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Tesla’s market cap drop is worth almost the entire legacy auto industry

Electrek

Tesla’s loss in market capitalization equals almost the entire legacy auto industry combined – one of the most significant losses in value of all time. The post Tesla’s market cap drop is worth almost the entire legacy auto industry appeared first on Electrek.

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US Auto Industry Down 3+ Million Sales (19%) Since 2019

CleanTechnica EVs

The US auto industry has been declining steadily for a few years at least. Compared to 2021, the American auto industry’s annual sales were down by more than 1 million units, or 8%. Compared to 2020, there were “only” down by 725,726 units (5%).

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US Auto Industry Up 10% In 4th Quarter — But Down 16% Compared To Q4 2019

CleanTechnica EVs

The US auto industry is truly on the rebound. Seemingly not, as US auto industry sales in the 4th quarter of 2022 were 10% higher than […] In the 3rd quarter, sales increasing 1% compared to the 3rd quarter of 2021, the first positive trend in a while. But was it just a lucky little blip?

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Benchmark: Russia’s invasion of Ukraine risks raising costs for Europe’s auto industry

Green Car Congress

Russia’s invasion of Ukraine threatens to increase costs for Europe’s vehicle industry, which is already struggling with record high lithium prices and a shortage of semiconductor chips, according to Benchmark Mineral Intelligence.

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Turbocharge UK competitiveness to win Race to Zero prize, auto industry urges

Electric Cars Report

The call comes as other countries significantly power up political and economic backing for their own automotive sectors, […] The post Turbocharge UK competitiveness to win Race to Zero prize, auto industry urges appeared first on Electric Cars Report.

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Ultra-fast battery maker StoreDot hires auto industry head as chair

Electrek

StoreDot , makers of ultra-fast, Tesla-like 4680 cells, today announced that it’s appointed global auto industry leader Carl-Peter Forster as chairman. The post Ultra-fast battery maker StoreDot hires auto industry head as chair appeared first on Electrek.

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“Not a single year to lose:” Auto industry is pushing world well beyond 1.5°C

The Driven EV News

A report shows that unless carmakers make significant changes in three key areas, the global automotive industry will crash through its carbon budget by 75% The post “Not a single year to lose:” Auto industry is pushing world well beyond 1.5°C C appeared first on The Driven.