Time’s running out for GM to get its EVs right — and billions of dollars are on the line
freep.com/story/money/cars/mark-phelan/2023/11/04/gms-running-out-of-time-to-get-its-evs-right/71337035007/
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| Last Updated | Nov 04 23 |
| Total Articles | 1 |
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Electric cars: How good are they really?: The electric car should be the means of transport of the future. But does their share remain small? Why is it and how ...
quarks.de/technik/mobilitaet/e-autos-wie-gut-sind-sie-wirklich/
Investors Focus on Labor Costs as GM Prepares to Report Earnings: For 2024, GM expects an operating profit of about $13 billion, up from the $12 ...
barrons.com/articles/labor-contract-gm-earnings-94226fac
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GM shared our driving data with insurers without consent, lawsuit claims: Motorists file class action alleging breach of contract and more after their premiums ...
theregister.com/2024/04/23/gm_insurance_class_action/
GM And Ford Just Beat Tesla At Its Own Game: Some investors think General Motors and Ford might be better off dead. But the S&P 500 automakers are still beating ...
investors.com/etfs-and-funds/sectors/sp500-gm-and-ford-beat-tesla-at-its-own-game/
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
General Motors beats quarterly results targets, raises forecast: General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised ...
reuters.com/business/autos-transportation/general-motors-beats-quarterly-results-targets-raises-forecast-2024-04-23/
GM CEO Barra compensation fell 4% in 2023 to $27.8 million: General Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S ...
reuters.com/business/autos-transportation/gm-ceo-barra-compensation-fell-4-2023-278-million-2024-04-24/
Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’: Billionaire says ‘there is nothing I hate more’ than cutting staff as more than ...
theguardian.com/technology/2024/apr/15/tesla-cut-jobs-elon-musk-staff
Tesla, GM, and Ford Have Had Quite a Week. All the Numbers That Matter.: Tesla ended the quarter with less than 50% BEV market share in the U.S ...
barrons.com/articles/tesla-stock-gm-ford-electric-vehicles-5a765341
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Chicago Bears sign assistant GM Ian Cunningham to a contract extension: Ian Cunningham, who was was hired by Chicago Bears GM Ryan Poles in January 2022 ...
chicagotribune.com/2024/04/24/chicago-bears-ian-cunningham-contract-extension/
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
GM trucks drive Q1 profitability as EVs begin to gain traction: GM positive now that contract talks with the United Auto Workers are over, and its ability to ...
detroitnews.com/story/business/autos/general-motors/2024/04/23/gm-trucks-drive-q1-profitability-as-evs-begin-to-gain-traction/73425637007/
How China Can Keep the Global Electric Vehicle Market Aloft: BloombergNEF expects the country’s plug-in car sales to approach 10 million this year.
bloomberg.com/news/newsletters/2024-04-23/how-china-can-keep-the-global-electric-vehicle-market-aloft
How G.M. Tricked Millions of Drivers Into Being Spied On (Including Me): This privacy reporter and her husband bought a Chevrolet Bolt in December ...
nytimes.com/2024/04/23/technology/general-motors-spying-driver-data-consent.html
Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
Chinese EV battery maker CATL unveils LFP battery with 1,000 km range: Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron ...
reuters.com/business/autos-transportation/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range-2024-04-25/
You can power your home for 21 days with a Chevy Silverado EV and GM’s new bidirectional charger
electrek.co/2024/04/18/you-can-power-your-home-for-21-days-with-a-chevy-silverado-ev-and-gms-new-bidirectional-charger/
Tesla to lay off nearly 2,700 employees in Texas factory, notice shows: Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said ...
reuters.com/business/autos-transportation/tesla-lay-off-nearly-2700-employees-texas-factory-notice-shows-2024-04-23/
Quick Glance: Tesla to Lay Off Nearly 2,700 Employees in Texas Factory
- Tesla will lay off 2,688 employees at its Texas factory, as indicated in a notification.
- The layoff was done under the WARN Act, a U.S. labor law requiring companies with 100+ employees to notify ahead of planned closings or mass layoffs.
- Tesla announced that the layoffs will begin on June 14, amidst falling sales and an escalating price war.
- The global job cuts include 285 employees in Buffalo, New York, as part of another round of layoffs cutting over 10% of jobs.
