Connect with us

Published

on

Ford (F) CEO Jim Farley revealed during Monday’s Capital Markets Day that the automaker would soon make it as easy as possible for you to buy an EV with transparent pricing, flexible purchase options, and remote vehicle delivery. Ultimately, Ford is offering you the opportunity to skip what many consider the worst part of the buying experience – the dealership.

Ford upgrades the EV buying experience with fixed pricing

During Monday’s event, Ford discussed its next-generation EVs, including a three-row SUV and another full-size electric pickup codenamed Project T3.

Farley says the automaker’s EV unit, Model e, will focus on three key initiatives, including:

  1. Developing EVs and software platforms
  2. Launching a new customer experience with its dealers
  3. Building its industrial system to deliver millions of EVs efficiently

Ford’s second (and third) generation EVs will be launched in larger, more profitable segments. Farley describes the new electric pickup as “a technological tour de force that will transform a worksite” and its seven-passenger electric SUV as a “personal bullet train.”

Ford-buy-EVs
Ford’s new electric Explorer released in Europe (Source: Ford)

To match the new modern electric vehicles, Ford is rolling out a simple and consumer-friendly buying experience that emphasizes non-negotiable pricing. Farley explained at its Capital Markets Day event:

Starting in January, Model E customers will have flexible purchase options, online, in the store, with transparent pricing that they don’t have to haggle over, and remote vehicle delivery, and later pick up as well.

Soon, Ford EV buyers will have more options, including new retail replenishment centers that can deliver vehicles in under ten days. The new EV buying experience is designed to establish relationships with dealerships rather than it being a hassle to negotiate prices.

Ford will drastically reduce EV inventory and deploy a new marketing model focusing on growing relationships rather than spending billions on TV advertisements.

In December, Ford revealed around two-thirds of its dealers – 1,920, to be precise – enrolled in its EV dealer program designed to streamline distribution.

Electrek’s Take

Ford wants to satisfy dealers and new EV buyers with flexible purchase options and non-negotiable pricing. This isn’t the first time Farley has suggested a direct sales approach, but with a set date now, it will become a reality next year.

Nobody likes to go into the dealership and have to negotiate prices several times with the salespeople. Tesla and other EV makers have shown a direct sales approach works. It’s not only consumer-friendly but also cuts out unnecessary inventory costs.

Ford will satisfy customers with online, customizable purchase options and dealers with “later pick up” and the traditional buying experience still being offered.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Wheel-E Podcast: Micromobility Europe 2024, 80 MPH army e-bike, more

Published

on

By

Wheel-E Podcast: Micromobility Europe 2024, 80 MPH army e-bike, more

This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes all the cool stuff we saw at Micromobility Europe 2024, new low-cost Lectric XP Lite 2.0, an 80 MPH military e-bike, how Paris cleaned its air by kicking out cars, and more.

The Wheel-E podcast returns every two weeks on Electrek’s YouTube channel, Facebook, Linkedin, and Twitter.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends, the video will be archived on YouTube and the audio on all your favorite podcast apps:

We also have a Patreon if you want to help us to avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the Wheel-E podcast today:

Here’s the live stream for today’s episode starting at 12:00 p.m. ET (or the video after 1:00 p.m. ET):

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

BYD cuts prices on its best-selling Atto 3 electric SUV in Australia to rival Tesla

Published

on

By

BYD cuts prices on its best-selling Atto 3 electric SUV in Australia to rival Tesla

A new price war is fueling EV sales in Australia as the competition heats up to gain overseas market share. BYD launched its new Atto 3 electric SUV in Australia with several updates, including lower prices, as it looks to chip away at Tesla’s lead.

Chasing Tesla’s lead

Last month, electric vehicle sales in Australia were boosted by price cuts from leaders like Tesla and BYD.

According to the latest data from the Federal Chamber of Automotive Industries (FCAI), 8,974 fully electric vehicles were sold in Australia last month. That number is up from the 6,194 EVs sold in April 2024 and 8,124 handed over last May.

The growth was enough for EVs to capture 8.1% of all vehicles sold in Australia last month, up from 7.7% in May 2023.

Tesla still leads with Model 3 sales reaching 1,958, surpassing its best-selling Model Y (1,609). Tesla has now sold 8,823 Model 3s and 9,610 Model Ys in Australia year-to-date.

