article thumbnail

GM resumes sales, cuts price of Chevy Blazer EV after software issue – ET Auto

Baua Electric

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. General Motors said on Friday it is resuming sales and cutting the price of its Chevrolet Blazer EV after software quality issues prompted the largest U.S.

GM 52
article thumbnail

SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK On, which supplies to Ford Motor Co, Volkswagen and Hyundai Motor among others, widened its operating loss to 332 billion won in the first quarter from 18.6 Inflation Reduction Act,” said Kang Dong-jin, an analyst at Hyundai Motor Securities. billion won in the previous quarter due to fewer EV battery shipments. .

Auto 52
article thumbnail

Cadillac ramps up Lyriq electric vehicle output as battery supply grows – ET Auto

Baua Electric

General Motors’ Cadillac is ramping up production of its Lyriq compact, electric sport utility vehicle now that more batteries are available and demand for luxury EVs remain strong despite a slowdown for other types of EVs, a senior executive said on Thursday. .” The luxury brand had delivered fewer than 2,400 in the first half.

article thumbnail

Education key in WM Motor’s plan to create a second-hand EV trading platform

China EV

WM Motor aims to be a volume brand. I want to become the Volkswagen or Xiaomi of the EV sector,” co-founder Freeman Shen told me when I interviewed him at the WM Motor headquarters in Shanghai in February. “I Crane has a lot of insight into residual values for the U.S. BEVs can qualify for up to $7,500 in federal tax credits.

article thumbnail

What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

As such, I think without significant price discounts (all of the other EVs also have access to the Federal tax credit except the Tesla), the two Bolt models will never see sales in the US above around 35,000 per year (if that even). If you think about General Motors, we are strong in the middle of the country.

GM 116
article thumbnail

Must Read 40+ Electric Vehicle Interview Questions & Answers

Get Electric Vehicle

The anwers are written such a way that you get a detailed insight about the topic. An electric vehicle is a type of vehicle that uses one or more electric motors for propulsion instead of an internal combustion engine that runs on fossil fuels like gasoline or diesel. You shall pick only the relevant points to answer the question. #1

article thumbnail

Georgia Tech study finds MD electric urban delivery trucks have cost advantages over diesel in some conditions; relative benefits depend on numerous factors

Green Car Congress

Urban delivery trucks have low average driving speed, and electric motors provide higher efficiency at low speeds. The objective is to provide answers and insights to the following questions: Which type of truck, under what conditions, consumes more energy? Which emits more GHGs? —Lee et al.

Georgia 268