GM Stock Accelerates After Earnings. Here's Why: General Motors beat expectations for the first quarter and raised its outlook for the year ...
kiplinger.com/investing/stocks/gm-stock-accelerates-after-earnings-heres-why
Automakers hope for a cut as two-way EV charging becomes real: Automakers from General Motors to Volvo Cars , alongside utilities and charging app operators are ...
reuters.com/business/autos-transportation/automakers-hope-cut-two-way-ev-charging-becomes-real-2024-04-22/
GM and Ford count on gas-powered trucks as EV growth slows: U.S. automakers General Motors and Ford face a challenge in common when they report first-quarter ...
reuters.com/business/autos-transportation/gm-ford-count-gas-powered-trucks-ev-growth-slows-2024-04-19/
Morning Bid: Risk asset resilience, Indonesia's rate call: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-23/
Morning Bid: Eyes on PMIs for rebound signs: A look at the day ahead in European and global markets from Tom Westbrook
reuters.com/markets/europe/global-markets-view-europe-2024-04-23/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Ford just reported a massive loss on every electric vehicle it sold: Ford’s electric vehicle unit reported that losses soared in the first quarter to $1 ...
cnn.com/2024/04/24/business/ford-earnings-ev-losses/
Falcons GM explains shocking selection of Michael Penix Jr. that left Kirk Cousins 'disappointed'
cbssports.com/nfl/news/falcons-gm-explains-shocking-selection-of-michael-penix-jr-that-left-kirk-cousins-disappointed/
Quick Glance: Falcons Surprise by Drafting QB Michael Penix Jr.
- The Atlanta Falcons made waves at the NFL draft by selecting Washington quarterback Michael Penix Jr. with the eighth overall pick, shocking many.
- Despite recently signing Kirk Cousins to a lucrative deal, the Falcons opted for Penix, highlighting their long-term vision for the team.
- Penix expressed readiness to learn from Cousins, while the Falcons firmly believe he could be their future franchise player.
- Amid past controversial picks, the Falcons stand by their decision, aiming to follow successful team models by grooming Penix as the successor to Cousins.
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck: Tesla is recalling 3,878 of its 2024 Cybertrucks after it discovered that the ...
ctvnews.ca/autos/tesla-recalling-nearly-4-000-cybertrucks-because-accelerator-pedal-can-get-stuck-1.6854090
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
GM Raises Profit Guidance as Truck Sales Overshadow China Slump: General Motors Co. expects better profit this year after a strong first quarter ...
bloomberg.com/news/articles/2024-04-23/gm-raises-profit-guidance-as-truck-sales-overshadow-china-slump
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Driver arrested over multi-vehicle accident in Tampines that killed two people: SINGAPORE: A 42-year-old car driver has been arrested for dangerous driving ...
channelnewsasia.com/singapore/tampines-accident-driver-arrested-two-killed-4284941
BYD’s Push Into Electric SUVs and Premium Cars Is a Threat to More Than Just Tesla
barrons.com/articles/byd-tesla-stock-models-0d9d7fc9
Paid articlePaid Tesla shares drop on price cuts in run-up to earnings: Tesla fell more than 3% in premarket trade on Monday, as its latest global price cuts fanned Wall Street ...
reuters.com/business/autos-transportation/tesla-shares-drop-price-cuts-run-up-earnings-2024-04-22/
Toyota Prius Recalled Because the Rear Doors May Open When the Car Is in Motion: 2023-24 Prius hybrids and Prius Prime PHEVs are under recall. Water can ...
consumerreports.org/cars/car-recalls-defects/toyota-prius-recall-rear-doors-may-open-when-car-in-motion-a3801485577/
General Motors (GM) Ends OnStar Smart Driver Program After Privacy Complaints: General Motors Co. has ended its OnStar Smart Driver program after customers ...
bloomberg.com/news/articles/2024-04-24/gm-ends-onstar-driver-safety-program-after-privacy-complaints
RenCen isn’t an architectural jewel. Tear it down. | Letters to the Editor: General Motors is moving out of Detroit's RenCen. Freep readers share thoughts on ...
freep.com/story/opinion/readers/2024/04/18/gm-rencen-renaissance-center-detroit-waterfront-repurpose-demolition/73356433007/
Central Pa. beer wholesaler prepares to roll out electric freight trucks: The company will acquire eight electric vehicle freight tractors to permanently replace ...
pennlive.com/life/2024/04/wilsbach-distributors-goes-electric-with-its-freight-trucks-shows-off-high-tech-facility.html
Genesis Recalls More Vehicles That May Lose Power While Driving: Genesis is recalling over 31,000 additional GV70 and GV80 SUVs and G80 and G90 sedans from the ...
