Author: Stephen Edelstein

Hyundai Ioniq 6 undercuts Tesla Model 3 with $5,000 price cut

2023 Hyundai Ioniq 6Thanks to increased rebates, the 2023 Hyundai Ioniq 6 is now cheaper to buy than a Tesla Model 3. Hyundai recently increased rebates on the Ioniq 6 from $3,750 to a maximum $5,000 for the SE and SEL trim levels, CarsDirect reports. The top Limited trim level gets a smaller $2,000 rebate, and unlike the rebate for lower trim levels, it's in the...

Cost misconceptions may be behind waning EV interest

2024 Kia EV9Consumer interest in EVs is lagging, and cost is partly to blame, according to a new Ipsos study. Despite factors like increased choice of EV models and a revamped federal tax credit ushered in by the Inflation Reduction Act (IRA), interest in EVs has essentially leveled off, the study suggests. In 2022, 49% of respondents said they were...

Lucid and Fisker are both preparing to sell vehicles in China

Lucid Air SapphireLucid and Fisker in the past week separately announced plans to sell vehicles in China soon. The head of Lucid's China operations confirmed to Reuters Thursday that the automaker was planning to enter the Chinese market. The Reuters report also cited an anonymous source with knowledge of Lucid's plans, who said the automaker plans to sell imported...