Americans Still Prefer Gas-Powered Cars Over EVs, Says KPMG Study
KPMG’s recent study shows that even with the same price and features, most Americans still favor standard gas vehicles over electric or hybrid cars. Despite the hype around electric vehicles (EVs), the study found that only one-fifth of U.S. consumers…
Tesla Accused of Blaming Drivers for Known Defects
Reuters reports that Tesla has been tracking chronic flaws and failures in its vehicles’ steering and suspension parts for years, according to company documents dated between 2016 and 2022. Despite this knowledge, the electric car maker has sought to blame…
US EV Sales Slowdown: Just a Blip or a Bust?
According to a recent Bloomberg report, the sluggish start to US electric vehicle (EV) sales in 2024 may not be as concerning as it initially appears. While some indicators point to a potential slowdown, others suggest an industry on the…
Musk Blasts Biden’s Tariffs on Chinese EVs
Musk Slams New US Tariffs Tesla CEO Elon Musk has come out strongly against the new US tariffs on Chinese electric vehicles (EVs). His comments follow President Joe Biden’s decision to drastically increase these tariffs, quadrupling them in the process.…
Norway’s Electric Vehicle Revolution: A Model for the World
Norway’s forward-thinking policies have propelled electric vehicles (EVs) to dominate 82% of new car sales in 2023, reports Forbes, outpacing the US and China, and setting a global standard for EV adoption. Government Action Sparks EV Boom In 2023, over…
Tesla Cuts Model Y Production in China Amid Fierce Competition
Tesla is cutting back on Model Y production in China due to increased competition and a slowing market, according to Barron’s. This move might impact Tesla’s second-quarter delivery expectations and raises concerns about demand growth. Chinese EV Market Challenges The…
Lucid Group Cuts Workforce Amid Restructuring
Lucid Group is cutting around 400 jobs, about 6% of its workforce, as part of a restructuring plan to optimize operating expenses. The move has impacted the stock price. Lucid Job Cuts and Financial Impact Lucid Group is reducing its…
PepsiCo Expands Tesla Semi Fleet in California
PepsiCo Adds 50 Tesla Semi Trucks to Fresno Fleet PepsiCo is boosting its electric vehicle lineup with 50 new Tesla Semi trucks, set to operate from its Fresno, California, facility in the coming months. Key Points “Our fleet electrification is…
Tesla Opens New Showroom in Sweden
New Tesla Store in Stockholm Tesla has just opened a new showroom in Stockholm, Sweden, located at Sveavägen 21. The EV company shared the news on X / Twitter, inviting fans to visit and take photos. Showcasing Innovations Inside the…
Tesla Cybervessel Sells Out in Hours
New Release Creates a Buzz Tesla’s latest accessory, the Cybervessel, has caused quite a stir. Priced at $70, this high-tech container sold out in mere hours after its U.S. release. Product Features The Cybervessel boasts impressive features: double-walled stainless steel…
Boris Johnson’s Wild Tesla Ride in LA: The Future of Driverless Cars
Boris Johnson, former UK Prime Minister, recently took a spin in a driverless Tesla around the hectic streets of Los Angeles. In his article for the Daily Mail, he shares his exhilarating experience, shedding light on the safety, innovation, and…
Demand for Used Tesla Model Y Soars as Prices Drop
Sales of used Tesla Model Y cars are surging as their prices fall significantly. The trend reflects a broader shift in the electric vehicle (EV) market, where both new and used EV inventories are increasing, leading to lower prices and…
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