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☆ Ford to double F-150 hybrid pickup production as EV sales growth slows
▼ + stars: | 2023-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

In this article F Follow your favorite stocks CREATE FREE ACCOUNT2024 Ford F-150 PowerBoost Platinum hybrid FordDETROIT — Ford Motor plans to double production of a hybrid version of its F-150 pickup truck as the company grapples with slower-than-expected sales of its all-electric vehicles. Ford expects to increase sales of the V-6 hybrid model during the 2024 model year to roughly 20% in the U.S. The automaker declined to release specific production figures, but it likely equates to tens of thousands more of the hybrid vehicles. 2024 Ford F-150 Powerboost Platinum hybrid Ford"We are balancing growth, profitability and returns," Farley said during an earnings call. "I certainly think that hybrid, our PowerBoost hybrid, help folks transition into full electric," Emmert told CNBC.

Persons: Ford, Jim Farley, Farley, Kumar Galhotra, Ford Ford, John Emmert, Emmert Organizations: DETROIT, Ford Motor, Ford, U.S, United Auto Workers, General Motors, UAW, Detroit, Toyota Motor, CNBC Locations: North America

☆ 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.

☆ Toyota reveals two more electric cars for China
▼ + stars: | 2023-04-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Toyota displays a new concept electric car — developed jointly with BYD and FAW — at the Shanghai auto show in April 2023. CNBC | Evelyn ChengBEIJING — Toyota this week began taking orders for its first electric sedan in China, and announced two more models are set to come to the local market next year. The three cars are part of the Japanese car giant's bZ, or "beyond zero" lineup of battery-electric cars. Toyota, the world's largest automaker by vehicles sold, has been relatively cautious about investing in fully electric cars. The bZ sports car concept sedan is jointly developed by Toyota, BYD and Chinese state-owned FAW.

☆ The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers
▼ + stars: | 2023-04-16 | by ( Tim Mullaney | ) www.cnbc.com time to read: +9 min

And as the Biden administration pushes changes that seek to aggressively remake the car market in favor of EVs more quickly than previously anticipated. Tesla's lowest-priced model today is the Model 3 base MSRP of $41,990. There are also more financing options available in the auto loan market designed specifically for environmentally friendly cars. "There's nothing wrong with having a basic car as a first car. Tesla said its overall efforts have driven the cost of drive units, which include the car's electric motor, as low as $1,000.

☆ 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.

☆ Japan's Toyota hands St Petersburg plant over to Russian state
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

"Toyota's production site in St Petersburg has... been transferred to the state," Russia's Ministry of Industry and Trade said in a statement. The company said in September it had decided to stop vehicle production in Russia due to the interruption in supplies of key materials and parts. "Toyota confirms that it has concluded the transfer of its vehicle production plant to NAMI effective from March 31, 2023," Toyota said in a statement. Neither party disclosed a fee for the transaction, and Toyota declined to give any further details of the deal. NAMI, Russia's Central Automobile and Engine Research and Development Institute, has already taken plants from Renault and Nissan.

☆ 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.

☆ 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

☆ 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.

☆ Tesla's Model Y and Model 3 top-selling vehicles in California in 2022
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

Feb 8 (Reuters) - Tesla Inc's (TSLA.O) Model Y and Model 3 electric vehicles were the top-sellers in California last year, outselling Toyota Motor Corp's (7203.T) RAV4 and Camry models, according to an industry body report. It is the first time a Tesla model topped the annual sales list in California, a major vehicle market where one in five cars is electric. Austin, Texas-based Tesla sold 87,257 Model Y electric sport utility vehicles and 78,934 Model 3 electric sedans last year, while Toyota sold 59,794 units of its RAV4 SUV and 55,967 of its Camry sedans, the California New Car Dealers Association said in its report. In 2021, the Camry was the top-seller in California, followed by the Model Y, Honda's (7267.T) Civic and RAV4, and the Model 3. Last year, zero-emission vehicles accounted for 19% of all cars sold in California, which brought in 40% of all sales of electric vehicles, including hybrid vehicles, in the United States.

☆ 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.

☆ Toyota's new Prius has a little more MPG but lots more power
▼ + stars: | 2022-11-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —Toyota unveiled an all-new version of its famous Prius hybrid car Wednesday just ahead of the Los Angeles Auto Show. With its batteries fully charged, the new Prius Prime will go at least 50% farther without burning any gasoline as today’s Prius Prime does, according to Toyota. It will be able to produce up to 220 horsepower, 100 horsepower more than today’s Prius Prime. Almost every vehicle in Toyota’s line-up is now available with hybrid power. Along with the Prius, Toyota also unveiled the Toyota BZ Compact SUV concept.

☆ These 10 used cars have held their value the most
▼ + stars: | 2022-11-11 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

martin-dm | E+ | Getty ImagesSports cars, Jeep models among slowest to depreciateThe top three cars that have held the most value over the last five years are the Jeep Wrangler, which showed the least depreciation (7%), followed by the Jeep Wrangler Unlimited (8.7%) and the Porsche 911 (14.6%), according to the iSeeCars analysis. "The relative scarcity of late-model used cars due to pandemic-related new car production disruptions has kept used car values high for more than a year," said Karl Brauer, executive analyst for iSeeCars. The report also showed that some 3-year-old cars have held their values to the point that they sell for above their sticker price. Average new car price is up 8.4% from a year agoThe cost of new cars also has been climbing through the pandemic-induced inventory shortages. While increases are easing, new vehicle prices are 8.4% higher than they were a year ago, according to the inflation data.

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