Author: Stephen Edelstein

Costco members get a $5,000 discount on some Audi EVs

2023 Audi E-Tron GTBeginning August 1, Costco members can get discounts of thousands of dollars on new Audi EVs. The discount applies to purchases or leases of 2023 and 2024 Audi models, including all of the luxury brand's EVs. The biggest discount—$5,000—goes to the E-Tron GT and RS E-Tron GT sedans. Because it shares the J1 platform with the Porsche...

Manhattan may give EVs a break in upcoming congestion pricing

New York City skylineSome Manhattan elected officials are calling for EVs to get a break on congestion pricing when it goes into effect in 2024, reports Streetsblog New York City. New York City is poised to become the first U.S. city to implement congestion pricing, levying extra tolls on vehicles traveling into the central borough of Manhattan under a program...

Ford lowers EV targets for 2023, pointing to cost

Ford Mustang Mach-E at Port of Drammen, NorwayFord is lowering its 2023 EV production targets, pointing to vehicle prices as a reason for the slowdown. The automaker now expects to be building 600,000 EVs a year sometime in 2024, Ford CEO Jim Farley said Monday in a discussion of the automaker's quarterly earnings report. Ford has been saying since 2021 (when it doubled EV targets) that it...

Ford lowers EV targets for 2023, pointing to cost

Ford Mustang Mach-E at Port of Drammen, NorwayFord is lowering its 2023 EV production targets, pointing to vehicle prices as a reason for the slowdown. The automaker now expects to be building 600,000 EVs a year sometime in 2024, Ford CEO Jim Farley said Monday in a discussion of the automaker's quarterly earnings report. Ford has been saying since 2021 (when it doubled EV targets) that it...

Survey: Tesla owners love their EVs but are souring on Musk

Giga Texas opening  -  Elon MuskTesla owners still love their cars, but they're souring on CEO Elon Musk, a new survey finds. Bloomberg recently rebooted a survey of 5,000 Tesla owners it first polled in 2019, and while all of the results are worth reading through in detail for Tesla fans, some trends stand out that relate to the market at large. Asked the same questions, these...

Dispute with Karma gets in the way of Lordstown bankruptcy

Lordstown EnduranceBankrupt Lordstown Motors must face a trial over fellow EV firm Karma Automotive's claim that the Ohio-based automaker stole infotainment technology, Reuters reported Thursday. Lordstown filed for bankruptcy in June and had asked U.S. bankruptcy Judge Mary Walrath in Wilmington, Delaware, to approve bidding procedures that would allow the company...