Here’s our first look at Volkswagen’s cheapest EV, with prices starting at about $20,000 - Related to [video], our, cheapest, 9, genesis
Ferrari's first EV debuting Oct. 9
Ferrari will move forward with its EV plans in 2025 despite the electrification contraction at many low-volume luxury automakers.
The first electric Ferrari is set to debut on Oct. 9. Ferrari CEO Benedetto Vigna confirmed the date of the automaker's first EV date during its Q4 and 2024 earnings results on Tuesday.
Vigna called the upcoming EV the elettrica, which is Italian for electric. Elettrica is not expected to be the EV's name.
The EV will be one of six new Ferraris set to arrive in 2025, some of which might be electrified.
Ferrari revealed during the sales recap that 51% of vehicles sold in 2024 were hybrids. Electrification has taken hold in Maranello.
Ferrari built a new factory just for electric cars. Set at home in Maranello, the factory is known as the e-building, and it's capable of building gas-powered engines, electric motors, battery packs, and hybrid powertrain components. Ferrari has noted it can adjust the mix to meet demand.
In 2024, Reuters reported the first electric Ferrari would start at 500,000 euros, which at the time was approximately $535,000 but is now $518,828 roughly. The pricing will make it the most expensive non-limited-production model in the automaker's lineup. Reuters reported the average Ferrari cost 350,000 euros ($363,091 approximately).
Ferrari's first EV is expected to be a crossover SUV-like model.
It might be powered by axial-flux motors, or in-wheel motors while also featuring sound generators to mimic an exhaust system.
Ferrari hasn't laid out its powertrain, but the automaker partnered with SK On for battery packs in 2024. Bloomberg reported in 2024 that Ferrari might offer an annual subscription for its EV battery warranty costing $7,500 per year. The subscription was expressed to include battery replacements after eight years.
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Here’s our first look at Volkswagen’s cheapest EV, with prices starting at about $20,000
We are finally getting a look at Volkswagen’s answer to BYD and other low-cost Chinese electric cars. Volkswagen previewed its cheapest EV for the first time on Wednesday. It will kick off a new series of entry-level electric vehicles, with starting prices at €20,000, or just over $20,000.
Volkswagen teases its cheapest EV for the first time.
At a meeting at its Wolfsburg plant on Wednesday, Volkswagen gave employees a sneak peek at the new model. The auto giant confirmed it will be a part of a new small electric car lineup.
Volkswagen stated the new entry-level EV, with a base price of €20,000 ($20,000), “will be attractive for a wide variety” of buyers.
The first model in the new series will be the production version of the [website], which was unveiled in March 2022. Volkswagen mentioned the first [website] models will arrive at dealerships in 2026 with a base price of less than €25,000 ($26,000).
CEO Thomas Shafer stated at the meeting, “With the conclusion of negotiations in December, we set the largest future plan in Volkswagen’s history in motion.”.
The [website] and new entry-level EV (likely the [website] will be key to Volkswagen’s plans to catch up with EV leaders like BYD and Tesla.
Based on the MEB Entry Platform, the [website] is expected to have a range of up to 279 miles (450 km). Volkswagen also teased an SUV version, which will follow in its upcoming entry-level EV lineup.
Volkswagen will introduce the show car for its new entry-level EV. The enterprise plans to reveal the production model in 2027.
Volkswagen is preparing its Wolfsburg plant for the upcoming entry-level models. Shafer stressed that the plant would “remain the heart of the Volkswagen brand in the electric age.” It will also produce the next-gen electric Golf on Volkswagen’s new SSP platform alongside the new T-Roc EV.
For those in the US, don’t get too excited. The new entry-level EV likely won’t make the trip overseas. Shafer described the model as ” an affordable, high-quality, and profitable electric Volkswagen from Europe for Europe.”.
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Genesis GV90 spotted looking like the ultimate ultra-luxury EV [Video]
![Genesis GV90 spotted looking like the ultimate ultra-luxury EV [Video]](/images/automotive-tech/picture/image_185.jpg)
Genesis is preparing to launch its largest, most luxurious electric SUV yet. The Genesis GV90 EV was spotted for the first time in South Korea, revealing its ultra-luxury design.
