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Tesla faced a slight setback in the opening quarter of 2024 as its sales plummeted by nearly 9% compared to the same period last year. This decline comes amidst a Full Article »
BMW’s Chief Financial Officer, Walter Mertl, revealed in a recent media roundtable that the company has reached a significant turning point in its sales dynamics. Mertl stated that BMW now Full Article »
The electric vehicle company Fisker has announced its intention to incorporate traditional dealerships into its sales strategy, alongside its existing direct-to-customer distribution model. The California-based company, operating in the United Full Article »
In a move reflecting the ongoing debate over the future of the automotive industry, the Republican-led House of Representatives in the United States voted on Wednesday to prevent the Biden Full Article »
In the rapidly evolving landscape of the automotive industry, electric vehicles (EVs) are marking significant milestones, with a projected 14 million units set to be sold globally in 2023—a remarkable Full Article »
The resale value of electric vehicles (EVs) is experiencing a notable decline, according to Black Book’s historical retention data and future predictions. The chief data scientist at Black Book, Alex Full Article »
The electric vehicle (EV) market in the United States is poised to achieve a historic milestone this year, with projections indicating that EV sales will reach a record 9% of Full Article »
Hyundai and Kia are experiencing robust demand for electric vehicles (EVs) in the United States, according to senior executives who spoke to Reuters ahead of the Los Angeles Auto Show. Full Article »
The electric vehicle (EV) market in Europe, which experienced significant growth for years, seems to be encountering a slowdown as consumers anticipate the arrival of more affordable models in the Full Article »
The U.S. auto industry is experiencing a slowdown in retail demand for new vehicles, primarily attributed to high interest rates and elevated prices. Despite some rebounding in inventories and incentives, Full Article »
Ford is facing challenges in the electric vehicle (EV) market, as recent reports indicate that they are losing approximately $36,000 on each EV they sell. Following a challenging third quarter, Full Article »
In a recent statement, economist Steve Moore, affiliated with the Trump administration, expressed skepticism about the future of electric vehicles (EVs) in the automotive market. Moore drew parallels to a Full Article »
BMW has reported a remarkable surge in the sales of its electric vehicles (EVs) during the third quarter of 2023. According to the company’s statement released on Tuesday, the sales Full Article »
Toyota is set to accelerate its production of electric vehicles (EVs) under both its flagship Toyota and upscale Lexus brands, as reported by the Nikkei newspaper. This move reflects Toyota’s Full Article »
The seemingly excessive number of electric vehicles (EVs) on dealership lots isn’t indicative of dwindling demand; instead, it’s a result of the EV market’s rapid growth causing temporary imbalances, as Full Article »
