Electric vehicles
Ford ends EV dealership program that required hefty investment to sell electric models
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor is ending a controversial electric vehicle dealership program that initially asked store owners to invest upward of $1 million to sell EVs. The “EV-certified” program was announced in September 2022 […]
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Tesla pops 7% in premarket after Elon Musk says he is set for victory in $56 billion pay vote
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Shares of Tesla popped in premarket trading, after Elon Musk said shareholders are set to approve his controversial […]
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Fisker recalls thousands of Ocean EVs for safety and compliance issues
The Fisker Ocean electric sports utility vehicle (SUV) during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Wednesday, Nov. 17, 2021. Kyle Grillot | Bloomberg | Getty Images Electric vehicle startup Fisker announced on Wednesday that it is recalling thousands of Ocean SUVs in North America and Europe […]
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Tesla could get special duties as part of higher China EV tariffs, EU says
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Tesla could be hit with a specially calculated duty on its cars produced in China and imported […]
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European Union announces larger tariffs of up to 38% on Chinese EVs
Employees get the job done on the assembly line of new power autos at a manufacturing facility of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China. Shi Kuanbing | Visible China Group | Getty Visuals The European Union on Wednesday reported it would slap increased tariffs on Chinese electrical […]
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Additional than $1 billion in EV tax credits issued upfront to consumers, Treasury and IRS say
Vital Factors The federal government has issued more than $1 billion in tax credits for new and utilised electric motor vehicles as an upfront money incentive to motor vehicle customers, the Treasury Section and IRS said. The progress payments kicked in Jan. 1, 2024. The credits for new and employed automobiles, for a respective $7,500 […]
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With EVs, Honda might be North America’s most fully commited automaker, for the instant
The All-New, All-Electric powered Honda Prologue is on display at the 2023 Los Angeles Automobile Demonstrate at the Los Angeles Conference Centre on November 24, 2023 in Los Angeles, California. Whilst lacking a host of brand names, this year’s version of the Los Angeles Vehicle Demonstrate debuted a vary of new models. Josh Lefkowitz | […]
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GM has a secret to help sell its new EVs. It’s Costco
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale. The Detroit automaker said it’s increasingly using the retail giant’s Costco Auto Program […]
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Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024. David Swanson | Reuters Elon Musk says he can grow Tesla into “a leader in AI & robotics,” an ambition that he’s said will require a lot of pricey […]
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Chinese EV makers continue intense drive into Europe under escalating menace of tariffs
BYD Seal U electrical automobile at the IAA Mobility 2023 worldwide motor clearly show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty Photographs News | Getty Photographs PARIS — Chinese electrical carmakers are pushing ahead with expansion into Europe, even as politicians raise the possibility of significant tariffs on cars from the […]
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