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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. We hope they will rapidly scale up production so it can be available in every Ford dealer in all 50 states. There’s no turning back. … The only question is whether we’ll lead the race or fall behind.” We couldn’t agree more. .

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

Teslarati

billion at two of its Canadian vehicle production plants as part of a dedicated EV and software push. We’re building a world-class Canadian auto industry, an innovative economy and a clean, strong future for everyone. in Canada to boost electric vehicle production appeared first on TESLARATI.

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

Teslarati

Ford CEO Jim Farley stated that the automaker has now doubled its electric vehicle production goals to 600,000 units by 2023. CEO Jim Farley said yesterday that Ford would be increasing its EV production goal from 300,000 to 600,000 over the next two years, aiming to solidify the manufacturer’s position as #2 in the U.S.

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

Teslarati

The three products above saw new expected production dates from Tesla CEO Elon Musk on Thursday at its “Cyber Rodeo” at Gigafactory Texas. The Cybertruck was slotted for production in late 2020. But more than anything, 2023 is a chance for Tesla to truly break away from its competitors in terms of its product line.

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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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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. General Motors said earlier this month that is finally ramping up production of its Cadillac all-electric Lyriq SUV this year. of its total volume. Still, that’s a 93% bump from 2022.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 billion in Federal support for GM and $2 billion for Chrysler; deeper job and brand cuts; as well as product plans for the surviving versions of the automakers. GM product plans.

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