Skip to main content

As auto costs rise, will the US miss the golden age of electric vehicles?

Shifting demands and political ideology have left the industry vulnerable to global competition from cheap Chinese cars

Earlier this month, an intriguing new Detroit-based electric vehicle startup hit the market – Slate Auto, a Jeff Bezos-backed venture offering something US buyers rarely see these days – a pick up truck billed as “affordable”.

Its base price is $24,950, making it one of the lowest-cost autos in the US market and close to half the price of the average new vehicle. But as the US contends with sharply rising auto costs, even Slate may be getting left behind in the global electric vehicle (EV) transition. The global EV industry is entering a golden age powered by cheap Chinese cars that can be bought for as little as $10,000.

Continue reading...

Comments

Popular posts from this blog

The car made pedestrians second-class citizens. Don’t let driverless vehicles push us off the road altogether | Adam Tranter

If we want autonomous tech to succeed it must be designed to share space with us, rather than forcing us to adapt to it Adam Tranter is the co-host of the Streets Ahead podcast. He was formerly West Midlands cycling and walking commissioner under mayor Andy Street This week, the UK government announced its plans to fast-track driverless vehicle trials in the UK. One of the key companies involved noted that London presents a significant challenge: “It has seven times more jaywalkers than San Francisco.” There’s more than one problem with that statement – and it encapsulates so much of what’s already going wrong in the adoption of driverless cars. For a start, “jaywalking” isn’t even a thing in the UK. We thankfully have no such concept or offence. Unlike in many US cities, pedestrians here are free to cross the road wherever they see fit. And thank goodness for that. Adam Tranter is the co-host of the Streets Ahead podcast. He was formerly West Midlands cycling and walking co...

EU carmakers pave way for Chinese rivals as balance in market shifts

Many European motoring manufacturers are in retreat with plants to off–load – while China’s industry is on the march Chinese carmaker Xpeng is on the hunt for a factory in Europe. Volkswagen is aiming to reduce the number of its factories. It seems like it should have been the perfect set-up for a deal. Yet there was one problem with the plant on offer, according to Elvis Cheng, Xpeng’s managing director of north-eastern Europe: “It’s a little bit, I would say, old.” Continue reading...

Nissan open to making cars for Chinese partner in Sunderland, says CEO

Ivan Espinosa says UK plant will not be hit by cost cuts as Japanese firm reveals seven factories to close Business live – latest updates Nissan’s new chief executive has said the Japanese carmaker would be open to building cars for a Chinese partner at its factory in Sunderland as he confirmed it would not be closed in a round of deep cost cuts. This week Nissan revealed plans to close seven factories and cut 20,000 jobs after sustaining heavy losses. Continue reading...