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EV prices dropped by nearly 13% year-over-year in February, led in part by Tesla Model 3 and Model Y price drops, reports Kelley Blue Book. According to newly revised EV transaction price data, the average price paid for an EV in February was $52,314, down from a revised $54,863 in January, according to Cox Automotive and Kelley Blue Book estimates. EV transaction prices in February were lower year-over-year by 12.8%, an accelerating decline compared to January, when prices were lower year-over-year…

Apple’s iPhone sales in China aren’t looking too cheery for the first six weeks of 2024, with an estimated 24% drop year-over-year.This report comes from research firm Counterpoint, whose findings show Apple faces tighter competition from Chinese brands such as Huawei in the country. For comparison, Huawei’s sales growth for the same period compared to 2023 is up 64% thanks to the new Huawei Mate 60 series of smartphones. The sales decline has affected the overall smartphone market in China, with a 7% total decline…

EVs, PHEVs, and hybrids made up 16.3% of total light-duty vehicle (LDV) sales in the US in 2023 – Tesla’s price cuts were a big reason. The 2023 percentage is 3.4% higher than in 2022, when hybrid, plug-in hybrid, and BEV sales made up 12.9% of total sales. The second half of 2023 saw the highest share of hybrids, plug-in hybrids, and BEVs of total LDV sales at 17.9%. The US Energy Information Administration (EIA) points out that 2023 sales of hybrid and EVs rose as the number of BEV model…

Year-to-date US EV sales have surpassed 1 million – the first time EV sales exceeded that threshold in a single sales year. The National Automobile Dealer Association (NADA) reports that through 11 months of 2023, BEV sales totaled 1,007,984 – an increase of 50.7% year-over-year. Screenshot source: LinkedIn BloombergNEF also published its annual Zero-Emission Vehicles Factbook today that it specially prepared in time for COP28 in Dubai. The report’s bottom line is that despite concerns…

Home prices fell from a year earlier in May for the second straight month, as elevated mortgage rates and high prices sidelined buyers. Home prices fell from a year earlier in May for the second straight month, as elevated mortgage rates and high prices sidelined buyers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to…

Tesla CEO Elon Musk attends the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, is producing the Model Y as well as electric car batteries.Christian Marquardt - Pool/Getty ImagesShares of electric vehicle manufacturer Tesla fell around 7% on Thursday, a day after the company reported a more than 20% drop in both net income and GAAP earnings compared to the year-ago quarter.Tesla reported net…

'Made in India' smartphone shipments grew 7% year-over-year (YOY) in the first quarter of 2022 to reach over 48 million units, says a new report.According to market research firm Counterpoint, the local smartphone manufacturing ecosystem stayed resilient amid global component shortages."Smartphone manufacturing is increasing in India. In 2021, the shipments of 'Made in India' smartphones crossed 190 million units," Prachir Singh, Senior Research Analyst, said in a statement."The increasing smartphone demand in India, as…