electric vehicle News Updates

Business, Technology

GM Misses 2023 EV Goal by Half as Production Woes Persist

General Motors Co. missed its goal of producing 150,000 electric vehicles last year, with about half of them being new models built using its Ultium battery pack, by a significant margin.

January 4, 2024
Business, Technology

VW Sees Positive Results for Potential Breakthrough Battery

Volkswagen said its battery startup has seen positive results with solid-state cells for electric vehicles, a win for the carmaker as it pushes to make EVs more efficient and less expensive.

January 3, 2024
Business, Technology, Autonomous

Tesla Beats Q4 Delivery Forecast, Falls Behind BYD Globally

Tesla Inc. delivered more vehicles than expected in the fourth quarter, though not enough for the Elon Musk-led company to stay ahead of China’s BYD Co. in global electric car sales.

January 2, 2024
Government, Business, Technology

Electric Car Models Eligible for $7,500 Tax Credit Cut to 13

The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1.

January 2, 2024
Government, Business, Technology

US Weighs More Tariffs on Chinese Goods, Including EVs

President Joe Biden’s administration is weighing a tariff increase on Chinese electric vehicles and other goods, according to people familiar with the matter.

December 21, 2023
Business, Fuel, Autonomous

Tesla Analysts Eyeing EV Slowdown Turn More Cautious on 2024

Wall Street’s outlook on Tesla Inc. is darkening rapidly, with at least two analysts turning more cautious on the electric vehicle maker in as many days.

December 19, 2023
Business, Technology

EV Inventories Hit Record High in US as Cars Pile Up on Lots

Electric vehicle inventories on U.S. dealer lots reached a new high in December, with a 114-day supply that was more than double what it was a year ago.

December 15, 2023
Business, Technology

BMW Expects EV Sales to Keep Growing but at a Slower Pace

BMW AG remains bullish on battery-powered electric vehicles in the U.S., even though it’s expecting the sector’s market share gains to slow.

December 14, 2023
Government, Business, Technology

Maine Considering California-Esque EV Sales Incentives

Maine environmental regulators will decide next week whether the state should join others in adopting California-style regulations to limit the sale of new gas-powered vehicles.

December 13, 2023
Business, Technology

Ford Cuts Electric F-150 Plans in Ominous Sign for EV Market

Ford Motor Co. is cutting 2024 production goals in half for its F-150 Lightning plug-in pickup truck — its signature electric vehicle — due to slowing demand for battery-powered models.

December 12, 2023