The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
The discounts had an immediate impact on one of the largest fleet owners of Tesla vehicles, at least on paper.
In addition to Tesla’s commitment, General Motors, EVgo, Pilot, Hertz, and bp are expected to add 100,000 new EV chargers in the next two years.
The EV revolution is no longer coming; it’s here, with record highs for electrified vehicle sales and outlook. Get the full picture here.
With the growth of EV models and charging networks, whose connector equipment should become the standard? Will there ever be a one-size-fits-all EV plug-and-port like the common fuel pump nozzle?
In explaining strategy for his new all-electric subscription startup Autonomy, Painter shares which manufacturers are poised to win the EV race, why Fair failed, and how his large EV order holds clues for where EVs will grow and how they’re used.
The Ford F-150 Lightning, which just started deliveries to customers in March and is sold out, was the third most-shopped EV and the seventh overall among electrified vehicles.
Earnings fared even better, as Hertz posted $614 million in adjusted corporate EBITDA — its best performance in the first quarter since 2007.
Electric vehicle subscription company Autonomy is expanding into the San Diego area. The company says it offers a way to avoid currently high gas prices without the cost of EV ownership.
As part of its plan to add 100,000 Tesla vehicles to its fleet by the end of 2022, Hertz will be offering the Model Y SUV at select locations in April. The company has offered the Model 3s since October.
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