Electric Car News Electric Vehicle Sales Are Stumbling Here’s Why
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Even BYD Can’t Escape Declining EV Sales
Even industry leader BYD isn’t immune to slowing EV demand. Here’s what’s driving the sales slump and what it means for the global market. Read More
US motor vehicle sales drop in October as EV subsidies expire
Sales of U.S. light vehicles fell in October as the expiration of federal government subsidies undercut demand for battery-powered electric cars, and an easing labor market and looming higher prices ... Read More
GM bets big on electric cars even as market slows
Electric vehicle sales in the U.S. trail other major car markets where General Motors does business, which was not expected to be the case when GM first planned its broad EV portfolio. Though the ... Read More
EV sales break record with 2.1 million units sold worldwide in September
Global sales of fully electric and plug-in hybrid vehicles rose 26% in September from a year ago to a record 2.1 million units, driven by strong demand in China and a late U.S. tax-credit rush, market ... Read More
Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion
General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets. By Neal E. Boudette The slowdown in electric car sales ... Read More
Elon Musk’s Tesla hikes lease prices on all electric cars as US tax credit expires
Tesla has raised lease prices for all its vehicles in the US after a $7,500 federal tax credit that helped boost electric vehicle sales expired, according to the company’s website on Wednesday. The ... Read More
Electric car sales soar to record heights as Labour claims victory for launching £650m grant
September saw records broken for the largest amount of new electric vehicles sold in a month, according to new data, with Labour celebrating the impact of the new £650million Electric Car Grant. New ... Read More
Ferrari lifts the hood on EV tech in maiden electric car
Showcases Elettrica's tech at Capital Markets Day First EV marks milestone and completes powertrain line-up Ferrari developed bespoke sound system Model integrates 60+ patents, recycled aluminium ... Read More
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