A new Toyota battery plant is reportedly in the works The Japanese plant would make batteries for Lexus EVs Automakers are pulling back on EV production and targets Toyota plans to build a Japanese EV battery plant for its Lexus luxury brand, the Nikkei business daily reported Friday. Circulated by Reuters, the report said the new battery plant...
Volvo may need to lean on plug-in hybrids longer than originally planned Slower EV growth may extend Volvo's forecast to go all electric by 2030 PHEVs expected to peak at no more than 10% of global new car market share by 2030 Volvo is reconsidering a goal of selling only EVs after 2030 amid dealer complaints and softer EV growth, reports...
Tesla’s drop in profit in the second quarter.
Karma Automotive still exists The automaker plans to unveil a concept vehicle in August The concept might be an SUV Karma on Monday said it will show up to next month's 2024 Monterey Car Week with a new concept vehicle whose description suggests it will be an SUV of some sort. The concept is referred to as the GT UV Design Study, though that isn't...
J.D. Power's 2024 APEAL study shows non-Tesla EVs higher in satisfaction than Teslas Buyers of traditional brands' EVs are more satisfied than buyers of gas or PHEV models Value-minded mainstream Tesla buyers are more critical than the brand's fans Tesla appears to be having a much harder time charming EV buyers who are new to the brand, while...
The solar sector shows how China conducts industrial policy: It chooses industries to dominate, floods them with loans and lets companies fight it out.
Ford's CEO acknowledged small EVs are key to mass adoption and profitability Ford currently doesn't make a small EV in the U.S. Ford was a proponent of pickup trucks and SUVs, killed its cars and small SUVs Ford is shifting away from large EVs like the F-150 Lightning pickup truck to emphasize smaller models in response to high battery costs...
Addionics developed a new foil current collector General Motors' GM Ventures backed Addionics with funding Addionics plans to build a factory in the U.S. A startup aims to make EV batteries cheaper by focusing on an oft-overlooked battery component. Addionics, which is backed by General Motors' GM Ventures venture-capital arm, has developed a new...
EVs are still the future The sudden revival of plug-in hybrids is predicted to peak at 10% of the market Sales of PHEVs is predicted to call as battery prices drop and EVs become less expensive Plug-in hybrids are experiencing a sales resurgence, but they're unlikely to surpass EVs in the long term, predicts Bloomberg New Energy Finance. Sales of...
The next-generation Porsche Cayenne will be electric Porsche said the gas-powered and hybrid third-gen Cayenne will live alongside the EV Porsche has said the EV transition will take longer than expected Porsche has confirmed that its current gas and hybrid Cayenne models will be sold alongside a fourth-generation, fully electric Cayenne for the...