Some premium pure electric cars have slumped in value, according to Auto Trader. The Jaguar I-Pace crashed by 15.6 per cent year on year (YoY) and dropped by 4.1 per cent between December 2022 and January 2023. The average asking price of the Austrian-made Jaguar was £48,613 last month. Other premium second-hand EVs also slipped further in January, including the Tesla Model S (down six per cent … [Read more...]
EU Automotive trails rest of the world, warns boss
Ahead of the unveiling of the Green Deal Industry Plan, Luca de Meo, President of the European Automobile Manufacturers’ Association and Renault Group CEO, is urged EU leaders to put in place an ambitious and structured automotive industrial policy, to rival those of other world regions. Concerned about the EU industry’s eroding competitiveness on the global stage, Mr de Meo (above) made this … [Read more...]
Take the chill off EV driving
If you have an electric vehicle it’s really important to make sure you keep your vehicle charged and allow more time for charging on the cold winter days, said the co-founder of Elmodrive.com, Olly Jones. Batteries work slower in colder weather and so when the temperature drops you need to make sure you’re keeping your vehicle as charged as possible, around 40-80% is ideal. If you have the … [Read more...]
UK Automotive crashes to 66 year low
UK car production last year fell to its lowest level since 1956, according to annual statistics from the Society of Motor Manufacturers and Traders. It said a total of 775,014 cars were built in 2022 – a 9.8 per cent slump on the 859,575 made during the previous year, when the recession and pandemic were still gripping businesses. The industry blamed the global shortage of semiconductors and … [Read more...]
Newslines 27 January: Ford to make big job cuts
A massive jobs cull in Germany and other European countries is expected by the union representing Ford workers. Some positions are expected to be axed in the UK as well while the US car maker transitions towards a fully electric range from 2025, initially slashing over 3,200 jobs in Ford of Europe, and realigning with R&D in America. Bentley Motors announced a recruitment drive creating 200 … [Read more...]
Toyota sweep all before them on Monte opener
Toyota Gazoo Racing World Rally Team started the 2023 FIA World Rally Championship with a one-two finish on Rallye Monte-Carlo as Sébastien Ogier claimed a record ninth victory on the event ahead of team-mate Kalle Rovanperä. Mostly dry weather made this year’s rally – the opening round of the 2023 World Rally Championship – more a test of outright performance than usual. Ogier (below) set the … [Read more...]
The shock of ev prices falling after Tesla cut
Over priced electric cars are seeing values collapse. Electric car drivers need to protect themselves from volatility in the used car market, following Tesla’s dramatic decision last week to slash the prices of its two best selling cars, the Model 3 and Model Y, by up to £8,000. Steve Tigar, CEO and Founder of loveelectric, said cuts on this scale could undermine the value of secondhand cars, … [Read more...]
Tradelines 25 January: Make or break year for EVs
It could be a make or break year for smaller ev makers, reports Reuters UK. Tesla's 20% price cut worldwide last week has led to surge in demand from its German factory supplying Europe but at the same time put pressure on main rivals to reduce prices while some ev startups may be unable to match them and risk losing investments and sales, or worst still, seeing them go out of business. The … [Read more...]
Hang on, here’s power from above
A new era for the trolley bus and truck could be around the corner. Hofer powertrain, a development and technology partner of the global automotive industry, unveiled a new megawatt charging concept unlocking a whole new dimension of efficiency compared to the present megawatt charging infrastructure. The approach makes e-trucks long-haul capable while ensuring 100 % fleet availability, takes … [Read more...]
110 not out for Aston Martin this year
The past, present and future of Aston Martin is to be honoured through a year-long celebration of the iconic British brand’s 110th anniversary. Sunday 15 January marked 110 years since founders Lionel Martin and Robert Bamford officially formed the partnership that went on to create the first Aston Martin car, igniting more than a century of automotive intensity, cutting-edge British innovation, … [Read more...]
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