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Ford Motor Co., General Motors, and Rivian recently issued recalls that affect nearly 400,000 U.S. vehicles, reports the NHTSA.
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iSeeCars research finds prices of battery-electric vehicles (BEVs) rose 54.3%, while used internal-combustion-engine (ICE) vehicle prices rose 10.1%.
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Reaching the Biden Administration’s goal of 50% of U.S. new vehicle sales being BEVs by 2030 is unlikely, says Jack Hollis of Toyota in a webinar.
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Tesla faces new competition as new electric vehicle manufacturers come onto the scene.
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The automaker’s new vehicle registrations grew 61% in the first half of the year to take the top spot among luxury automakers.
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Major automakers say the $430 billion bill approved Sunday by the U.S. Senate will put the brakes on achieving U.S. electric-vehicle adoption targets for 2030.
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But the automaker remains bullish that stronger results are possible in the second half of the year.
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The EV automaker appears positioned for another growth phase as long as the global economy stays strong, analysts say.
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One-quarter of Americans say they will consider an electric vehicle for their next vehicle.
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McLaren and Fisker have branded their auto finance ventures and have them supported by Chase.
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