With the brunt of the automotive industry vowing to electrify their lineups and government regulators keen on restricting emissions, many have wondered how the change will impact American brands. While Tesla has managed to solidify the United States as the dominant purveyor of all-electric vehicles, American performance has long been synonymous with exceptionally large motors boasting the kind of oomph foreign manufacturers might consider excessive at a price point that seems downright reasonable.
The concern here is that the changing landscape is about to close the door on American muscle cars for a second time. However, Dodge CEO Tim Kuniskis is trying to assure the world that this won’t be the case. He’s telling anyone willing to listen that its forthcoming products will continue to deliver the kind of performance Mopar fans are accustomed to.
The Alliance for Automotive Innovation (AAI) is reportedly prepared to tell the Environmental Protection Agency (EPA) that its proposal to significantly reduce vehicle emissions through the 2032 model year is wildly unrealistic. The lobbying group believes that the government’s proposed targets are “neither reasonable nor achievable in the timeframe provided."
An internal memo was released on Wednesday, stating that the regulations introduced by the U.S. government earlier this year were so stringent that they were "a de facto battery-electric vehicle mandate.”
J.D. Power has released its Initial Quality Study for 2023 and the big takeaway seems to be that the automotive industry continues to fumble. While manufacturers are bending over backward to implement novel technologies and features, last year’s survey revealed that customers felt vehicular quality reached its lowest level in more than three decades.
It’s even worse this year.
BMW Chief Executive Oliver Zipse has said that despite the automaker’s status as a luxury carmaker it would not be abandoning lower-priced segments while it swaps over to electric vehicles. Though the general trajectory for the Bavarian marquee – and the automotive industry in general – over the last several years has been to chase higher margins by focusing on pricier, often larger, vehicles and clever packaging.
Over the weekend, the Japanese government issued a formal complaint suggesting that the United States’ updated tax credit scheme for electric vehicles could prohibit future investments from the Land of the Rising Sun. Complaints were reportedly directed to the Treasury Department and revolved around the Biden administration’s Inflation Reduction Act and how it seemed at odds with previous efforts to build trade between America and Japan. But things are always a bit more complicated than that and we cannot overstate the relevance of Japanese auto lobbying groups that want the most favorable regulatory terms they can negotiate.
Despite ongoing dealer markups, rising interest rates, and evidence suggesting that new vehicles are suffering from a lapse in quality control, the automotive market is allegedly improving – at least in terms of sales volume. U.S. light-vehicle deliveries increased last month from the abysmal levels witnessed in October 2021. But the entire issue basically comes down to the industry managing to produce more cars than it had been.
Hyundai Motor Group – which includes Hyundai, Kia, and Genesis – has announced a comprehensive plan for its products from 2025 onward with the key components being perpetual connectivity, subscriptions, and software-defined automobiles. It sounds benign but actually represents a major shift in the way the company operates by calling for widespread platform standardization and leaning into novel revenue streams reliant on vehicles existing on its corporate network.
Nissan is ending operations in Russia. The company has announced that it has sold its assets to the Russian government for a single Euro, which actually sounds like one hell of a deal considering Nissan estimates the decision will cost the business roughly 100 billion yen – or $687 million USD.
Stellantis has announced a new business unit dedicated to fostering a “circular economy” that should help it reach carbon neutrality by 2038. The arm is also supposed to net the automaker a breezy €2 billion ($1.95 billion USD) in revenue while setting itself up to have more direct control of its products in the future.
With automotive prices skyrocketing these last two years, you may have found yourself waiting out the market until wealthy business magnates, unaccountable banking institutions, and multinational monopolies have had their way with it – hoping beyond hope that they’ll be a modestly priced car for you to live in when the economic dust finally settles.
But what if you can’t wait that long and need something today? While may not be able to steer you toward the deal of a lifetime, we do know which vehicles you might want to cross off your list thanks to a study targeting mainstream models seeing the highest dealer markups. Though, be warned, you’re still probably better off driving whatever you have today because the national average still has vehicles listed 10 percent above MSRP.
Stellantis CEO Carlos Tavares has suggested that the global semiconductor shortage will persist through 2023.
“The situation will remain very complicated until the end of 2023, then will ease a little,” he told French outlet Le Parisien over the weekend, adding that “semiconductor manufacturers have an interest in making business with us again, especially as they’re raising prices.”
Despite helping mainstream electrification with the hybridized Prius, Toyota still isn’t “all-in” on EVs. This is counter to the corporate rhetoric shared by many automakers and governments around the world. But CEO Akio Toyoda doesn’t see customers jumping onto the bandwagon as quickly as Toyota’s industrial rivals originally assumed.
That’s not to suggest the Japanese company is completely snubbing EVs, however. Toyota plans on offering a mix of all-electric, hybrid, and traditional gasoline vehicles for the foreseeable future. It’s even throwing some hydrogen-powered cars into the mix for good measure. But an all-electric lineup seems to have been taken off the table of possibilities.
Automakers have been having trouble building much of anything since 2020 began, thanks to a comprehensive breakdown in logistics. But the hype around electric vehicles has made them even trickier to build now that they’re starting to represent a more meaningful portion of the market. Ironically, the industry’s desire to see EVs become more popular seems to be backfiring as nobody seems capable of keeping up with demand.
With electric vehicle sales on the rise and the Biden administration allocating $900 million to address the insufficient charging infrastructure – one of the biggest obstacles EVs have to contend with – it seems like alternative energy automobiles may indeed become the future of driving. However, there is one problem even a firehose of money and mounting regulatory pressure can’t address.
Despite massive investments from both government and private entities, EVs need batteries, and the raw materials required aren’t getting any easier to obtain. Lithium values continue to rise and have recently reached an all-time high that’s setting the stage for pricier electric vehicles. While this wouldn’t be so bad by itself, EV prices jumped dramatically this year and have continued to do so at a pace that has overshadowed their combustion-reliant counterparts.
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- Chris Doering I have a decent 78 xe lots of potential
- Kat Laneaux Wonder if they will be able to be hacked into (the license plates) and then you get pulled over for invalid license plates or better yet, someone steal your car and transpose numbers to show that they are the owners. Just a food for thought.
- Tassos Government cheese for millionaires, while idiot Joe biden adds trillions to the debt.What a country (IT ONCE WAS!)
- Tassos screw the fat cat incompetents. Let them rot. No deal.
- MaintenanceCosts I think if there's one thing we can be sure of given Toyota's recent decisions it's that the strongest version of the next Camry will be a hybrid. Sadly, the buttery V6 is toast.A Camry with the Highlander/Sienna PSD powertrain would be basically competitive in the sedan market, with the slow death of V6 and big-turbo options. But for whatever reason it seems like that powertrain is capacity challenged. Not sure why, as there's nothing exotic in it.A Camry with the Hybrid Max powertrain would be bonkers, easily the fastest thing in segment. It would likewise be easy to build; again, there's nothing exotic in the Hybrid Max powertrain. (And Hybrid Max products don't seem to be all that constrained, so far.)