Tariffs, tax credits, mandates and regulators — the rules that shape the EV market.
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 would choose an EV over traditional gas-powered or hybrid vehicles, reports Reuters. Consumers Stick to…
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 drivers for these issues, claiming vehicle “abuse” rather than acknowledging defects. Premature Part Failures and…
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 verge of its next growth spurt. Mixed Signals in Q1 2024 In the first quarter…
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 Chinese electric vehicle (EV) market is highly competitive and showing signs of slowing down. Through…
Lucid Group is cutting around 400 jobs, about 6% of its workforce, as part of a restructuring plan to optimize operating expenses.
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 an important part of our pep+ (PepsiCo Positive) strategy and illustrates how sustainability is a…
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 future potential of autonomous vehicles. The Challenge of LA Traffic Navigating Los Angeles traffic is…
A New Era of Eco-Friendly Policing In a bold move toward sustainability and efficiency, the Anaheim Police Department has introduced six Tesla Model Y vehicles to its patrol fleet. This initiative, reportedly facilitated by Tesla’s upfitting division UP.FIT, represents a significant step in the adoption of electric vehicles (EVs) within law enforcement. These new patrol…
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