All of Tesla’s passenger EVs are eligible for the new lease buyout option.
Month: November 2024
BMW to open EV battery recycling center in Bavaria
The BMW Group is building a Cell Recycling Competence Center (CRCC) for battery cells in Kirchroth, in the Straubing-Bogen district of Lower Bavaria, where it will implement a process referred to as “direct recycling”. This innovative procedure enables…
Stellantis shut downs plant as it invests in EVs
Stellantis recently announced plans to shut down its Vauxhall van factory in southern England. The legacy automaker is consolidating production in Britain as it invests more in electric vehicle (EV) production. Stellantis’ decision to shut down its Vauxhall van factory puts over 1,000 jobs at risk. However, it argues that jobs from Luton in southern […]
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Mahindra Launches BE 6e And XEV 9e Electric Coupe SUVs In India
Mahindra has rewritten the rules of electric mobility in India with the launch of its flagship electric coupe SUVs, the BE 6e and XEV 9e. They are built on its new electric origin architecture INGLO and are powered by MAIA (Mahindra Artifici…
Ludicrous Feed: 2025 Chery Omoda E5 comparison between BX & EX variants and BYD Atto 3
We ask the question whether it’s worth $3000 to upgrade from the entry level BX trim to the top EX variant in the 2025 Chery Omoda E5.
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Ford faces backlash from IG Metall for job cuts
Ford is facing backlash from German union IG Metall for its plans to cut thousands of jobs in Cologne. The US automaker has restructuring plans in the production site in Cologne. On November 20, Ford announced it would cut about 14% of its European workforce. It cited weak demand for electric vehicles (EVs), poor government […]
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UK reconsiders EV sales targets, listening to automakers
The United Kingdom (UK) is reconsidering its electric vehicle (EV) sales targets after listening to automakers’ warnings. According to the British government, its Zero Emission Vehicle (ZEV) mandates will be under consultation. In January 2024, the UK government published its pathway for zero-emission vehicle transition by 2035. The ZEV mandate aims to make 80% of […]
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Volkswagen reevaluates ‘direct to customer’ approach
Volkswagen Group is reevaluating its direct-to-customer approach. The German automaker recently informed retail partners in select European markets that it plans to initiate a joint review of its sales models. In a press release, Volkswagen stated that the direct-to-customer approach remains its long-term goal. However, it also acknowledged that its sales model may require some […]
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Lucid’s Peter Rawlinson makes Automotive News’ 2024 All-Stars
Lucid CEO and Chief Technology Officer Peter Rawlinson is one of Automotive News’ 2024 All-Stars. In September, Automotive News interviewed Rawlinson, who talked about what makes Lucid different from other electric vehicles on the market. “We have the longest-range cars, but there’s something much more important than that. It’s how we achieve it. We achieve […]
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Tesla introduces end-of-lease buyouts for Model S3XY and Cybertruck
Tesla has announced that it is now offering a lease buyout option for customers. As per the electric vehicle maker on its official website, all leased Cybertruck, Model S, Model 3, Model X, and Model Y are eligible for purchase starting November 27, 2024. Third-party dealerships are eligible to purchase leased vehicles as well. Prior […]
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