
They say profit margins from combustion vehicles will rise for a few years until a widespread consumer shift toward electric vehicles.
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Fleets that can't access commercial EVs from legacy automakers say they're turning to foreign manufacturers.
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Consumers financed more than 91,000 used electric vehicles (EVs) in 2022, up 45% from 2021, according to Experian data.
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According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
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Toyota Motor Corp’s next chief executive, Koji Sato, is calling for an “EV-first mindset” for the Japanese automaker.
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It’s time to create an environment and culture that welcomes the inherent fears and curiosities of EV buyers, and those who aren’t EV buyers-yet.
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U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
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The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
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The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.
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The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
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