Tom Paiva Photography/Blend Images LLC/Getty Images Electric vehicle sales are at an all-time high and should reach 1 million units in 2023, but will remain de facto luxury purchases owing to high b...
Tag: EVs
How To Decide Whether You Should Buy An Electric Vehicle
“” getty The Inflation Reduction Act (IRA), with an estimated price tag of $369 billion, has many provisions that make electric vehicles more attractive to motorists, but it’s not going to...
Why Tesla’s Market Share Is Set To Plunge In 2023
Elon Musk account on Twitter displayed on a phone screen and Twitter logo displayed on a laptop … [+] screen are seen in this illustration photo taken in Krakow, Poland on November 14, 2022. (Ph...
Tesla Stock Isn’t Out of the Woods Yet. There Are Too Many EVs.
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Tesla Cofounder Aims To Rev Up U.S. EV Battery Market With $3.5 Billion South Carolina Plant
Redwood Materials is building a $3.5 billion near Charleston, South Carolina, as new battery plants are being built across the Southeast. getty Redwood Materials, the battery recycling and components ...
Ford CEO says 65% of U.S. dealers agree to sell EVs
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell elect...
Ford Registers 7.8% Drop In November US Sales; EVs Jump 103%
Ford Motor Company (NYSE: F) reported a 7.8% decline in U.S. sales for the month of November to 146,364 units. Retail sales fell 15.8%. However, Ford EV sales jumped 102.6% Y/Y to 6,255 vehicles. The ...
Elon Musk’s Twitter Antics Are Tarnishing Tesla – Just As Its EV Rivals Are Catching Up
“I think if you’re a senior leader at Tesla, you’re praying and hoping that either Elon changes focus or gets off this Twitter thing.” Last year, Elon Musk was cracking jokes on Saturday Night Live. N...
Nickel Products Trader Becomes China’s Latest Billionaire
The Hong Kong Stock Exchange in July 2022. Photographer: Paul Yeung/Bloomberg © 2022 Bloomberg Finance LP Today’s listing at the Hong Kong Stock Exchange by Lygend Resources & Technology, China’s ...
Heartland Consumers, Predictably, Have Been Last To Embrace EVs
An all-electric vehicle, plugged in for charging. Getty Images It’s axiomatic that America’s heartland is a cultural runner-up to the early adopters on the coasts, and that extends significantly to th...
Volkswagen Sees EVs As Key To Making U.S. A Reliable ‘Third Leg’
The Volkswagen Group plant in Chattanooga, Tennessee. Volkswagen Volkswagen has been trying to join the top tier as a domestic automaker in the United States beginning with its ill-fated assembly-plan...
Loss Widens At Alibaba-Backed EV Maker XPeng; Co-Founder Exits Board
An XPeng Inc. electric vehicle at the company’s flagship store in Beijing, China, on Monday, Sept. … [+] 19, 2022. Source: Bloomberg © 2022 Bloomberg Finance LP China EV maker XPeng conti...
Tesla’s dominance of EVs is eroding as cheaper cars hit the market
Tesla is still the top-selling electric vehicle brand in the U.S., but its dominance is eroding as rivals offer a growing number of more affordable models, according to a report Tuesday by S&P Glo...
Domino’s is building a fleet of GM EVs for future of pizza delivery
Domino’s will roll out 800 custom-branded 2023 Chevy Bolt electric vehicles at locations across the U.S. in the coming months. Domino’s Domino’s Pizza will be rolling out a fleet of ...
Redwood Materials To Supply Cathodes For Panasonic’s Kansas EV Battery Plant
Redwood Materials is building a plant in Nevada to make anode and cathode materials for electric vehicle batteries. Redwood Materials Redwood Materials, a battery recycling and components company star...
BYD’s Wang Chuanfu Explains How China’s No. 1 EV Maker Caught Up With Tesla
This story is part of Forbes’ coverage of China’s Richest 2022. See the full list here. BYD’s Success Puts Him No. 11 On China’s 100 Richest With $17.7 Billion Fortune. The Chinese billionaire whose B...
Lucid Falls After Maker of Luxury EVs Misses Profit Estimates
(Bloomberg) — Lucid Group Inc. shares fell in late trading after third-quarter sales and earnings trailed estimates and reservations declined for the company’s luxury electric vehicles. Most Rea...
Asia Pacific Peer-To-Peer Electric Vehicle Charging Market Report 2022: Potential to Increase Viability of EVs Driving Development & Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Asia Pacific Peer-To-Peer Electric Vehicle Charging Market Size, Share & Industry Trends Analysis Report By Application (Residential and Commercial), By Charger Type (L...
BYD Powers EV Ecosystem, Policy Support For Internet Companies Articulated
China Last Night KraneShares Key News Asian equities were largely higher overnight except for Mainland China and Hong Kong, which were mixed. Over the weekend, China’s State Council recommended eight ...
Eli Electric Prepares To Launch U.S. Sales Micro EVs
With the Biden administration targeting a 50% sales share of electric vehicles (EVs) by 2030, Eli Electric Vehicles is preparing to scale up production when it launches pilot sales of its micro-vehicl...
EV Adoption Starts At The Pricey High End, And Slowly Works Its Way Downscale
The Kia EV6 is a battery-powered electric vehicle. Photo: Kia America There are dozens of new electric vehicles for mass-market brands, on the ground or in the pipeline for the U.S. market. In time, a...
Tesla’s Electric Semi Is Almost Here, But Elon Musk Hasn’t Shared Some Heavy Details
Tesla says it will deliver its first electric Semis to Pepsi on Dec. 1, 2022. Tesla Hyperbole and big promises are to be expected when Elon Musk promotes a new product and based on his description of ...
VW Starts Building Electric Vehicles In U.S. Plant: Just-In-Time Production
Volkswagen has begun building the Volkswagen ID.4 electric vehicle at the VW plant in Chattanooga, … [+] Tenn. Photo: Volkswagen The timing couldn’t be much better for Volkswagen to start buildi...
Rolls Royce CEO ‘optimistic’ about Specter EVs future
More and more automakers are introducing or are already offering electric variants of popular models, indicating that manufacturers see electric vehicles (EVs) as representing the future of the automo...
For GM auto union workers, there’s still a lot to learn about EVs
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht...
China EV Leader BYD Enters India’s Passenger Car Market As Part Of Global Push
BYD is expanding beyond China. BYD BYD, one of the world’s largest EV makers, this week entered India’s passenger car market as part of larger push to more than double its distributor network in the w...