consumerreports.org/cars/car-recalls-defects/genesis-recalls-more-cars-suvs-for-stalling-risk-a4737773112/
Doyel: Colts GM Chris Ballard wants playmakers for QB Anthony Richardson in 2024 NFL Draft
indystar.com/story/sports/columnists/gregg-doyel/2024/04/19/colts-offseason-puts-pressure-on-gm-chris-ballard-in-2024-nfl-draft/73339407007/
Automakers hope for a cut as two-way EV charging becomes real: Automakers from General Motors to Volvo Cars , alongside utilities and charging app operators are ...
reut.rs/4aEL8iG
2 children dead, 15 people injured after vehicle crashes into building holding child's birthday party
abcnews.go.com/US/michigan-swan-boat-club-vehicle-birthday-party-crash/story
Quick Glance: Sibling Fatally Hit by Car at Birthday Party
- A young brother and sister died, and several people were injured, some seriously, when a vehicle driven by a suspected drunken driver crashed into a young child's birthday party at a boat club in Berlin Township, Michigan, on Saturday.
- An 8-year-old girl and her 5-year-old brother died in the crash, as a 66-year-old woman drove about 25 feet into the building, according to Monroe County Sheriff Troy Goodnough.
- Three children and six adults were taken to hospitals with life-threatening injuries, while others received first aid on site and some were transported by private vehicles.
- The driver was taken into custody and is suspected of operating a vehicle under the influence of alcohol causing death. Further charges may be pending as the investigation continues.
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck: Tesla is recalling nearly 4,000 of its 2024 Cybertrucks after it discovered ...
chicagotribune.com/2024/04/19/tesla-cybertruck-recall/
GM will relocate headquarters from RenCen to Detroit's new Hudson's building: GM CEO Mary Barra and Rocket Companies CEO Dan Gilbert announced that GM will move ...
freep.com/story/money/cars/general-motors/2024/04/15/gm-headquarters-rencen-detroit-hudsons-tower/73328040007/
Bentley’s New Mulliner Will Have Its Most Powerful W-12 Engine Ever: Bentley has announced that its third coachbuilt Mulliner model will be one of its final ...
robbreport.com/motors/cars/bentleys-next-coachbuilt-model-among-final-w-12s-1235596348/
GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share
electrek.co/2024/04/23/gm-hopes-35k-chevy-equinox-ev-win-back-market-share/
Ford Bronco Sport SUVs and Maverick Pickups Recalled for Loss of Power While Driving
consumerreports.org/cars/car-recalls-defects/ford-recalls-bronco-sport-and-maverick-for-loss-of-power-a2834960968/
Drivers, start your electric motors!: Imagine an auto race with speed but no engine noise. That battery-powered future is already here, with Formula E.
washingtonpost.com/climate-solutions/2024/04/23/electric-vehicles-motorsports-formulae/
US opens probe into 3,322 GM Cadillac Lyriq EVs over loss of brake assist: The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has ...
reuters.com/business/autos-transportation/us-opens-probe-into-over-3300-gm-cadillac-lyriq-vehicles-over-loss-brake-assist-2024-04-15/
Cybertruck owners allege pedal problem as Tesla suspends deliveries: Owners will have to wait until April 20 for deliveries to resume.
arstechnica.com/cars/2024/04/tesla-stops-cybertruck-deliveries-accelerator-pedal-may-be-to-blame/
Quick Glance: Tesla Cybertruck: Pedal Safety Issues
- The Tesla Cybertruck has faced criticism for various issues, but now a serious safety concern with the accelerator pedal has led to the temporary halt of deliveries.
- A video and reports show that the pedal cover can come loose and jam, causing unintended acceleration even when the foot is not on the pedal.
- Deliveries have been halted, appointments rescheduled and canceled as Tesla investigates acceleration issues. A regulatory investigation looms over the company, potentially requiring a recall of all trucks.
- Some drivers have attempted to manually remove the pedal cover, indicating a potentially serious safety issue that cannot be resolved through software.
