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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.
Tesla announced it will lay off nearly 2,700 workers at its factory in Austin a week after the company said it would cut more than 10% of its global workforce. The carmaker also said it plans to launch new, more affordable vehicles next year. That news boosted shares more than 10% in after-hours trading Wednesday.
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 has reclaimed the title of largest electric vehicle seller in the world, so why did its stock fall 5% on Tuesday? Rebecca Elliott, reporter for The Wall Street Journal, joins CBS News to discuss.
Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
Of the 14 systems tested by the Insurance Institute for Highway Safety, none earned a top rating.
After 10 years and billions of dollars, Apple has abandoned its plan to create an electric car, canceling Project Titan. Aarian Marshall, staff writer for Wired, joined CBS News to talk about what happened with Project Titan.
While carmakers are ramping up their rollouts of electric vehicles, the construction of EV charging stations has lagged far behind. CBS News national environmental correspondent David Schechter has more.
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.
Parisians have voted in favor of a major hike in parking fees for SUVs, and even heavier hybrids and EVs.
Electric vehicle owners are struggling in cold weather, saying their batteries are dying and charging stations are not working. Jenni Newman, editor-in-chief of Cars.com, joins CBS News to discuss why that is and what drivers can do about it.
New Consumer Reports study finds that about half of electric vehicles fell short of their EPA-estimated driving ranges.
As demand for electric vehicles continues to grow, one startup company in Chile is looking to recycle old tires to help make them more sustainable.
Buyers are calling out car dealerships nationwide for being unprepared and reluctant to make the switch to electric vehicles, according to a new article in The Washington Post. Shannon Osaka, the Washington Post climate reporter who wrote the article, joined CBS News to discuss the unexpected hurdles.
General Motors agreed Friday to include electric vehicle battery production in its new contract with the United Auto Workers union. CBS Detroit reporter Terell Bailey has more.
Former President Donald Trump skipped the second Republican presidential debate and instead gave a speech to autoworkers in Detroit's suburbs. He criticized President Biden, Democrats and the big three automakers over electric cars. CBS News' Robert Costa reports from Detroit.
Auto industry workers are pushing for better "work-life" balance in contract talks with major automakers. Members of the United Auto Workers union are threatening to go on strike Friday if a deal isn't reached. Nora Eckert, auto industry reporter for the Wall Street Journal, joins CBS News to unpack the stakes of the situation.
It will now cost drivers with older gas vehicles $16 daily to enter London. The mayor says it will clear the air, but some say it will "make poor people poorer."
The average new vehicle in the U.S. costs $48,000 and, this year, there was only one model on sale for less than $20,000, according to data from Cox Automotive. Jared Rosenholtz, editor-at-large for CarBuzz, joined CBS News to discuss how prices have changed over time and what it means for the industry.
GM's safety engineer Joe McLaine speaks with CBS News' Ash-har Quraishi about training and the automaker's recommendations for electric and hybrid vehicle fire safety.
New data from car buying platform Autolist shows consumers are wary of the cost and effectiveness of electric vehicles. Medora Lee, money and personal finance reporter with USA Today, joined CBS News to talk about how EV's are trending.
Some Democrats question Biden's ability to campaign in the 2024 presidential election, divide over whether he should be the nominee, after voters say Trump won debate.
Hurricane Beryl is expected to hit the Windward Islands as an "extremely dangerous" Category 4 hurricane, the U.S.-based Nationall Hurricane Center said.
"Joe Biden is not going to take himself out of this race – nor should he," Maryland Gov. Wes Moore said Sunday.
Police said they spotted what "appeared to be a handgun" pointed at the officers. It was determined to be a replica Glock handgun.
Many French voters are frustrated about inflation and other economic concerns, as well as President Emmanuel Macron's leadership.
Beryl is the first hurricane in more than fifty years to appear before July 4th in the Atlantic basin.
Some of the world's largest companies have toned down their Pride campaigns in the wake of last year's backlash against Target and Bud Light.
No one has so far claimed responsibility for the attacks.
For the destroyer's crew, the war between Israel and Hamas turned a routine seven-month deployment to the Middle East into a fight against Iranian-backed Houthi rebels, who launched drones and missiles from Yemen in support of Hamas.
