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Electric vehicle prices are tumbling. Here's the financial impact.
The average price of a new EV was $56,648 last month, down 15% from two years prior, according to Kelley Blue Book.
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The average price of a new EV was $56,648 last month, down 15% from two years prior, according to Kelley Blue Book.
A typical car buyer will pay $10,688 extra in interest payments over the course of a new car loan, one expert said.
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
Foreign automakers dominate U.S. News' list of the best new EVs and hybrids, while Tesla is shut out.
The MY 2024 Cybertrucks have faulty accelerator pedals that may be dislodged when high force is applied, the company said.
Tesla's stock price has tumbled 39% this year amid concerns about the electric vehicle maker's slowing growth.
Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
The U.S. needs more than a million public chargers by 2030, but only a fraction of that number currently exists. Los Angeles is using light poles to help fill the gap.
Chrysler unveiled a state-of-the-art EV concept car pointing to the future direction of the brand.
Lansing will be installing up to 50 new electric vehicle charging sites across the city with funding from the federal government that was announced on Friday.
Detroit had the country's first paved road and electronic traffic signal installed, and now the Motor City has the nation's first wireless charging road.
Former President Donald Trump addressed a crowd in Michigan Wednesday night. He spoke in Clinton Township to a group of supporters as well as current and former union members.
With more electric vehicles on the road, there's a growing need for first responders to learn how to deal with EVs in emergency situations.
Oakland County using some special technology that, in the near future, could replace the fossil fuels they use to run the sewage plant and perhaps generate electricity for EVs.
The dual charger promises to deliver what they call the 'ultimate fast charging experience'–powering EVs from zero to 80 percent in about 15 minutes.
Even with tax credits, it could be difficult to persuade drivers to ditch their gas-burning cars and trucks.
Those requirements apply to a $7,500 tax credit.
The move is part of the agency's goal to have a fleet of 66,000 electric vehicles deployed by 2028.
The outlet recommends Ford's Maverick Hybrid for anyone with an active lifestyle and Kia's Telluride for infotainment lovers.
The Michigan automaker began selling the much-anticipated EV last year and has sold 15,617 of them as of December.
The Biden administration announced rules for EV chargers and new commitments from Tesla, GM and others.
Some electric car owners around the U.S. have experienced sticker shock charging their vehicles. Here's why.
The Detroit automaker is increasing production of the Mach-E this year and is taking advantage of streamlined costs to reduce prices across the board, it said Monday.
President Joe Biden reminded Americans he is a "pro-union" president Tuesday as he toured a technology plant to highlight a $300 million expansion, just a day after he sided with business leaders in asking Congress to pass legislation to stave off a crippling rail strike.
Tech giant Baidu has human-monitored self-driving test cars rolling around in 10 cities, and it just got clearance to use some without any human oversight.
Brandsegg-Nygard is the first Norwegian player selected in the first round of the NHL Draft.
Hurricane Beryl is forecast to strengthen into a "dangerous major hurricane" before reaching Barbados and the Windward Islands late Sunday.
Police arrested a suspect after a man was shot to death inside a business on Friday in Howell.
Rocket Mortgage Classic announced it will start later on Saturday due to possible rain showers in the morning.
Akshay Bhatia shot a 5-under 67 that included a free drop after his golf ball fell into a fairway drain at Detroit Golf Club.
Denise Ezell filed a lawsuit on Wednesday, saying she still has not received the money since winning on Oct. 30, 2023.
Michigan Gov. Gretchen Whitmer said the difference between Biden and Trump "could not be clearer" following the first presidential debate of the year.
Brandsegg-Nygard is the first Norwegian player selected in the first round of the NHL Draft.
The Dearborn Heights City Council approved the budget for the upcoming fiscal year, avoiding a citywide shutdown on July 1.
Hurricane Beryl is forecast to strengthen into a "dangerous major hurricane" before reaching Barbados and the Windward Islands late Sunday.
American automakers are pushing back against a federal safety ruling that involves automatic emergency braking technology in new cars.
