Used EV prices have plummeted, now stand below ICE prices

Report: Kia EV3 may be made in Mexico to hit $30,000 price

Kia EV3The Kia EV3 electric SUV could be assembled in Mexico for the U.S. market, a move that could allow it to be eligible for a federal tax credit and hit a $30,000 price point, reports Korean Car Blog (via Electrek). "Kia is developing a distinct North American model" of the EV3, to be built at the automaker's factory in Monterey, Mexico, starting...

Out of charge: Fisker files for bankruptcy, again

2023 Fisker OceanFisker filed for bankruptcy protection in Delaware The startup automaker estimates liabilities between $100 million and $500 million Fisker halted production with contract Magna Steyr in March Electric vehicle manufacturer Fisker on Monday filed for bankruptcy after the company failed to secure new investment to help get production of its Ocean...

China EV registrations in W24: Xiaomi 2,500, Nio 3,400, Tesla 11,700, BYD 57,200

In week 24 of the year (June 10 – 16), the China EV market had mixed signals. Xiaomi sales increased by 20% compared with the week before, BYD was also up nearly 10%. Tesla was down 3%, as well as Nio, which was down 3%. Li Auto publishes the weekly sales data, which resumed publishing […]

The post China EV registrations in W24: Xiaomi 2,500, Nio 3,400, Tesla 11,700, BYD 57,200 appeared first on CarNewsChina.com.

Used EV prices have plummeted, now stand below ICE prices

2020 Jaguar I-PaceAverage used EV prices fell below average prices for used gasoline cars in February, and have continued to decrease since then, according to iSeeCars. Used EV prices stabilized in 2023, after roughly two years of surges, but they've fallen significantly so far this year, iSeeCars found in an analysis released earlier this month. That trend is...