WednesdayMay 03, 2023 2:55 pm

GM to Bring Down Curtain on Chevy Bolt This Year

In last week’s first quarter earnings conference call, General Motors CEO Mary Barra announced that the company intends to discontinue making its electric Chevy Bolt vehicles prior to the year's end. Most of General Motors' electric car sales so far have been made up of the Chevy Bolt EV and EUV, a bigger version of the vehicle. The batteries in the cars, however, are an old design and chemistry compared to those found in the carmaker's more recent electric models, such as the Cadillac Lyriq and GMC Hummer, which are built on GM's Ultium platform. Barra announced that an assembly…

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TuesdayMay 02, 2023 1:24 pm

IEA Predicts EV Global Sales Will Leap by 35% in 2023

Electric vehicle sales are expected to reach an all-time high globally in 2023, increasing their market share to around one-fifth and bringing about a significant change in the automotive sector that will have an impact on the energy industry, particularly oil. The IEA's new Global Electric Vehicle Outlook reports show that last year, more than 10 million EVs were offered for sale globally, that number that is projected to increase by 35% in 2023 and hit 14 million EV units. According to Fatih Birol, electric cars are among the main forces behind a new energy economy globally, which is experiencing…

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TuesdayMay 02, 2023 9:45 am

Two Recent Mullen Automotive Inc. (NASDAQ: MULN) Deliveries Reflect Growing Interest in EV Fleet Development

MULN delivers initial Class 1 EV cargo vans to two customers: the University of North Carolina and MGT Lease Company UNC Charlotte ordered Mullen’s Class 1 EV cargo vans for use across its 1,000-acre campus Mullen’s Class 1 is a “perfect entry point for us,” said MGT executive In the first of many anticipated deliveries, Mullen Automotive (NASDAQ: MULN) announced that its Class 1 EV cargo vans have been delivered to two customers: the University of North Carolina ( and MGT, a growing commercial vehicle sales and leasing company ( The vehicle orders were fulfilled with the support of the…

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MondayMay 01, 2023 1:48 pm

Tesla Says EV Prices Could Continue Evolving

Despite frequent price reductions hurting the company's revenues, Tesla Inc. (NASDAQ: TSLA) maintains that it does not have any intentions to stabilize its electric vehicle prices. The automaker is struggling with how increasing competition and rising borrowing fees will affect customers. This year, the company has frequently slashed prices in response to the demands. Last week the company warned its investors that product prices could go on an upward or downward trend. Early in the month, billionaire Elon Musk, in a tweet, claimed that the price cuts were not intended to launch a pricing war but rather to make its…

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