Faraday Future, which has struggled to deliver its $300,000 FF 91 electric vehicle, now plans to launch a sub-brand selling affordable EVs at scale. In a recent presentation to investors, Faraday Future announced Faraday X—FX for short—which aims to launch two models called FX 5 and FX 6 priced between $20,000-$30,000 and... Faraday Future teases $20,000 EV, gasoline range-extender
Faraday Future, which has struggled to deliver its $300,000 FF 91 electric vehicle, now plans to launch a sub-brand selling affordable EVs at scale. In a recent presentation to investors, Faraday Future announced Faraday X—FX for short—which aims to launch two models called FX 5 and FX 6 priced between $20,000-$30,000 and... 
Hyundai will launch plug-in hybrid SUVs as a "bridge to electrification" in 2026, but still plans to launch 21 EVs globally by 2030. Announced during the automaker's 2024 CEO Investor Day presentation Wednesday, a new plug-in hybrid powertrain will use two electric motors to enable all-wheel drive, with a combustion engine acting primarily as a... 
Mazda on Tuesday announced that the EZ-6 electric sedan will be its first global-market EV. Mazda revealed this sedan in April in China, and at that time it didn't provide information about whether it would be offered for any other markets. But in a press release Mazda said the EZ-6 will be "officially launched in the fall of 2024 as a global... 
Electric cars and plug-in hybrids outsold non-hybrid internal-combustion cars in China—the world's largest new-car market—in July, reports Reuters. Sales of plug-in cars increased 37% last month from the same period a year earlier, reaching a record 50.7% market share, according to the report, which cites data from the China Passenger... 
Porsche and Audi acknowledge the electric transition will take longer than anticipated Audi said plug-in hybrids will be the stepping stone, especially in the U.S. Both Porsche and Audi still plan to go all-electric Two Volkswagen Group brands now expect the EV transition to take longer than originally thought. Porsche previously said it was... 
The CEO of McLaren wants the U.K. government to help create a battery supply chain The new supply chain would lead to power-dense battery cell manufacturing This would all lead to future McLaren electric supercars being produced in the U.K. McLaren Automotive CEO Michael Leiters is calling on the U.K. government to invest in the country's battery... 
The global fleet of internal-combustion vehicles will peak in 2025, but plug-in hybrids may determine whether this leads to decreased oil demand, according to new analysis from Bloomberg New Energy Finance (BNEF). Sales of internal-combustion vehicles already peaked in 2017, and BNEF expects them to be 29% below that peak in 2027. While BNEF still... 
The federal government on Friday revealed vehicle efficiency standards for 2027-2031 that improve the fleet fuel efficiency of new cars and trucks—slightly. The final rules for Corporate Average Fuel Economy (CAFE), announced Friday by the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), set the... 
Mitsubishi plans to update its U.S. lineup with new hybrids, plug-in hybrids, and EVs over the next few years. The automaker on Thursday unveiled a new business plan called "Momentum 2030" which includes plans for one new or refreshed model to be introduced between 2026 and the end of the decade, nearly doubling the automaker's U.S. lineup from... 
Costco is once again offering deals on EVs and plug-in hybrids for its members. Between May 1 and July 31, the retail chain is offering a $1,000 incentive on 2024 and 2025 Volvo models, including the 2024 XC40 and C40 Recharge EVs and XC60 Recharge and XC90 Recharge plug-in hybrids, as well as 2025 XC60 and XC90 plug-in hybrid models. The XC40... 