Ford Motor Company has announced plans to cut 4,000 jobs in Europe and the U.K. by the end of 2027, attributing the decision to sluggish electric vehicle (EV) sales, economic pressures, and Chinese competition in the automotive sector. The automaker said most layoffs would occur across their two German plants. Of the total job cuts,…
A lower battery-electric vehicle market share in 2025 is likely to make it much more difficult for the EU to meet its carbon emission targets as increasing the BEV market share and sales is one of the key ways car makers were planning to meet those goals. ADVERTISEMENT The outlook for the battery-electric vehicle (BEV) in…
Electric vehicle sales in the UK have surpassed the 20 per cent market share threshold for the third consecutive month, according to the latest reports. New AutoMotive found in October, EVs claimed 20.8 per cent of the market, making them the fastest-growing fuel type, putting it on track to meet the zero emissions target. The…
What qualifies as a landmark moment in EV sales? For GM, the answer involves a number followed by five zeroes. The automaker just announced that, as of October 2024, it had sold 300,000 EVs in the United States — and a total of 370,000 EVs in North America. It’s one of two figures the automaker…