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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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Will Tesla’s Sales Revenue Surpass GM’s & Ford’s By 2025?

CleanTechnica EVs

Legacy automakers like General Motors and Ford have dominated much of the auto industry for decades. Tesla’s sales revenue numbers have been growing […].

Sale 98
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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. The theory is gaining some legs now that General Motors has decided to support the NACS. General Motors and Ford hold a significant market share of the United States auto industry.

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Can Ford and GM hit their EV targets? Analysts weighs in

Electrek

Ford (F) and General Motors (GM) are gearing up for likely the biggest transformation the auto industry has ever seen. With electric vehicles expected to continue replacing ICE vehicle sales at a record pace, both automakers are striving to boost production significantly by middecade.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021). The US market has remained steadily behind with fewer than 360,000 EV sales annually from 2018 through 2020, whereas Europe saw explosive growth from 390,000 to more than 1.3 Source: The ICCT. Source: The ICCT.

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

Baua Electric

EV sales were rough last year: In 2023, GM delivered 75,883 BEVs in the US, about 2.9% 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. Also, last month, Chevrolet stopped sales of its Chevy Blazy EV due to software issues.

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Survey: Dealers think Biden is moving too fast on EVs

Baua Electric

Dealers think the Biden administration’s EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The rules haven’t been finalized, but that process could be completed as soon as March, the industry journal noted. car dealers and dealership managers.

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