Lamborghini delays launch of first electric car until 2029
In a strategic decision that reflects the unique needs of the luxury sports car market, Italian Lamborghini has announced plans to launch its first electric model in 2029. According to Reuters, the move shows that Lamborghini is taking a cautious approach to electrification, with CEO Stephan Winkelmann emphasizing that the market is not ready for a comprehensive electrification revolution in the sports car segment. Lamborghini, a subsidiary of automotive giant Volkswagen, initially planned to release its first electric vehicle (EV) in 2028. The decision contrasts with its Italian rival Ferrari, which plans to launch its electric car lineup early next year. Winkelmann detailed the timeline at a press conference at Lamborghini's headquarters in Sant'Agata Bolognese near Bologna, claiming "we believe that in our segment the market will be in 2025 or Ready in 2026.” Italian Passenger Car Market in 2023 IndexBox platform data shows that Italian passenger car exports will reach US$21.2 billion in 2023. The United States was the…
2024 Hyundai Ioniq 6 SE RWD
There are certain vehicles On the road, things are impressive simply because they exist. The awkwardly shaped stainless steel Tesla Cybertruck is one of them. It was released about a year ago, and it's surprising how many people agreed with putting something so visually radical into production. The Hyundai Ioniq 6 is another similar vehicle. It's launched as an all-electric sedan (after other companies ditched the body style) with brave, all-powerful styling. Hyundai could have erred on the side of caution and launched another crossover in a crowded segment, but they took a chance and released something unusual. Whether Hyundai intends to do so or not, they have also largely standardized on electric vehicles. Pricing and trim levelsGiven that the Ioniq 6 was launched as a 2023 model, there are no major changes for the 2024 version. The model range starts at $37,500 and includes the SE standard range with a range of 240 miles on a full charge, SE,…
Electric cars: Why should you consider buying one?
Electric cars are everywhere these days. From the government to big car brands, everyone has jumped on the electric car bandwagon. You must have started seeing them more often on the roads and wondered what all the hype is about? Or maybe you are skeptical about buying an electric car. If so, join us today as we take a deep dive into this trend, discuss why electric cars are on the list, and list the latest electric cars that are currently booming in the Indian car market. Electric vehicles: emergence and significance Electric cars have suddenly become popular for completely different reasons than most people think. The reason people choose electric cars is not necessarily "worrying about the planet" but rather the economic benefits. People buy electric cars because they get government subsidies, they no longer need gasoline, they have low maintenance costs, they are cheaper to fuel, etc. While there are other reasons for choosing electric cars, economic reasons…
The Big E: July 14, 2024 – Today’s Most Important News
Math Is Hard—But Critical for EVs When it comes to EVs, it turns out two contradictory things can be true. In this case those two things are: EVs cost less own to than gasoline vehicles, and EVs cost more to own than conventional cars. Automotive News, the trade publication that is the Bible of the auto industry, took this issue head on, working with data gathered by J.D.Power, another well-known player in the industry. Electricity at home is usually cheaper than gas The starting point is tallying up the cost of owning a car over five years, in this case—purchase price, taxes, maintenance, residual values, regional gasoline prices and electricity rates as well as zero-emission vehicle incentives. The findings reflect what we know about life in the U.S.—where you live matters. In two states Automotive News/J.D.Power found EVs were more expensive to own than gas cars, but in the other 48 EVs were more economical. But you can parse it…
The Big E: July 17, 2024 – Today’s Most Important News
EV Costs—What a Difference a Day Makes I wrote only three days ago about a study of EV costs that ranked all 50 states by the five-year cost of owning and operating an electric car. The good news is–it found the total cost of ownership over that period was positive (compared to a comparable gas-powered car) in 48 of 50 states. No more free ride in NJ New Jersey took the crown for the most encouraging state for EV owners, offering the possible that after five years an owner could end up more than $10,000 ahead of its petroleum-fueled compatriots. The numbers had a hiccup this month as the state decided to reverse a sales tax exemption for EVs that had been around for decades. In addition to paying 6.6 percent in state sales tax, EV purchasers also will need to pay into a state fund to pay for road repairs and other support for the state’s transportation infrastructure. The…
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