Every EVXL story tagged “GM” — newest first.
In a surprising move highlighting the complex interplay between business and politics, Tesla has joined forces with other major EV manufacturers to support California’s low-carbon fuel standard, according to Politico. Auto Industry Shows United Front Tesla, along with Hyundai, GM, Audi, and Rivian, sent a joint letter to California lawmakers on October 24, strongly endorsing…
Mercedes-Benz is facing significant headwinds as it reports a dramatic drop in profits and EV sales for Q3 2023, according to a Financial Times report. EV Sales Take a Hit Pure electric vehicle sales plummeted 31% year-over-year in Q3, though plug-in hybrid sales showed a modest 10% increase. The luxury automaker’s CFO Harald Wilhelm didn’t…
Tesla’s CEO Elon Musk has made a bold prediction about the future of transportation, claiming that manually-driven vehicles will soon become as obsolete as horses, according to a report from Fortune covering Tesla’s third-quarter earnings call. The Death of Manual Driving Musk didn’t mince words about where he sees the auto industry heading. “We’ve made…
Volvo Cars has significantly cut its annual sales growth forecast and shifted its all-electric timeline as market pressures mount, according to the Financial Times. Growth Forecast Takes a Hit The Swedish automaker now expects just 7-8% retail sales growth this year, less than half of its July projection of 12-15%. Despite posting a strong Q3…
Tesla has significantly reduced prices for its futuristic Cybertruck, potentially aiming to sustain momentum and boost sales. This move comes as the electric pickup truck jumps to the No. 3 spot among best-selling EVs in the U.S., reports Forbes. Price Cuts Across the Board The all-wheel drive (AWD) Cybertruck now starts at $79,990, down from…
Mini’s just shaken up the hot hatch world with its first-ever electric John Cooper Works models. The iconic British brand debuted the JCW Electric and JCW Aceman, both packing some serious electric punch. Car and Driver reports on this electrifying news. Identical Powertrains, Different Packages Both new models are rocking the same electric setup: The…
A groundbreaking study from the University of Toronto has uncovered significant population-level health benefits associated with the widespread adoption of electric vehicles (EVs). The research, published in the Proceedings of the National Academy of Sciences, used computer simulations to predict the impact of aggressive EV adoption coupled with renewable energy expansion. Billions in Health Benef
The Tesla Cybertruck has stunned industry watchers by becoming the third best-selling electric vehicle in the U.S. for Q3 2023, despite its hefty price tag. This surprising development was reported by Cox Automotive, which owns Kelley Blue Book (KBB). Cybertruck’s Unexpected Success Despite an average transaction price of over $116,000 in September, the Cybertruck managed…
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