General Motors Cuts 1,000 Jobs Amid Push To Sell Unprofitable EVs
General Motors (GM) cuts staff The Wall Street Journal reports that 1,000 jobs will be announced on Friday as part of a broader effort to cut costs and boost sales of electric vehicles (EVs). Although GM’s EV sales have increased as of the third quarter of this year, the company is still expected to be […]
Ford Hemorrhages Another $1.2 Billion On EVs As Market Struggles Continue
Ford Motor Co. posted an additional $1.2 billion in losses related to electric vehicles (EVs) in the third quarter, according to a press release Monday. The company’s net income also fell to $900 million, down $300 million from Q3 2023. According to Go to press release. The loss was primarily due to EV-related costs of […]
Americans Less Enthused About EVs Despite Biden’s Green Cars Push, Survey Finds
Americans looking for a new car are 14% less likely to want to buy an electric vehicle (EV) in 2024 than in 2023, according to a survey released Monday by consulting firm EY. of investigation Approximately 34% of respondents 1,500 Of Americans who plan to buy a new car within the next two years, 48% […]
EPA Chief Says ‘We Don’t Have An EV Mandate’ Months After Finalizing Rules That Mandate More EVs
Environmental Protection Agency (EPA) Administrator Michael Regan said Wednesday that the Biden administration is not imposing an electric vehicle (EV) mandate, despite recently finalizing a policy that would effectively require a massive increase in EV production. Regan made the remarks while appearing before the House Oversight and Accountability Committee on Wednesday, where she was questioned […]
Energy, Business Groups Ask Supreme Court To Stop California From Forcing EVs On The Rest Of America
Many industry groups are urging the Supreme Court to review a lower court decision that effectively allowed California to push electric vehicles (EVs) into the rest of the U.S. The plaintiffs are asking the Supreme Court to review an earlier challenge by the U.S. Court of Appeals for the D.C. Circuit to reject an earlier […]
‘Mugged By Reality’: Biden Opened The Door For Chinese EVs To Flood The US Before Moving To Cork It Up, Experts Say
Energy and trade experts told the Daily Caller News Foundation that the Biden administration has created the conditions for Chinese electric vehicles (EVs) to overwhelm U.S. competitors and is now trying to stop that possibility. He is said to be enthusiastic. Backed by President Joe Biden's signature Inflation Control Act (IRA), the administration aim The […]
‘Collecting Dust:’ Car Dealerships Reporting Prolonged Shelf-Life For EVs
Electric vehicles (EVs) are reportedly taking up space in auto dealerships across the country. Data reported by Cox Automotive reveals that automakers including Ford, General Motors, Hyundai and Toyota are left with 90 days of unsold inventory of EVs at dealerships across the country. Became. report. Many major manufacturers report that a total of about […]
Biden EPA Official Unable To Say How Much EVs Cost On Average Despite His Agency Pushing Them
A senior Environmental Protection Agency (EPA) official tasked with guiding the Biden administration’s emissions-control policy has said that in the United States, despite his own Environmental Protection Agency pushing for drastic regulations on internal combustion engine vehicles in the country. We were unable to approximate the average cost of electric vehicles (EVs) sold. The automotive […]
