Amid a flood of new competition, Ford is shifting plans to build more affordable electric vehicles. Ford is developing a new low-cost EV platform to power a small electric pickup and SUV, with starting prices around $25,000. However, due to the pivot, plans for its three-row electric SUV have been put on the back burner.
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Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising. For questions or comments, you can email him at Peter@electrek.co. You can also follow him on Twitter @EVPeteJohnson.
Genesis GV60 electric SUV spotted rocking a sleek new facelift with updated headlights
The all-electric Genesis GV60 electric SUV is due for a refresh. Ahead of its official debut, the Genesis GV60 was spotted with a new facelift, including sleek new headlights.
Expand Expanding CloseCanoo (GOEV) stock surges after OKC EV facility gets key approval
Shares of American EV startup Canoo (GOEV) are surging after its Oklahoma City facility received approval as a Foreign Trade Zone (FTZ). The approval will help improve Canoo improve profitability as it scales production.
Expand Expanding CloseMercedes-AMG teases first look at its sporty electric supercar poised to rival Porsche, Lucid
Mercedes-AMG is officially previewing its upcoming electric supercar. Shown drifting across a frozen lake during testing, the sporty Mercedes-AMG EV will rival the new +1,000 hp Porsche Taycan Turbo GT and +1,200 hp Lucid Air Sapphire.
Expand Expanding CloseFisker (FSR) stock falls after failing to make an interest payment, pauses EV production
EV startup Fisker (FSR) is pausing EV production for six weeks as its financial struggles worsen. Fisker looks to get its finances in order after failing to make an interest payment. The EV maker did get a commitment for up to $150 million in financing, but will it be enough?
Expand Expanding CloseBMW previews Vision Neue Klasse X: Is this the electric SUV we’ve been waiting for?
BMW is teasing the new Vision Neue Klasse X electric SUV ahead of its official debut next week. Is this the electric BMW SUV we’ve been waiting for?
Expand Expanding CloseRivian (RIVN) and Hyundai see US EV registration growth in January, outpacing rivals
EV registrations were up 15% in the US in January. Although Ford and GM’s EV registrations slipped, Rivian (RIVN) and Hyundai saw some of the biggest growth.
Expand Expanding CloseVolkswagen wants an electric ID. GTI hot hatch in the US at $25,000? Bring it on!
It looks like Volkswagen may bring the electric hot hatch to the US after all. Even better, Volkswagen wants to launch the electric ID. GTI with starting prices between $20,000 and $25,000.
Expand Expanding CloseNissan and Honda confirm new EV partnership as they look to play catch up with Tesla, BYD
It’s official. Nissan and Honda are forming a new EV partnership after falling behind leaders like Tesla and China’s BYD. Will working together help turn things around?
Expand Expanding CloseVolkswagen is offering $13,000 off the 2023 ID.4 AWD Pro S Plus with new lease deal
In a fire sale, Volkswagen is offering $13,000 off the 2023 ID.4 AWD Pro S Plus with a new lease deal as it gears up to launch new EVs.
Expand Expanding CloseHyundai unveils new ST1 EV business platform design for the first time
For the first time, Hyundai Motor revealed its new “ST1” EV business platform on Thursday. The ST1 is the first of several new electric models based on the platform.
Expand Expanding CloseVolkswagen announces production start date for its most affordable $20K ID.1 EV
For the first time, Volkswagen announced it aims to start producing its most affordable ID.1 electric car, starting at 20,000 euros ($21,700), in 2027. The $20K Volkswagen ID.1 will offer “affordable electric mobility for everyone,” VW brand leader Thomas Shafer said Thursday.
Expand Expanding CloseVolkswagen confirms larger electric SUV coming to the US, hybrids too?
A new, larger VW electric SUV will arrive in the US. Despite several automakers pulling back, Volkswagen says it’s sticking to its EV plans. Meanwhile, the automaker may add hybrids as it looks to boost sales in the US.
Expand Expanding CloseHyundai and Kia recall 170,000 EVs in Korea over software glitch, is the US next?
Hyundai and Kia will recall around 170,000 EVs in Korea, the largest since they launched. The recall is over a software issue impacting Hyundai’s IONIQ, Genesis, and Kia EVs. Meanwhile, there’s an open NHTSA investigation in the US.
Expand Expanding CloseVolkswagen unveils sleek ID.3 GTX and ID.7 GTX Tourer with added power and sporty design
In a double global debut, Volkswagen introduced the new ID.3 GTX and ID.7 GTX Tourer as it expands its range of sporty EVs.
Expand Expanding CloseNissan and Honda may team up to slash EV prices and take on Chinese automakers like BYD
Nissan and Honda are considering teaming up to introduce more affordable EVs to compete with Chinese automakers like BYD. The partnership could include a new EV platform.
Expand Expanding CloseFirst Stellantis EV in the US draws strong interest from dealers
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Expand Expanding CloseBYD reveals cheaper e2 electric crossover starting under $13,000 to undercut ICE cars
BYD is launching another lower-priced electric model. The Chinese automaker introduced the new BYD e2 Honor Edition, starting under $13,000, in its latest move to steal market share from gas-powered cars.
Expand Expanding CloseCadillac teases new Opulent Velocity performance EV concept, is it too little too late?
Cadillac gave a sneak peek of “the future of electric performance,” teasing its new Opulent Velocity EV concept. But with GM falling behind in the EV market, is a concept enough at this point?
Expand Expanding CloseHyundai to launch a new rugged off-road IONIQ 5 XRT model in the US
After the IONIQ 5 earned Hyundai’s first N-brand treatment, it’s now due for a rugged, off-road XRT upgrade. How will it compare to Rivian’s recently revealed R3X?
Expand Expanding CloseHyundai reveals IONIQ 5 N price starts at $66,100, topping the Tesla Model Y Performance
The first Hyundai N brand high-performance EV will start at $66,100 (excluding destination). Hyundai says the 641 hp IONIQ 5 N starting price sets a “new benchmark for engaging, all-electric high performance.” But how does it stack up against the Tesla Model Y Performance?
Expand Expanding CloseRivian R3 electric crossover design influenced by iconic rally cars like the Audi Quattro
Rivian shocked the industry after unveiling the R3 electric crossover, a smaller and even more affordable EV than the R2. But, it was the high-performance R3X that grabbed people’s attention with a modern design take on iconic rally cars of the past.
Expand Expanding CloseBYD is ‘just getting started’ in Europe with plans to triple its EV market share
China’s BYD will challenge automakers in Europe with plans to triple its share in the EV market by 2025. After dominating its home market, BYD is expanding its brand overseas.
Expand Expanding ClosePorsche’s new electric Macan earns 10,000 orders ahead of deliveries
Porsche is launching four new vehicles this year, its most ever. This will include the new all-electric Macan EV, which Porsche says is already seeing strong orders.
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