Author: Stephen Edelstein

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...

Base Tesla Model 3 now also qualifies for $7,500 tax credit

2023 Tesla Model 3The base Tesla Model 3 now qualifies for the full $7,500 federal EV tax credit, joining other Model 3 variants. On Friday, Tesla fans noted that, when building a base Model 3, Tesla then indicated that it was eligible for a $7,500 credit. At that time, the EPA FuelEconomy.gov list of qualified vehicles indicated that model and some of the lineup...

Sub-$40,000 EVs can’t yet be profitable, says GM CEO

GM CEO Mary BarraGeneral Motors CEO Mary Barra said in a conference Friday that EVs selling for less than $40,000 can't be profitable just yet. It's an unexpected statement from the head of an automaker that's been fairly optimistic about affordable EVs. As reported by Reuters, Barra told conference attendees that EV battery costs are still too high to build...

Colorado’s revamped credit incentivizes smaller, cheaper EVs

2023 Nissan LeafColorado has revamped its EV tax credit, with a new approach that incentivizes cheaper EVs. HB 1272, which was passed by the Colorado legislature and signed by governor Jared Polis in May, re-ups a tax credit for light-duty electric vehicles that was originally $5,000. As originally enacted, it dropped to $4,000 in 2020, $3,500 in 2021, and $2,000...

EV cost parity may not arrive until 2030, suggests Ford CEO

2023 Ford F-150 LightningEVs may not achieve cost parity with gasoline cars until after 2030, Ford CEO Jim Farley said Wednesday. Speaking at an investor conference, Farley said that, for most automakers, EVs will remain more expensive to manufacture than internal-combustion cars until the end of the decade, reports Reuters, adding that this counters analysts' prediction...

2019-2024 Jaguar I-Pace recalled over battery fire concern

2022 Jaguar I-PaceBattery fire concerns have prompted a recall of nearly 6,400 Jaguar I-Pace electric SUVs from throughout the model's production run. Jaguar on Wednesday said the battery energy control module software will be updated, and battery modules will be replaced if necessary, in 6,367 vehicles from model years 2019 to 2024 free of charge, according to...