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Tesla

Every EVXL story tagged “Tesla” — newest first.

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Jul 22
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Rivian Surges Ahead, Defying EV Market Concerns
Rivian

Rivian Slashes Production Forecast Due to Supply Shortage

Rivian, the electric vehicle manufacturer, has announced a significant reduction in its production forecast for this year due to a parts shortage. This news comes from The Verge, highlighting the ongoing challenges faced by the EV industry. Production Cuts and Missed Expectations Rivian’s revised production estimate now stands at 47,000-49,000 vehicles for the year, a…

Michigan

Trump’s EV Attack Ad Sparks Heated Debate in Michigan’s Auto Heartland

The Trump campaign has launched a provocative new ad in Michigan, taking aim at the Biden-Harris administration’s electric vehicle (EV) policies. This move has ignited a fiery debate in the crucial swing state, known for its deep-rooted automotive heritage, as reported by Politico. Controversial Claims and Republican Political Strategy Trump’s ad boldly claims that Vice…

Toyota

Toyota Delays US-Built EVs, Adjusts Strategy Amid Market Shifts

Toyota’s plans for U.S.-built electric vehicles have hit a speed bump. According to a report from Nikkei, the Japanese automaker is pushing back its timeline for American-made EVs by several months, reflecting ongoing challenges in the electric vehicle market. Kentucky and Indiana Plants Face Setbacks The company’s initial goal was to start producing a three-row…

China's BYD has overtaken Tesla as the world's best-selling maker of electric cars. In the final quarter of last year, BYD, backed by Warren Buffett, sold 526,409 fully electric vehicles, outpacing Tesla's 484,507.
BYD

BYD’s Hybrid Surge: Chinese Automaker Shifts Gears in Global EV Race

BYD, the $122 billion Chinese auto and battery giant, is experiencing a significant shift in its product mix, with hybrid vehicles overtaking pure electric models in sales this year. This trend, particularly driven by exports, highlights the growing global demand for hybrid technology but also raises questions about competition and regulatory challenges, reports Reuters. Hybrid…

Toyota Takes Flight with $500M Investment in Joby's Electric Air Taxi Vision
Toyota

Toyota Takes Flight with $500M Investment in Joby’s Electric Air Taxi Vision

In a bold move that signals a new era of urban mobility, Toyota Motor Corporation is soaring to new heights with a hefty $500 million investment in Joby Aviation’s electric air taxi dream. This groundbreaking announcement cements Toyota’s position as a key player in the race to revolutionize city transportation. A Partnership Reaching New Altitudes…

GM

GM’s EV Sales Surge 60% in Q3, Riding Wave of Electric Innovation

General Motors (GM) has reported a significant boost in its electric vehicle sales for the third quarter of 2024, according to their latest sales results. The automaker’s EV deliveries surged by 60% year-over-year, reaching a record 32,095 units. Record-Breaking Quarter for EVs While GM’s total vehicle sales in the U.S. reached 659,601 units, making it…

US Government Shells Out $2 Billion in EV Tax Credits, Boosting Electric Vehicle Adoption
US Government

US Government Shells Out $2 Billion in EV Tax Credits, Boosting Electric Vehicle Adoption

The U.S. Treasury has reported a significant milestone in electric vehicle (EV) adoption, with $2 billion in tax credits issued for over 300,000 EVs since January 1st. This surge in EV purchases comes as new point-of-sale tax credit rules took effect, making it easier for consumers to take advantage of rebates worth up to $7,500…

BYD Recalls Nearly 97,000 EVs Over Potential Fire Risk
BYD

BYD Recalls Nearly 97,000 EVs Over Potential Fire Risk

BYD, China’s leading electric vehicle manufacturer, is recalling almost 97,000 EVs due to a manufacturing defect that could lead to fire risks, according to Reuters. The Recall Details The recall affects Dolphin and Yuan Plus models made in China between November 2022 and December 2023. The issue stems from a faulty steering control unit that…

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