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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. As noted by Autoblog, several automakers have raised prices on their electric models in recent months.

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

Plug in America

The future of the auto industry is electric,” said President Biden. The F-150 Lightning is among the new electric truck options that will soon become available, including the Tesla Cybertruck , the Rivian R1T , and the GMC Hummer EV. There’s no turning back. … The only question is whether we’ll lead the race or fall behind.”

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

Teslarati

GM’s GMC brand will have the Hummer EV releasing in the coming months to contribute, but a spokesman for the company said that General Motors was already approaching 300,000 sales globally through the first three quarters of 2021. . The auto industry will produce roughly 7.7

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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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GM’s epically bad year still earned it $10 billion – but that’s not due to EV sales

Baua Electric

GM forecasts its total US auto industry sales to hit 16 million in 2024, but it has dropped its goal of making 400,000 EVs through mid-2024. EV sales were rough last year: In 2023, GM delivered 75,883 BEVs in the US, about 2.9% of its total volume. Still, that’s a 93% bump from 2022. Still, it is aiming to have 1 million EVs by 2025.

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