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The automaker’s CEO says it won’t invest in hybrids, but instead focus on batteries, a new vehicle platform and charging infrastructure.
How a change in the incentives for electric vehicles encouraged more leases.
It’s not easy to start a carmaker, especially with rivals like Tesla, GM, Ford and Toyota, which have market share and manufacturing experience.
Saving money on gas is the main reason they would buy an EV, according to experts. But cost is still a deterrent.
The Inflation Reduction Act adds new tax credits for home energy efficient tech.
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?
An International Energy Association report found that SUVs emitted almost 1 billion metric tons of carbon dioxide last year, more than some countries. The cars now represent 46% of the global auto market.
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 company’s global shipments were up 18% in the fourth quarter. But revenue at LiveWire, its electric motorcycle business, was down 28%.