Genesis GV90 spotted as a new ultra-luxury EV.
Although we actually got our first look at the Genesis GV90 last week after it was spotted on a carrier, the latest sighting gives us a much closer look, with a view from nearly every angle.
Genesis previewed the full-size electric SUV with the Neolun concept last March. The concept featured an impressive “reductive” design, with the signature Genesis two-tone headlamps and Crest grille displayed upfront.
With premium functions, including coach doors, the GV90 is expected to compete with ultra-luxury brands like Rolls Royce and Bentley.
The GV90 will serve as a “tech beacon” for Hyundai and its luxury Genesis brand as it scales up. Inside, you can expect to see Hyundai Motor’s latest OS and connectivity tech. Like the Hyundai IONIQ 9, the GV90 is expected to include dual [website]″ clusters and infotainment screens in a panoramic curved display, but the Genesis model will be over the top.
A new video from HealerTV gives us a more effective idea of what to expect. Despite the camouflage, you can see that the GV90 maintains much of its design based on the concept.
From the back, it almost looks like the GV70 Electrified, but you can tell it’s even bigger. Genesis kept other design elements, like the connected rear lights and bumper design, shown in the concept.
The side view demonstrates slight changes from the concept, including the turn signals on the fender. Despite a slightly more “rounded” profile, much of the design remains the same. The two-line daytime running lights and other design elements are pulled from the concept.
Genesis is expected to unveil the GV90 later this year, with mass production set to begin in early 2026. It’s expected to be available in two trims: Standard or Exclusive.
The Standard model is rumored to start at around 100 million won ($80,000), while the , which will include ultra-luxury functions like the coach doors from the concept, could cost upwards of 200 million won ($160,000). It’s like to be limited to just a few models.
The Genesis GV90 will be the first Hyundai Motor EV to ride on its new “eM” platform, set to replace its current E-GMP. It will be built at Hyundai’s Ulsan EV plant in South Korea.
Would you buy the Premium Genesis GV90 model for around $160,000? In comparison, a 2024 Bentley Bentayga costs just over $200,000. Let us know what you think in the comments.
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Market Impact Analysis
Market Growth Trend
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| 8.3% | 10.0% | 10.5% | 11.6% | 12.3% | 12.7% | 12.8% |
Quarterly Growth Rate
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 |
|---|---|---|---|
| 10.9% | 11.7% | 12.4% | 12.8% |
Market Segments and Growth Drivers
| Segment | Market Share | Growth Rate |
|---|---|---|
| Connected Cars | 35% | 14.2% |
| Autonomous Driving | 22% | 18.5% |
| EV Technology | 28% | 21.9% |
| Telematics | 10% | 9.7% |
| Other Automotive Tech | 5% | 6.3% |
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity:
Competitive Landscape Analysis
| Company | Market Share |
|---|---|
| Tesla | 16.9% |
| Waymo | 12.3% |
| NVIDIA DRIVE | 10.7% |
| Bosch | 9.5% |
| Continental | 7.8% |
Future Outlook and Predictions
The First Ferrari Debuting landscape is evolving rapidly, driven by technological advancements, changing threat vectors, and shifting business requirements. Based on current trends and expert analyses, we can anticipate several significant developments across different time horizons:
Year-by-Year Technology Evolution
Based on current trajectory and expert analyses, we can project the following development timeline:
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity, influencing adoption timelines and investment priorities:
Innovation Trigger
- Generative AI for specialized domains
- Blockchain for supply chain verification
Peak of Inflated Expectations
- Digital twins for business processes
- Quantum-resistant cryptography
Trough of Disillusionment
- Consumer AR/VR applications
- General-purpose blockchain
Slope of Enlightenment
- AI-driven analytics
- Edge computing
Plateau of Productivity
- Cloud infrastructure
- Mobile applications
Technology Evolution Timeline
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
Expert Perspectives
Leading experts in the automotive tech sector provide diverse perspectives on how the landscape will evolve over the coming years:
"Technology transformation will continue to accelerate, creating both challenges and opportunities."
