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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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GM expects lower 2024 EV sales amid lagging demand

Baua Electric

General Motors does not expect to build as many electric cars as initially planned this year. At the Deutsche Bank Global Auto Industry Conference Tuesday, Jacobson said GM will continue to produce cars based on demand. After selling only 75,883 electric cars last year, GM missed its 100,000 EV sales goal.

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GM expects lower 2024 EV sales after killing its most popular model

Baua Electric

General Motors does not expect to build as many electric cars as initially planned this year. At the Deutsche Bank Global Auto Industry Conference Tuesday, Jacobson said GM will continue to produce cars based on demand. After selling only 75,883 electric cars last year, GM missed its 100,000 EV sales goal.

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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 […].

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More auto plant shutdowns for COVID-19

Green Car Congress

Honda transmission and engine plants in North America that serve Honda auto plants also will suspend production for the same time period. Hyundai Motor Manufacturing Alabama (HMMA) has already suspended production in all areas, for all shifts, on 18 March, following the confirmation of a case of COVID-19 among its workforce.

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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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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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