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Saving money on gas is the main reason they would buy an EV, according to experts. But cost is still a deterrent.
The company expects to lose another $3 billion this year in its transition from internal combustion cars to electric.
When your EV is no longer under warranty, who fixes it?
Federal subsidies, part of the White House’s electric vehicle push, aren’t the only way Tesla stands to make money on the expansion.
The vehicles have struggled to gain traction, but school districts are being swayed by new funding options, as well as environmental and health concerns.
EVs account for about 5% of car purchases, according to automotive website Edmunds. Rivals to Tesla are making inroads.
The rule requires a percentage of battery components to be sourced in the U.S. or countries that have free-trade agreements with the U.S.
The stuff in pencils accounts for more than half of the mineral demand in a lithium cell battery. Most graphite is imported from China.
GM is launching an electric version of its Chevy Equinox SUV with a price tag that starts around $30,000. It’s hoping to reach a broader market.
As California accelerates EV adoption, the heat wave is a reminder that the grid powers air conditioning and other ways to deal with climate change.