Gone are the days when purchasing an EV meant having to come up with the money to afford a brand-new vehicle. The used electric vehicle market is growing tremendously as budget-minded and climate-conscious consumers seek the most affordable way to join the clean energy transition. Recurrent’s Used Electric Car Prices and Market Report for the…
Tesla deliveries plummeted by a whopping 13% during the first quarter as its CEO Elon Musk faced public backlash over his work with President Trump and the Department of Government Efficiency. The pioneering electric vehicle company made 336,681 deliveries — which are viewed as an accurate proxy for sales — over the three-month period, far…
By BERNARD CONDON | Associated Press NEW YORK — Tesla sales declined 13% in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers. The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from rivals and…
As American electric vehicle (EV) maker Tesla struggles with falling sales and share price and global protests against his brand for his support to US President Donald Trump, its CEO Elon Musk looks at India with hope. Long seen as a potential disruptor for India’s EV, Tesla is finally entering India, opening a showroom in…
Chinese automaker BYD has reported over $107 billion in annual revenue, edging past Tesla as the competition between the two EV giants heats up. The Shenzhen-based company announced its full-year revenue reached approximately $107 billion for 2024, surpassing market expectations and topping Tesla’s $97.7 billion in revenue for the same period. BYD’s financial filing, which…
China is frequently a target of criticism over allegations that it does not innovate but instead exfiltrates intellectual property developed abroad and wins by undercutting rivals on price. Now that the country has arguably leapfrogged America in electrical vehicle technology, it is starting to see the value in protecting domestic business in the free market….
Chris Kirkham | Reuters Tesla’s stock plunges by half; is Elon Musk’s EV party over? Tesla’s stock has dropped by nearly half in three months, losing most of the gains it made following the U.S. election last year, when CEO Elon Musk helped fund the victory of President Donald Trump. Tesla’s stock has dropped by…
BRUSSELS Sales of electric cars slid last year in Europe in an otherwise stable market, data from carmakers showed on Jan. 21. A total of 1.99 million battery electric vehicles were sold in Europe last year, a drop of 1.3 percent from 2023, according to the European Automobile Manufacturers Association (ACEA). The figures represent a stall…
Since the November election, naysayers have been predicting the demise of electric vehicles. They say that ending the $7,500 tax credit for purchasing an EV and enacting new tariffs will doom sales. However, I am convinced that such arguments contort credibility and play into the hands of the petroleum industry. Fortunately, many Marin drivers don’t…
For the first time ever, China’s electric vehicle sales are set to outpace traditional car sales on an annual basis in 2025, years in advance of the Chinese authorities’ targets and years ahead of analyst projections, according to the latest industry forecasts provided to the Financial Times by research companies and investment banks. China’s combined…