Americans still aren't sold on electric cars

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Different Tesla vehicles
A new Deloitte study found only 30% of US car-buyers are considering going electric for their next vehicle.

Mike Blake/Reuters

Car companies want to make billions by charging monthly fees for features like heated seats — and electric cars makes it easier than ever

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Mercedes Benz 2024 E-class interior shows expanded touchscreen and selfie camera
Automakers are emphasizing subscription features more as a way to boost profits, particularly for EVs. For example, Mercedes offers an "Acceleration Increase" feature for an annual fee.

Mercedes-Benz

It's not just the chip shortage — other supply chain disruptions are wreaking havoc on automakers and helping keep prices high

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The F-150 Lightning production line at Ford's factory in Dearborn, Michigan
Ford recently had to stop production of the F-150 Lightning as it struggles with the EV transition and battery problems.

Jeff Kowalsky/AFP/Getty Images

Ford and GM have more cars on lots than Toyota or Lexus as inventory remains scarce

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An auto dealership selling the Jeep Grand Cherokee and other Chrysler vehicles is seen in Los Angeles July 24, 2015. REUTERS/Phil McCarten
Domestic automakers like Stellantis had more vehicle inventory than other brands in January.

Thomson Reuters

These are the best car brands of 2023

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The 2022 BMW iX xDrive50.
BMW landed the top spot in Consumer Reports' list of top car brands for 2023.

Tim Levin/Insider

Traditional automakers have one huge leg up on EV startups: A nationwide network of shops ready to service cars

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A Tesla showroom and service center, in Burbank on Friday, Sept. 4, 2020 in Burbank, CA.
As EV startups like Rivian get more cars on the road, the question is whether they'll find the same success servicing their vehicles as Tesla has.

Kent Nishimura / Los Angeles Times via Getty Images

Biden wants EV chargers on every 50 miles of highway. That misses a key piece of the electrification puzzle.

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A Tesla Model S at a charging station in New York.
The White House said Wednesday that Tesla will open up its charging network to other EVs to help chip away at the Biden administration's ambitious US charger goal.

Bruce Bennett/Getty Images

Jim Simons' RenTech fund supercharged its Tesla bet last quarter, boosting its value 1,000 times to over $400 million

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Jim Simons
Jim Simons.

Sylvain Gaboury/Getty Images

Why Silicon Valleys massive layoffs haven't hit Detroit automakers

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auto manufacturing chevy
Automakers like Ford and GM have yet to announce anything close to the layoffs that have left thousands of tech workers out of a job this year.

Bill Pugliano/Getty Images

Car prices could drop 20% this year. Here's where to expect the best deals first.

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Hyundai SUVs at a car dealership.
Industry experts have tips on how car-buyers can get the best deal in 2023.

AP Photo/David Zalubowski

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