More US Auto Buyers are Turning to Hybrids as Sales of Electric Vehicles Slow
America’s automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years, spurred by buyers determined to reduce carbon emissions and save on fuel. But so far, while EV sales are growing, their…
With Electric Vehicle Sales Skyrocketing in the U.S., the Electric Vehicle Charging Summit & Expo Returns to Las Vegas
Electric vehicles are now selling at a rate of more than 1M per year. Can charging infrastructure keep up? Who will be the winners and losers in the new EV economy? The 2024 EV Charging Summit & Expo answers these…
US Electric Vehicle Sales to Hit Record in ’23
Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U.S. this year. That will be up from 7.3% of new car sales in 2022.It will be the first time more than 1 million…
New Car Sales in EU up by 14.6% as EVs Record 36% Growth
New car sales in the European Union climbed 14.6% in October, with a significant uptick in fully electric car sales contributing to the surge. Hybrid electric vehicles constituted nearly 30% of total vehicles sold in the economic bloc. The European…
EV Charging Company ChargePoint Plunges as Sales sag, Executives Replaced
ChargePoint Holdings Inc. shares plummeted in early trading after the company posted disappointing quarterly revenue and swapped out two of its top executives.The electric-vehicle charging company said revenue slumped to between $108 million and $113 million for the quarter that…
VinFast Plans U.S. Dealer Network with 125 Sales Points in First Phase
VinFast Auto Ltd. (the “Company” or “VinFast”) (NASDAQ: VFS) today at Electrify Expo 2023, announced its aggressive plans for expansion across the U.S. with more than 70 dealer applications in hand. Updates on dealer agreements are expected to be announced…
KIA AMERICA POSTS HIGHEST OCTOBER SALES IN COMPANY HISTORY
Kia America earned eight honors in the 2023 Newsweek Autos Awards. The brand was recognized as the Most Innovative Vehicle Brand and for offering the Best SUV Lineup. Individual vehicle awards included: Best Minivan for the Kia Carnival (third year…
France Leads EU’s Electric Vehicle Charge as Stellantis Posts Huge Uptick in Sales
Stellantis, created in 2021 from the merger of Italian-American Fiat-Chrysler and French PSA, announced an 11% sales hike and a 7% rise in revenue for the third quarter of this year. While its revenue now stands at €45.1 billion, the…
EU-made EVs Would Cost $4,100 More In UK Under Post-Brexit Rules
If Britain and the EU fail to postpone post-Brexit trade rules dictating local content in electric vehicles traded between the bloc and the UK, average EU-made car prices will rise 3,400 pounds ($4,134) in January, a trade group said on…
US Inflation Reduction Act Boosts EV Sales: Tesla up 62%, Volkswagen up 42%
The U.S. Inflation Reduction Act (IRA) has been found to significantly impact the sales volumes of automobile manufacturers in the global electric vehicle (EV) market, excluding China. According to a study by the energy market research firm SNE Research, the…
