Ford CEO Jim Farley believes the electric car market will soon enter a price war that will provoke future more affordable models.

"I believe that a big price war will start because the costs of producing electric vehicles will fall to such an extent that in the coming years, car manufacturers will fight each other to sell electric vehicles at a price of $ 25,000."

The materials for the construction of that vehicle will cost around $ 18,000, 'Farley told ABCNews.

He noted that the Mustang Mach-E starts at around $ 45,000, but the Ford battery alone costs $ 18,000. According to him, that does not leave much space for lower prices, reports Jutarnji.hr.

'The new electric models will also be designed for optimal aerodynamics so they can use the smallest possible battery for greater range. Redesigning the body of an electric vehicle for less wind resistance can increase the range by 120 kilometers from a battery of the same size, 'Farley concluded.

According to research, luxury car brands are losing value the fastest.

The old rule is that the car loses 20 percent of its price immediately after leaving the car dealership. And the truth is not far away, although maybe not today when new cars are often waited for more than a year, but nominally the car quickly loses in price, according to Index.hr.
Yet, although the value of each vehicle declines over time, some brands lose in value more than others. To determine which car brands are losing the most value, automotive industry experts at the carVertical platform conducted a study in which they analyzed more than 72 million data relevant for the period from 2019 to 2022 in Europe, the United States and Australia. Below are the conclusions of the research.

Porsche loses the least in value

When the lowest market value of the car is subtracted from its initial price, the results show that Porsche (-64.4%), Jeep (-84.4%) and MINI (-85.5%) lose the least in value over the years. For example, in the same period, Porsche will lose 64.4%, and Lexus as much as 89.9% of value.

Among the vehicles that rank well in the competition of large series brands are Hyundai and Toyota, and the upper house, contrary to expectations, includes Jaguar and Land Rover.

Audi and Seat at the very bottom

Many luxury car brands are losing more in value than more affordable brands. In addition to Chrysler as a record holder in terms of value loss, Audi and Seat also entered. For example, Audi will lose 96.2% of its value over time (on average in 24 years). Interestingly, approximately half of the brands at the bottom of this loss table fall on luxury cars.

By comparison, Toyota cars reach their lowest values ​​when they are 19 years old, and BMWs when they are 21 years old. However, Toyota's vehicles lose about 88.7% of their value, and BMW's 93.8%. What factors affect these differences?

"The person looking for a used car gives priority to price and maintenance costs over all unnecessary features. That's why a used Toyota is more attractive to many customers than a BMW," says M. Buzelis.

When do cars reach their lowest value?

The average age at which vehicles have the greatest loss in value is 20-23 years.

Porsche and MINI have the lowest price when they turn 15 years old. After that, their value begins to grow again. Well-preserved models can be a worthwhile investment. Isuzu, Suzuki, Kia and Dacia are on the opposite side of the spectrum - they reach their lowest value only when they are 30 years old.

There are many examples that show that once ready-made cars, and today old-timers, achieve high prices. The BMW E30 better known as the Cube is just one of the cars that have become a great investment. The same goes for other old premium models, but with the precondition of a service book and the perfect condition of the car.

Interest in the classic Audi models is constantly growing, and one copy of the Audi Quattro 20V could set a new record at the auction to be held on June 18.

The car was originally ordered by a buyer in 1990, and he sold it with 6,809 km. It is believed that this is one of the last examples of models that came out of Audi's factory.

Today, 32 years later, Audi has 51,499 kilometers driven and comes with complete documentation including maintenance. The price list from 1990 is also part of the documentation, and the new owner will also receive a branded tarpaulin for the car.

The sale will be done by Classic Car Auctions, whose manager Gary Dunne himself is thrilled with the car.

"I am amazed by the car and the historical documentation. This is perhaps the most original Quattro Turbo in the world," he said.

Audi Quattro is historically associated with the success of the brand in the rally, it is highly valued in the market, so a new price record is expected.

The CEO of Volkswagen believes that the largest European car manufacturer can surpass Tesla and become the largest EV seller in the world by 2025.

At the World Economic Forum in Davos, Switzerland, Herbert Diess said easing supply chain problems would likely help the German car giant catch up in the coming months.

"Markets are always tied to the future," Diess said when asked why investors gave Tesla a huge advantage over other traditional carmakers, such as Volkswagen.

Tesla has a serious advantage at the moment. Tesla is probably the most digital car company in the world. However, I believe that we can surpass them in terms of the number of delivered vehicles annually until 2025, "said Diess.

Diess said that Tesla managed to show good results and high yield with a credible business model. However, he reaffirmed his belief that Volkswagen could soon close the gap when it comes to selling electric vehicles.

"I think that for Tesla, the increase will probably be a little more challenging now. They are opening new plants and we are trying to keep up the speed. We think we will catch up in the second half of the year, "said Diess.

Supply chain crisis

More than two years after the coronavirus pandemic, the automotive industry continues to struggle with the challenge of procuring key parts and producing enough vehicles to meet demand. The lack of critical inventories, especially when it comes to battery production, is expected to be a constant constraint on the growth of electric vehicle sales in the years to come.

However, Diess said there are still some positive things. He expects that from the middle of the year, some relief will be seen in the semiconductor supply market.

"I would say that we will see a mitigation of this situation by the middle of the year, and we should be in better shape in the second half if the situation does not get worse, which I think will not be the case," Diess said.

Asked if that means the semiconductor crisis could end in the second half of the year, Diess said: "I wouldn't say it will be over, but we see that the situation has improved a lot. I think supply chains and the market are slowly returning to normal. "

In 2019, Volkswagen presented another electric concept car from its ID series at the Los Angeles Motor Show. Space Vizzion, which in the meantime has been confirmed to receive a serial version.

The latest news says that the serial model is supposed to bear the name ID.7 Tourer, which is a name that Volkswagen protected earlier this month with the European Patent Office.

According to some announcements, production should start in 2024 at the Emden factory, but thanks to these leaked patent images (which appeared last year), we can already see what it will look like.

As a reminder, ID. Space Vizzion is an electric station wagon (length 496 cm, width 190 cm, height 153 cm, air resistance coefficient 0.24), built on Volkswagen's MEB platform for electric vehicles, highlighting the modern, spacious and variable interior, as well as the ID Pilot system with autonomous driving.

In addition, there is a 15.6-inch touch screen, digital cockpit, head-up display, as well as seats upholstered in a material called AppleSkin, a new product consisting of renewable raw material.

The serial model will have an autonomy of 590 to 700 km, and the offer will probably include a base version with rear-wheel drive and one electric motor, as well as a more powerful variant with two electric motors and four-wheel drive.

Suzuki is showcasing the Vision Gran Turismo, a new two-seater open-top concept for the Gran Turismo 7 video game.

The Vision Gran Turismo is a sports car with a front-mounted engine and all-wheel drive, powered by an innovative hybrid drive that combines technology from both the motorcycle and car departments, and is available to gamers.

The Vision Gran Turismo is powered by the same 1.3-liter four-cylinder 190hp engine found in the Hayabusa motorcycle. The engine is paired with three electric motors that increase the total power to 432HP at 9,700 rpm, while the maximum torque is 610 Nm.

With only 970 kg, the concept was developed using "state-of-the-art weight loss technology". The exterior design of the Vision GT looks inspired by the Swift Sport, while the interior attracts attention with a new steering wheel surrounded by two screens that display an image with two digital mirrors.

Although this concept will not reach the production car, it shows topics that could enter the Suzuki models of the future.