Tesla’s Profit Rose in the Second Quarter as Price Cuts Spurred Demand
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
Ford Slashes Price of Electric F-150 Lightning as Demand Weakens
Sales of electric vehicles have slowed recently partly because prices of some models like the F-150 Lightning had risen a lot.
This Little-Noticed Infrastructure Investment and Jobs Act Provision Could Revolutionize Car Travel
Buried in the Infrastructure Investment and Jobs Act is a possible way to address all the costs associated with Americans’ love of driving.
G.M.’s Sales Jumped 19% in the Second Quarter
The biggest U.S. automaker sold more trucks and sport-utility vehicles as supply chain problems eased and demand remained strong.
Tesla Sales Surge as Tax Credits Fuel Demand
Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.
Exxon and Chevron Report More Modest Profits as Oil Prices Ease
The oil industry enjoyed record profits in 2022 after Russia invaded Ukraine, but the prices of oil and natural gas have fallen sharply in recent months.
Automakers Face Test in Reaching U.S. Target for Electric Vehicles
New federal rules are expected to speed the transition to E.V.s, a shift that car companies have embraced but will be challenged to carry out.
Falling Lithium Prices Are Making Electric Cars More Affordable
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
Electric Vehicles Could Match Gasoline Cars on Price This Year
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.
Ford Follows Tesla in Cutting Electric Vehicle Prices
The automaker reduced the price of the Mustang Mach-E by up to $5,900 after Tesla slashed prices of its cars by as much as 20 percent.