Tesla Semi has been pushed ‘well beyond expectations’ by a new customer: Tesla has delivered its Tesla Semi, an electric semi truck, to a new customer for a ...
electrek.co/2024/04/17/tesla-semi-pushed-well-beyond-expectations-new-customer/
Ben Gvir lightly hurt, taken to hospital as car flips after collision; witness says he ran a red light
timesofisrael.com/liveblog_entry/ben-gvir-lightly-hurt-taken-to-hospital-as-car-flips-after-collision-witness-says-he-ran-a-red-light/
Tesla notifies thousands in Texas and California of impending layoffs: Tesla let thousands of employees in two states — California and Texas — know it will be ...
foxbusiness.com/technology/tesla-notifies-thousands-texas-california-impending-layoffs
Woman starts Tesla update in the blazing sun and is then trapped: Cars get very hot in summer. A young woman from the USA had to experience this for herself ...
stern.de/auto/frau-startet-tesla-update-in-der-prallen-sonne-und-ist-danach-gefangen-34628428.html
Six taken to hospital after multi-vehicle accident on PIE: The multi-car crash followed another multi-vehicle tragedy in Tampines earlier in the day.
straitstimes.com/singapore/six-taken-to-hospital-after-multi-vehicle-accident-on-pie
Video shows 100mph drunk-driver Miley Connors who had child in car: A police officer said it was "one of the worst pieces of driving I have ever seen".
bbc.com/news/av/uk-england-oxfordshire-68835711
Quick Glance: Child Endangered: Driver Speeds at 100mph on Hard Shoulder
- A reckless driver accelerated to over 100mph on the hard shoulder, causing an accident and then exiting the vehicle to urinate as his child fled the car.
- Miley Connors, 37, drove down the M40 in December 2021 in a silver Mercedes-Benz SUV, a pursuit described by the police as the worst they had ever seen.
- Numerous calls were made to emergency services after other terrified drivers witnessed Connors driving on the motorway in Warwickshire.
- He then moved into Oxfordshire and Buckinghamshire, maneuvering in and out of traffic at high speed.
Tesla Announces Steep Employee Cuts Amid Revenue Drop: Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in ...
huffpost.com/entry/tesla-layoffs-california-texas_n_66282c39e4b096c7bac6847b
Tesla to lay off more than 3,000 employees in California, notices show: Tesla is set to cut 3,332 jobs in California, the electric-vehicle maker said in multiple ...
reuters.com/business/autos-transportation/tesla-lay-off-more-than-3000-employees-california-notices-show-2024-04-23/
Sharjah offers free vehicle damage certificate for residents affected by rains - News | Khaleej Times
khaleejtimes.com/uae/sharjah-free-damage-certificate-offered-now-for-affected-residents
Tesla Cybertruck owner gets quoted over $30,000 for Powershare installation: A Tesla Cybertruck owner has been quoted over $30,000 for a Powershare installation ...
electrek.co/2024/04/25/tesla-cybertruck-owner-quoted-over-30000-powershare-installation/
Tesla’s net income drops 55% in first quarter amid falling global sales - National | Globalnews.ca
trib.al/MIpAJGd
Volkswagen Workers Vote ‘Yes’ to a Union. What That Means for GM and Ford.: Volkswagen employees in Tennessee agree to be represented by the United Auto Workers.
barrons.com/articles/volkswagen-union-vote-172e3498
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Honda to spend $11 billion on electric vehicle strategy in Canada: The move is meant to tap long-term demand in North America and pushes the automaker toward ...
japantimes.co.jp/business/2024/04/26/companies/honda-electric-vehicle-investment-canada/
Officer's gun taken in fatal shooting in Chicago: Sources: The 30-year-old officer was killed while returning home from work, police said.
abcnews.go.com/US/slain-chicago-police-officer-luis-huescas-gun-shooting/story
Musk says Tesla's Full Self-Driving may enter China very soon: Tesla chief Elon Musk on Saturday said the electric-vehicle (EV) maker may make Full Self-Driving ...
reuters.com/business/autos-transportation/musk-says-teslas-full-self-driving-may-enter-china-very-soon-2024-04-20/
SMRT bus driver, 58, dies after crashing vehicle into tree in Woodlands: No commuters were on board at the time of the accident.
straitstimes.com/singapore/smrt-bus-driver-58-dies-after-crashing-vehicle-into-tree-in-woodlands
The tragedy which took the lives of 10 students: Samad Al Shan: Ten students aged between 10 and 15 years old died when their vehicle was washed away in a ...
omanobserver.om/article/1152370/oman/weather/the-tragedy-which-took-the-lives-of-10-students
Stockland and Ampol rev up superfast EV charging stations: Property landlord Stockland has joined forces with fuel supplier Ampol to roll out AmpCharge fast and ...
