Author: Stephen Edelstein

Used EV depreciation: Do long-range models hold more value?

2020 Hyundai Kona ElectricUsed EV prices are dropping, but long-range models appear to be holding their value better, according to Automotive News. As analysts try to fit used-car value metrics to the growing population of used EVs, J.D. Power is applying a "pretty significant deduct" to the residual value of any model with a range below 275 miles, which the firm considers...

Used EV depreciation: Do long-range models hold more value?

2020 Hyundai Kona ElectricUsed EV prices are dropping, but long-range models appear to be holding their value better, according to Automotive News. As analysts try to fit used-car value metrics to the growing population of used EVs, J.D. Power is applying a "pretty significant deduct" to the residual value of any model with a range below 275 miles, which the firm considers...

Canoo delivers electric Light Tactical Vehicle to US Army

Canoo Light Tactical Vehicle (LTV)Canoo on Thursday announced deliver of a prototype truck to the U.S. Army, which shows what a production off-roader from the EV startup could look like. Called the Light Tactical Vehicle (LTV), the electric truck fulfills a contract awarded to Canoo in July 2022, according to a company press release. The single prototype is being used for analysis...

Study: Toyota and Honda owners are defecting to Tesla

2023 Toyota CamryTesla is siphoning customers away from Honda and Toyota, according to a new study released this week by S&P Global Mobility. Among EV makers, Tesla remains in another league when it comes to attracting and keeping new customers. The Tesla Model Y has a 60.5% brand loyalty rate in the U.S., and nearly 74% of buyers are coveted conquest sales...

Report: VW in talks with Foxconn to make Scout electric SUVs

Teaser for Scout SUV conceptVolkswagen is in talks with Foxconn to build electric pickup trucks and SUVs for its Scout brand, according to a recent Reuters report. VW said in May that it would reintroduce the Scout name, which originated with the classic International Harvester Scout, one of the earliest SUVs. While that first Scout was just one model, VW envisions an entire...