Independent thinking for complex markets and current events
When it debuted a few years ago, Porsche’s Taycan broke records and shattered expectations of what an EV could be. Since then, though, times have changed, and public sentiment for EVs has cooled. Most recently, a perfect storm of variables has led to Porsche continuing to develop gas engines for many of its models and …
Chinese automaker BYD Co. (1211.HK, BYDDF) has shattered its 2024 sales targets, delivering 4.27 million electric vehicles — a 41.3% leap from 2023. The company also hit a monthly sales record in December, posting 514,809 units sold. https://finance.yahoo.com/video/chinas-byd-sells-over-500k-150001986.html
Lithium and nickel producers begin mass layoffs and pause multi-billion-dollar projects as US says no to electric car push. Americans were sold the promise that electric vehicles would bring production companies and an influx of jobs to small towns nationwide as part of a modern day goldrush. However, as interest in EVs has slipped, lithium …
A lot of EV owners were stuck in a parking lot due to charging woes.
General Motors in 2022 started offering buyouts to U.S. Buick dealerships unwilling to make hefty investments required for the sale and service of upcoming electric vehicles, and it turns out the offer was popular. Buick chief Duncan Aldred told Automotive News (subscription required) in an interview published on Wednesday that roughly 1,000 Buick dealerships will …
