Insiders say the ban just accelerates the inevitable.
One expert says the state may need to improve its electric grid, while manufacturers bring down prices and pick up battery production.
The announcement fell short of what investors were expecting.
Investors believe EVs are closing in on the internal combustion engine in terms of driving range and cost of ownership.
Right now, there are 63,000 public charging stations in the country, according to the Alternative Fuels Data Center, compared with 168,000 stations that serve gas.
The German automaker gets serious about EVs.
They've fallen 87% since 2010. That means cheaper electric vehicles.
Daimler, the owner of Mercedes-Benz, is cutting at least 10,000 jobs as it aggressively makes a shift toward electric car production. The news comes on the heels of German rival carmaker, Audi, announcing a similar job cut for similar reasons. “We seem to be close to an inflection point in terms of demand in production […]
Flashy new debuts from Ford and others will not lift electric vehicle ownership above 5% by 2025, according to Kelley Blue Book.
The Detroit automaker is gambling that the combination of an SUV body shape, electric drivetrain, and the Mustang badge, will attract buyers.