EV Inventories Hit Record High in US as Cars Pile Up on Lots
Electric vehicle inventories on U.S. dealer lots reached a new high in December, with a 114-day supply that was more than double what it was a year ago.
BMW Expects EV Sales to Keep Growing but at a Slower Pace
BMW AG remains bullish on battery-powered electric vehicles in the U.S., even though it’s expecting the sector’s market share gains to slow.
Maine Considering California-Esque EV Sales Incentives
Maine environmental regulators will decide next week whether the state should join others in adopting California-style regulations to limit the sale of new gas-powered vehicles.
Ford Cuts Electric F-150 Plans in Ominous Sign for EV Market
Ford Motor Co. is cutting 2024 production goals in half for its F-150 Lightning plug-in pickup truck — its signature electric vehicle — due to slowing demand for battery-powered models.
Ryder Reveals First Two Companies in EV Fleet Program
Truck leasing and logistics company Ryder System identified its initial customers Dec. 5 for its RyderElectric+ turnkey electric vehicle fleet program.
House GOP Votes to Block EPA Tailpipe Emissions Rule
House Republicans approved a bill Dec. 6 to block strict new tailpipe pollution limits proposed by the Biden administration, calling the plan a back-door mandate for electric vehicles.
Renault Taps AI to Cut EV Production Costs in Half by 2027
Renault SA is deploying artificial intelligence technology to help cut the cost of producing electric vehicles in half by 2027 as the race to make affordable mass-market cars intensifies.
Michigan Government Vehicle Fleet Going All-Electric by 2040
Every vehicle in Michigan state government’s fleet must be zero-emissions by 2040 after Gov. Gretchen Whitmer issued an executive order establishing the goal.
GM’s All-Electric Pledge Hinges on Demand, CEO Barra Says
General Motors Co.’s pledge to have an all-electric fleet by 2035 hinges on consumer acceptance, Chief Executive Officer Mary Barra said.
Proposed EV Tax Rules Could Make Full Credit Harder to Get
The departments of Treasury and Energy proposed new rules Dec. 1 that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit.