Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleuil | Picture Alliance | Getty Images Shares in electric vehicle makers Tesla dropped 4% after the company reported first-quarter earnings after… Continue reading Tesla net income and earnings drop more than 20% from last year
Author: CNBC Online news
Chinese EV giant BYD says self-driving tech is more valuable for factories than cars
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan ($160,000). CNBC | Evelyn Cheng SHANGHAI — Fully autonomous driving is “basically impossible” and the technology would be better applied to manufacturing, according to Chinese battery and electric car company BYD. Many electric car and tech companies… Continue reading Chinese EV giant BYD says self-driving tech is more valuable for factories than cars
The Swedish rival to Tesla’s Semi scores a deal with PepsiCo to deliver snacks in the UK
Swedish electric vehicle maker Einride will supply two of its heavy-duty trucks to PepsiCo as part of an expansion into the U.K. Einride Swedish electric vehicle manufacturer Einride has signed a deal with PepsiCo to supply electric trucks that would transport Walkers chips in the U.K. It marks Einride’s first move into the U.K. market,… Continue reading The Swedish rival to Tesla’s Semi scores a deal with PepsiCo to deliver snacks in the UK
Some electric vehicles from BMW, Nissan, Hyundai and Volkswagen will no longer get federal tax credits
An electric vehicle is charged in Monterey Park, California, on April 12, 2023. – US President Joe Biden’s administration unveiled new proposed auto emissions rules, aiming to accelerate the electric vehicle transition with a target of two-thirds of the new US car market by 2032. Frederic J. Brown | AFP | Getty Images Fewer electric… Continue reading Some electric vehicles from BMW, Nissan, Hyundai and Volkswagen will no longer get federal tax credits
Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives
Uwe Krejci | Digitalvision | Getty Images The number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half on Tuesday, as new rules issued by the U.S. Department of the Treasury took effect. However, consumers in the market for an electric passenger vehicle can still access a tax break… Continue reading Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives
Nio says it won’t join the ‘price war’ and slash prices like Tesla
New-energy electric vehicles are seen at a Nio store in Shanghai, China, March 19, 2023. Future Publishing | Future Publishing | Getty Images SHANGHAI — Chinese electric car company Nio will keep its prices high rather than cut them, CEO William Li told CNBC in an interview. “For us, we will certainly not join the… Continue reading Nio says it won’t join the ‘price war’ and slash prices like Tesla
Ford unveils new Lincoln Nautilus to be imported from China
2024 Lincoln Nautilus Ford Ford Motor will import its next-generation Lincoln Nautilus from China to the U.S., the company said Monday night. The midsize crossover is currently produced for the U.S. at Ford’s Oakville Assembly Plant in Ontario, Canada. The automaker recently announced it would be investing 1.8 billion Canadian dollars (about $1.3 billion) to… Continue reading Ford unveils new Lincoln Nautilus to be imported from China
GM reveals Buick Envista as brand’s last new gas-powered vehicle
2024 Buick Envista Avenir GM DETROIT – General Motors on Monday revealed the last new gas-powered Buick vehicle ahead of the brand’s transition to an all-electric domestic lineup by 2030. The final new traditional nameplate for the brand will be the 2024 Buick Envista, a small crossover that has the look of a sedan but… Continue reading GM reveals Buick Envista as brand’s last new gas-powered vehicle
Volkswagen reveals the ID.7, new flagship EV with more than 300 miles of range
Volkswagen ID.7 Courtesy: Volkswagen Volkswagen on Monday unveiled a new large electric sedan that it says will have well over 300 miles of range in its top-level trim when it arrives in the U.S. market next year. Volkswagen’s new ID.7, as it’s called, will serve as a flagship for the automaker’s growing line of mainstream… Continue reading Volkswagen reveals the ID.7, new flagship EV with more than 300 miles of range
When buying a Tesla or other electric vehicle, a green auto loan could make it cheaper
A Tesla Model S electric car stops for recharging April 9, 2023 at a service station in Greenwich, Connecticut. Robert Nickelsberg | Getty Images There may be no better time to buy an electric vehicle than now. Automakers are continuing to roll out a growing number of models that offer improved range and better performance.… Continue reading When buying a Tesla or other electric vehicle, a green auto loan could make it cheaper