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Ford doubles down on EVs despite heavy losses in Q1

Teslarati

billion in losses, before interest and taxes (EBIT) were accounted. Ford postpones EV launches to focus on hybrid production Ford, like many other EV automakers, is living through a slowing EV market. Tesla has acknowledged some pressure in EV market. The Model e unit reported $1.3

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Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

with other markets to follow. Two automakers this past week, both known for affordable gasoline cars, dashed hopes of seeing more affordable EVs anytime soon. Toyota also dismisses the viability of an affordable EV —in this case, specific to the European market. 2023 Tesla Model Y – Courtesy of Tesla, Inc.

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Kia mulls EV plant in Thailand to take on Toyota and BYD with affordable electric cars

Baua Electric

Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Chinese automakers like BYD are already stealing market share, but Kia is in talks over a new EV plant in Thailand that could help position itself as an early leader. Meanwhile, Kia has bigger (or, smaller and more affordable) plans.

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EV sales near 8% of US new vehicle market

Baua Electric

new vehicle market this month, S&P Global Mobility has predicted. 2024 Honda Prologue Analysts predicted steady growth in EV market share over the next few months in part due to the planned introduction of more affordable models like the Chevrolet Equinox EV, Honda Prologue, and Fiat 500. EV sales will reach 8.0%

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Tesla set to dominate North America’s used car market as officials ponder 2nd-hand EV incentives

Teslarati

Telsa could dominate the United States and Canada’s used car industry as politicians contemplate introducing tax credits and rebates for used electric vehicles (EVs). Tesla started producing its affordable Model 3 sedan only a few years ago, but it has already started making headways in the used car market.

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President Biden proposes $174B spend on EVs and chargers

Green Car Congress

As part of his more than $2-trillion spending package (“The American Jobs Plan”), President Biden is proposing a $174-billion investment in the EV market in the US.

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SAFE Report: electricity shortfalls impede IRA’s materials production goals

Green Car Congress

However, the series of bills do not address the main obstacle to producing primary aluminum: access to ample supplies of affordable energy, the report says. The SAFE “ Legislative Analysis for the U.S. Unfortunately, the demand-side drives for aluminum outpace these few supply-side investments.