The Truth About Cars
MARCH 15, 2024
Photo credit: Standret / Shutterstock.com The auto industry has seen a rebound in customer satisfaction with dealer service experiences this year, marking a positive shift. This article was co-written using AI and was then heavily edited and optimized by our editorial team.
Get Electric Vehicle
SEPTEMBER 25, 2022
Kant stated that the transition to electric mobility is gaining traction as the cost of batteries, which contribute 40 to 45% of the cost of an electric vehicle, continues to plummet. When that occurs, the initial cost of purchasing an EV without a FAME subsidy will be less than that of an equivalent internal combustion engine vehicle.
Baua Electric
MAY 4, 2024
Supply chain constraints, coupled with labor shortages which began during the pandemic, also continue to impact the auto industry as they try to ramp up production. The Aurora, Ontario-based company also recorded asset impairments and restructuring costs of USD 316 million related to troubled EV startup Fisker.
Teslarati
MARCH 23, 2023
Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. With Tesla’s most significant vehicle production cost still being the battery, there is no doubt the business will benefit dramatically from the falling price of one of its core elements.
Teslarati
AUGUST 12, 2022
The vehicle’s price hike, raising as much as $8,500 for some trim levels, is apparently in reaction to the rising costs of battery materials. Ford is already working to combat these rising material costs. Ford is not alone in being forced to raise prices and innovate to combat rising battery costs.
Teslarati
FEBRUARY 18, 2023
With Tesla’s profit margins becoming the envy of the auto industry, we may see an ever-increasing number of automakers moving into lithium extraction and refining. However, with the expertise and property holdings that mining companies currently possess, this move could come at the astronomical cost of a corporate acquisition.
The Truth About Cars
MARCH 21, 2024
I get fired up about this kind of stuff not because I approve of the rule -- I honestly haven't given thought to whether it will be effective or not, and any opinion/analysis discussion about it is best set aside for a separate article -- but because I am tired of self-interested politicians blatantly lying to our faces.
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