Ford to Delay Production of New Electric Pickup and Large SUV as US EV Sales Growth Slows
With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup. The Dearborn, Michigan, company…
Tesla’s Sales Drop 9% for First Decline in Four Years as International EV Competition Revs up
Tesla posted its first year-over-year drop in quarterly car deliveries since 2020, stoking concerns about the company’s global market share as international competition has revved up. Elon Musk’s electric car maker on Tuesday said it delivered 386,810 vehicles globally in…
China Vows to Pull Out All the Stops for EV Supply Chain Buildup
The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on R&D. Business executives and senior government officials involved in EV policy announced plans…
A Quarter Of EVs Sold In Europe This Year Will Be Made In China, NGO Predicts
In Europe, electric vehicles made in China are common, even though it might not seem like it at first. Last year, out of the roughly 300,000 EVs sold in the European Union, 19.5% were made in China, and that number…
White House Softens EV Mileage Rule in a Win for Futomakers
The Biden administration on Tuesday handed Detroit automakers a major win by easing proposed rules that would have forced them to scale back production of gas-guzzling vehicles or face billions of dollars in fines. The Department of Energy decision, first…
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…
U.S. Electric Vehicle Investments Have Grown to $188 Billion, Almost 200,000 Jobs
A year and a half after the passage of the Inflation Reduction Act (IRA) accelerated the U.S. markets for electric vehicle and battery manufacturing, a new report by Environmental Defense Fund and WSP USA finds continued strong growth. The report,…
The EU Just Got a Step Closer to Hitting Chinese EVs With Additional Tariffs
The European Union is moving closer to imposing additional tariffs on Chinese electric vehicles entering the bloc, citing new proof that the government in Beijing is providing illegal financial support for the industry. The European Commission, the EU executive’s arm,…
Ford U.S. Sales Jump 10.5% in February, Beating Toyota for Second Straight Month
Ford sales charged higher in February, making the Dearborn-based automaker the No. 1 seller in America for the second straight month. Ford also noted hybrid and EV sales gains, highlighting the importance of its electrified powertrains. Ford reported February sales…
Yellen Praises Ties With Chile, a Vital Part of EV Supply Chain
Treasury Secretary Janet Yellen said the US is likely to increase mineral imports from Chile, a key supplier of lithium used in the batteries that power electric vehicles. Wrapping up a trade-focused visit to the South American country, Yellen said…
