watch now DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September. New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs,… Continue reading Tesla, GM lead record U.S. EV sales this year as federal incentives end
Author: CNBC Online news
Tesla deliveries rise 7% before EV tax credits expire
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Tesla reported quarterly vehicle deliveries up 7% over the year prior for the period ended Tuesday, the same day that a key tax credit for buyers of electric vehicles in the U.S. expired. Here are… Continue reading Tesla deliveries rise 7% before EV tax credits expire
BYD monthly sales tumble for the first time in 2025, reinforcing slowdown concerns
HANGZHOU, CHINA – SEPTEMBER 21, 2025 – Viewers watch a new energy vehicle under BYD at an auto show in Hangzhou, Zhejiang Province, China on September 21, 2025. Cfoto | Future Publishing | Getty Images China’s electric-vehicle behemoth BYD posted its first year-on-year decline in deliveries in 2025, even as it entered the peak season… Continue reading BYD monthly sales tumble for the first time in 2025, reinforcing slowdown concerns
NASA employees on Artemis missions with SpaceX, Blue Origin to work through shutdown
U.S. President-elect Donald Trump greets Elon Musk as he arrives to attend a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images NASA is requiring employees involved in Artemis missions with contractors SpaceX and… Continue reading NASA employees on Artemis missions with SpaceX, Blue Origin to work through shutdown
Record EV sales lead GM, Ford to 8% increases in Q3 U.S. auto sales
Ford Mustang Mach-E and F-150 Lightning on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Strong electric vehicle sales are leading to robust third-quarter results for major automakers, as consumers flocked to car dealerships before the end of $7,500 in federal incentives for EVs. Ford Motor,… Continue reading Record EV sales lead GM, Ford to 8% increases in Q3 U.S. auto sales
Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns
Jim Farley, president and chief executive officer of Ford Motor Co., at Ford Pro Accelerate in Detroit, Michigan, US, on Tuesday, Sept. 30, 2025. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — “A lot of surprises.” That’s how Ford Motor CEO Jim Farley described his past five years leading the Detroit automaker, which he… Continue reading Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns
Ford CEO expects EV sales to be cut in half after end of tax credits
Ford Motor Company CEO Jim Farley speaks at a Ford Pro Accelerate event on September 30, 2025 in Detroit, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday.… Continue reading Ford CEO expects EV sales to be cut in half after end of tax credits
Exclusive: Hertz will let customers do entire car buying process online
Rental company Hertz said Tuesday it is updating its online shopping website to allow customers to secure financing, get a trade-in offer and do just about everything else a buyer would need to purchase a vehicle. The move is a significant step for Hertz’s online retail presence. Previously, the company’s HertzCarSales.com website had only offered… Continue reading Exclusive: Hertz will let customers do entire car buying process online
Why the Hertz-Amazon deal poses threats to auto dealers
The recently announced partnership between Hertz and Amazon Autos will make it easier for rental car companies to offload their own cars directly to consumers, but it could cut into a historical source of profit for car dealerships, auto industry analysts said. The announcement that the car rental company would be teaming up with the… Continue reading Why the Hertz-Amazon deal poses threats to auto dealers
What’s the ‘natural demand’ for EVs in the U.S.? We’re about to find out
A view of Cadillac Escalade IQ Sport 2 at Electrify Expo San Francisco, the largest electric vehicles (EV) event in North America at Alameda Point in Alameda, California, United States on Aug. 23, 2025. Tayfun Coskun | Anadolu | Getty Images DETROIT — Automakers and investors are about to find out what the “natural demand”… Continue reading What’s the ‘natural demand’ for EVs in the U.S.? We’re about to find out