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EV prices soar, as one exec warns of market "collapse" if they don't get cheaper

Green Car Reports

EV prices are soaring at a non-sustainable rate, one auto-industry executive warns. Tesla has raised prices multiple times this year, and the GMC Hummer EV got a $6,250 price bump last week. Ford and Rivian have raised prices recently as well.

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Visiting Ford EV Center, Biden says, “The future of the auto industry is electric”

Plug in America

This week, President Joe Biden visited the Ford Motor Company Rouge Electric Vehicle Center in Dearborn, Michigan, getting a preview of the all-electric version of their F-150 pickup truck, the highest-selling vehicle in the country. The future of the auto industry is electric,” said President Biden. There’s no turning back. …

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Ford doubles EV goal for 2023 and has a new semiconductor partner to help

Teslarati

Ford made several leaps forward in its push toward electric vehicles today. Ford CEO Jim Farley stated that the automaker has now doubled its electric vehicle production goals to 600,000 units by 2023. Ford also signed a non-binding contract with GlobalFoundries, a global leader in feature-rich semiconductor chip manufacturing.

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Ford, Volkswagen, and GM Explore EV-Powered Houses

Cars That Think

No less an auto industry titan as Ford has also made bidirectional charging a selling point of their F-150 Lightning electric truck, reportedly slated to roll off the lines this year. GM produces the Chevy Volt and GMC Hummer EV and is preparing its 2023 launch of the Silverado EV.) feet) of torque. Not so independent.

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Stellantis looks to invest $2.8B in Canada to boost electric vehicle production

Teslarati

We’re building a world-class Canadian auto industry, an innovative economy and a clean, strong future for everyone. Part of the funds for the initiative would be coming from the Canadian and Ontario governments, which are looking to invest $410.7 million and $398 million, respectively. .

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BrightDrop: GM’s silent push into electric commercial vehicles

Charged EVs

They’ve seen Super Bowl ads for the GMC Hummer EV , or heard news about the lengthy, painful Chevrolet Bolt EV battery recall. BrightDrop offers a fascinating window into the breadth of GM’s EV plans, though even many people in the auto industry know little about it. The BrightDrop Zevo 600. Photo courtesy of BrightDrop.

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How 2023 will be Tesla’s true ‘breakout’ year

Teslarati

The Cybertruck will be the fourth all-electric pickup on the market, following the Rivian R1T, the GMC Hummer EV, and the Ford F-150 Lightning. Covering the luxury, mass market, pickup truck, and commercial sectors would be monumental for a company that has already changed the overall architecture of the global automotive industry.

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