Global EV And PHEV Sales Jump 21% In July But Fall In Europe
It’s no secret that the growth of the EV sector cooled through the first few months of the year, but according to market research firm Rho Motion, they have rebounded strongly, and alongside PHEVs, sales jumped by 21% in July…
US Automakers Pump the Brakes on EV Plans
Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already delayed the launch of the planned…
European Battery Manufacturer Pauses Development As EV Demand Cools
Troubling news for the electric vehicle market emerged from Europe on Tuesday. The first was the collapse of Porsche Taycan prices, and second, a battery plant owned by Stellantis and Mercedes-Benz halted development. All of this signifies sliding EV demand…
California to Get Nearly $64M for EV Charging
California is poised to receive nearly $64 million in federal funding for electric vehicle charging and infrastructure. U.S. Rep. Zoe Lofgren (D-CA) announced on Tuesday that the U.S. Department of Transportation’s Federal Highway Administration (FHA) will distribute $63,702,988 to the…
China EV Stocks Sink on Reports of US Tariffs
Shares of major Chinese electric vehicle makers fell on Friday, after multiple reports said that the U.S. was preparing more tariffs against Chinese companies, specifically aimed at EVs and other key sectors. Li Auto Inc (HK:2015) (NASDAQ:LI), NIO Inc (HK:9866)…
EV Euphoria is Dead. Automakers are Scaling Back or Delaying Their EV Plans
The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted…
US on Track to Meet 50% EV Target by 2030 Despite Slowing Growth
The US remains on track to meet ambitious targets for electric vehicle adoption despite signs of waning demand, according to Energy Secretary Jennifer Granholm. Speaking at an electric vehicle battery plant in Moses Lake, Wash., on Thursday, Granholm projected the…
