F-150 Lightning and Mustang Mach-E owners can reserve them soon, CEO says.
Month: January 2024
Tesla launches new showroom in Turkey where officials want a factory
Tesla has launched a new showroom in Istanbul, Turkey, a country where government officials have courted the electric vehicle maker for a new factory. Tesla has opened its new store in Istanbul in a mall known as Metropol AVM, recognized as one of the most prestigious shopping centers in the country. Its first location is […]
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GM CFO estimates variable EV profitability in second half of 2024
General Motors (GM) may not be catching up to electric vehicle leaders like Tesla anytime soon, but CFO Paul Jacobson has noted that the automaker’s EV business is still on the right path. The executive seemed optimistic about GM’s electric vehicle business, even noting that he sees variable profitability being achieved sometime in the second […]
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Lamborghini will make hybrid versions of all its cars to cut its CO2
2024 will see the launch of a hybrid to replace the Hurácan, as well as a hybrid Urus.
‘Unfathomable’: Judge Fires Elon Musk’s $55B Pay Package Into The Sun
Plus, more on why General Motors is embracing hybrids again, and Volkswagen starts an AI lab.
Only 13 EVs currently qualify for a US tax credit
Sometimes public policy gets skewered on the horns of a dilemma. The Buy American provisions of the Inflation Reduction Act are aimed at protecting US jobs (and national security) by making EVs with substantial amounts of battery components from “nations of concern”—namely China—ineligible for tax credits. That’s a worthy goal, but to a certain extent… Read more »
Iveco Bus to supply electric models to QBUZZ in the Netherlands
Italy-based bus manufacturer Iveco Bus, one of the eight commercial vehicle brands of Iveco Group, has won a tender to supply 140 electric buses to public transport operator QBUZZ in the Zuid-Holland Noord concession area in the Netherlands. The 102 CROSSWAY Low Entry ELEC and 38 E-WAY units are scheduled to begin service by December… Read more »
The Kia EV4 Is Reportedly Coming In Early 2025
The four-door electric sedan with SUV-inspired looks was initially supposed to go into production at the end of this year.
EV sales near 8% of US new vehicle market
EV sales will reach 8.0% of the total U.S. new vehicle market this month, S&P Global Mobility has predicted. The market share of EVs won’t increase dramatically over the previous month, as automakers, dealers, and consumers digest new federal tax c…
Genesis U.S. EV Sales Quadrupled In 2023
Roughly one in every 10 cars the brand sold last year was an EV.
