Electric vehicles
‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say
Key Points The Inflation Reduction Act has a few provisions related to tax credits for electric vehicles. Consumers can get a $7,500 tax credit for buying a new EV. It may be challenging for cars and/or buyers to qualify due to certain requirements. It may be easier to get a $7,500 credit by leasing an […]
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Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says
Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s […]
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Tesla shares wipe out decline for the yr with 27% rally this 7 days
Elon Musk attends “Discovering the New Frontiers of Innovation: Mark Study in Discussion with Elon Musk” during the Cannes Lions International Pageant Of Creativeness 2024 – Day A few in Cannes, France, on June 19, 2024. Marc Piasecki | Getty Photos Tesla’s inventory value rose more than enough on Friday to wipe out its loss […]
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China-built EVs strike with EU tariffs Nio says it could have to increase charges in Europe
The European Union on Thursday confirmed its final decision to hike tariffs on electric powered autos imported from China — with a single automaker issuing fresh warnings that it may have to raise rates as a end result. The European Commission, the government arm of the European Union, declared strategies for these types of levies […]
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CNBC Daily Open up: Tesla soars, S&P closes over 5,500
This report is from today’s CNBC Daily Open, our intercontinental marketplaces e-newsletter. CNBC Everyday Open delivers traders up to pace on every little thing they need to know, no matter wherever they are. Like what you see? You can subscribe here. Traders function on the flooring of the New York Inventory Trade during morning investing on […]
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GM reports best U.S. quarterly sales since 2020
DETROIT — General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker on Tuesday reported sales of 696,086 for the second quarter, up 0.6% from a year earlier and its highest quarterly units sold since the fourth quarter of 2020. Its […]
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Tesla loses its EV quality edge as repair problems continue to plague the market
A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Tesla is losing its lead over legacy automakers in the quality of its new all-electric vehicles, according to an annual influential study […]
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Vietnam’s VinFast seems to little EV, priced at a lot less than $10,000, to alter its fortunes
The Vinfast VF6 all-electric car is on show at the 2022 Los Angeles Vehicle Show on Nov. 18, 2022 in Los Angeles, California. Josh Lefkowitz | Getty Photos Information | Getty Illustrations or photos Vietnamese automaker VinFast, for a small time the third-most precious automobile enterprise in the earth, has a significant problem: It just […]
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Used EV price crash keeps getting deeper with ‘premium’ brand idea history
A used 2020 Tesla Model 3 is available for sale on a CarMax lot on March 10, 2022 in Burbank, California. Mario Tama | Getty Images News | Getty Images Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices for the first time ever, and the pricing cliff keeps getting steeper […]
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Why tariffs on Chinese EVs may not work
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. Today the country has the capacity to make about 40 million vehicles annually — enough to supply half the world. Only about 25 million cars sold in the country in […]
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