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☆ Hybrids are more popular than ever as shoppers cool on EVs
▼ + stars: | 2024-03-13 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Fewer new-car shoppers are considering EVs for their next vehicle, according to JD Power, with shoppers citing a lack of access to charging infrastructure as a main reason for ruling out EVs. Brands that have leaned into hybrids saw better sales results in February. "Hybrids are just rockin,'" Toyota Motor North America's sales chief David Christ told Automotive News after it released its sales results last week. The Toyota RAV4 SUV is one of the more popular hybrids on dealer lots. Among American brands, Ford notched a 31.5% increase in hybrid sales, as these vehicles lured more new customers to the Blue Oval.

Persons: —, Power, David Christ, Ford, Jim Baumbick Organizations: Service, Tesla, Business, Brands, Toyota, Automotive, Blue, Ford

☆ Buying a new car could cost you $7,600 a year on top of the sticker price, nearly double a decade ago
▼ + stars: | 2024-03-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

EdmundsThe total cost of a new F-150 over five years, including the $36,400 additional costs on top of the $48,100 sticker price, is about $85,000. That would make the total cost of the car about $91,000, including the original purchase. EdmundsThe total cost for gas and hybrid Rav4s would be about $64,300 over five years, including the original purchase price of about $35,000. Both models also have much lower depreciation than the F-150 and the Model Y, dropping about $12,300 in value over five years. AdvertisementIt's important to consider the total cost of ownership when selecting a new vehicle, which can be thousands more out of your pocket every year.

Persons: —, That's, Edmunds Organizations: Service, Business, Ford, Toyota, Tesla Locations: Edmunds

☆ UAW aims to organize 13 nonunion automakers
▼ + stars: | 2023-11-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —The United Auto Workers union says it has started an effort to organize workers at 13 non-union automakers with US factories. The union said there are about 150,000 employees at 36 nonunion auto plants operated by the companies it is targeting in this campaign. That is slightly more than the union’s representation at the three unionized automakers, which have about 145,000 UAW members between them. But if a union organizing campaign is successful, the union will be made up of workers from the company. The union has filed complaints accusing many of the automakers of unfair labor practices during those earlier organizing efforts.

Persons: Jeff Allen, “ We’ve, ”, Allen, we’ve, “, Shawn Fain, ” Fain Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volkswagen, Volvo, Toyota Camry, Lexus, UAW, Workers, Tesla Locations: New York, Georgetown , Kentucky, America, Volkswagen’s, Chattanooga , Tennessee, Canton , Mississippi, Smyrna , Tennessee

Over the years these cars have gotten bigger and so has their cost to the climate, as carbon dioxide emissions “are almost directly proportional to fuel use” for gas-powered cars. Since then, he has owned several pure-electric cars, and currently owns both a Genesis GV60 electric SUV and a Tesla Model 3. Meanwhile, smaller vehicles, or sedans, have lost a lot of ground in the U.S. market over the past decade. But even the most efficient SUVs will be less efficient than sedans because SUVs weigh so much more. See more about AP’s climate initiative here.

Persons: it's, George Parrott, ”, Parrott, Eric Frehsée, Loren McDonald, ” McDonald, John Organizations: Global, Initiative, International Energy Agency, Transportation, Toyota, Tesla, EV, U.S, Tamaroff, Chevrolet Tahoe, Toyota Sequoia, Nissan, Honda, U.S . Department of Transportation, Environmental Protection Agency, National, Traffic Safety Administration, AP Locations: West Sacramento , California, Sacramento, U.S, Edmunds, Michigan, Press

☆ Ram made an electric truck with a generator for people who aren't ready to give up gas convenience
▼ + stars: | 2023-11-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

The 2025 Ram 1500 Ramcharger is a new electric truck... kind of. The 2025 Ram 1500 Ramcharger. StellantisRam's answer to those anxieties is the 2025 Ram 1500 Ramcharger, an electric truck with a range-extending gasoline generator. The 2025 Ram 1500 Ramcharger. The 2025 Ram 1500 Ramcharger.

Persons: Ramcharger, —, Rivian, Tesla, Stellantis, Ram Organizations: Service, Tesla, Toyota RAV4 Prime, Chevrolet, Ford, General Motors

She started investing early, and increased her rate of investment after learning about FIRE. And these accounts are separate from Pham's husband — together their estimated net worth is just under $2 million. And when it feels easier to just spend freely, tracking her net worth has helped keep her focused. "That gives us another safety net," Pham says, noting the pension as an added benefit to working in public service. "By then, we should have at least $2 million in net worth.

Persons: Mia Pham, —, Pham, haven't, they've, Roth, maxing, doesn't, it's, they're Organizations: Service, Roth IRA, Toyota Locations: San Diego —, San Diego

☆ Auto loans are super expensive. Here’s how to shrink your monthly bill
▼ + stars: | 2023-10-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

In fact, auto loan interest rates are the highest they’ve been since 2007, when the world was heading into a massive financial crisis. More than 70% of buyers of new large SUVs now have monthly payments over $1,000. Keep it shortPeople often try to reduce their monthly payments by taking out longer loans. Spreading the payments over more years can keep the monthly amount lower, but it means you’re paying more in interest. Leasing is another way to keep monthly payments down.

Persons: It’s, ”, Kevin Roberts, you’re, Roberts, that’s, Ivan Drury, Edmunds, Matt Jones, Courtney Alev, Joseph Yoon, TrueCar’s Jones, Jones, “, CarGurus ’ Roberts, Tyson Jominy Organizations: New, New York CNN, Credit Karma, Leasing, “ Leasing, Edmunds, Toyota, Power, Associates Locations: New York, Edmunds, TrueCar.com, Cross, Boston, New York City

☆ You may never need to plug in your electric car again. Here's how.
▼ + stars: | 2023-07-01 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

Some startups are convinced that EV charging needs a fundamental overhaul. Battery swapping and wireless EV charging could someday make owning an EV way more convenient. Quick, convenient, and cheap battery swapping will be key for getting everyone else on board, John de Souza, Ample's cofounder and president, told Insider. He added that even at highway speeds, Electreon's roads can keep a vehicle's battery topped up indefinitely. "We need all the solutions together in order to accelerate the adoption of electric vehicles," he said.

Persons: Long, John de Souza, Ample's, de Souza, Electreon, Oren Ezer, Ezer Organizations: Toyota Locations: Francisco, California, Europe

☆ A Toyota EV drove 1,200 miles without stopping to charge thanks to electric roads with wireless charging
▼ + stars: | 2023-06-01 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

An innovative wireless charging system embedded under the asphalt. To demonstrate the tech's potential, Electreon drove an electric Toyota for 1,206 miles straight on a test track that had its wireless charging coils embedded under the asphalt. The impressive feat shows how wireless charging can revolutionize EV ownership, Oren Ezer, Electreon's CEO and cofounder, told Insider. But Ezer thinks wireless electric roads could work wonders for personal EV ownership, too. The firm plans to open a mile-long stretch of electric road in Detroit.

Persons: Electreon, Oren Ezer, Rav4, Ezer, EVs Organizations: Toyota, EV, — Locations: Germany, Detroit

☆ Automakers and dealers are playing a game of chicken — and customers could be the winners
▼ + stars: | 2023-05-14 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +4 min

Automakers and dealers have kept prices high and inventory low for years. Automakers and dealers are playing a game of chicken over how much a car should cost right now — and customers might come out the winners. Higher interest rates make everything more painfulMeanwhile, dealers are spending more to keep cars sitting. To make matters worse for dealers: Without discounts to ease rising interest rates, more customers are delaying their purchases and hoping to wait out the interest rates. If and when car companies start spending more on incentives, they are likely to target interest rates, Caldwell said.

☆ Electric cars could cost the same as gas-powered ones as soon as 2025 — so long as you buy small
▼ + stars: | 2023-04-28 | by ( Alexa St. John | ) www.businessinsider.com time to read: +2 min

Electric cars could cost the same as gas-powered ones as early as the mid-2020s. That's only if shoppers go small, according to new analysis from the International Energy Agency. It's as long as shoppers buy small, according to the International Energy Agency's latest global EV outlook. Still, the average new EV cost $58,940 in March, according to Kelley Blue Book, while the average new gas-powered car went for $48,008. Bigger battery-powered vehicles have batteries that are two- to three-times larger than small cars, according to the IEA, which requires more critical minerals that are costly.

