Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
The automaker said it would delay new battery-powered models and shift its focus to hybrid cars, sales of which are rising fast.
Toyota, the world’s largest automaker, has been criticized for selling few electric vehicles, but its decision to focus on hybrids is paying off financially.
¿Realmente queremos que Estados Unidos se convierta en un páramo automovilístico de coches sobrevaluados, caros y que consumen mucha gasolina?
The tech giant has dropped its electric vehicle project, but some of the development at the heart of the project has helped power other products and services .
The tech giant has dropped its electric vehicle project, but some of the development at the heart of the project has helped power other products and services .
Do we really want America to become a backwater of bloated, expensive, gas-guzzling cars?
It and other foreign automakers are trying to exploit upheaval caused by new technology to gain market share from their dominant rivals.
In a presidential battleground state, electric vehicles have emerged as a contested piece of the economic future — a job-killer or a job-creator.