Tag: electric vehicles
Dealers need more straightforward guidance for EV tax credits
To almost no one's surprise, the Federal Government's attempt at explaining the new consumer EV tax credit only caused more confusion. It was hoped...
Jury rules Elon Musk not liable for damages caused by 2018...
A San Francisco jury has ruled that Elon Musk is not liable for damages stemming from a 2018 Twitter post which claimed Tesla could...
How will EVs affect fixed operations revenue?
A 2017 article in Automotive News undoubtedly caused indigestion among franchised dealer executives by foretelling how EVs would cause fixed operations to drop. In...
GM invests in world’s third largest lithium mine to secure EV...
Following in the footsteps of other automakers, General Motors has secured EV material production by dedicating $650 million in investments towards the largest lithium mine...
Hyundai starts the year off strong with record breaking January sales
Yesterday, Hyundai released its January sales report, offering good news for investors and dealers alike.
The company started 2023 off strong by selling 52,001 units...
Tesla expects bigger spending bill in 2024, hopes to increase production
Tesla expects to increase its expenditure next year, allocating more funds for its efforts to improve the production capabilities of its factories.
For 2023, the...
BMW predicts 300% EV growth for the U.S. thanks to better...
BMW USA now expects this year's EV sales to reach three times the amount it delivered in 2022, citing better model availability.
The German automaker's...
Tesla to spend $3.6 billion to ready Nevada gigafactory for electric...
Tesla has confirmed $3.6 billion in investments to prepare its Nevada "Gigafactory" site for additional battery manufacturing workloads, and production of its new electric...
BMW doubled EV deliveries, but lost ground on the rest of...
BMW's final tally for 2022 revealed a 108% increase to its EV deliveries, but a 4.8% drop in global sales.
The success of the company's...
Wyoming proposal to ban EVs raises eyebrows instead of awareness
An EV ban proposed in Wyoming has generated some controversy, but seems to have had little impact other than creating confusion.
Although the proposal seeks...