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The Move Away from Electric Vehicles Hertz, a leading rental car company, is taking a significant turn in its vehicle strategy. After a notable push into electric vehicles in recent years, the company is now planning to sell off about a third of its EV fleet, mostly Teslas, amounting to roughly 20,000 vehicles. This move…
Potential Supply Deal or Acquisition in the Works China’s leading electric car manufacturer, BYD, is reportedly in discussions with Brazilian lithium producer Sigma Lithium for a potential supply agreement, joint venture, or acquisition. This news highlights the increasing global interconnectivity in the electric vehicle (EV) industry, reports Reuters. High-Level Meetings and Expansions The talks
A Slight Deceleration in the Electric Vehicle Market In 2023, the global market for electric vehicles (EVs), encompassing both fully electric (BEVs) and plug-in hybrid vehicles (PHEVs), experienced a growth of 31%. This increase, as reported by market research firm Rho Motion, marks a slowdown from the 60% surge witnessed in 2022, reports Reuters. Contextualizing…
In a significant development for electric vehicle enthusiasts, Tesla has launched the redesigned ‘Highland’ Model 3 in North America. This move, reported by Reuters, marks a pivotal moment for Tesla’s Model 3, which had previously seen successful launches in China and Europe. The redesigned Model 3 comes with several enticing features and improvements. Notably, the…
The Dawn of AFEELA At CES 2024, Sony and Honda unveiled AFEELA, their latest automotive brainchild born from the Sony Honda Mobility partnership. AFEELA, despite its unusual name, promises an immersive and interactive driving experience akin to playing a Sony PlayStation. This year, AFEELA returned, showcasing its computer-assisted capabilities and appearing more production-ready than its…
Expanding Color Options for Tesla Owners Tesla, the trailblazer in electric vehicles, has recently updated its car wrap offerings, introducing a more affordable pricing structure and adding a new color, ‘Satin Abbyss Blue’, for Model 3 and Model Y owners. This move is set to add more flair and customization options for Tesla enthusiasts. Addressing…
Rivian Automotive, a key player in the electric vehicle (EV) market, has seen its stock downgraded to 'Hold' from 'Buy' by Wolfe Research analyst
The U.S. Treasury's update on the federal electric vehicle (EV) tax credit has reshaped the attractiveness of Tesla’s Model 3 configurations.
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