Tag: GM

Why A Few Bad Quarters Won’t Spell Doom For The Electric Car Revolution | InsideEVs

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If you went into 2023 thinking this year would mark the permanent rise of electric vehicles along some perfect, up-and-to-the-right growth curve, a gloomy tide of recent news may have you wondered how and when, exactly, you ended up in the Twilight Zone. In just the past few weeks, General Motors had a disastrous Q3 earnings call where it abandoned its goal of building 400,000 EVs by mid-2024, announced a delay of more electric models and even hit pause on a new battery plant. Read full story here: Why A…

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Trump Administration Says It Will End Electric Car Tax Credit In The Strangest Way | Electrek

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A Trump administration official has now announced that they are indeed planning to kill to the federal tax credit for electric vehicles, but they are offering a strange timeline as it is unclear if they even have the power to do it. The situation around the federal tax credit for EVs is weirder than ever right now. As Tesla hit the 200,000 delivery threshold to initiate the phase-out, there are two different legislative efforts to change the program. Read full story here: Trump Administration Says It Will End Electric Car Tax Credit In…

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Tesla, GM And Nissan Will Fight To Maintain EV Tax Credits Together | Engadget

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Tesla, GM and Nissan have teamed up on a new lobbying initiative to extend the $7,500 per vehicle tax credit for EVs. The “EV Drive Coalition” — which also counts industry giant ABB and non-profit Plug In America as its members — launched on Tuesday to spur lawmakers into passing reformative legislation that “works better for more consumers for a longer time frame.” Read full story here: Tesla, GM And Nissan Will Fight To Maintain EV Tax Credits Together | Engadget  

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Electric Car Takeoff Just Waiting For Inevitable Price War: Don Pittis – Business – CBC News

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A range of hundreds of kilometers and the proliferation of high speed charging stations are making electrics a rational consumer choice. Except for the price. (Lucy Nicholson/Reuters) After driving a couple of electric cars, I find it easy to see why General Motors and Ford have both announced this week that they are joining the race to make battery-powered vehicles mainstream. The cars I tested weren’t fancy Tesla’s. They were working horse models, namely the Chevy Bolt and the Nissan Leaf, and it was clear that both cars are ready for…

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