Cleantech & EV’s

General Motors claimed that it is “all-in on electric vehicles” for years, but today, CEO Mary Barra confirmed that the automaker is changing strategy and going back to plug-in hybrids amid setback in its electric car plans. In 2019, GM killed the Chevy Volt, its popular plug-in hybrid vehicle and announced plans to focus on all-electric vehicles. It continued selling some plung-in hybrids in…

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Tesla (TSLA) confirmed that it is increasing its planned capital spending to $10 billion this year as it tries to achieve its next growth phase. Lately, Tesla has described itself as being “between two major growth waves”. The first wave was the ramp-up of Model 3 and Model Y production, which appears to be now plateauing. The second wave is expected to be the ramp-up of its next-generation…

Hyundai dealerships are modernizing as the brand looks to build upon its growth in the EV market this year. Hyundai’s IONIQ 5 is already a top seller at some dealers. With new electric models rolling out, like the three-row IONIQ 7 SUV, Hyundai has the “whole gamut covered.” Hyundai’s IONIQ 5 is a top-selling EV “If I had to describe Hyundai right now in two words, it would be growth…