☆ Every Generations' Favorite Car: Ford F-150, Toyota Camry, Honda Civic
▼ + stars: | 2023-04-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: 1 min

Gen X (45 to 54 years old): Chevrolet Silverado2021 Chevrolet Silverado. ChevroletAfter the Silverado, the top cars for Gen X between the ages of 45 and 54 years old were the Ford F-Series, Ram, Toyota RAV4, and Tesla Model Y.

☆ Thieves can steal a car in minutes by hacking it through its headlights with devices sold online, experts warn
▼ + stars: | 2023-04-24 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +4 min

Emergency start devices sold online starting at $1,600 can hack into a car through its wire network. The easiest access to car wires is through the headlights, car security experts say. "Normally, the wake-up message happens when you've pressed your car key. The hacking device sends a message to the car's front network — a car has many networks for logistic reasons — pretending to be the key. To study the hacking system, Tindell and Tabor purchased a similar hacking device online and reverse-engineered it.

☆ Some cars, including the Toyota Corolla and Ford Bronco, are worth up to $8,000 more used than if they were new
▼ + stars: | 2023-04-11 | by ( Alexa St. John | Tim Levin | ) www.businessinsider.com time to read: +4 min

But there are 14 used cars that cost more than their new versions, per a new iSeeCars analysis. A lightly used Toyota Sienna or Kia Carnival could cost thousands more than they do new. ToyotaToyota Corolla HybridUsed price: $27,809Difference used over new: $2,038Toyota SiennaUsed price: $50,978Difference used over new: $1,806The 2022 Toyota RAV4 Prime XSE. Tim Levin/InsiderToyota RAV4 PrimeUsed price: $51,298Difference used over new: $1,726Toyota Corolla CrossUsed price: $30,636Difference used over new: $853The Kia Carnival. HondaHonda Accord HybridUsed price: $34,704Difference used over new: $152Chevrolet CorvetteUsed price: $84,827Difference used over new: $324Kia RioUsed price: $20,135Difference used over new: $27Honda AccordUsed price: $30,404Difference used over new: $16

☆ Toyota to launch 10 new battery EV models by 2026, executive says
▼ + stars: | 2023-04-07 | by ( ) www.cnbc.com time to read: 1 min

A Toyota RAV4 Prime electric car is recharged October 3, 2022 at a charging station at the town hall in Charlotte, Vermont. Toyota Motor Corp aims to introduce 10 new battery electric vehicle models by 2026, a senior executive said on Friday, as the Japanese automaker looks to catch up in electric vehicles. Toyota will also set up a new, specialised unit to focus on battery EVs and is targeting annual production of 1.5 million battery-powered cars by 2026, Hiroki Nakajima, the company's chief technology officer, said at a briefing. The automaker, the world's largest by sales, has pushed back against criticism it has been too slow to embrace battery-powered vehicles. Toyota argues that a mix of options - including gasoline-electric hybrids, makes more sense for its global customer base.

☆ Americans love to buy more car than they need. It's making electric cars more expensive.
▼ + stars: | 2023-03-30 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

But Americans love SUVs and trucks, and they're going to have to pay for them in the near term. A lot of prospective EV buyers just haven't yet found the types of EVs they're looking for. They don't necessarily need more luxury electric sedans — they want the trucks and SUVs they're used to. A recent study found most car-buyers don't want to spend more than $50,000 to go EV, but they also want electric trucks and SUVs that inherently cost more. Bigger vehicles are often just more expensive, largely because they require bigger batteries — the most expensive part of these new EVs.

☆ The US is bleeding tech workers to other countries — it needs to move fast or risk falling behind.
▼ + stars: | 2023-03-23 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

The US is losing tech workers to other countries. And so, many tech workers are opting to move and work there instead of the US. Plus, many of these countries are making their immigration systems easier for tech workers. My teammates Emilia David and Paayal Zaveri break down how the US is on the brink of losing an entire generation of tech workers. And it showed that Boomers and Gen Z both love many of the same cars, including the Toyota RAV4.