Dearborn Village Ford general sales manager Jay Sturtz says they're resorting to good old-fashioned pen and paper while they wait for CDK to come back online.
The board of General Motors approved another $6 billion share repurchase as the Detroit automaker continues to build momentum in 2024.
United Auto Workers union President Shawn Fain and other union leaders are under investigation by a federal court-appointed monitor, according to a court filing.
Stellantis-owned Chrysler is recalling more than 211,000 SUVs and pickup trucks in the U.S., due to a software malfunction that could disable the cars' electronic stability control systems.
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
"CBS News 24/7," a daily flagship show featuring live reporting from CBS News and Stations' local-to-global newsrooms, brings viewers a dynamic and immersive news experience.
Alec Baldwin's attorneys say the involuntary manslaughter charge against him for the "Rust" shooting that killed Halyna Hutchins should be dismissed.
If you're a car enthusiast, the M1 Concourse in Pontiac is gearing up for a jam-packed season.
In 1999, a series about a New Jersey crime family premiered on HBO; it would change television. Series creator David Chase, and stars Edie Falco, Steven Van Zandt, Michael Imperioli and Steve Schirripa, discuss the personal and cultural impact of "The Sopranos."
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
The Supreme Court overruled a 40-year-old decision that said federal courts should defer to agencies in certain cases. Here's what it means.
CDK outage forecast to slow auto sales by 7.2% in June, pushing demand into July.
The Supreme Court's order clears the way for Steve Bannon to report to prison by July 1 to begin serving a four-month sentence.
The FDA said its study better simulated how commercial milk processing kills the bird flu virus, H5N1.
The FDA said its study better simulated how commercial milk processing kills the bird flu virus, H5N1.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
A Rochester mother is concerned about her 16-year-old son's allergy medication after she says it arrived at their home without the equipment to keep it at a certain temperature.
A Michigan Court of Claims judge has granted a preliminary injunction blocking abortion regulations including the 24-hour waiting period, "informed consent" and a ban on advanced practice clinicians providing abortion care.
Medicina Scarlett in Southwest Detroit is now offering its services in English and Spanish to bridge a gap in health care.
Brandsegg-Nygard is the first Norwegian player selected in the first round of the NHL Draft.
Akshay Bhatia shot a 5-under 67 that included a free drop after his golf ball fell into a fairway drain at Detroit Golf Club.
Detroit City FC heads back on the road this Saturday, traveling down to South Beach to face off against Miami FC.
The lawsuit against the NFL covered 2.4 million residential subscribers and 48,000 businesses who paid for the "Sunday Ticket" package of out-of-market games.
The Detroit Pistons have taken forward Bobi Klintman on Thursday in the 2024 NBA Draft after trading with the Minnesota Timberwolves.
U.S. Energy Secretary Jennifer Granholm and U.S. Transportation Secretary Pete Buttigieg appear on CBS Detroit's Michigan Matters this Sunday.
The University of Michigan's Ross School of Business is celebrating its 100th anniversary this year.
The three top elected county leaders essentially run the Metro Detroit region.
U.S. Rep. Shri Thanedar appears on CBS Detroit's Michigan Matters and talks about the mental health crisis impacting the nation, the fallout of the war in Gaza and his re-election campaign.
Lisa Ford appears on CBS Detroit's Michigan Matters and talks about Michigan Central Station, which her husband, Bill Ford, Executive Chair of Ford Motor Co., decided to bring back to life in 2018.
We'll see below-average temperatures, breezy conditions, and partly cloudy skies today.
The Dearborn Heights City Council approved the budget for the upcoming fiscal year, avoiding a citywide shutdown on July 1.
This year marks the sixth year that the Detroit Golf Club hosted the Rocket Mortgage Classic, but the history of the course goes back much further than that.
Golfer Nick Bienz, who went viral for qualifying for the Rocket Mortgage Classic after drinking three beers, joined CBS News Detroit to talk about competing in the tournament.
The community said its final goodbyes to fallen Oakland County Sheriff Deputy Brad Reckling at Apostolic Church in Auburn Hills, where his visitation and funeral took place on Friday.