An article from Forbes explained that owners of electric vehicles (EVs) may have to pay more for insurance than owners of gas-powered cars. Some of the experts interviewed for the article said that the higher insurance rates can be attributed to the fact that repair costs for an EV are greater than those for conventional autos.
BEA: Domestic Autos Outsold Foreign Vehicles
Recent estimates from the Bureau of Economic Analysis (BEA) showed that more car buyers bought domestic vehicles than their foreign counterparts. This comes as the U.S. auto market is attempting to recover from the lockdown as a result of the COVID-19 pandemic.
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Ford Returns to Reporting Monthly Auto Sales
After a two-year hiatus, Ford Motor Company has decided to release its U.S. monthly sales reports again. This was reported by Bloomberg and picked up by Automotive News.
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GM Uses Most Domestic Content When Assembling Its U.S.-Made Vehicles
A study from the Kogod Business School at American University in Washington, D.C. found that General Motors led all automakers in using the highest percentage of U.S.- and Canadian-made parts and materials, known as total domestic content (TDC), in the assembly of their vehicles at its U.S. plants.
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Tesla Cuts Back on Warranties for Older Models
Tesla has announced that it is reducing used-vehicle warranty coverage on its older Model S sedans and Model X crossovers after the original warranty expires. This comes a few days after the electric vehicle (EV) maker dropped its seven-day “no questions asked” return policy on its newly purchased cars.
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Are Solar Cars in the Future?
There have been many advances in the automotive industry in the 21st century: electric vehicles, cars that can brake automatically and park themselves and nearly autonomous vehicles. Soon, there will be another mode of transportation: solar vehicles.
Automakers Admit EVs Outperform Gas-Powered Cars
A recent article from E&E News reported that Volkswagen, GM and Ford can no longer keep a secret: that they believe that vehicles that run on gas are no match for their battery-powered counterparts. Since making that admission, they must now find a way to promote the benefits of electric vehicles without alienating their customer base that still prefers cars with the good, old-fashioned internal combustion engine.
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NHTSA Probes Chevrolet Bolt for Fire Issues
ABC News reported that the Chevrolet Bolt has been deemed a fire risk by the National Highway Traffic Safety Administration (NHTSA) after the agency received complaints that the electric vehicle (EV) can catch fire. The probe covers almost 78,000 vehicles in the 2017-2020 model years.
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Despite Losses, New Car Sales in Q3 Show Improvement
Although auto manufacturers saw new car sales fall in the third quarter compared to last year, the losses were not as bad as they were in the previous quarter in 2020. According to Edmunds, third-quarter new vehicle sales were 11% lower than the same time last year. However, that is better than the second quarter, when there was a 30.6% decline. Continue reading “Despite Losses, New Car Sales in Q3 Show Improvement”
Cuomo Extends Deadline for Inspections and Registration Renewals until Nov. 3
The Auburn Citizen reported that New York State Governor Andrew Cuomo signed an executive order pushing back the deadline for vehicle inspections and registration renewals until November 3. This applies to those documents that have lapsed over the past five months.
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