Auto Execs Are Coming Clean: EVs Aren’t Working – Slashdot

[ad_1] Amiga Trombone shares a report from Insider: With signs of growing inventory and slowing sales, auto industry executives admitted this week that their ambitious electric vehicle plans are in…

Ford’s Cost Problem Isn’t Just About EVs

[ad_1] Ford Motor lost about $37,000 on each electric vehicle it sold last quarter. It doesn’t help that the company’s gas-engine business also costs more than it should—a difference from…

Ola Elec raises ₹3.2K crore for cell factory, EVs

[ad_1] Ola Electric on Thursday said it has raised ₹3,200 crore through an equity fundraise led by existing investor Temasek and project debt from State Bank of India (SBI) to…

Stellantis to invest €1.5 billion in Chinese EV manufacturer Leapmotor

[ad_1] Stellantis plans to invest about €1.5 billion in Leapmotor, a Chinese electric vehicle manufacturer, the companies said late on Wednesday. ADVERTISEMENT The European-based maker of Jeep and Ram and…

GM, Honda scrap plans to co-develop ‘affordable’ sub-$30,000 EVs

[ad_1] The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies. Honda DETROIT – General Motors and…

Toyota Chairman Says People Are Finally Seeing the Reality About EVs

[ad_1] TOKYO—Toyota Motor Chairman Akio Toyoda, asked about electric-vehicle challenges including a recent lull in U.S. demand, said the industry was coming to recognize that there isn’t a single answer…

Honda, GM scrap $5 bln plan to co-develop cheaper EVs

[ad_1] A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David ‘Dee’ Delgado/File Photo Acquire Licensing Rights TOKYO,…

The battery test race to work out what used EVs are really worth

[ad_1] LONDON/DETROIT, Oct 23 (Reuters) – A race is on to certify battery health and performance in used electric vehicles, with a clutch of startups scrambling to help buyers figure…

The Ultra-Affordable EVs That Won’t Be Coming to the U.S. Anytime Soon

[ad_1] Most days, Athena Frederick goes grocery shopping and picks up her grandson from school without ever getting into a car. The same is true of her teenage daughter, who…

EU car sales rise for 14th consecutive month, mostly thanks to EVs

[ad_1] New car registrations increased by 9.2% last month, reaching 861,000 units, more than half of which were electric and hybrid vehicles. ADVERTISEMENT New car sales in the European Union…