EVs
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Automakers get more flexibility as US finalizes EV tax credit rules
Electric vehicle makers have been racing to shift their supply chains to qualify for the credit. The latest changes give them more time.
By Eric Walz • May 8, 2024 -
April auto sales: EVs make a slight comeback for automakers
Ford and Kia were the two standouts of the month, notching triple-digit percent growth on electric vehicle sales.
By Haley Cawthon • May 8, 2024 -
BMW’s future EVs will support bidirectional charging
The automaker’s next generation of vehicles will be able to store energy to send back to the grid.
By Eric Walz • May 7, 2024 -
Rivian hires former Volvo Cars exec as next COO
Javier Varela will be central to the company’s growth and profitability as it prepares to launch new electric vehicles.
By Eric Walz • May 6, 2024 -
Honda supplier to build integrated battery separator plant in Canada
Asahi Kasei’s 180 billion yen ($1.2 billion) factory is part of a joint venture with the automaker.
By Sara Samora • May 6, 2024 -
Why VW’s Q1 profits fell 20% despite higher deliveries
The company blamed lower-than-anticipated global sales and its investments in launching new electrified models.
By Eric Walz • May 3, 2024 -
Rivian reaffirms plans for $5B Georgia EV plant despite construction pause
The electric carmaker emphasized its intention to continue limited site development activity during the pause period, according to a company letter.
By Sebastian Obando • May 1, 2024 -
Stellantis revenues slip 12% as it preps for next-gen product launches
The automaker is debuting 25 new or updated products in 2024, 18 of which will be battery electric vehicles.
By Haley Cawthon • April 30, 2024 -
Hyundai shifts focus to hybrids as EV demand declines
Despite record-setting Q1 revenues, the automaker said its EV sales slipped nearly 5% year over year.
By Eric Walz • April 29, 2024 -
Dealer service satisfaction improves, despite growing wait times and prices
Non-Tesla EV drivers reported the lowest satisfaction with new-vehicle dealership services, a J.D. Power study found.
By Kalena Thomhave • April 29, 2024 -
Volkswagen looks to boost tech, cut costs in China
The country’s transition to electric vehicles and growing local competition is making it harder for overseas automakers to stay competitive.
By Eric Walz • April 29, 2024 -
GM CEO’s compensation falls 4%
Mary Barra is no longer the highest-paid executive among the Detroit Three automakers.
By Haley Cawthon • April 29, 2024 -
Honda invests billions in Canada to set up EV production hub
The CAD $15 billion ($11 billion) investment into the automaker’s supply chain includes two factories and materials processing projects with joint venture partners.
By Eric Walz • April 25, 2024 -
For Cruise robotaxi business, GM considers ‘outside investments’
Despite billions in losses attributed to its Cruise subsidiary, General Motors CEO Mary Barra said the company believes in the technology.
By Dan Zukowski • April 25, 2024 -
Toyota to assemble new EV at Indiana plant
The automaker will add up to 340 jobs at the facility with a $1.4B investment.
By Haley Cawthon • April 25, 2024 -
Facing pricing pressure, Ford takes big loss on EVs
CEO Jim Farley called the segment a “huge drag” on the automaker and the industry overall.
By Haley Cawthon • April 25, 2024 -
Nissan slashes operating profit amid sales dip
The automaker lowered its forecasted sales volume for fiscal year 2023 to 3.44 million vehicles last week.
By Haley Cawthon • April 24, 2024 -
GM aims to build up to 300K EVs in 2024
The automaker anticipates that new electric vehicle launches will help it achieve its ambitious sales targets in 2024.
By Eric Walz • April 24, 2024 -
Tesla accelerates launch of new models
The EV maker said production for a new vehicle lineup will start months earlier than originally announced and include a more affordable model.
By Haley Cawthon • April 23, 2024 -
GM Energy rolls out its first vehicle-to-home EV charging products
The bidirectional charging technology allows an electric vehicle’s battery to provide backup power to homes.
By Eric Walz • April 22, 2024 -
Tesla recalls Cybertruck to fix accelerator pedal problem
The recall is Tesla’s fourth this year and involves 3,878 Cybertrucks manufactured from Nov. 13, 2023 through April 4.
By Eric Walz • April 20, 2024 -
Honda details progress on Ohio EV hub
The automaker is retooling facilities in Marysville, Anna and East Liberty, Ohio.
By Eric Walz • April 18, 2024 -
Rivian cuts 1% of workforce
The EV maker said the latest round of layoffs are part of a continued effort to right-size the business.
By Haley Cawthon • April 18, 2024 -
Satisfaction gap widens between EV and ICE tires
BFGoodrich, Continental, Falken, Goodyear, Hankook, Kumho and Michelin are among the top-performing original equipment tire brands, according to a J.D. Power study.
By Kalena Thomhave • April 16, 2024 -
BMW, Rimac Technology to co-produce battery tech for EVs
The electric vehicle technology company expects the partnership — its largest and most ambitious yet — will help it become a high-volume Tier 1 automotive supplier.
By Eric Walz • April 16, 2024