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
Author: CNBC Online news
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
Warren Buffett-backed BYD announces new shock absorption tech for premium EVs
BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC SHENZHEN, China — Electric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides and get the edge on its EV competition. BYD, backed… Continue reading Warren Buffett-backed BYD announces new shock absorption tech for premium EVs
Club meeting recap: Jim Cramer says ‘buy Ford, don’t sell it,’ while also touting Caterpillar
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Labor costs still elevated Watch Caterpillar Buy Ford 1. Labor costs still elevated Stocks ticked lower Monday. It was the first regular trading session since Friday’s jobs report from the… Continue reading Club meeting recap: Jim Cramer says ‘buy Ford, don’t sell it,’ while also touting Caterpillar
That $7,500 electric vehicle tax credit may soon be harder to get. Here are 2 workarounds
Jackyenjoyphotography | Moment | Getty Images Why the new EVs credit may be harder to claim The Inflation Reduction Act, which President Joe Biden signed in August, set various manufacturing requirements for new all-electric and plug-in hybrid vehicles to be able to qualify for the full $7,500 tax credit. As of Aug. 17, for example,… Continue reading That $7,500 electric vehicle tax credit may soon be harder to get. Here are 2 workarounds
EPA reportedly planning to announce significant limits on tailpipe emissions to boost electric vehicle adoption
US President Joe Biden speaks at the 2022 North American International Auto Show in Detroit, Michigan, on September 14, 2022. Mandel Ngan | AFP | Getty Images The Environmental Protection Agency is preparing to announce significant limits on tailpipe emissions this week that would require as much as 67% of new vehicles sold in the… Continue reading EPA reportedly planning to announce significant limits on tailpipe emissions to boost electric vehicle adoption