Tesla posted a modest upturn in sales for the third quarter after losing ground during the first half of the year. And it wasn’t alone. EVs, PHEVs and conventional hybrids staved off what could have been a much sharper downturn for the U.S. auto industry, helping prop up major manufacturers including General Motors, Ford, Toyota and Mitsubishi.
September and third quarter sales proved disappointing for automakers after months of steady gains. But electrified vehicles created a bright spot for GM and several other manufacturers — and accounted for nearly half of Toyota’s sales in the U.S.
Conventional wisdom might seem to suggest that EVs have come unplugged, with traditional automakers such as Ford Motor Co. and Volkswagen AG pulling back on their plans to go all-electric. But don’t tell that to the folks in Norway. As contributing editor Joe Szczesny discovered during a visit this week, you’ll have to look hard to find a new vehicle drawing power from a tank of gasoline.
Solid sales gains in August point to a robust finish for the year as fear of a recessions in the auto business recede, interest rate cut looms on the horizon, and buyers take a closer look at hybrids and newer EVs. Sales of new cars and trucks continued to gain...
It was billed as an “interview” with presidential candidate Donald Trump but billionaire entrepreneur Elon Musk used the Monday night event on social media service X to promote the benefits of EVs – those from Tesla, in particular. It’s no easy sell, at least to the former president’s followers.
Vietnamese EV start-up VinFast announced a “prudent,” 3-year delay in the opening of its first U.S. assembly plant. It’s the latest in a series of setbacks for the automaker which suffered a wave of harsh reviews for its initial offering, the VF 8 crossover.
It’s become conventional wisdom that EV sales are slowing. With one high-profile exception, the latest numbers would tell you quite the opposite is true. As data roll in for June and the second quarter we’re seeing a number of manufacturers reporting solid increases...
In years past, Donald Trump has declared he is “all for” EVs, but you’d have a hard time believing it based on the claims made during a weekend campaign rally. Declaring battery power a “hoax,” the presumptive GOP nominee for president insisted there are “no chargers,” and that EVs are so heavy they’d destroy every bridge in the country. He also warned during a stop in Las Vegas that electric boats can’t float, among other problems.
The growth of the U.S. EV market may be slowing for the auto industry overall, General Motors sales were charged up, according to CEO Mary Barra, who said the automaker had its “best month ever” in May. But the automaker is still ready to adjust its electrification plans.
Gov. Glenn Youngkin announced Wednesday that Virginia is walking away from the California electric vehicle mandate which he termed “misguided” and “fundamentally wrong.” Seventeen states and the District of Columbia have adopted the rules which set strict targets for the adoption of zero-emission vehicles, primarily EVs. The move by Youngkin, a Republican, faces legal challenges, however.
With its all-electric SUV winning harsh criticism and low demand, Vietnamese automaker VinFast appears to be rethinking its commitment to set up a $4 billion U.S. assembly complex. There’s growing concern the North Carolina facility will be delayed, even cancelled.
If you’ve got a friend claiming they’ll never buy an electric vehicle, check back with them in a few years. They’ll likely be sharing their secret charging spot with other EV owners, according to a new study. Get the details about the evolution of EV buyers at Headlight.News.