NADA reports new vehicle sales were down on both a month-over-month and year-over-year basis. Projects production to increase in 2024. New light-vehicle sales cooled at the start of 2024 according to the National Automobile Dealers Association (NADA) Market Beat report. The January 2024 seasonally adjusted annual rate (SAAR) of 15.0 million units represents a decline […]
Automotive Recyclers Association Releases Battery Material Use Hierarchy
The Automotive Recyclers Association (ARA) published a Battery Material Use Hierarchy created in collaboration with the Argonne National Laboratory. The Hierarchy describes putting batteries to their highest and best use and highlights a preferred path of batteries after they have served their initial purpose. According to the association, encouraging and incentivizing the reuse, reconditioning, remanufacturing, […]
Toyota Announces $1.3 Billion Investment to Bring Battery Electric Vehicle Production to Kentucky
Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts including assembly of an all-new, three row battery electric SUV for the U.S. market. The project brings the plant’s total investment to nearly $10 billion and reinforces Toyota’s commitment to high-quality vehicles and long-term job stability. The investment supports the […]
University of Nebraska Crash Tests Raise Concerns About Highway Guard Rail Performance with Heavier Electric Vehicles
The Midwest Roadside Safety Facility at the University of Nebraska–Lincoln (UNL) has mobilized to answer the safety and military defense questions raised by the burgeoning number of electric vehicles on the nation’s roadways. In research sponsored by the U.S. Army Engineer Research and Development Center (ERDC), the Nebraska facility recently conducted a first-of-its-kind crash test […]
January Auto Sales Projected Up Over Last Year
While up over last year, S&P Global Mobility projects auto sales are expected to decelerate from the quickening realized in December. BEVs sales share projected at 8%. With volume for the month projected at 1.09 million units, January 2024 U.S. auto sales are estimated to translate to a seasonally adjusted annual rate (SAAR) sales pace […]
Ford Reducing F-150 Lightning Production, Increasing Capacity for Bronco and Ranger
Ford Motor Company announced plans to create nearly 900 new jobs as part of a new third crew at Michigan Assembly Plant in Wayne to meet demand for the popular Bronco and Bronco Raptor and the all-new Ranger and Ranger Raptor. Ford is reducing production of F-150 Lightning, the top-selling electric pickup in the U.S., […]
Americans Bought Nearly 1.2 Million Electric Vehicles in 2023
According to latest Kelley Blue Book data, EV sales were at record levels. A record-breaking nearly 1.2 million U.S. vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% share of the […]
Hertz to Reduce EV Fleet by 20,000 Vehicles on Soft Rental Demand and High Repair Costs
Hertz Global Holdings (NASDAQ: HTZ) announced today it will sell about 20,000 of the electric vehicles in its fleet. In an interview on CNBC today, Stephen Scherr, CEO of Hertz explained that the rental company was reducing its fleet due to lower demand for EV rentals and the higher costs associated with EV damage repairs. […]
Record 1.2 Million EVs Were Sold in the U.S. in 2023
Tesla captured 55% of the U.S. EV market last year. A record 1.2 million U.S. vehicle buyers chose to go electric last year, according to estimates from Kelley Blue Book, a Cox Automotive company. More specifically, 1,189,051 new electric vehicles (EVs) were put into service as the slow shift to an electrified future continued unabated. […]
Interest in EVs Increase for Next New Vehicle Purchase
J.D. Power reports mass market distribution strategies and infrastructure capacity to define EV adoption trends in 2024. According to the January J.D. Power E-Vision Intelligence Report consumer interest in EVs is surging as attention turns to the new year, and the success of the next phase of EV adoption, when EVs move from early adopter […]
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