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EV inventory is ballooning, prices expected to fall soon

Data from Cox Automotive and Automotive News Research and Data Center show dealer EV inventories are rising despite strong sales. Cox Automotive estimates that EVs are approaching 7% of the U.S. new-car market and will top 1 million U.S. sales for the first time this year. But the data also show that EVs aren’t flying off dealer lots. By the end of the second quarter, U.S. EV inventory is expected to top 90,000 units for the first time. For background, last year, when the EV supply was severely tight, the domestic inventory was around 21,000 units, Green Car Reports reported. Several factors still hamper EV sales growth. Cox also revealed in a June survey of dealers and consumers that dealers are not yet as ready for the electric future as consumers are. And while consumers may be more enthusiastic than dealers, interest in EVs is by no means universal, Automotive News reported. Ipsos has concluded that the lagging consumer interest in EVs is due in part to a misperception of the

Nissan recalls 1.4 million vehicles

A spokesman said Nissan will announce a recall of about 1.38 million vehicles worldwide. bloomberg . This recall includes Note, Kix, Serena, leaf , will affect vehicles in the United States, Europe and Japan. The decision came after the company discovered various issues that could pose potential risks to drivers and passengers. Of the vehicles listed, nissan kicks and Leaf are now available in the United States. The problem was the sudden acceleration when the cruise control was turned off. There is also the problem of short circuits that cause the motor to fail while driving, creating a serious safety hazard on the road. https://ift.tt/LprOsqn Nissan recalls 1.4 million vehicles Auto Updates

Škoda Auto on the road to carbon neutrality: Škoenergo power plant transitions to 100% biomass

Škoda Auto continues its journey towards carbon neutrality. Mlada Boleslav, 13 July 2023 – Škoda Auto continues its journey towards carbon neutrality. The company’s subsidiary, Škoenergo, is an integrated energy supplier for automobile manufacturers and a heating operator in the city of Mlada Boleslav, which has launched an important project to modernize the factory to use 100% biomass. there is Construction will start in 2024 he. By moving to wood chips and plant pellets, energy production becomes completely carbon neutral. With an estimated cost of €141 million, this heating plant upgrade will be one of his largest projects of its kind in the Czech Republic and is expected to be operational within three years. This will contribute to the ambitious environmental targets along the entire value chain, rooted in Škoda’s Next Level Škoda Strategy 2030. “At Škoda Auto and Ško Energo, we are on track in terms of meeting our ambitious sustainability goals. It represents the most radical m

Join the C/D editor and experience Lightning Lap testing for yourself

What is the one objective attribute that all vehicles can be measured to distinguish good from good vehicles? Speed! At its core, lap times include more than just your ability to go fast. It also encapsulates the car’s cornering, braking and acceleration capabilities, representing the car’s performance at its limits, all wrapped up in one neat little metric. This is exactly how we evaluate Lightning Wrap contenders each year to determine which vehicles come out on top. As you may know, we divide vehicles into 5 classes from LL1 to LL5 according to price in order to evaluate vehicles as fairly as possible. Then it was time to hit the track. Scheduled to be released on October 19 For the past 17 years, we’ve used the 4.1-mile, 24-turn grand course configuration of Virginia International Raceway, one of the most challenging tracks in the United States, for this ultimate speed test. This year, we give readers the chance to join his VIR and see all of the Lightning Lap test first hand. M

Production of the Tesla Cybertruck finally begins in Texas

Tesla originally said it would sell the Cybertruck in three configurations: Prices start at $39,900 for single-motor versions with more than 250 miles of range. Starting at $49,900, it’s a dual-motor model with a range of over 300 miles. Pricing starts at $69,900 for a tri-motor with a range of 500 miles or more. But in October 2021, the company removed the price and specs from Cybertruck’s ordering page without explanation. When asked about the latest specs and pricing in April, Musk was reluctant, saying Tesla would save that information for a Cybertruck delivery event it hopes to hold near the end of the third quarter. Since Tesla unveiled the vehicle at an event where a supposed bulletproof glass demonstration went awry, ford motor . Introducing the electric version of the best-selling F-150. general motors began selling the GMC Hummer EV pickup, and Rivian Automotive launched the R1T truck. Deutsche Bank analyst Emmanuel Rosner expects Tesla to deliver 2,000 Cybertrucks

2024 Geneva Motor Show to be ‘affordable’

The Geneva Auto Show will return in 2024 with a new ‘affordable’ concept for exhibitors and visitors. The exhibition has been held annually until now, but has not been held since it was canceled early in 2020 due to the spread of the new coronavirus infection. The organizers plan to hold the exhibition from February 26 to March 3 next year at the Palexpo Convention Center, its traditional home near Geneva Airport, with a changed exhibition concept and reduced hotel costs. “The hall in Geneva has already been rented and paid for,” said Sandro Mesquita, managing director of the Geneva International Motor Show operator. car news sister publication auto wash . Mesquita stressed that the show was a half-hearted attempt at resurrection, a payment to counter speculation that he could be reburied if necessary and at a low cost. Organizers have developed a new concept for the show to significantly reduce the high exhibition costs that have plagued many car companies. “We provide exhibit

Tesla cars selling for 20 million rupees in India are still a distant dream, experts say

New Delhi, July 13: Reports surfaced that Tesla is looking to bring its supply chain ecosystem to India in the near future, with a cheaper Model 3 priced around Rs 2 million in India, but industry experts said. On Thursday, he said hitting that price point was a distant dream. If all goes well, Tesla can reportedly produce 500,000 electric cars a year (starting at Rs 2 million). The company, run by Elon Musk, plans to set up an auto parts and electronics chain in India with incentives and tax benefits. Is Tesla finally coming to India? Elon Musk said Tesla will choose India as a potential site for its new factory this year. Experts say Tesla prices are about the same around the world, with the Tesla Model 3 base model being the cheapest Tesla available today, priced at $40,240 (around Rs 33 million). Tesla cars coming to Indian market? Tesla executives are likely to visit India this week to meet with Modi government officials, the report said. Importing this model into India will