In Singapore, The Toyota Camry Hybrid Costs $183,000. Here’s Why:

SINGAPORE — To own a car in Singapore, you currently have to bid on a $106,000 certificate, the equivalent of four Toyota Camry Hybrids in the United States. This comes as the cost of the city-state’s car quota system has soared in the post-pandemic recovery. to an all-time high. 10 years in Singapore… Source: www.autoblog.com

Tesla Price Cuts, Repair Costs Impact Profits, Hertz Delays EV Plans

“The introduction of EVs will be slower than previously anticipated,” Hertz CEO Stephen Sher said during the company’s third-quarter earnings conference. at 5:05pm ET Last week, General Motors and Ford announced they would delay spending on electric vehicles, citing slowing demand for BEVs and the EV price war started by Tesla. Source: insideevs.com