F-150 Lightning, Mustang Mach-E, and the Skunkworks platform — Dearborn’s electric bet, tracked.
A new study by economists has taken a hard look at the $7,500 tax credit for U.S.-made electric vehicles (EVs) under the Inflation Reduction Act (IRA). The findings? It’s complicated, but there’s a silver lining. According to The New York Times, Americans are seeing a two-to-one return on their investment in these subsidies. The Good,…
Rivian, the electric vehicle manufacturer, has announced a significant reduction in its production forecast for this year due to a parts shortage. This news comes from The Verge, highlighting the ongoing challenges faced by the EV industry. Production Cuts and Missed Expectations Rivian’s revised production estimate now stands at 47,000-49,000 vehicles for the year, a…
Tesla’s latest quarterly report has injected a dose of optimism into the electric vehicle sector. The EV pioneer saw a 6.4% year-over-year increase in global sales for Q3 2024, delivering 462,890 vehicles from July through September. This marks Tesla’s first quarterly growth in 2024, as reported by The New York Times. Clever Financing Fuels Sales…
The Trump campaign has launched a provocative new ad in Michigan, taking aim at the Biden-Harris administration’s electric vehicle (EV) policies. This move has ignited a fiery debate in the crucial swing state, known for its deep-rooted automotive heritage, as reported by Politico. Controversial Claims and Republican Political Strategy Trump’s ad boldly claims that Vice…
EVgo, a major player in the electric vehicle charging space, saw its stock soar an impressive 61% following a bullish call from J.P. Morgan. This dramatic rise highlights the growing interest and potential in the EV charging market, as reported by Barron’s. J.P. Morgan’s Bullish Stance J.P. Morgan analyst Bill Peterson upgraded EVgo shares from…
The UK’s auto industry is sounding the alarm over sluggish electric vehicle (EV) sales, warning that missing government-set targets could lead to hefty fines for manufacturers and pricier cars for consumers. This news comes from a Financial Times report detailing the industry’s plea for tax incentives to boost the EV market. Industry Warns of Missed…
Tesla’s upcoming Robotaxi Day could be a pivotal moment for the electric vehicle giant and its CEO, Elon Musk. According to a Barron’s article, the event on October 10 in Hollywood, California, may determine whether Tesla regains its position among the “Magnificent Seven” tech companies or becomes just another automaker in a crowded EV market.…
Toyota’s plans for U.S.-built electric vehicles have hit a speed bump. According to a report from Nikkei, the Japanese automaker is pushing back its timeline for American-made EVs by several months, reflecting ongoing challenges in the electric vehicle market. Kentucky and Indiana Plants Face Setbacks The company’s initial goal was to start producing a three-row…
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