Although Tesla has maintained a market share of over 60%, BYD is chipping away at its lead.

With 3,567 EVs sold in May, Tesla held a 40% share. BYD’s new Seal was the third best-selling EV last month, with 1,002 units sold, while the Atto 3 was fourth with 737. The growth bumped up BYD’s market share to 18%.

BYD-prices-Australia
BYD SEAL (Source: BYD)

BYD launches new Atto 3 with lower prices in Australia

The Atto 3 is still BYD’s best-selling EV in 2024, with 3,366 models sold, while the Seal is a close second at 3,306.

BYD believes 2024 will be a pivotal year as it rolls out new models and aims to take leadership in Australia’s EV market.

Following the new Seal, BYD launched a “major upgrade” for the Atto 3 Friday. BYD’s new Atto 3 features a 15.6″ screen (up from 12.8″). In addition to new features like added camping mode and karaoke, the new Atto 3 features lower prices.

The standard range Atto 3 now starts at AUD 44,449, while the Extended Range costs AUD 47,449 (before on-road costs). BYD’s new Atto 3 prices are down AUD 3,562 and the cheapest they have been so far, according to Australia’s Drive.

Powered by a 50 kWh battery and 150 kW electric motor, the new standard Atto 3 features up to 214 miles (345 km) WLTP range. The Long-Range model, with a 60 kWh battery, can travel up to 261 miles (420 km).

BYD Atto 3 vs Tesla Model Y Price
(AUD)
Range
(WLTP)
BYD Atto 3 Standard Range $44,449 214 miles (345 km)
BYD Atto 3 Long Range $47,449 261 miles (420 km)
Tesla Model Y RWD $55,900 283 miles (455 km)
Tesla Model Y AWD Long Range $69,900 331 miles (533 km)
Tesla Model Y AWD Performance $82,900 319 miles (514 km)
BYD Atto 3 vs Tesla Model Y prices and range in Australia

Meanwhile, Tesla’s RWD Model Y starts at AUD 55,900, with up to 283 miles (455 km) WLTP range. The Long-Range AWD model starts at AUD 69,900 with up to 331 miles (533 km) WLTP range.

Which one are you buying? The new BYD Atto 3? Or the Tesla Model Y? Let us know in the comments below.

Source: Drive, BYD

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla produces 1,300 Cybertrucks per week, moving from Foundations Series next quarter

Published

on

By

Tesla produces 1,300 Cybertrucks per week, moving from Foundations Series next quarter

Tesla confirmed that it managed to produce 1,300 Cybertrucks in a week and it is moving from its Foundations Series production run next quarter.

We haven’t had a lot of updates from Tesla about the Cybertruck production ramp.

Actually, the best one we got was from a recall, which confirmed that Tesla had produced just short of 4,000 Cybertrucks as of April.

Shortly after, Tesla confirmed that it achieved a production of 1,000 Cybertruck in a week in April.

We haven’t seen an update since, but we noted that Tesla seemed to be ramping up production based on sightings at Gigafactory Texas.

Yesterday, at Tesla’s annual shareholder meeting, Tesla released a bit more information about the Cybertruck production ramp:

  • Elon Musk said Tesla recently produced a peak of 1,300 Cybertrucks in a week
  • Elon Musk said Tesla would move away from production Foundation Series Cybertrucks in Q3
  • Tesla said it aims to be at 2,500 Cybertrucks per week by the end of the year

This would currently put Tesla at a capacity of 65,000 Cybertrucks per year and looking to exist the year with an annual capacity of 125,000 units.

Tesla has previously stated that it aims to have a full capacity of 250,000 Cybertrucks, but it plans to achieve that next year.

Moving away from the Foundation Series would presumably mean that Tesla is going to stop bundling all options together for the Dual Motor and Cyberbeast. The automaker might also release new trims – though those weren’t expected until next year.

Electrek’s Take

The Foundation Series bundles push the Cybertruck price to $100,000. Despite the hype around the Cybertruck, there’s a limited market for trucks at over $100,000.

Moving away from the Foundation Series bundles should reduce the price a bit as the dual motor is actually supposed to start at $80,000.

It will also give us more clarity into the option pricing.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending