electric vehicle
EVs’ Environmental Benefits Depend on High Mileage: Study
There’s no question that EVs are better for the environment as far as tailpipe emissions go, but research suggests that the production of batteries poses a problem when comparing EVs and ICE-equipped cars. In order for EVs to be environmentally beneficial, drivers must pass a certain mileage threshold, but many U.S.…
Ford Remains Committed to EVs Despite Significant Financial Investments
Ford is holding firm to the idea that EVs are its future by going ahead with an ambitious growth plan despite losing money on every single electric vehicle it has made so far, and Lincoln may completely rethink its EV strategy. According to Automotive News, The Blue Oval recently warned that it would lose about $4.5…
EV Dealers Face Inventory Challenges: Report
America’s major manufacturers have made it clear that electric vehicles haven’t been as profitable as hoped. Ford has stated they expected to lose $4.5 billion on their electric vehicle divisions this year. Detroit’s automakers knew that they were going to lose money in these early years of production, just not that…
GM Aims to Increase EV Production
General Motors has big plans for its EVs. Joining its current (ha, get it?) lineup of electric vehicles by mid-2024 are the Cadillac Escalade IQ, Silverado EV, Equinox and Celestiq, just to name a few. The automaking giant expects to have built 400,000 EVs by that time. According to Automotive News, it’s part of an…
China’s Accumulating Outdated and Abandoned EVs
As electric vehicles have gotten more capable, their adoption across the U.S. has been spreading, and now around 14 percent of new car sales are electric. But while adoption was slow to take hold Stateside, there are some countries where EVs sold like hot cakes from day one. This means that now, there are outdated…