Amid a shifting strategy, Ford (F) reported first-quarter earnings Wednesday, beating analyst expectations. However, due to fierce pricing pressure, Ford’s EV revenue fell 84% in Q1 2024.
Ford shifts EV strategy amid sales upswing
Despite EV sales surging 86% to 20,233 in the first three months of 2024, Ford is pulling back. All Ford electric models saw double (or triple) digit sales growth.
GreenPower (Nasdaq: GP) today announced the launch of its customizable EV Star Utility Truck, an electric all-purpose utility truck.
The EV Star Utility Truck is upfitted by GP Truck Body, a GreenPower subsidiary, on the GreenPower EV Star Cab & Chassis. The electric…
The Subaru Legacy will ride off into the sunset next year as the brand preps for a new era. Subaru is shifting gears as it focuses on new EVs, including SUVs and crossovers.
Subaru is retiring the Legacy with new EVs launching
Subaru launched its first fully electric…
Tesla announced that it is changing its product plan to introduce cheaper electric cars to be built on its current production lines.
Tesla has been working on its ‘next-generation vehicle platform’ that is expected to enable a new manufacturing process called “unboxed” that should produce cheaper electric vehicles. The automaker has previously talked about two upcoming vehicles on the…
Tesla has used a new Texas state law to exempt its Austin gigafactory from Austin’s environmental regulations, as reported by Austin Business Journal.
Tesla’s Texas gigafactory is commonly referred to as being in Austin, but it is actually situated not far outside the…
Rivian (RIVN) is still planning to build electric vehicles in Georgia, just not as soon as expected. After delaying construction, Rivian reaffirmed its commitment to an EV manufacturing plant in GA.
After unveiling the R2 last month, a smaller and more affordable…
Used car retailer CarMax just released its latest used EV sales data, and while the leaders are the same, their prices aren’t.
The used EVs people are buying
The top three most popular EVs at CarMax are the Tesla Model 3, Tesla Model Y, and the Nissan LEAF, according to the Spring 2024 CarMax Electric Vehicle Consumer Report, which draws from sales data between September 1, 2023, and February…
Tesla asks shareholders to move to Texas and re-pass Elon Musk's massive compensation plan
April 18, 2024
Tesla has filed a proxy with shareholders to ask them to vote for the company to move its state of incorporation to Texas and re-pass Elon Musk’s 2018 CEO massive compensation plan that was rescinded by a Delaware judge earlier this year.
In January, a judge sided with…
With Gogoro already surpassing one million swappable EV batteries in circulation, the company’s energy network has become something of a de facto standard in swappable batteries for e-motorcycles and scooters and scooters. Now, the company is announcing the next phase of…
BMW just applied rebates to all its EVs in April
April 18, 2024
BMW’s 2024 EVs now have rebates ranging from $5,000 to $7,500 through April in the US – here’s how it breaks down. All 2024 BMW i4 and i5 EV sedans feature a $5,000 rebate through April 30, reports CarsDirect. Both the 2024 BMW i7 sedan and iX SUV have a $7,500 purchase incentive.
You get the purchase incentive either from a loan credit if you finance your purchase through BMW Financial…
