Electric vehicles will play a critical role in slashing transport-related emissions in the years ahead. Momentum behind the industry is building, with a number of big economies gearing up for the mass rollout of EVs and sales of electric cars hitting 6.6 million in 2021, a record, according to the International Energy Agency. Not all countries will move… Continue reading The EV industry is gaining momentum. But public charging is a long way from being accessible to all
Author: CNBC Online news
GM overtakes Ford as second-best seller of EVs in U.S. but still trails Tesla by a wide margin
watch now DETROIT — General Motors pulled ahead of Ford Motor to become the country’s second-best seller of all-electric vehicles during the first quarter, trailing only industry leader Tesla. GM on Monday said it sold 20,670 EVs during the first three months of the year. Ford, which was No. 2 last year, on Tuesday reported… Continue reading GM overtakes Ford as second-best seller of EVs in U.S. but still trails Tesla by a wide margin
GM says 5,000 salaried workers will take buyouts, expects $1 billion charge in first quarter
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images DETROIT – About 5,000 white-collar workers at General Motors opted to participate in a buyout program that was announced last month to lower the automaker’s global head… Continue reading GM says 5,000 salaried workers will take buyouts, expects $1 billion charge in first quarter
Ford’s first-quarter sales increase 10.1% on improved F-Series truck production
A Ford Lighting pickup is displayed outside the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters DETROIT – Ford Motor on Tuesday reported a roughly 10% increase in its quarterly U.S. sales, led by jumps in its critical F-Series pickups and Bronco SUVs. The… Continue reading Ford’s first-quarter sales increase 10.1% on improved F-Series truck production
Tesla ordered by jury to pay more than $3 million to Black ex-worker who endured racist abuse
An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images A San Francisco federal jury has ordered Tesla to pay $3 million in punitive damages and $175,000 in non-economic damages to Owen Diaz, a former elevator operator at the company’s factory in Fremont,… Continue reading Tesla ordered by jury to pay more than $3 million to Black ex-worker who endured racist abuse
Tesla shares drop after deliveries report raises investor concern that more price cuts are coming
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 Tesla shares closed down 6% on Monday after the company’s quarterly deliveries report led some… Continue reading Tesla shares drop after deliveries report raises investor concern that more price cuts are coming
General Motors’ U.S. sales jump 18% in the first quarter
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images General Motors said Monday that its first-quarter U.S. sales rose 18% from a year ago, to just over 600,000 vehicles delivered, as it continued its rebound from… Continue reading General Motors’ U.S. sales jump 18% in the first quarter
Rivian says it remains on track to build 50,000 EVs in 2023
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters Electric vehicle maker Rivian Automotive said Monday that its first-quarter deliveries were in line with expectations and that it remains on track to produce 50,000 EVs in 2023. Rivian said in… Continue reading Rivian says it remains on track to build 50,000 EVs in 2023
Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Chinese electric car startup Li Auto saw deliveries surge by nearly 66% in the first quarter from a year ago. Zhang Peng | Lightrocket | Getty Images BEIJING — Chinese electric car brand Li Auto delivered more cars in March than Xpeng did in the first quarter, according to company releases. Li Auto delivered 20,823… Continue reading Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Tesla reports 422,875 deliveries for first quarter of 2023
Tesla Superchargers are seen at a charging station on March 17, 2023 in Beijing, China. Vcg | Visual China Group | Getty Images Tesla on Sunday posted its first-quarter vehicle production and delivery report for 2023. Here are the key numbers from the electric vehicle maker: Total deliveries Q1 2023: 422,875 Total production Q1 2023: 440,808… Continue reading Tesla reports 422,875 deliveries for first quarter of 2023