— Industry Expert
"Organizations must balance innovation with practical implementation to achieve meaningful results."
— Technology Analyst
"The most successful adopters will focus on business outcomes rather than technology for its own sake."
— Research Director
Areas of Expert Consensus
- Acceleration of Innovation: The pace of technological evolution will continue to increase
- Practical Integration: Focus will shift from proof-of-concept to operational deployment
- Human-Technology Partnership: Most effective implementations will optimize human-machine collaboration
- Regulatory Influence: Regulatory frameworks will increasingly shape technology development
Short-Term Outlook (1-2 Years)
In the immediate future, organizations will focus on implementing and optimizing currently available technologies to address pressing automotive tech challenges:
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
These developments will be characterized by incremental improvements to existing frameworks rather than revolutionary changes, with emphasis on practical deployment and measurable outcomes.
Mid-Term Outlook (3-5 Years)
As technologies mature and organizations adapt, more substantial transformations will emerge in how security is approached and implemented:
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
This period will see significant changes in security architecture and operational models, with increasing automation and integration between previously siloed security functions. Organizations will shift from reactive to proactive security postures.
Long-Term Outlook (5+ Years)
Looking further ahead, more fundamental shifts will reshape how cybersecurity is conceptualized and implemented across digital ecosystems:
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
These long-term developments will likely require significant technical breakthroughs, new regulatory frameworks, and evolution in how organizations approach security as a fundamental business function rather than a technical discipline.
Key Risk Factors and Uncertainties
Several critical factors could significantly impact the trajectory of automotive tech evolution:
Organizations should monitor these factors closely and develop contingency strategies to mitigate potential negative impacts on technology implementation timelines.
Alternative Future Scenarios
The evolution of technology can follow different paths depending on various factors including regulatory developments, investment trends, technological breakthroughs, and market adoption. We analyze three potential scenarios:
Optimistic Scenario
Rapid adoption of advanced technologies with significant business impact
Key Drivers: Supportive regulatory environment, significant research breakthroughs, strong market incentives, and rapid user adoption.
Probability: 25-30%
Base Case Scenario
Measured implementation with incremental improvements
Key Drivers: Balanced regulatory approach, steady technological progress, and selective implementation based on clear ROI.
Probability: 50-60%
Conservative Scenario
Technical and organizational barriers limiting effective adoption
Key Drivers: Restrictive regulations, technical limitations, implementation challenges, and risk-averse organizational cultures.
Probability: 15-20%
Scenario Comparison Matrix
| Factor | Optimistic | Base Case | Conservative |
|---|---|---|---|
| Implementation Timeline | Accelerated | Steady | Delayed |
| Market Adoption | Widespread | Selective | Limited |
| Technology Evolution | Rapid | Progressive | Incremental |
| Regulatory Environment | Supportive | Balanced | Restrictive |
| Business Impact | Transformative | Significant | Modest |
Transformational Impact
Technology becoming increasingly embedded in all aspects of business operations. This evolution will necessitate significant changes in organizational structures, talent development, and strategic planning processes.
The convergence of multiple technological trends—including artificial intelligence, quantum computing, and ubiquitous connectivity—will create both unprecedented security challenges and innovative defensive capabilities.
Implementation Challenges
Technical complexity and organizational readiness remain key challenges. Organizations will need to develop comprehensive change management strategies to successfully navigate these transitions.
Regulatory uncertainty, particularly around emerging technologies like AI in security applications, will require flexible security architectures that can adapt to evolving compliance requirements.
Key Innovations to Watch
Artificial intelligence, distributed systems, and automation technologies leading innovation. Organizations should monitor these developments closely to maintain competitive advantages and effective security postures.
Strategic investments in research partnerships, technology pilots, and talent development will position forward-thinking organizations to leverage these innovations early in their development cycle.
Technical Glossary
Key technical terms and definitions to help understand the technologies discussed in this article.
Understanding the following technical concepts is essential for grasping the full implications of the security threats and defensive measures discussed in this article. These definitions provide context for both technical and non-technical readers.
electric vehicle intermediate
hybrid intermediate
platform intermediate
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