Hyundai, a leading automobile manufacturer, has taken a unique approach to make their electric vehicles (EVs) more competitive despite not qualifying for the federal government's $7,500 EV tax credit. The company has decided to lower the price of many of its EVs by that exact figure, offering cash bonuses as high as $7,500 to potential buyers in the U.S. This significant move … [Read more...] about Hyundai Offers Cash Bonuses to Make Electric Vehicles More Competitive
EVs
Concerns Surrounding Electric Vehicle Sales in the U.S.
According to data provider Cox Automotive, sales of electric vehicles (EVs) in the United States continue to break records. However, there are some worrisome trends that investors and auto makers should take note of. Updated Forecasts Cox Automotive recently updated its forecasts for the U.S. automotive market. Initially estimated at 14.1 million units, sales of new cars are … [Read more...] about Concerns Surrounding Electric Vehicle Sales in the U.S.
Tesla’s Price Cuts to Continue in 2024, Says Goldman Sachs
Goldman Sachs analysts have predicted that Tesla's ongoing series of price cuts for its electric vehicles (EVs) will put further pressure on the company's margins in the coming year, according to a research note by Goldman's Mark Delaney. While the price reductions for Tesla's Model S and Model X cars will impact earnings this year, there will only be a partial offset from … [Read more...] about Tesla’s Price Cuts to Continue in 2024, Says Goldman Sachs
