White House mandates...

Happy Friday morning. This is Car Alerts dropping in with another informative weekly email to keep you up-to-date with the car world.

In today’s email:

• White House EV plans

• New car prices decreasing

• Tesla price cuts

• Kia and Hyundai’s lawsuit

• Hyundai and GM’s recent investments

📈 MARKETS

📰 HEADLINES

White House wants two-thirds of all cars to be EVs by 2032. The initiative is alongside the E.P.A. and includes trucks, aiming for ¼ of new trucks to also be electric. (Read here)

New car prices are finally decreasing after months of supply chain and inventory-related markups. (Read here)

Tesla is cutting prices by as much as 6% with EV competition on the rise. Elon is prioritizing growth over profitability, and in Q1 set a company record by delivering over 420,000 cars. (Read here)

Hyundai and Kia are being sued by US cities after a viral Tik-Tok challenge showed how easy their cars are to steal. In the latest development, NYC joins Seattle, Cleveland, Columbus, and St. Louis in the lawsuit. (Read here)

Hyundai is putting $18 billion into South Korea’s EVs industry. This major investment in the future of electric vehicles is becoming the norm with large manufacturers. (Read here)

General Motors invested $50 million into EnergyX, a Texas-based lithium technology startup. GM receives the right of first refusal on future supply and will help develop the extraction technology with the core team. (Read here)

😎 COOL CARS FOR SALE

2009 Porsche Cayenne Turbo S: Low mileage, first-of-its-kind.
1978 Chevrolet Corvette: Rare “Indy 500 Pace Car Edition”.
2001 Plymouth Prowler: Unique two-toned convertible.
2001 Lotus Esprit: Twin-turbo V8, less than 10k miles.
1999 Chevrolet Silverado: One-owner, dually.

😂 FUNNIES

That’s all we have for you this week. We’ll see you next Friday morning with more curated car stuff.

Have feedback or want to get in touch? Send us a note on Twitter (@CarAlerts). We’d love to hear from you.