Polls show Americans' trust in the Supreme Court has never been lower, especially in light of ethical lapses that lead observers to question the impartiality of the justices.
Hurricane Beryl is expected to hit the Windward Islands as an "extremely dangerous" Category 4 hurricane, the U.S.-based Nationall Hurricane Center said.
Family of victim shares new details of their own investigation into what happened the night of the November 2022 murders of four University of Idaho college students and the case against suspect Bryan Kohberger.
Alabama college student Aniah Blanchard vanished without a trace in October 2019 — and it took more than a month before her family learned what happened to her.
Beryl is the first hurricane in more than fifty years to appear before July 4th in the Atlantic basin.
Some of the world's largest companies have toned down their Pride campaigns in the wake of last year's backlash against Target and Bud Light.
Last night's presidential debate between Biden and Trump marked a drop in TV viewership from 2020 and 2016.
CDK outage forecast to slow auto sales by 7.2% in June, pushing demand into July.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
Army of volunteers raced to hand out jugs of milk and bags of groceries to line of cars outside Fordyce High School.
"Joe Biden is not going to take himself out of this race – nor should he," Maryland Gov. Wes Moore said Sunday.
One candidate stumbled, the other repeatedly lied. John Dickerson considers the next steps in an election in which President Biden has declared democracy itself is on the ballot.
Robert Costa examines the political fallout from Thursday's presidential debate.
Some Democrats question Biden's ability to campaign in the 2024 presidential election, divide over whether he should be the nominee, after voters say Trump won debate.
Pennsylvania Rep. Madeleine Dean, a Democrat, said of Biden, "He had a bad debate. There's no two ways about that."
CBS News chief medical correspondent Dr. Jon LaPook talks with experts about the distinctions between normal and abnormal aging as it affects memory issues, a workforce continuing beyond traditional retirement age, and the testing of surgeons who currently work without age limits. (This story was originally broadcast on February 18, 2024.)
Less than 100 intestinal transplants were done in 2023. For Danielle Perea, the surgery was her only chance.
The FDA said its study better simulated how commercial milk processing kills the bird flu virus, H5N1.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
Japan's Kobayashi Pharmaceutical says its looking at possible links between 80 deaths and its benikoji red yeast supplements.
Many French voters are frustrated about inflation and other economic concerns, as well as President Emmanuel Macron's leadership.
For the destroyer's crew, the war between Israel and Hamas turned a routine seven-month deployment to the Middle East into a fight against Iranian-backed Houthi rebels, who launched drones and missiles from Yemen in support of Hamas.
No one has so far claimed responsibility for the attacks.
Hurricane Beryl is expected to hit the Windward Islands as an "extremely dangerous" Category 4 hurricane, the U.S.-based Nationall Hurricane Center said.
India won its second T20 World Cup but its first world title in 12 years.
His recently uncovered photographs, long thought lost, are the basis of the former Beatle's book, "1964: Eyes of the Storm," and an exhibition currently at the Brooklyn Museum.
Paul McCartney recently uncovered photographs he'd thought were lost – ones he took during The Beatles' first tour of America in 1964. The pictures – candid shots from the vantage point of newly-anointed superstars – are the basis of the book, "1964: Eyes of the Storm," and an exhibition currently on view at the Brooklyn Museum. Correspondent Anthony Mason gets a private tour with McCartney, who talks about documenting the astonishing welcome that the "lads from Liverpool" received in the U.S. (An earlier version of this story was broadcast on June 18, 2023.)
"Sunday Morning" remembers some of the notable figures who left us this week, including comic actor Martin Mull.
Breaking (or breakdancing), an acrobatic dance style with its roots in New York's hip hop culture, is making its Olympic debut in this year's Summer Games in Paris. Correspondent Luke Burbank talks with Victor Montalvo (a.k.a. B-Boy Victor), who will be competing for breaking gold; and with founding members of the b-boy group New York City Breakers, who came up with some of the sport's original moves in the Bronx back in the late 1970s and early '80s.
From the moment she first began appearing at the side of John F. Kennedy Jr., Carolyn Bessette became one of the most photographed women in the world. Her personal style continues to have an impact 25 years following her death.
