Electric vehicles
Mercedes-Benz CEO says luxury drivers will help spur the transition to electric vehicles
A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Mercedes-Benz CEO Ola Kallenius told CNBC’s Jim Cramer that while he thinks there will be a market for vehicles with internal combustion engines for a […]
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Rivian needs to sharply ramp up EV production to meet 2022 targets — Wall Street is betting it can
A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 billion EV plant to the southern state. Brian Cassella | Tribune News Service | Getty Images Electric vehicle startup […]
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Rivian says it’s on pace to meet 2022 goals after production grew 67% in the third quarter
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Electric vehicle maker Rivian Automotive said Monday that it produced over 7,000 vehicles in the third quarter, its highest […]
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Wall Street analysts are divided after Tesla’s third-quarter deliveries miss
Wall Street analysts were divided on electric vehicle maker Tesla after it posted its latest production and delivery numbers. Shares of Tesla were down 4.3% in Monday premarket trading after the company posted third-quarter vehicle production and delivery figures for 2022 that missed on deliveries expectations. Tesla reported deliveries of 343,000 vehicles, less than a […]
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Dodge tries to convert its muscle car fans from V-8 engine to EV
Tim Kuniskis, CEO of Dodge Brand, Stellantis, introduces the Dodge Charger Daytona SRT Concept all-electric muscle car at its world reveal during Dodge’s Speed Week at M1 Concourse on August 17, 2022 in Pontiac, Michigan. Bill Pugliano | Getty Images Since the Dodge Charger was reintroduced in 2006, Dodge has been building a reputation for […]
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EV and self-driving stocks fell nearly 15% in September, their second-worst month on record
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images A key ETF for electric and autonomous vehicle stocks suffered an ugly month in September, falling nearly 15% amid fears a recession could slow revenue for the automakers. The Global X […]
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Toyota CEO doubles down on EV technique amid criticism it really is not moving quickly ample
A Toyota bZ4X on exhibit at the New York Vehicle Clearly show, April 13, 2022. Scott Mlyn | CNBC LAS VEGAS – Toyota Motor is standing by its electrical automobile system, such as hybrids like the Prius, adhering to criticism by some investors and environmentalist teams that the organization is transitioning as well gradually to […]
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Lordstown Motors begins production of its Endurance electric pickup truck
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors said that it has begun commercial production of the Endurance, an electric pickup truck designed for commercial-fleet use. Lordstown shares fell below $2 in morning […]
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Hertz is teaming up with oil giant BP to install thousands of EV chargers in the U.S.
Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Hertz is teaming up with oil giant BP to build a new network of electric vehicle charging stations throughout the United States. The rental car giant — which in the last year has announced deals to purchase a total of up to 340,000 EVs […]
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EV charge points in Britain are now nearly as expensive as gasoline, research shows
The U.K. has laid out plans to ramp up the number of electric vehicles on its roads over the next few years. Coldsnowstorm | E+ | Getty Images Electric car drivers in the U.K. have seen the cost of using a public, “rapid” charger on a pay-as-you-go tariff rise by 42% since May, according to […]
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