smh.com.au/business/companies/stockland-and-ampol-rev-up-superfast-ev-charging-stations-20240422-p5flsa.html
Road user charges: Are EVs still cheaper to run than petrol cars?: Owners of some EVs now pay the same road user charges as diesels - so is it still worth it?
rnz.co.nz/news/top/514269/road-user-charges-are-evs-still-cheaper-to-run-than-petrol-cars
Tesla previews ridesharing app feature for its robotaxi: As Tesla shared its figures for the first quarter on Tuesday, the automaker also previewed the app that ...
digitaltrends.com/cars/tesla-previews-ridesharing-app-feature-for-its-robotaxi/
GM to Move Headquarters to Dan Gilbert’s Hudson’s Tower in Detroit: General Motors Co. will move its downtown Detroit headquarters across the city next year to ...
bloomberg.com/news/articles/2024-04-15/gm-said-to-plan-move-to-dan-gilbert-s-hudson-s-tower-in-detroit
Paid articlePaid China's BYD names electric pickup truck BYD Shark: Chinese electric vehicle maker BYD said on Monday its electric pickup truck will be called BYD Shark and will ...
reuters.com/business/autos-transportation/chinas-byd-names-electric-pickup-truck-byd-shark-2024-04-22/
GM just opened a sprawling new design center that will help shape the future of its cars
fastcompany.com/91073623/general-motors-new-design-center-is-a-huge-expansion-of-its-car-design-capabilities
NFL teams know the best way to draft, so why aren’t they doing it?: Only a few teams are curious enough to think differently, and even fewer are disciplined ...
theathletic.com/5416007/2024/04/16/nfl-drafting-methods-insight-massey-thaler/
Tesla Cybertruck breaks down after going through car wash: Bulletproof truck does not appear to be waterproof, user jokes
independent.co.uk/tech/tesla-cybertruck-car-wash-breakdown-b2532510.html
Insurance: Comprehensive or third-party liability, what’s the difference?: Knowing the main difference is key to making a decision that works for you
gulfnews.com/your-money/community-tips/insurance-comprehensive-or-third-party-liability-whats-the-difference-1.1713455746424
A new long-life electric car battery with a 1.5 million km warranty could spell end of longevity concerns
irishtimes.com/motors/2024/04/17/a-new-long-life-electric-car-battery-with-a-15-million-km-warranty/
Thor's All-Electric Recreational Vehicle Is a Harbinger of Future Fun: Harbinger Motors is partnering with Thor Industries to create an all-new Class A RV using ...
motortrend.com/news/the-harbinger-of-thors-all-electric-recreational-vehicle-future/
The RenCen after GM: What the future could hold for Detroit architectural landmark
freep.com/story/money/business/2024/04/21/detroit-renaissance-center-future-after-gm/73359970007/
China's Huawei launches new software brand for intelligent driving: Chinese tech company Huawei (HWT.UL) unveiled on Wednesday a new software brand for ...
reuters.com/technology/chinas-huawei-launches-new-software-intelligent-driving-2024-04-24/
Ford, GM Stock Price Targets Are Rising. Wall Street Trims Tesla Stock.
barrons.com/articles/tesla-stock-ev-ford-gm-1096b617
Paid articlePaid Volvo and CATL have big plans for old EV batteries: Volvo and battery giant CATL are teaming up to turn old EV batteries into new ones. The partnership aims to.. ...
electrek.co/2024/04/18/volvo-catl-big-plans-old-ev-batteries/
Electric and hybrid car sales to rise to new global record in 2024: International Energy Agency says 17m vehicles will be sold this year, up more than 20% ...
theguardian.com/environment/2024/apr/23/electric-and-hybrid-car-sales-to-rise-to-new-global-record-in-2024
Quick Glance: New Global Record: Electric and Hybrid Car Sales Surge in 2024
- Electric and plug-in hybrid car sales will reach a new global record in 2024 despite slowing growth in some markets, according to forecasts from the International Energy Agency (IEA).
- The IEA predicted that 17 million battery electric vehicles and plug-in hybrid electric vehicles will be sold in 2024, up over 20% from 2023.
- The IEA also mentioned that most electric cars are expected to be priced equivalently to petrol cars by 2030 as prices decrease. Tesla recently reduced prices to maintain its market share against strong competition from Chinese rivals like BYD, the world's largest battery electric car producer.
Luxury brand Maserati continues to go electric - and shows an elegant electric convertible
stern.de/auto/e-mobilitaet/maserati-grancabrio-folgore--rein-elektrisch-und-doch-ein-biest-34633198.html
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