Electric vehicle prices are tumbling. Here's the financial impact.
The average price of a new EV was $56,648 last month, down 15% from two years prior, according to Kelley Blue Book.
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The average price of a new EV was $56,648 last month, down 15% from two years prior, according to Kelley Blue Book.
A typical car buyer will pay $10,688 extra in interest payments over the course of a new car loan, one expert said.
According to officials, users don't have to be a resident of the community to participate in the carshare program, which can be reserved through an app.
A judge has ordered a Michigan community to stop blocking efforts to bring a major electric vehicle battery business to the rural region.
The CEO of the Ram and Dodge brands and the unofficial voice of American muscle cars is retiring from Stellantis after nearly 32 years.
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
Gov. Gretchen Whitmer announced that 85 new jobs will be created in Michigan to help expand the state's presence as a "high-tech hub" for the electric vehicle testing, defense and aerospace industries.
Vice President Kamala Harris announced $100 million in funding for auto parts manufacturers to prepare their facilities for electric vehicle production.
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline.
Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday.
Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
Foreign automakers dominate U.S. News' list of the best new EVs and hybrids, while Tesla is shut out.
The MY 2024 Cybertrucks have faulty accelerator pedals that may be dislodged when high force is applied, the company said.
Tesla's stock price has tumbled 39% this year amid concerns about the electric vehicle maker's slowing growth.
Federal investigators say the driver of a Ford electric SUV involved in a February fatal crash in Texas was using the company's partially automated driving system before the wreck.
With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup.
New vehicle sales in the U.S. rose nearly 5% from January through March, as buyers stayed in the market despite high interest rates.
Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
Officials said the standards will help clean up some of the nation's largest sources of planet-warming greenhouse gases.
The Battery Workforce Initiative creates national guidelines for registered apprenticeships for battery machine operators.
Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles.
The Biden administration announced new auto emissions standards in effort to cut global-warming emissions from passenger vehicles.
Most electronic systems that take on some driving tasks for humans don't adequately make sure drivers are paying attention, and they don't issue strong enough warnings to make drivers behave.
America's muscle car culture will live on as the country transitions to electric vehicles, but the gas-powered performance car will last for at least a few more years.
The Detroit fire department is raising alarms over safety concerns at General Motors' Factory Zero, where the automaker produces its electric vehicles.
The push to include 37 uncounted ballots in the Hamtramck mayoral race has made its way to the Michigan Supreme Court.
Detroit police's fatal squad is investigating the incident.
A year ago, Michigan was expecting a windfall of federal funds to fuel a transition to clean energy, along with billions of dollars' worth of green manufacturing projects subsidized by the Biden administration's climate spending bills.
Police investigating the Christmas Day deaths of two people at an apartment complex say neither the victim nor her friend ever called 911, despite a history of domestic violence in the victim's relationship.
A series of traffic crashes closed part of northbound I-75 in Wayne County on Monday.
The push to include 37 uncounted ballots in the Hamtramck mayoral race has made its way to the Michigan Supreme Court.
Detroit police's fatal squad is investigating the incident.
Numerous snow squall warnings were issued in the Metro Detroit area during Monday.
Police investigating the Christmas Day deaths of two people at an apartment complex say neither the victim nor her friend ever called 911, despite a history of domestic violence in the victim's relationship.
A year ago, Michigan was expecting a windfall of federal funds to fuel a transition to clean energy, along with billions of dollars' worth of green manufacturing projects subsidized by the Biden administration's climate spending bills.
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles.
A 15-gallon tank of gas will cost Michiganders about $42, which is around $15 less than the highest price drivers paid in July 2024.
Ford Motor Co. has stepped up technology in its popular F-150 pickup to combat ever-evolving techniques car thieves have at their disposal.
The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
The "Taylor Swift" bill package, which includes House Bills 4262 and 4263, authorizes the Michigan attorney general to pursue action against anyone using ticket bots.
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
A year ago, Michigan was expecting a windfall of federal funds to fuel a transition to clean energy, along with billions of dollars' worth of green manufacturing projects subsidized by the Biden administration's climate spending bills.
Police investigating the Christmas Day deaths of two people at an apartment complex say neither the victim nor her friend ever called 911, despite a history of domestic violence in the victim's relationship.
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
"Sunday Morning" looks back at some of the newsworthy men and women who passed away this year – from musicians and storytellers, to activists and statesmen – who touched us with their creativity and humanity.
Since 1907, New Yorkers have marked the New Year with the ceremonial dropping of a huge ball in Times Square. Now, a brand-new ball, covered with more than 5,000 handcrafted Waterford Crystal discs, will help ring in 2026.
Oakland County officials say it has taken immediate action after water tests detected Legionella bacteria at the courthouse.
President Trump on Thursday signed an executive order to reclassify marijuana. While it might seem like a small move, it opens a new door for the industry as a whole.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Henry Ford Health has announced new labor agreements with registered nurses and radiology technicians at its Rochester hospital.
A Michigan hospital is asking members of the public to raise their flashlights as well as the spirits of children during the holiday season.
Kawhi Leonard scored a career-high 55 points, James Harden added 28 and the Los Angeles Clippers extended their winning streak to a season-high four games with a 112-99 victory over the Detroit Pistons on Sunday night.
Simon Edvinsson scored with 3:14 remaining in overtime to give the Detroit Red Wings a 3-2 win over the Toronto Maple Leafs.
Kyle Whittingham was barely two weeks into retirement after 21 years at Utah when he found an offer he couldn't turn down.
The Detroit Red Wings on Saturday night were bested 5-2 by the Carolina Hurricanes, who snapped a season-worst three-game skid.
The Detroit Pistons fell 131-129 Friday night to the Utah Jazz. Keyonte George scored 31 points and hit a floater in the lane with 2.1 seconds remaining for Utah, who snapped a four-game losing streak.
The roundtable discusses efforts by political and corporate leaders to raise the bar and improve K-12 education with a focus on raising reading scores.
With one in eight adults at risk for kidney disease, Dr. Silas Norman, a University of Michigan doctor specializing in kidney health, and Sandy Baruah, President and CEO of Detroit Regional Chamber, appear on Michigan Matters.
The state of Michigan can do better when it comes to raising the bar on K-12 public education.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
The push to include 37 uncounted ballots in the Hamtramck mayoral race has made its way to the Michigan Supreme Court.
A man has died after Detroit police say he inadvertently shot himself while driving and hit a pedestrian with his vehicle on Monday.
High winds and snow squalls led to temperatures dropping across Michigan on Monday. With the cold weather also comes the opening of warming centers.
President Trump hosted Israeli Prime Minister Benjamin Netanyahu on Monday at Trump's Mar-a-Lago estate in Florida.
More snow showers are likely this week as cold air wraps up the year.