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EV News

According to Edmunds, American car shoppers are researching Tesla vehicles more frequently following Tesla’s recent price cut announcement. Edmunds data shows that on-site shopper consideration of Tesla vehicle pages jumped to 4% of all researched brands, compared to 1.9% the week prior. The Tesla Model Y became the second most researched vehicle on Edmunds, and the Model 3 moved up 36 spots to become the 11th most researched vehicle.

Edmunds’ analysts believe that the price cuts, combined with immediate availability, will help Tesla gain market share and attract consumers despite its aging lineup. Additionally, Edmunds data revealed that Tesla appraisals through Edmunds’ free online appraisal tool more than tripled in volume, climbing to 3.1% of all vehicles, compared to 0.8% the day prior. Edmunds attributes this increase

In other EV News

  • GM and LG Energy Solution have halted plans to build a fourth battery factory in the US through their 50-50 joint venture, Ultium Cells.
  • ABB E-mobility, a leader in EV charging infrastructure, has announced that production of EV chargers has started at its recently-opened manufacturing operations in Columbia, SC (Go Gamecocks).
  • The Inflation Reduction Act signed by President Biden, offers a credit equal to 30% of the sale price (up to $4,000) for used EVs that meet certain criteria. Here are all of the EVs that qualify.

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