Electric vehicles (EVs) have been around for a while now. They are becoming more common on the roads, and the technology is improving. Charging is faster, batteries last longer, and prices are dropping. However, there's a catch: EVs lose value much quicker than gas-powered cars. On average, gas car
Jeep has just unveiled its new electric SUV, the Recon, priced at $65, 000. This vehicle has been in development for years, with its concept first introduced in 2021. Production is set to begin early next year at a plant in Mexico. The Recon sports Jeep's signature boxy design, removable doors, and
Jim Farley, the head of Ford, recently shared some surprising insights about electric vehicles (EVs). He admitted that after taking apart a Tesla Model 3, he was amazed by its design. The Tesla had much less electrical wiring than Ford's Mustang Mach-E, which made it lighter and more efficient. Far
Tesla's recent struggles are more than just a public spat between Elon Musk and Donald Trump. The company's financial health is deteriorating, and it might be back to losing money. This isn't just about Musk's political antics; there are deeper issues at play. Musk was once Trump's biggest financia
Elon Musk's recent decision to create a new political party has stirred up quite a storm. Tesla's stock took a nosedive, dropping by up to 7. 6% in early trading. This happened right after Musk announced his plans, which didn't sit well with former President Donald Trump. Trump wasn't shy about shar
In China, electric vehicles (EVs) are not just a trendy choice but a practical one. Drivers like Lu Yunfeng and Sun Jingguo prefer EVs because they are cost-effective and eco-friendly. This shift is not just about individual choices but about a national strategy. China, once known for its bicycles,
In China, a fierce price battle is unfolding in the electric vehicle (EV) market. The latest move came from BYD, a major player in the industry. They slashed prices on 22 of their electric and hybrid models. This bold move sent shockwaves through the market, causing the stock prices of several compe
Xiaomi is known for making budget-friendly smartphones and gadgets. But did you know they have made an electric car? It's called the Xiaomi SU7. It's not just any car. It's fast. Really fast. This car can go from zero to 100 kilometers per hour in just 2. 78 seconds. That's as quick as some o
Ford's EV journey has been quite the rollercoaster In 2024 the company faced an electrifying challenge. They lost big money in their electric vehicle division, nearly 5. 1 billion dollars, just short of their losses from 2024. Although the company's revenue from its gasoline cars helped to make u
Have you heard about the boom in China's electric vehicle (EV) market? Analysts are buzzing about its growth and potential. Vincent Sun, an expert from Morningstar, said that China is leading the world in EV sales, with a huge jump to 8 million units sold by the end of September. That's almost half
