Sales of the sub-$30,000 Chevy Bolt, being assembled here in Orion Township, Michigan, allowed GM to recently pass Ford as a distant No. 2 behind Tesla in EVs. Joe White | Reuters From the headlines, car buyers might think the most important force driving down the cost of electric vehicles is the $7,500 tax credit… Continue reading The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers
Author: CNBC Online news
Lucid first-quarter deliveries underwhelm as demand concerns plague the EV maker
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Luxury electric vehicle maker Lucid Group said late Thursday that it produced 2,314 of its Air sedans in the first quarter. But it delivered just 1,406 Airs to customers during the period, another sign… Continue reading Lucid first-quarter deliveries underwhelm as demand concerns plague the EV maker
Chinese ride-hailing giant DiDi developing own driverless taxis, plans to roll them out in 2025
Chinese ride-hailing giant DiDi debuted the DiDi Neuron, a concept robotaxi. It has an arm in the back to pick up luggage or wake up sleeping passengers. DiDi is working with Chinese carmakers to develop its own autonomous taxis which it is aiming to put into service in 2025. DiDi Global DiDi Global on Thursday… Continue reading Chinese ride-hailing giant DiDi developing own driverless taxis, plans to roll them out in 2025
GM expands high-end Chevy Silverado HD lineup with new ZR2 off-road model
2024 Chevrolet Silverado HD ZR2 GM DETROIT — General Motors will continue to test the price ceiling of its highly profitable full-size pickup trucks as it spends billions to transition to all-electric vehicles. The latest model revealed Thursday is the Chevrolet Silverado HD 2500 ZR2, a new off-road model for one of GM’s most expensive… Continue reading GM expands high-end Chevy Silverado HD lineup with new ZR2 off-road model
Biden proposes toughest auto emissions rules yet to dramatically boost EV sales
U.S. President Joe Biden gestures after driving a Hummer EV during a tour at the General Motors ‘Factory ZERO’ electric vehicle assembly plant in Detroit, Michigan, November 17, 2021. Jonathan Ernst | Reuters The U.S. Environmental Protection Agency on Wednesday proposed new tailpipe emissions limits that could require as much as 67% of all new vehicles… Continue reading Biden proposes toughest auto emissions rules yet to dramatically boost EV sales
Ford doubles down on EVs, while Wall Street looks to Disney for answers. Here’s our take on these Club stocks
Walt Disney (DIS) is facing skepticism from Wall Street over its streaming strategy and softer growth at its parks, while Ford Motor (F) is expanding its electric vehicle production. Here’s the latest news on these two Club holdings — and our take, too. Walt Disney The news: Guggenheim on Tuesday lowered is price target on… Continue reading Ford doubles down on EVs, while Wall Street looks to Disney for answers. Here’s our take on these Club stocks
Lamborghini CEO says orders for hybrid Revuelto show ‘incredible’ demand from wealthy car-buyers
watch now Lamborghini’s quick sellout of its new $600,000 hybrid supercar is proof that wealthy car buyers are still spending, according to the CEO. Lamborghini already has a waiting list and two years worth of orders for the Revuelto, its first ever plug-in hybrid that was launched last month, CEO Stephan Winkelmann told CNBC. The… Continue reading Lamborghini CEO says orders for hybrid Revuelto show ‘incredible’ demand from wealthy car-buyers
Nearly half of Americans say it’s unlikely they’ll buy an electric vehicle as their next car: Poll
An electric vehicle charges on a street in New York City on Dec. 7, 2021. Andrew Kelly | Reuters Nearly half of Americans in a new poll say it’s unlikely they would purchase an electric vehicle as their next car, citing the lack of charging options and the high costs as the main barriers to… Continue reading Nearly half of Americans say it’s unlikely they’ll buy an electric vehicle as their next car: Poll
Ford to invest $1.3 billion to build EV manufacturing hub in Canada
Ford display at the New York Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT – Ford Motor will invest 1.8 billion Canadian dollars (about $1.3 billion) in its Oakville Assembly Plant in Ontario, Canada, to transition the facility into a new electric vehicle hub, the automaker said Tuesday. The plant, which will be… Continue reading Ford to invest $1.3 billion to build EV manufacturing hub in Canada
General Motors will lead a $50 million funding round for lithium extraction startup EnergyX
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet General Motors said Tuesday its venture capital arm will lead a $50 million financing round for EnergyX, a Texas-based startup developing a… Continue reading General Motors will lead a $50 million funding round for lithium extraction startup EnergyX