Automakers betting on new EVs — despite sales downturn: ‘Market is going to come back’

Automakers betting on new EVs — despite sales downturn: ‘Market is going to come back’

Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging consumer demand and a sharp downturn in sales after Washington eliminated a $7,500 EV tax credit. Kia said it would begin selling its lower-priced EV3 in the United States later this year, while Subaru offered a new three-row EV named … Read more

This Batmobile-like Rimac Nevera electric car hits 256 mph — and costs $2.5M

This Batmobile-like Rimac Nevera electric car hits 256 mph — and costs .5M

The fastest electric vehicle in the world is speeding into the Big Apple. With a top speed of 256 mph, the Rimac Nevera is headed from its birthplace in Croatia to center stage at the New York Auto Show. The hypercar, which retails for $2.5 million, is made by Rimac Automobili. The one at the … Read more