All articles tagged with #electric vehicle sales
Tesla's stock surged 33% in September amid investor optimism about Elon Musk's focus on transforming the company into an AI powerhouse, though concerns remain about short-term sales, EV demand, and the company's long-term AI prospects.
Panasonic is delaying full production at its Kansas battery plant due to declining electric vehicle sales and shifts in U.S. policies, threatening a $4 billion project that was expected to create thousands of jobs and boost local economy. Despite the delay, the plant's grand opening is scheduled, and local officials remain optimistic about future growth.
A new report suggests that electric vehicle sales in the U.S. need to rise significantly to meet President Joe Biden’s emissions targets, with EVs projected to make up more than two-thirds of all cars on America’s roads by 2032. Vietnamese car maker VinFast is launching its own electric charging network, while a study finds that implementing solutions such as expanding cycling infrastructure and greening public transport networks could significantly reduce carbon emissions from urban transport by the 2030s. Additionally, Amazon's Zoox self-driving taxi service has been cleared to expand in Las Vegas, allowing the vehicles to operate at higher speeds and in more areas.
Cox Automotive predicts that General Motors will remain the top automaker in terms of new vehicle sales in the first half of 2023, followed by Toyota Motor and Ford Motor. Total new vehicle sales volume is expected to rise by 11.6% year-over-year, reaching 7.65 million units in the first half. Cox also forecasts significant sales growth for electric vehicle manufacturers such as Tesla, Rivian, and Lucid Motors, with Tesla projected to deliver 329,137 units by the end of the first half. Cox estimates that total battery electric vehicle sales will exceed 500,000 units in the first half of 2023.