Electric Vehicles

While EV production has increased rapidly in the last year with Tesla and BYD leading the way, it is starting to look like the 2024 model year may bring legacy auto into the market. Here are some examples:

• GM has announced the Equinox will enter the EV market with seven models starting at around $30,000. They are based on the GM Ultium platform.
• Toyota has announced that an electric HiAce van will enter the market built on the Toyota/Subaru platform. This is a big deal as BYD builds the electric Corolla for Toyota.
• Jeep has announced three models -- Avenger, Recon & Wagoneer.
• While Ford is already selling the F-150 lightning pickup, we should see the Chevy Silverado electric pickup and the Tesla Cybertruck enter the market soon.

The mainstream media seems to think legacy auto (and, in particular, GM) is going to take over the EV market. I seriously doubt that but with legacy auto finally starting to enter the market it should help to offer more options and keep the price down.