Consumer interest in used EVs is on the rise, with some of the most popular gasoline cars getting traded in for EVs, according to data compiled by retailer CarMax. Search traffic for terms containing "electric" on CarMax's website doubled between February 2022 and February 2023, with a peak 5.6% of searches containing "electric," in October 2022... CarMax: Owners trading in Civic for Model 3, Prius for Leaf
Consumer interest in used EVs is on the rise, with some of the most popular gasoline cars getting traded in for EVs, according to data compiled by retailer CarMax. Search traffic for terms containing "electric" on CarMax's website doubled between February 2022 and February 2023, with a peak 5.6% of searches containing "electric," in October 2022... 
Costco is offering members a $2,500 discount on the Volvo XC40 Recharge and C40 Recharge—the Swedish automaker's two all-electric models. The discount is available on 2023 and 2024 models between May 2 and July 31, according to a company press release. A $1,000 incentive is also available for all other 2023 and 2024 Volvo models. The... 
Hyundai’s affiliate technology supplier, Hyundai Mobis, has shown its e-Corner modular steering and propulsion system for EVs in real-world testing, and it’s just released a bit more about what the system will allow dynamically. Put simply, it could dramatically change the maneuverability of electrified urban vehicles, driven or not... 
Despite strong EV sales growth, the ratio of U.S. car shoppers uninterested in buying an EV is increasing, according to a new J.D. Power survey. "Top-line metrics on overall EV market share, availability and affordability have been on a long-term upward trend," J.D. Power said in a statement, "but beneath those headline numbers we are starting to... 
Lordstown Motors on Monday warned that Taiwan's Foxconn may be looking to back out of a crucial funding deal that would keep the electric truck maker running—and that it might go bankrupt if the issue isn't resolved. In a regulatory filing first reported by CNBC, Lordstown said it received a letter from Foxconn on April 21 alleging that the... 