General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.
New Biden administration auto rules will ease requirements compared to an earlier proposal but will still add to market pressure for cheaper electric vehicles.
Do we really want America to become a backwater of bloated, expensive, gas-guzzling cars?
Some buyers said the electric Lightning did not meet expectations, and Ford has slashed its production plans for the pickup because sales are lagging.
Automakers like Ford, Kia and Toyota are offering more hybrid options to appeal to buyers who aren’t ready for fully electric vehicles.
The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its decision to sell 20,000 cars.
Volkswagen is shifting more operations to China, tapping the country’s electric vehicle capacity and building factories.
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
The move is the oil giant’s first foray in the production of a metal vital for electric vehicle batteries.
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.