lowercost

Audi is joining the race as automakers gear up to introduce new, lower-cost EV models. The new entry-level EV will sit below the Q4 e-tron, which starts at just over $50,000. Audi plots a new lower-cost EV, an electric A3 or Q3 After unveiling the new Q6 e-tron this week, its next-gen premium mid-size electric SUV, Audi, is planning a smaller, lower-cost EV. The Q6 e-tron is the “start of an extensive product initiative,” according to CEO Gernot Döllner. “Despite the recent public debate, there…

BYD is leading an offensive against ICE vehicles. A new report claims BYD’s new EV platform will slash costs even further as the automaker kicks off a “liberation battle” against gas-powered cars. Best known for its low-cost EVs, such as the Dolphin, Atto 3, and sleek Seal sedan, BYD is taking its game up a notch in 2024. After surpassing Tesla to become the largest EV maker globally in the last three months of 2023, BYD says Tesla is not the competition. It’s gas-powered cars. BYD launched a…

For years, the US electric motorcycle market was dominated by $20,000+ flagship models. While those bikes are still leading the pack, a new wave of lower-cost commuter electric motorcycles has expanded the market’s reach. The latest such bike, the Ryvid Anthem, has recently expanded its deliveries after production began earlier this year. And with a price tag under half of the major flagship electric models, it’s opening the door to more riders than ever before. After its announcement and unveiling…

Updated Nov. 8, 2023 3:43 pm ETAmazon.comis turning to Prime members to bolster its healthcare business, an industry where the company has sought to expand for years. The tech giant on Wednesday revealed plans to offer its millions of Amazon Prime subscribers a low-cost annual membership to One Medical, the primary-care business Amazon purchased for $3.9 billion earlier this year. Amazon says Prime subscribers can now become One Medical members for $9 a month, or $99 a year. The typical cost to become a One Medical…

X Shore, a Swedish electric boat maker, has announced today the completion of an approximately SEK 300 million (US $30M) funding round as it sails toward expected profitability at some point in 2024. The investment round was led by SEB Investment Management AB, and was also supported by several existing and new shareholders. X Shore CEO Jenny Keisu commented: The X Shore mission is a crucial one – to lead the transition to electric vessels, in the process of decarbonizing an industry…

Lucid PureMeghan Reeder | CNBCLuxury electric vehicle maker Lucid Group on Tuesday revealed several new versions of its Air sedan – including its lowest-cost model yet.CEO Peter Rawlinson said in an interview with CNBC's Phil LeBeau the Lucid Air Pure will start at $87,400. An all-wheel drive version with 410 miles of range will ship by the end of this year, and a rear-wheel drive version will arrive in 2023.The company also announced the Lucid Air Touring, with all-wheel drive, 620 horsepower and an EPA-estimated 425…

In the race to build a more affordable electric car, auto makers are turning to a lower-cost battery type that could lead to less-expensive options, but deliver less driving range.Several major car companies plan to deploy lithium-iron-phosphate batteries, known as LFP, a type commonly used in China, the world’s largest market for electric cars. Those iron-based battery cells cost less than the nickel-and-cobalt combination used widely in North America and Europe.…

Kawasaki may have taken its sweet time to get into the electric motorcycle game, but the company appears to be making up for lost years. New VIN filings in the US point to two electric motorcycles that could be unveiled later this year. The VIN filings list two previously unseen models with VIN codes that generally refer to Kawasaki’s sportbikes and roadsters. More information available with the filings, which were uncovered by Motorcycle.com, shed light on the powertrain used in the two models. Both models are…