This week marks 50 years since the debut of the barcode, those machine-readable black stripes that have changed many aspects of modern life. Bradley Blackburn looks back at its history.
Three major mobile carriers say customers abroad can't make phone calls, send messages.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Recall involves about 132,000 units due to lithium-ion batteries that can overheat, with $20,000 in property damage reported.
Voice actors Paul Skye Lehrman and Linnea Sage say their voices are their livelihoods and are now being stolen by AI.
Called 2024 MK, the space rock will make its closest approach to Earth on Saturday.
Scientists are racing to figure out what's causing strange behavior and even deaths among fish, including the endangered sawfish. The phenomenon started in the Florida Keys, but has been seen as far north as Tampa.
South Africa is home to a large majority of the world's rhinos and as such is a hot spot for poaching driven by demand from Asia.
New research paints a worrying picture about the state of polar bears in Canada's Hudson Bay. The big furry bears could go extinct in the region as early as the 2030s due to thinning ice, longer ice-free seasons and human activity leading to climate change. Geoffrey York, one of the study's co-authors, joins CBS News to break down the findings.
Scientists monitoring 51 chimpanzees saw sick or injured animals eating certain plant items that were not part of their normal diet.
Family of victim shares new details of their own investigation into what happened the night of the November 2022 murders of four University of Idaho college students and the case against suspect Bryan Kohberger.
Alabama college student Aniah Blanchard vanished without a trace in October 2019 — and it took more than a month before her family learned what happened to her.
Police fatally shot a 13-year-old boy late Friday night following a chase in Utica, New York, after the teen displayed what turned out to be a replica handgun, authorities said. Michael George has the latest.
Police said they spotted what "appeared to be a handgun" during the chase, but was later determined to be a pellet gun resembling a Glock 17.
The 36-year-old woman is being held in the Mecklenburg County Jail on a $250,000 bond, jail records show.
The problem for NASA and Boeing is that the Starliner's service module is discarded before re-entry and burns up in the atmosphere.
The latest GOES satellite will play a critical role in tracking hurricanes and other dangerous storms across North America.
China's Chang'e 6 is the first craft ever to collect soil and rock samples from the side of the moon that faces away from Earth into space.
NASA has again postponed the troubled Boeing Starliner's trip home from the International Space Station as crews assess a series of helium leaks. Those leaks had also delayed the first crewed launch of the ship multiple times. Mark Strassmann reports.
NASA canceled a spacewalk on Monday due to a leaky spacesuit. And Starliner commander Barry "Butch" Wilmore and co-pilot Sunita Williams will remain at the International Space Station longer than planned after NASA and Boeing delayed the capsule's return to Earth. CBS News space consultant Bill Harwood breaks down the issues the astronauts are navigating in space.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
We leave you this Sunday in South Dakota's Custer State Park, with bison young and old home on the range. Videographer: Kevin Kjergaard.
At this year's first presidential debate, one candidate stumbled, the other repeatedly lied. CBS News correspondent John Dickerson, anchor of "The Daily Report," considers the next steps in an election in which President Biden has declared democracy itself is on the ballot.
Polls show Americans' trust in the Supreme Court has never been lower, especially in light of ethical lapses that lead observers to question the impartiality of justices. Correspondent David Pogue talks with experts who explain why initiatives at the nation's highest court -- from a code of ethics to term limits to the nuclear option of impeachment -- are unlikely to restore respect and trust in SCOTUS any time soon.
Paul McCartney recently uncovered photographs he'd thought were lost – ones he took during The Beatles' first tour of America in 1964. The pictures – candid shots from the vantage point of newly-anointed superstars – are the basis of the book, "1964: Eyes of the Storm," and an exhibition currently on view at the Brooklyn Museum. Correspondent Anthony Mason gets a private tour with McCartney, who talks about documenting the astonishing welcome that the "lads from Liverpool" received in the U.S. (An earlier version of this story was broadcast on June 18, 2023.)
For the crew of the USS Carney, the war between Israel and Hamas turned a routine seven-month deployment to the Middle East into a fight against Iranian-backed Houthi rebels in Yemen, who launched drones and missiles in support of Hamas. CBS News national security correspondent David Martin talks with commanders of the destroyer that patrolled the Red Sea, defending commercial ships transiting to and from the Suez Canal.