Rivian Automotive Faces Market Challenges Despite Production Growth
Analyst Downgrades Rivian Stock Amid Demand Concerns Rivian Automotive, a key player in the electric vehicle (EV) market, has seen its stock downgraded to ‘Hold’ from ‘Buy’ by Wolfe Research analyst Rod Lache. The downgrade reflects concerns about the company’s…
Tesla’s Model 3 Performance Emerges as an Attractive Option with 2024 EV Tax Credit
Updated Federal Tax Credit Alters Tesla’s EV Landscape The U.S. Treasury’s recent update on the federal electric vehicle (EV) tax credit, effective from January 2024, has reshaped the attractiveness of Tesla’s Model 3 configurations. With changes in eligibility, Tesla‘s Model…
Porsche’s Electrifying Feat: Taycan Sets New Nürburgring Record
Taycan Outruns Rivals with Record Lap Porsche has made a groundbreaking achievement at the Nürburgring with its pre-series Taycan, driven by Lars Kern, who set a remarkable lap time of 7:07.55 minutes. “I pushed as hard as I could, but…
Electric Shakeup: BYD Surpasses Tesla in Historic Sales Victory
BYD Surpasses Tesla in Electric Car Sales In a significant shift in the electric vehicle (EV) industry, China‘s BYD has overtaken Tesla as the world’s best-selling maker of electric cars. In the final quarter of last year, BYD, backed by…
Tesla’s Growing Footprint in Sweden Despite Union Challenges
Steady Increase in Market Share Amid Union Actions In December, Tesla saw a notable increase in new car registrations in Sweden, indicating a growing market presence despite facing union-led import hurdles. The data from Mobility Sweden revealed a 9% rise…
2025 Cadillac Escalade IQ: GM’s Electric Leap into Luxury SUV Market
Introducing the All-Electric Escalade IQ General Motors has taken a groundbreaking step in the luxury vehicle market with the introduction of the 2025 Cadillac Escalade IQ, an all-electric version of its iconic Cadillac Escalade. This move signifies a major shift…
Embracing the Future of Electric Mobility: A Heartfelt New Year’s Message from EVXL.co
Gratitude and Aspirations for 2024 EVXL.co extends its warmest gratitude to its dedicated readers as we bid farewell to another year of electric vehicle advancements. As we step into 2024, EVXL.co is thrilled to continue being your trusted source for…
Volkswagen Group Joins Tesla’s EV Charging Network
Volkswagen Embraces Tesla’s Charging Standard Volkswagen Group, a global automotive giant with brands such as Audi, Porsche, and Bentley, has announced its decision to adopt Tesla’s electric vehicle charging standard. This move places Volkswagen among the ranks of major automakers…
Tesla Expands in Shanghai with Megapack Battery Plant
Tesla’s Strategic Move into Battery Manufacturing in China Tesla Inc. has made a significant move in China‘s rapidly growing electric vehicle market by acquiring land in Shanghai to build a megapack battery manufacturing plant. The American electric vehicle (EV) giant…
VinFast Expands into the US with First Dealership Partnership
VinFast Partners with Leith Automotive Group in North Carolina Vietnamese electric vehicle (EV) maker VinFast marks a significant milestone by launching its first U.S. dealership in partnership with the North Carolina-based Leith Automotive Group. This strategic move is part of…
Xiaomi Enters Electric Vehicle Market with Ambitious Goals
Xiaomi’s First Electric Car: The SU7 Chinese smartphone giant Xiaomi has unveiled its first electric vehicle (EV), the SU7, marking its entry into the automotive industry. The sedan, symbolizing Speed Ultra, is anticipated for its “super electric motor” technology, promising…
EV Prices Set to Drop in 2024, Offering More Affordable Green Options
Declining Prices Amid Unsold Inventory: A Boon for EV Buyers Electric vehicle (EV) prices are expected to become more affordable in 2024 due to an oversupply on dealer lots. Despite federal and state tax credits, the demand for EVs hasn’t…
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