Mounting competition in the stuttering electric vehicle market is taking the juice out of Tesla. The automaker's first-quarter profit plummeted 55% as falling global sales and price cuts sliced into the EV maker's revenue and earnings. The company said Tuesday it made $1.13 billion in profit from January through March, compared with $2.51 billion in the same period a year ago. Revenue was $21.3 billion, down 9% from last year, the company said.Tesla executives blamed the dip partly on EV sales...
Electric vehicle sales may be slowing but a senior member of the Ford government said there’s been no slowdown in the interest or intentions of companies looking to be part of the province’s emerging EV supply chain. In fact, Economic Development, Job Creation and Trade Minister Vic Fedeli predicts Ontario will have a “spectacular” 2024 […]
Electric vehicle sales may be slowing but a senior member of the Ford government said there’s been no slowdown in the interest or intentions of companies looking to be part of the province’s emerging EV supply chain. In fact, Economic Development, Job Creation and Trade Minister Vic Fedeli predicts Ontario will have a “spectacular” 2024 […]
Edmunds explains how partial zero emission vehicles may help put more zero emissions vehicles on the road.
MARINE CORPS BASE CAMP PENDLETON, Calif. – Marine Corps Base Camp Pendleton had extended electric vehicle charger service beyond government owned electric vehicles (EVs) to personally owned EVs. As of April 22, 2024, this new resource is available to EV drivers with base access.
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled his plan to put the entire U.S. budget on a blockchain. “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day,” he explained, adding that if somebody is spending $16,000 for a toilet seat, everybody […]
There is little doubt that the electric car is here to stay so let us consider the pros and cons or whether you might be better off with a hybrid. The good news is that if you care about your immediate environment then an electric does reduce emissions as well as carbon footprint and you […]
The EV revolution is a tempting proposition for entrepreneurs. But the business is not for the faint of heart. Successes tend to have a few common traits.
With billions being pumped into EV manufacturing, and more cars poised to hit the market, do Canadians want to buy those cars in the first place?
See photos of famous people driving their new Tesla Cybertrucks.
(The Center Square) – One strategy for state officials looking to transition Washington’s transportation sector to electric vehicles is by subsidizing them with taxpayer dollars. This week, Gov. Jay Inslee announced $45 million in subsidies through a Department of Commerce grant program for families deemed “low-income” to purchase an EV. “Washingtonians really get it when it comes to electric vehicles,” Inslee said at a Wednesday news conference in Tukwila. ...
(TestMiles) - In an automotive industry racing towards electrification, Toyota takes a commanding lead with its unveiling of the 2025 Toyota Camry, marking a significant shift in the company’s strategy towards hybrid electric vehicles (HEVs). This next-gen Camry, set to hit dealerships in Spring 2024, not only challenges conventional wisdom but also positions Toyota as []