Author: Stephen Edelstein

Hertz is selling EVs, including Teslas, to buy gasoline models

Tesla at HertzHertz on Thursday announced that it's selling about 20,000 EVs, including some Teslas, from its U.S. rental fleet to buy gasoline cars. The company said in a filing with the Securities and Exchange Commission (SEC) that the sales of these vehicles, which represent about one third of its global EV fleet, began in Dec. 2023 and are expected to...

Analysts: EVs will keep gaining US market share in 2024

2024 Hyundai Ioniq 5U.S. EV sales grew significantly in 2023 and will likely continue to do so in the coming year, Bloomberg analysts say in a new report. Analysts estimate that U.S. EV sales reached 1.6 million units in 2023, up from 1.1 million in 2022. And they predict 1.9 million EV sales for 2024, accounting for 13% of the new-car market. Sales could reach 2.1...

2024 Tesla Model 3 Highland update arrives in the US

Tesla Model 3 (Europe-market refresh) The refreshed 2024 Tesla Model 3—codenamed "Highland" by the automaker—is now available in the U.S. Deliveries are expected to start as soon as later this month. The U.S.-spec Model 3 Highland appeared on Tesla's website overnight, with two configurations available. The base single-motor rear-wheel drive version starts at $38,990...

How much money EV ownership saves depends on where you live

2024 Volkswagen ID.4A new University of Michigan study compares the cost of ownership for EVs and internal-combustion vehicles across 14 U.S. cities, finding that the path to cost parity between the two varies by region. The study found that the total cost of ownership for a 300-mile midsize electric SUV varies by $52,000 across all the cities studied. EVs were most...