☆ Gen Z's top car is a Toyota Camry and Boomers love the RAV4. Here's every generation's favorite ride.
▼ + stars: | 2023-03-23 | by ( Alexa St. John | ) www.businessinsider.com time to read: 1 min

☆ Toyota unveils new Grand Highlander, expanding hybrid crossover lineup
▼ + stars: | 2023-02-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

In this article 7203.T-JP Follow your favorite stocks CREATE FREE ACCOUNT2024 Toyota Grand Highlander ToyotaCHICAGO — Toyota Motor is expanding its segment-leading, three-row crossover lineup with the new 2024 Grand Highlander, including two gas-powered hybrid offerings. The automaker revealed the vehicle as a bigger sibling to the Toyota Highlander midsize SUV/crossover on Wednesday night. The Grand Highlander adds to the growing three-row midsize crossover segment in the U.S., which has expanded from 12 nameplates in 2018 to 16 vehicles for 2023, including the Grand Highlander, Edmunds reports. 2024 Toyota Grand Highlander ToyotaThe Grand Highlander was revealed in connection to this week's Chicago Auto Show. 2024 Toyota Grand Highlander ToyotaToyota says the Grand Highlander will offer a suite of active safety and convenience features as well as 13 cupholders and seven USB-C charge ports across the vehicle's three rows.

☆ Electric cars are too expensive because Americans insist on having more car than they need
▼ + stars: | 2023-02-02 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

☆ Tesla has growing competition in China — these are the most popular electric SUVs challenging Elon Musk in the crucial market
▼ + stars: | 2023-01-31 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

(Note: Since China considers both electric and plug-in hybrid vehicles as "new energy vehicles," this ranking includes both types of EVs.) BYD SongThe BYD Song Plus DM-i plug-in hybrid. The BYD Song Plus DM-i plug-in hybrid. BYD Yuan PlusThe BYD Yuan Plus. BYD TangThe BYD Tang electric SUV.

☆ More than 20 people, including 3 children, injured after car crashes into NYC sports bar
▼ + stars: | 2023-01-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +1 min

At least 23 people, including three children, were injured after an SUV operating as an Uber crashed into a sports bar and restaurant in New York City Monday night, officials say. An SUV crashed into Inwood Bar & Grill in Manhattan, N.Y., on Jan. 2, 2023. This caused the 31-year-old male driver of the RAV4 to lose control of the car, mount the curb and crash into the Inwood Bar & Grill, police said. It was not immediately clear if there were passengers in Toyota RAV4, and Uber did not immediately respond to a request for comment. Nineteen people, including the driver of the RAV4, were taken to area hospitals while the others refused medical care.

☆ The Impossible Decisions That Faced Those Trapped in the Buffalo Blizzard
▼ + stars: | 2022-12-29 | by ( Douglas Belkin | ) www.wsj.com time to read: 1 min

On Friday afternoon, Abdul Sharifu left his house in Buffalo, N.Y., to go to the market to buy milk for his two young children. He hadn’t gotten far when his car got stuck in one of the deadliest blizzards in the history of the city. Mr. Sharifu, a 26-year-old refugee from Congo, sat in his Toyota RAV4 with a dwindling supply of gas in his tank and called a friend to explain his plight, said Erieckson Kiza, a leader in the Congolese community. Mr. Sharifu, clad only in a thin tracksuit, told the friend he feared he would freeze when his gas ran out and the heat cut off. Waiting at home for his return was his wife who was nine months pregnant.

☆ The Impossible Decisions That Faced Those Trapped in the Buffalo Storm
▼ + stars: | 2022-12-29 | by ( Douglas Belkin | ) www.wsj.com time to read: 1 min

☆ It took a full year, multiple calls to the dealership, and an angry tweet at Ford's CEO, to finally get my all-electric pickup truck delivered
▼ + stars: | 2022-12-12 | by ( George Pearkes | ) www.businessinsider.com time to read: +13 min

But the process of getting the truck was far from ideal — beset by production delays, missing parts, and unresponsive customer service. There are still a few kinks to be worked out before electric vehicles can dominate the US market — the road to an electrified American auto industry is going to be a bumpy one. For me, the most important driver for buying an electric vehicle was that it feels like a giant step toward a decarbonized future. While electric vehicles can borrow a lot of that institutional knowledge, new technology and business models mean there is still a way to go before everything is smooth sailing. Even without the prodding from the government, car companies have shown a keen interest in shifting their fleets toward electric vehicles for business reasons.

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