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“The EV market is still very much in its infancy in terms of its business lifecycle — just 5% of all new car sales are currently electric vehicles,” said Tim Prescott, founder and editor of ...
The higher cost of owning an electric versus a gas-powered vehicle is a sticking point for many would-be buyers of EVs. Now, the price of a key EV component is falling, raising hopes that ...
Still, Trump promised to get rid of an electric vehicle target from the Environmental Protect Agency of a minimum of 35% of new cars sold by 2032, which he refers to as an “EV mandate.”
S&P Global projects automakers could lose up to 17% of their annual core profits if Trump imposes tariffs on cars made in Europe, Mexico, and Canada, as he has suggested he will do.
According to auto research firm iSeeCars.com, used EV prices are collapsing more than those in the overall used car market. In the firm’s June 2023 report, the data shows that used EV prices ...
While other automakers have balked, Ford is rolling the dice on what could be a very risky gambit: go head-to-head with Tesla and cut prices.. Tesla’s dramatic price cuts of its popular Model Y ...
These two stocks look well-positioned for the long term despite difficult starts to 2024.
In January, Tesla cut its car prices in the U.S. and Europe by up to a whopping 20% on certain models. Now, it once again slashed prices, following the Biden administration's new guidance on which...