Electric vehicles cost more to buy than gasoline cars, and they may lose value more quickly. Even for people eager to own a car with no tailpipe emissions, it’s reasonable to wonder whether it makes sense to buy one now. The answer may well be yes, but there are a lot of factors to consider,… Continue reading Are Electric Cars Worth the Money?
Author: New York Times Online News
Between Attacks on Electric Cars, Trump Says They’re ‘Incredible’
Former President Donald J. Trump has spent years ridiculing electric vehicles, saying they don’t go far, are too expensive and are made in China. He has promised to end federal support for electric vehicles, a central feature of President Biden’s strategy to cut the carbon dioxide that is heating the planet. But in recent months,… Continue reading Between Attacks on Electric Cars, Trump Says They’re ‘Incredible’
Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
Tesla on Tuesday reported a 45 percent drop in profit in the three-month period between April and June, a result of the electric car company’s sluggish sales. The automaker said it earned $1.5 billion in the second quarter of the year on revenue of $25.5 billion. In the second quarter of 2023, Tesla made $2.7… Continue reading Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
Between Attacks on Electric Cars, Trump Says They’re ‘Incredible’
Former President Donald J. Trump has spent years ridiculing electric vehicles, saying they don’t go far, are too expensive and are made in China. He has promised to end federal support for electric vehicles, a central feature of President Biden’s strategy to cut the carbon dioxide that is heating the planet. But in recent months,… Continue reading Between Attacks on Electric Cars, Trump Says They’re ‘Incredible’
G.M. Will Restart Cruise Taxi Operations
General Motors said on Tuesday that its Cruise driverless-taxi division has restarted test operations in three Sun Belt cities, using self-driving cars with human safety drivers who will monitor the vehicles and intervene if needed. G.M. had suspended most of Cruise’s operations after one of its vehicles hit and dragged a pedestrian last year in… Continue reading G.M. Will Restart Cruise Taxi Operations
Corvette Bucked a Sports Cars Decline. Can It Thrive in an E.V. Era?
Sales of sports cars have been steadily declining for about three decades, but there has been one exception to that trend. The Chevrolet Corvette has recently stormed back to near-record popularity. Like the company that makes it, General Motors, the Corvette must now slalom around a trickier obstacle: transitioning to an electrified lineup, even as… Continue reading Corvette Bucked a Sports Cars Decline. Can It Thrive in an E.V. Era?
Ferrari and Other Car Brands Seek the Road to High-End Fashion
Ferrari is more than just a car company — it’s a lifestyle. Or so said John Elkann, the chief executive of Exor, the parent company of Ferrari, at a sports and fashion event held by The New York Times in Paris this month. But in a world in which Formula 1 and fashion increasingly mingle,… Continue reading Ferrari and Other Car Brands Seek the Road to High-End Fashion
How to Rein In Rising Auto Insurance Rates
Even as inflation has eased, car insurance rates are rising by double digits. But drivers have some options for reining in premiums. According to the Bureau of Labor Statistics, auto insurance costs were 19.5 percent higher in June than a year earlier. Insurers blame the higher cost of automobiles, parts and repairs, as well as… Continue reading How to Rein In Rising Auto Insurance Rates
Ford Plans More Gas Trucks, Fewer Electric Vehicles
For much of the last five years, automakers have been spending billions of dollars in a frantic race to develop electric vehicles and build factories to produce them, with expectations that consumers would flock to these new models. But in the past 12 months, the growth rate of electric vehicle sales has slowed sharply as… Continue reading Ford Plans More Gas Trucks, Fewer Electric Vehicles
Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles
The federal government will grant car and auto parts factories in eight states $1.7 billion to begin producing electric vehicles and other clean energy technology, the Biden administration announced on Thursday. Among the 11 recipients will be a Jeep factory in Belvidere, Ill., that the brand’s parent company Stellantis closed last year. The money will… Continue reading Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles