Tesla sales suffer most as Toyota's gas-hybrid and PHEV products rise despite challenging economic conditions.
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...
Passenger-car sales in Europe fell 2.8% in March as automakers including Volkswagen AG and Stellantis NV faced weaker demand, particularly for electric vehicles.
International Energy Agency says 17m vehicles will be sold this year, up more than 20% compared with 2023Electric and plug-in hybrid car sales will jump to a new global record in 2024 despite slowing growth in some markets, according to forecasts from the influential International Energy Agency (IEA).The Paris-based forecaster said that 17m battery electric vehicles and plug-in hybrid electric vehicles will be sold in 2024, up more than 20% compared with 2023. Continue reading
More than 1 in 5 cars sold globally this year is expected to be electric,
Carlos Tavares, chief executive of Stellantis, said that a law to limit petrol car sales would force manufacturers to sell vehicles at a loss.
Electric cars have not become better or cheaper fast enough, and without rapid improvements the market will run out of road, says Paul Ormerod This week I got rid of my electric car. As a car, it was a pleasure to drive. I also enjoyed the fact that it disconcerted at least some of my []
Align: Vroom editors Paul Brian and Lauren Fix may be seasoned car industry experts, but that doesn't mean they're completely immune to the electric vehicle hype. "As far as looks spectacular," says Lauren. "Technology, amazing. And all of this entices you because the car manufacturers are doing something completely different than they did before." But those compliments come with some pretty big misgivings. Should you hop on board the EV bandwagon? Paul and Lauren recently sat down with me to...
Barcelona, April 22 (Prensa Latina) Spain and China are preparing to produce 150 thousand vehicles, mainly electric, after an agreement signed today in Barcelona by Chery and Ebro-Ev Motors. The post Spain and China: electric cars in Barcelona first appeared on Prensa Latina.
Global electric vehicle sales are set to rise by more than a fifth to reach 17 million this year, powered by drivers in China, according to the International Energy Agency. In a report Tuesday, the IEA projected that “surging demand” for EVs over the next decade was set “to remake the global auto industry and significantly reduce oil consumption for road transport.” It expects half of all cars sold globally to be electric by 2035, up from more than one in five this year, provided charging...
By Hanna Ziady, CNN London (CNN) — Global electric vehicle sales are set to rise by more than a fifth to reach 17 million this year, powered by drivers in China, according to the International Energy Agency. In a report Tuesday, the IEA projected that “surging demand” for EVs over the next decade was set
By Hanna Ziady, CNN London (CNN) — Global electric vehicle sales are set to rise by more than a fifth to reach 17 million this year, powered by drivers in China, according to the International Energy Agency. In a report Tuesday, the IEA projected that “surging demand” for EVs over the next decade was set