Investment Considerations Lordstown Motors Corp. has developed an electric vehicle with four in-wheel hub motors that will substantially lower maintenance costs for fleet managers. The Endurance(TM) model will be the first full-sized electric pickup truck that is designed to serve the fleet industry in the United States. Lordstown Motors Group has entered a definitive merger … Continue reading “Lordstown Motors Corp. (NASDAQ: RIDE)”
American electric car manufacturer Rivian Automotive Inc. (NASDAQ: RIVN) has raised its EV production estimates for 2023 thanks to production-line improvements during the second quarter of the year. Rivian will manufacture 2,000 more electric SUVs, vans and trucks at its production plant in Illinois, bringing the plant’s total production estimates to 52,000 electric units. The … Continue reading “Rivian Raises EV Production Targets for 2023”
Ford Motor and Tesla CEOs Jim Farley and Elon Musk made an announcement via a real-time audio conversation on Twitter Spaces on Thursday that the two automakers will collaborate on efforts relating to EV charging for both future as well as present models. In line with the agreement, Ford electric vehicles will be able to … Continue reading “Ford, Tesla Charging Deal Takes EV Industry by Surprise”
The auto industry is dominated by electric passenger vehicles. However, light delivery vans could profit more from electric vehicles in terms of operating costs and range advantages. Currently, light commercial trucks make up a very small portion of all electric motor vehicles marketed; however, electric vehicles are quite suited to working fleets of vans in … Continue reading “Buyers Start Reaping the Benefits of Electric Light Delivery Vans”
The 2023 Rev Up report from the Sierra Club’s poll on shopping experiences this year revealed that 66% of auto dealers in the United States have no electric vehicles to sell, and 45% claimed they would not sell any under any circumstances. According to the report, 44% of the 66% of auto dealers without any … Continue reading “Sierra Club Reports Nearly One-Third of US Dealerships Disinterested in Selling EVs”
Last year, electric vehicles continued to make history when yearly output for the first time surpassed 10,000,000 vehicles. This is a significant increase from the 6,700,000 made in 2021. To visualize the leading 15 brands in terms of output, data from EV volumes is used. By increasing its production capacity by a staggering 211% last … Continue reading “BYD Replaces Tesla as Top Producer of Electric Vehicles Globally”
Tesla has released its report on vehicle deliveries and production for the first quarter of 2023. Being among the world’s top sellers of electric vehicles, Tesla performed admirably over the last three months, largely meeting the expectations of the market. Tesla had the capability of producing 440,000-plus automobiles and managed to deliver more than 422,000 … Continue reading “Tesla Announces Q1 2023 Deliveries That Exceed Estimates”
The 2023 UK Vehicle top accolade has been given to an electric vehicle. The judges praised the vehicle as “excellent” and said that it was reasonably priced. A significant victory for electric automobiles was achieved with the selection of the MG4 as the winner in the UK car contest. The MG4 was declared the ultimate … Continue reading “EV Wins Top 2023 Accolade in UK Car Contest”
In the last two years, China’s yearly sales for electric vehicles has increased from 1.3 million to a staggering 6.8 million, making 2022 the eighth year in a row that China has had the largest electric vehicle market in the world. In contrast, the United States managed only about 800,000 electric vehicle sales in the … Continue reading “How China Gained Global Dominance in EV Industry”
Norway is known for its frequent below-freezing weather, rocky terrain and lengthy outstretched lonely roads; the country might not appear to be the best spot to operate an electric vehicle, which has a battery that drains quickly during cold weather. However, the country has been a global leader in electric vehicles. The amount of range … Continue reading “Norway Proves Cold Weather Isn’t Deterrent to Electric Vehicles”