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Despite Elon Musk’s foolishness, auto industry shouldn’t give up on NACS

Baua Electric

Tesla CEO Elon Musk is causing chaos in the EV industry by firing Tesla’s entire charging team, which may lead some automakers to reconsider their plans to adopt the NACS plug. But NACS is just a better standard, and the industry should move forward on it, even if Tesla waffles with its commitment. Is NACS going to die?

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

The move comes as high interest rates have been a headwind for the auto industry over the past few years, and as electric vehicle (EV) sales have been slowing this year. In February, Tesla began offering promotional pricing on the Model Y with a $1,000 discount through the end of the month in North America.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 million units in 2011 and only 13.6 million in 2012. million units in lost vehicle sales this year. Preventing that erosion will be key.

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EAA National Board nominations from across North America

Electric Auto Association

Meet the 17 Electric Auto Association members nominated for the National Board BY APRIL BOLDUC: PRESIDENT OF THE ELECTRIC AUTO ASSOCIATION It’s the most board candidates in our history. He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Magna executives said on a post-earnings call the company was assessing impacts from automakers’ shifting electrification plans, particularly in North America. 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.

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EAA National Board nominations from across North America

Electric Auto Association

Meet the 17 Electric Auto Association members nominated for the National Board BY APRIL BOLDUC: PRESIDENT OF THE ELECTRIC AUTO ASSOCIATION It’s the most board candidates in our history. He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation.

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Ceres: national fuel economy and emissions standards can increase viability of domestic automakers and suppliers

Green Car Congress

New analysis commissioned by Ceres, a sustainability nonprofit organization working with investors and companies, suggests that national fuel economy and emissions standards can help increase the viability and international competitiveness of domestic automakers and suppliers. The analysis, “ What’s Driving the U.S —Alan Baum.