Ford cuts prices for Mach-E as Tesla raises them on two models
Automakers are jockeying for market share as more Americans express interest in buying an electric car.
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Automakers are jockeying for market share as more Americans express interest in buying an electric car.
Debuted in 1996 as the "EV1, the Chevy Bolt was the Michigan automaker's first electric car.
Tesla's mid-size SUV now costs $759 less than the average new car or truck in the U.S.
The British monarch's truly unique vehicle fleet includes two-of-a-kind state limousines and a one-of-a-kind horse-drawn carriage covered in gold.
The auto industry is undergoing a major shift toward electric vehicles in an attempt to be more environmentally friendly. CBS News climate reporter Cara Korte joins Tony Dokoupil and Lilia Luciano to discuss how the shift could affect mechanics and auto shops.
By 2032, two-thirds of new cars on America's roads will be electric. Here's what the EV evolution of the auto industry means for mechanics.
Tesla stock plummeted nearly 10% yesterday amid vehicle price talks. CBS News anchors Anne-Marie Green and Vladimir Duthiers spoke with CBS MoneyWatch reporter Khristopher Brooks about why that drove shareholder instability.
Electric car maker's earnings have fallen sharply following a series of price reductions across its model lineup.
The Nissan Leaf and Volvo S60 join a longer list of EVs that have been kicked off the U.S. Treasury Department's list.
Tom Narayan, the lead equity analyst for Global Autos at RBC Capital Markets, joins CBS News' Lilia Luciano and Tony Dokoupil to discuss why automakers are rolling out more electric vehicles and who is eligible for tax credits connected to their purchase.
The Biden administration on Wednesday proposed strict new tailpipe pollution standards that would effectively force auto manufacturers to accelerate their production of electric vehicles. Under the EPA's proposal, 67% of all vehicles manufactured in the U.S. would be electric by 2032. Ben Tracy has the details.
In a statement, EPA administrator Michael Regan called the new regulations the "the most ambitious pollution standards ever for cars and trucks."
Strict new automobile pollution limits to be unveiled this week would require at least 54% of new vehicles sold in the U.S. to be electric by 2030.
Even with tax credits, it could be difficult to persuade drivers to ditch their gas-burning cars and trucks.
Those requirements apply to a $7,500 tax credit.
The sweeping energy package counters virtually all of President Biden's agenda to address climate change.
Losses are mounting in the automaker's electric vehicle business, but it says profits are on the horizon.
Sales of electric vehicles doubled in 2022, and a host of new models are hitting the showroom floor.
Automaker says the Challenger SRT Demon 170 will pack over 1,000 horsepower and outpace electric supercars.
Some of these models will qualify for federal tax credits that now require American assembly and parts sourcing.
The move is part of the agency's goal to have a fleet of 66,000 electric vehicles deployed by 2028.
Tesla's Model 3 is $43,000 while new cars sold for an average $49,388 in January, according to Kelley Blue Book.
The outlet recommends Ford's Maverick Hybrid for anyone with an active lifestyle and Kia's Telluride for infotainment lovers.
The Michigan automaker began selling the much-anticipated EV last year and has sold 15,617 of them as of December.
The Biden administration announced rules for EV chargers and new commitments from Tesla, GM and others.