It looks like the Joe Biden administration’s Department of Energy (DOE) is in a hurry: It just finalized a $1.25 billion loan to EVgo, the U.S. operator of electric vehicle (EV) charge points, for the construction of 7,500 new fast-charging stalls nationwide. The announcement comes just as the incoming administration of President-elect Donald Trump has … Read more
We’re officially into the traditional year-end sales period for automakers. That means big discounts are on the way, as both manufacturers and dealerships want to get rid of unsold inventory to make room for next year’s models. This season, Ford has decided to boost incentives on its bestselling electric vehicles, the 2024 F-150 Lightning and Mustang … Read more
Sales of electric vehicles (EVs) have slowed globally over the past few years. But should EV makers focus more and more to cater to the mainstream, it’s likely that 57% of drivers will have an EV in 10 years, consulting firm Accenture says. Last year, nearly 14 million of EVs were sold globally, representing a … Read more
Hyundai is on a roll. In October, the South Korean manufacturer posted its best U.S. sales ever, largely driven by sales of its popular Ioniq 5 electric SUV. Now, all eyes are on the Ioniq 5’s 2025 model, which is set to become available at dealerships before year-end. As Digital Trends previously reported, the crossover … Read more
