDATE 1, PIX):UPDATE 1-Musk to discuss $5 billion xAI investment with Tesla board By Hyunjoo Jin and Akash Sriram July 25 – Tesla CEO Elon Musk said on Thursday he and the board of the electric vehicle company will discuss making a $5 billion
Farasis Energy proudly announces the successful testing of its revolutionary battery cells, marking a significant milestone in the quest for a million-mile battery—a feat achieved by only a few companies worldwide. Achieving a million-mile battery requires cycling the cell over 5000 times, a process that takes 24 to 36 months of accelerated testing. Farasis Energy […]
The third-generation Porsche Panamera Turbo S E-Hybrid has returned faster, more efficient, with a longer all-EV range and is promising to be a better drive than ever before when it arrives in Australia in late 2024.
Mahindra Thar Roxx will be the five-door version of the enormously popular Thar SUV. Mahindra Thar Roxx (left) will be the five-door version of Thar and is all set for an official launch come August 15. When it comes to Thar, Mahindra seems incapable of doing anything wrong. Preceded by Mahindra MM540, the first-generation Mahindra
On Thursday, Nissan slashed its operating-profit outlook to ¥500 billion for the year through March 2025, down from its prior forecast of ¥600 billion — far more than analysts had expected — due to weak sales in Japan and the US. The cut triggered the biggest fall in the company’s shares since February. Nissan’s disappointing
Leading today’s pack of Green Deals is a new addition to MOD Bikes’ ongoing summer sale, the Berlin Step-Thru 3 e-bike that is now available for pre-order at $2,199. It is joined by Jackery’s SolarSaga 100 Prime Bifacial DIY Solar Panel that is down at its all-time low of $179, as well as a first-chance
Public transport operator Golden Arrow Bus Services (GABS) has ordered 120 electric buses from BYD for use in the South African city of Cape Town. Deliveries of the BYD B12 electric buses are scheduled to take place between the end of 2024 and the end of 2025.
UK-based battery materials startup TaiSan announces the raise of £1.3 million in its pre-seed funding round. The investment is intended to enable TaiSan to progress its quasi-solid state sodium technology for BEVs, targeting best-in-class energy density.
Beijing, a province-level municipality and the capital of China, only allows a limited number of new cars on the road each year. It now increased the new passenger car sales quota for 2024 by 20,000 units. All of these have to be New Energy Vehicles (NEVs).
ZeroAvia, a manufacturer specialising in electric aircraft engines, and KLM Royal Dutch Airlines are planning the first demonstration flight with liquid hydrogen for 2026 - not just as a round trip around an airport, but between two different airport locations.
French car manufacturer Renault has signed a letter of intent with the Slovenian government to build the new electric Twingo at Renault subsidiary Revoz in Novo Mesto, Slovenia, from 2026. The government will provide subsidies, though the amount is still unknown.
Join Drive Electric for an evening of myth-busting and conversation; EV Batteries – what’s in them and what will happen to them? This is your opportunity to learn from leading experts: Dr Euan McTurk. Jim Lennon and Dominic Salmon. Presentations will cover recycling, repurposing and refurbishing EV batteries and the minerals they contain.Get the facts and learn about the technologies and projects supporting the second life of EV batteries and engage in a Q&A session.
For a brand that first made its name on accessible performance, before pivoting to affordable vehicles foe the masses, the Cyberster looms as a roll of the dice for MG in Australia, with executives conceding they have no idea how many people might buy one.