In a surprising turn of events, Hertz has decided to scale back its ambitious plans to electrify a significant portion of its rental car fleet. This decision comes in the wake of unexpected challenges, including higher-than-anticipated electric vehicle (EV) repair costs and Tesla’s price cuts that have reduced the resale value of many electric cars …
Hertz To Use Tesla Less for EV Rentals, EV Repair Costs To Blame Read More »
In the ever-evolving world of electric vehicles (EVs), Chinese automaker Chery has taken a bold leap into the future with a groundbreaking concept that draws inspiration from an unlikely source—the tuna fish. Chery claims that this innovative EV concept is not only aesthetically inspired by this hydrodynamic creature but also boasts the title of being …
It’s highly unusual for a car manufacturer to slash the MSRP of a vehicle after a launch. But that’s exactly what’s happened to the four best-selling electric vehicles in the U.S. now that Ford has joined Tesla in announcing major price cuts. Could this be the start of a full-fledged electric car price war? The …
EV Price Wars: What Big EV Companies Are Slashing Prices? Read More »
California has long been a champion of electric vehicles (EVs) in the United States, leading the way in the adoption and promotion of clean transportation. According to the latest registration data from the California New Car Dealers Association (CNCDA), one-fifth of the vehicles sold in the state are powered by batteries, signaling a significant shift …
Over the past two decades, Chery has been a stalwart in the global automotive industry, driven by a relentless pursuit of independent innovation and a commitment to creating cutting-edge technologies and products. With a presence in China, Germany, the United States, and Brazil, Chery has established a robust network of research and development centers, boasting …
In the rapidly evolving world of electric vehicles, NIO Inc. stands as a beacon of innovation and customer-centricity. With its genesis in November 2014, the company has swiftly maneuvered through the lanes of the electric vehicle (EV) market, carving a unique space for itself. Its mission goes beyond merely offering smart electric vehicles; it aims …
Stellantis has made significant strides in its financial performance, as indicated by the latest reports. Here’s a summary of the most recent financial information: Recent Financial Information of EV Company Stellantis: Financial Aspect Details Revenue $191.4 billion (2022) Net Income $17.9 billion (2022) EBIT Margin 13% (2022) In 2022, Stellantis reported a net profit of …
Stellantis EV Company: A Rapid Stock & Financials Analysis Read More »
Electric vehicles (EVs) have gained significant popularity in recent years, driven by their environmental benefits and the increasing availability of charging infrastructure. One aspect that attracts consumers to EVs is the perception that they are easier and cheaper to maintain compared to their diesel, petrol, or hybrid counterparts. A study conducted by Cap HPI supports …
The electric vehicle (EV) market in the United States is undergoing significant growth, driven by environmental awareness and government incentives. In the pursuit of President Biden’s goal of achieving 50% of all new vehicle sales as electric by 2030, the EV market has witnessed substantial expansion, with more than 800,000 EVs sold in 2022 alone. …
Best and Worst States to Buy EVs Last Year (2022) Read More »
Illinois is leading the charge when it comes to promoting and adopting zero-emission vehicles. Governor JB Pritzker recently outlined the steps the state has taken to support electric car drivers during a “boot camp” event. The efforts seem to be paying off, as there has been a significant increase in the number of Illinois EV …
Electric Vehicle Popularity Surges in Illinois: A New Era of Driving Emerges Read More »
