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Tesla, Inc. has been criticized for its cars, workplace culture, business practices, and occupational safety. Many of the criticisms are also directed toward Elon Musk, the company's CEO and Product Architect. Critics have also accused Tesla of deceptive marketing, unfulfilled promises, and fraud.
Until recently, it felt like electric cars had earned exclusive rights to the future of the auto industry. But EVs went mainstream so quickly that everyday consumers got an intimate look at their ...
The cost of raw materials needed to make electric vehicles is rising. The average cost in raw materials is now around $8,255 per vehicle, according to consulting firm AlixPartners.
Plug-in electric vehicles take more time to sell because of the explaining required, which hurts overall sales and sales people commissions. Electric vehicles also may require less maintenance, resulting in loss of service revenue, and thus undermining the biggest source of dealer profits, their service departments.
While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and ...
China is the world's largest consumer of electric vehicles, with 400,000 electric buses in 2019, it houses 99% of the world's electric buses. [15] With Chinese policies favoring electric cars both for manufacturers and consumers, 1.3 million EVs were sold in China in 2020 alone, which represented 41% of global EV sales. [ 16 ]
After years of accelerating growth, Europe's electric car sales appear to be entering a go-slow zone as drivers wait for better, cheaper models that are two to three years down the road. Fully ...
Electric motor manufactured for plug-in electric cars and hybrid electric vehicles use rare-earth elements. The demand for heavy metals , and other specific elements (such as neodymium , boron and cobalt ) required for the batteries and powertrain is expected to grow significantly due to the future sales increase of plug-in electric vehicles in ...