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.
Electric vehicle prices have come down significantly, with the top five most affordable EVs in Q1 all selling for under $41,000. Two Nissan EVs topped the list, while Hyundai, Tesla, and Toyota electric models rounded out the top five.
Expand Expanding Close
The first images of Range Rover’s fully electric SUV have been revealed, showing a modern take on the iconic SUV. Range Rover’s first electric SUV is being put through the paces ahead of its upcoming debut. Can Range Rover’s new EV compete with Porsche and other luxury automakers?
Expand Expanding Close
Rivian (RIVN) is still planning to build electric vehicles in Georgia, just not as soon as expected. After delaying construction, Rivian reaffirmed its commitment to an EV manufacturing plant in GA.
Expand Expanding Close
More automakers are offering steep discounts on electric vehicle models. Kia and Genesis are two of the latest to slash EV prices with generous deals. The Kia EV9 and several Genesis EVs are now $7,500 off with new discount offers.
Expand Expanding Close
BYD is coming for Tesla’s sweet spot in the mid-size electric SUV market with its new Sea Lion 07. Ahead of its official launch, BYD unveiled the Sea Lion 07’s luxurious interior. Check out the first images below.
Expand Expanding Close
The cheapest 2024 Ford F-150 Lightning trim is no longer available for orders, at least for retail customers.
Expand Expanding Close
A new electric pickup is coming to global markets. BYD is launching its first electric pickup soon after confirming it will go by the name “Shark” in its latest teaser, revealing a Ford F-150 Lightning look up front.
Expand Expanding Close
A new Kia electric SUV is getting the GT treatment. Images leaking out of China are giving us our first look at the Kia EV5 GT trim.
Expand Expanding Close
Chinese EV maker NIO is denying rumors of a second round of layoffs circulating on social media. The speculation comes as several EV makers recently announced plans to scale back.
Expand Expanding Close
As the brand prepares to kick off its low-cost EV offensive, Kia’s cheapest EV2, starting around $14,500 (20 million Won), was spotted testing in a new video. Check out the first glimpse of the Kia EV2 below.
Expand Expanding Close
Polestar’s new electric SUV, the Polestar 4, is set to hit the Korean market in June, Hyundai and Kia’s home turf.
Expand Expanding Close
Just ahead of playoffs, Kia is rolling out a new feature for EV9 owners, enabling them to represent their favorite NBA teams with custom interior display themes.
Expand Expanding Close
Another affordable electric car is set to be unveiled later this year as Nissan looks to boost EV sales. Nissan will unveil a new Micra EV as its newest low-cost electric car.
Expand Expanding Close
Volvo and battery giant CATL are teaming up to turn old EV batteries into new ones. The partnership aims to further reduce the carbon footprint of EVs by recycling key battery materials.
Expand Expanding Close
Hyundai is constantly looking for ways to improve the range and performance of its EVs. With its latest partnership, Hyundai will develop new materials for better EV performance.
Expand Expanding Close
After kicking off Kia’s transformation, the EV6 is due for an upgrade. Kia’s new EV6 is expected to officially debut in June, with the sporty GT version launching this fall. Here’s what we know so far.
Expand Expanding Close
Electric vehicle prices are down 18% so far this month compared to April 2023. With most automakers launching aggressive discounts, many EVs are on fire sale right now. Some are even being offered for five-figure discounts.
Expand Expanding Close
Rivian (RIVN) is cutting more jobs as the EV maker aims to improve profitability. This is the second round of layoffs this year, but it’s only 1% of the workforce this time.
Expand Expanding Close
The new Audi e-tron GT is gearing up for its debut as prototypes begin hitting the streets for testing. Audi’s refreshed e-tron GT is expected to pull upgrades from the new Porsche Taycan Turbo. The new electric sports car will likely feature a bigger battery, more range, and performance.
Expand Expanding Close
After a slow start, Toyota is looking to shake things up with its next round of electric cars. Toyota’s second best-selling SUV in the US, the Toyota Highlander, is going fully electric. It could be followed by other familiar names like the Tacoma and Tundra.
Expand Expanding Close
If you’re looking to get the most out of your vehicle, Hyundai may be your best choice. In 2024, Hyundai has six of the top ten most fuel-efficient EVs in the US, including the IONIQ 6, IONIQ 5, and Kona Electric.
Expand Expanding Close
New details on the longest-range electric car in the US, the Lucid Air Grand Touring, have been revealed. Lucid’s new 2024 Air Grand Touring gains faster charging, a heat pump, and 516 miles range (in more conditions). And you get all that for a 12% discount compared to last year’s model.
Expand Expanding Close
To boost sales in the world’s largest EV market and one of Volkswagen’s most important regions, the company is launching a new digital EV platform with China’s XPeng. VW says the EV platform will slash costs as it looks to recapture market share in China.
Expand Expanding Close
Cheaper electric vehicles are on the way, and Kia believes it has an advantage. With its own “secret sauce,” Kia is moving to launch a series of affordable EVs in the US.
Expand Expanding Close