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GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We remain committed to an all-electric future,” says GM as it announces a rollback of its electrification plans. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition.

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The révolution is on: France has record year in EV sales

Baua Electric

Photo by Pixabay on Pexels.com It was a very good year in France for electric cars, for all kinds of reasons – among them, new cheaper cars entering the market supported by generous government subsidies. In 2023, 26% of new cars sold in France were battery electric and plug-in hybrid vehicles, a huge 47% jump from 2022.

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Tesla’s apparent red carpet treatment in India an effective tool against rivals

Teslarati

These include BYD, which outsell Tesla in China in terms of New Energy Vehicles (NEVs) sales. BYD’s sales of pure electric cars lag against Tesla’s, but in terms of raw NEV volumes, the Chinese automaker is far ahead of the American EV company. India is an increasingly important market in the auto industry.

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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

More than 1 in 5 cars sold globally this year is expected to be electric, with surging demand projected over the next decade, says a new International Energy Agency (IEA) report. In 2024, electric car sales in China are projected to jump to about 10 million, accounting for about 45% of all car sales in the country.

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Tesla jumps 35 spots up Fortune’s 500 list following blockbuster 2021 results

Teslarati

billion, and Tesla, of course, represents a revolution in the auto industry. Because all the other big automakers — Ford, GM, Volkswagen — internationally, they’re all committing to electric cars in the future. billion in revenue, up 70% from 2020, and expanding significantly into key European and Chinese markets.

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Tesla is redefining the “Made in China” moniker with Giga Shanghai: report

Teslarati

The narrative surrounding Tesla appears to have shifted for the better in China, with Xinhua News Agency , the official state-run press agency of the People’s Republic of China, recently posting a glowing analysis of the EV maker’s effect on the country’s auto sector.

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Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market

Baua Electric

Hyundai and BAIC’s relationship dates back to 2002 when they established a joint venture to build a car plant in China. Although reports claimed Hyundai would produce EVs under the Chinese automaker’s Arcfox brand in October, those plans have since fallen through over financing. FTC: We use income earning auto affiliate links.

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