More than half of all cars sold in Norway are now electric, claims new data from the country’s Road Federation. Reuters is reporting that, across 2020, EVs made up 54 percent of all new car sales, a figure that jumps even higher if you include...
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The Seattle-based startup Recurrent said today it has closed on $3.5 million in financing as it looks to become the Carfax for electric vehicle batteries. The battery system is arguably the most important part of any electric vehicle and as the market for used electric vehicles expands,...
It shouldn’t be surprising that America’s champion car salesman saw the pandemic as an opportunity.It didn’t look like one. With much of the nation in lockdown, millions suddenly jobless, car dealerships ordered shut, and sales plunging, the industry was not rife with optimism. But Ali...
Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 billion through its debut on Nasdaq on Thursday. The Beijing-based company is targeting a growing...
This is going to be the summer you get a great deal on a car. It just might be a wild ride to get you from the proverbial couch to signing on the dotted line. KPMG International analysts predict a 10% permanent reduction of the nearly 3 trillion road miles typically traveled every year in the...
Memorial Day weekend may be a great time to buy a car: 5 things to know before you shop around
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It will come as no surprise that the automobile market has not been spared from the economic damage caused by the coronavirus lockdown. U.S. car sales hit a 30-year low in April, with sales of new cars and trucks down 53% from the previous year, according to automotive research and information...
There are some people who know exactly what they want. An NB Mazda Miata, for example, is a perfectly fine car to lust for. Others, mainly Michiganders, have brand loyalty to some specific company, usually Chevy or Ford but also sometimes Buick. Others are happy to be able to afford whatever shit...
The rapid spread of the coronavirus pandemic has put a freeze on many in-person sales and transactions for goods and services, so in what might be a sign of the times for funding in the startup world, today a company in the UK that’s been building a portal to carry out car sales in the virtual...
Last month we reported about Tesla’s occasional practice of removing features like Autopilot and Ludicrous mode from used cars after they’d been purchased by people who bought the cars with those features enabled. While Tesla eventually restored the removed features to the subject of the...