Lexus will unveil multiple concept cars at the 2023 Tokyo auto show which the automaker claims will preview a shift toward EVs. At the show, Lexus will "debut its next-generation battery electric vehicle concept model lineup, with the aim of transforming into a battery electric vehicle brand by 2035," according to a press release from Lexus parent... Lexus concepts preview transformation “into a battery EV brand”
Lexus will unveil multiple concept cars at the 2023 Tokyo auto show which the automaker claims will preview a shift toward EVs. At the show, Lexus will "debut its next-generation battery electric vehicle concept model lineup, with the aim of transforming into a battery electric vehicle brand by 2035," according to a press release from Lexus parent... 
Kia on Thursday hosted its first Kia EV Day outside of Seoul, where the South Korean company shared specifications on its EV5 electric compact crossover, which was revealed in August, and unveiled two electric concept vehicles. All three vehicles will make it to production, and they are intended to make Kia electric vehicles accessible to more... 
The effects of the Biden administration’s Inflation Reduction Act can already be seen in various ways in the EV market. And one of them, recent data suggests, is an abrupt uptick this year in the portion of EVs leased rather than bought. While the IRA re-upped the federal EV tax credit of up to $7,500 for qualifying vehicles, it established... 
Provisions of the Inflation Reduction Act (IRA) could more than double U.S. EV sales compared to previous projections, according to new analysis from S&P Global Mobility. A pre-IRA forecast saw two million U.S. EV sale by 2030. Now, with IRA-influenced trends like greater automaker investment in EV manufacturing, as well as a revamped federal... 