Nikesh Kooverjee

1 week ago | topspeed.com | Nikesh Kooverjee

Honda initially announced plans to convert its catalog into a fully electric portfolio within the next decade and a half, but recent reports, announcements, and strategies reveal that it has changed its mind. The Japanese brand cites multiple reasons for this strategy shift, but it certainly falls in line with decisions that competing brands have also made over the past couple of months.

1 week ago | topspeed.com | Nikesh Kooverjee

As of today, there are more hybrid SUVs available in the new vehicle market than ever before. Gasoline-electric hybrid crossovers and SUVsare rapidly rising to become some of the most sought-after options thanks to their ability to aptly balance efficiency and practicality. This demand has prompted some of the biggest manufacturers to double down on the segment and offer a more diverse catalog of products.

1 week ago | topspeed.com | Nikesh Kooverjee

There are still a lot of concerns that the electric car market needs to overcome until it becomes a more viable segment for consumers. One of the most noteworthy problems it faces is how drastically these vehicles depreciate once they hit the used market, particularly when looking at the luxury segment.

1 week ago | topspeed.com | Nikesh Kooverjee

Electric cars are rapidly becoming more popular in the U.S. market, as more consumers find value in fuel-efficient personal transportation methods. Another reason for their increased popularity is due to government pressure via policies that aim to curb the global climate crisis by lowering carbon-emitting engines. Initially, most brands planned to execute a fully electric transition by as early as 2030, which would outrightly discontinue the ICE in its entirety.

2 weeks ago | topspeed.com | Nikesh Kooverjee

Hybrid cars are becoming increasingly popular in the new car market because they benefit from low fuel consumption and maintenance costs. Opting for a hybrid is also a great means of transitioning to full electric vehicle ownership at a later stage, as it gives you some EV experience without having to forgo the convenience of an ICE altogether. The issue that many potential buyers struggle with today is the high purchase prices.