F-150 Lightning, Mustang Mach-E, and the Skunkworks platform — Dearborn’s electric bet, tracked.
Chinese automakers target emerging markets as US and EU raise barriers In a strategic shift, Chinese electric vehicle (EV) manufacturers are focusing on emerging markets as the US and Europe impose tariffs and restrictions on Chinese imports. This move could lead to Chinese dominance in the world’s most important developing economies, including Southeast Asia, Latin…
EV Maker Set to Rival Tesla’s Production Capacity In a significant development for the electric vehicle (EV) industry, Chinese EV maker Nio has secured approval to construct a third factory in China. This new facility, known as F3, will boost Nio’s total approved production capacity to an impressive 1 million cars annually, putting it nearly…
Electric vehicles (EVs) are not just a greener alternative to gas-guzzlers; they could also be the key to stabilizing the electrical grid. Automakers like Ford, GM, BMW, and Renault are exploring ways to use EV batteries for energy storage, potentially turning an expensive component into a valuable asset for both car owners and utility companies,…
High Prices and Lack of Charging Stations Remain Major Obstacles A new poll by The Associated Press-NORC Center for Public Affairs Research and the Energy Policy Institute at the University of Chicago reveals that many Americans are still reluctant to purchase electric vehicles (EVs), despite President Joe Biden’s efforts to dramatically increase EV sales. The…
Increased Competition, Lower Costs, and Tax Credits Drive Down Prices Electric vehicles (EVs) are becoming more accessible to a wider range of consumers as prices fall due to increased competition, lower raw material costs, and more efficient manufacturing. Federal tax credits of up to $7,500 for new EVs, combined with state incentives, are pushing prices…
Tesla’s upcoming annual general meeting (AGM) on June 13 faces potential hurdles as tens of thousands of international retail shareholders, holding around $17 billion in stock, may be unable to vote due to inadequate cross-border voting systems provided by investment platforms, reports the Financial Times. Key Resolutions and Challenges The electric vehicle maker is seeking…
Chancellor Confident in Germany’s Auto Industry Despite Challenges German Chancellor Olaf Scholz has praised Volkswagen AG’s move to develop affordable electric vehicles (EVs) priced from €20,000 ($21,696) as “very good.” Speaking at the East German Economic Forum in Bad Saarow, Scholz expressed his confidence in Germany’s automotive industry, stating that the country aims to remain…
First Car to Roll Out of Georgia Factory This Fall Hyundai’s Ioniq 5 will be the first electric vehicle produced at the company’s new factory in Georgia, starting in October. CEO Jose Muñoz expects the US-made version to be eligible for the full $7,500 federal EV tax credit, which the South Korea-made model currently doesn’t…
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