The Cybertruck, Tesla's much-hyped electric truck, is facing a tough reality. Despite Elon Musk's enthusiastic claims, sales numbers tell a different story. Musk called it Tesla's "best ever" vehicle, but actual sales show less than 2. 5% of reservations turned into real purchases. This isn't the o
General Motors (GM) is feeling the heat in the electric vehicle (EV) market. After a brief surge in sales due to a soon-to-expire federal tax credit, the company is now facing some tough realities. The Trump administration's policies have made things even harder, with changes in regulations, cancele
In China, a fierce price battle is unfolding in the electric vehicle (EV) market. The latest move came from BYD, a major player in the industry. They slashed prices on 22 of their electric and hybrid models. This bold move sent shockwaves through the market, causing the stock prices of several compe
Governments around the world have been pushing to boost the development and sales of Pure Electric Vehicles (PEVs) through research and development (R&D) subsidies. However, there's a big problem. Consumer anxiety is a major roadblock, significantly slowing down PEV sales and making these policies l
Ford is putting a temporary halt to the production of its F-150 Lightning electric pickup trucks at its Rouge Electric Vehicle Center in Dearborn, Michigan. The pause, scheduled to start on November 15, will last until January 6, 2025, which includes the usual holiday break week starting December 23
For the first time ever, Chinese electric vehicle (EV) giant BYD has outshone its American rival, Tesla, in quarterly sales. According to a recent report, BYD's revenue for the three months ending Sept. 30 hit 201. 12 billion yuan ($28. 24 billion), a 24% increase from the previous year. This is a s
