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...
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,
Rule change means all company vehicles over $58k need the distinctive plates and it’s a big tax and status turn-off for wealthy Koreans
Edmunds explains how partial zero emission vehicles may help put more zero emissions vehicles on the road.
Way.com surveyed 1,000 customers across the country see how electric vehicle popularity split among political parties.
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.
Most qualifying buyers of new electric vehicles choose to get their tax break as an advance payment instead of waiting until tax season.
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 []
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 […]
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...