EV Depreciation Is Still Brutal. But Hybrids Should Give Us Hope
The average five-year-old EV has lost 57.2% of its value, new data from iSeeCars shows. That means they depreciate far faster than the industry average—41.8% over five years. Hybrids used to depreciate faster than the market, but are now the slowest-depreciating powertrain type. That shows that this condition probably won’t affect EVs in the long-term. Depreciation […]
GM’s EV Cost-Cutting Plan Goes Beyond Batteries, Mary Barra Says
General Motors is looking for ways to reduce electric vehicle prices beyond just using cheaper batteries. The automaker will introduce its next-generation software-defined vehicle in 2028. Simpler electrical architectures and less wiring can help make future GM EVs more competitive. General Motors is working to reduce the cost of its electric vehicles, beyond just using […]
The 2027 Chevy Bolt Configurator Goes Live. It’s A Tremendous EV Deal
The 2027 Chevrolet Bolt can now be configured on the automaker’s website. The base Bolt LT starts from $28,995, including destination. It comes standard with 17-inch alloy wheels, automatic high beams and an 11.3-inch infotainment screen. The 2027 Chevrolet Bolt online configurator has gone live on the automaker’s website, which means customers can now check […]