marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
electric vehicles
01/05/2024
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By Kevin Hughes
Chinese electric car manufacturer BYD OVERTAKES Tesla as world’s top seller of EVs
Chinese electric vehicle manufacturer Build Your Dreams (BYD) has surpassed Elon Musk’s Tesla as the world’s top seller of EVs. BYD, which has been supported by the American investment billionaire Warren Buffett since 2008, has defeated Tesla’s production for the second straight year. BYD announced that it made 3.02 new EVs in 2023. Meanwhile, Tesla recently announced […]
01/03/2024
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By Zoey Sky
Only half of Ford dealers agreed to sell electric vehicles in 2024
Ford has announced that only half of all 1,550 Ford dealers have agreed to sell electric vehicles in 2024. The figure has gone down from two-thirds who in 2022 said they would sell electric cars in 2023. The other half of Ford dealers will sell and service internal combustion engine (ICE) and hybrid models. According to Ford spokesman […]
12/08/2023
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By Laura Harris
Ford Motor Company scales down EV investments at Michigan plant due to declining demand and inflation pressures
The Ford Motor Company is scaling back its investment in electric vehicles (EVs) by reducing the production capacity of its battery factory in Marshall, Michigan and cutting 800 jobs. According to Ford spokesperson Mark Truby, the company initially planned to invest $3.5 billion in the factory, known as Blue Oval Battery Park, to produce 35 gigawatt […]
11/30/2023
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By Belle Carter
Ford resumes Michigan EV battery plant but reduces production capacity by 40%, drops about 800 jobs
Due to plummeting sales amid President Joe Biden’s flopping economy and push to green energy, Ford Motor Company announced that it would resume its “Marshall Project” – the planned electric vehicle (EV) battery plant in Michigan. However, the renowned U.S. automaker confirmed that it will drastically scale down the manufacturing scope by more than 40 percent and […]
11/27/2023
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By Zoey Sky
Automakers cut programs and reassess future plans for EV production as consumer demand plummets
In recent months, some of the biggest car manufacturers have postponed their plans to produce more electric vehicle (EV) by 2030. Ford Motor Co. (Ford) paused its $3.5 billion electric car plant in Marshall, Michigan. Both General Motors (GM) and Honda have also canceled a program to sell EVs for around $30,000. Ford has also […]
11/09/2023
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By Belle Carter
Automaker bigwigs admit EV sales are in jeopardy
Earlier in October, several car manufacturer executives acknowledged that their ambitious electric vehicle (EV) plans are in jeopardy, at least in the near term, Business Insider reported. Dealers have been warning of slowing EV demand, growing inventory and dropping sales for months. Several of the auto bigwigs at some of the biggest carmakers expressed discomfort […]
11/08/2023
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By Laura Harris
EVs on the verge of becoming UNINSURABLE due to HIGH COST of battery repairs
Electric vehicles (EVs) in the U.K. are on the verge of becoming uninsurable because of the high cost associated with fixing their batteries. Jonathan Hewett, CEO of the motor insurer-funded automotive research firm Thatcham Research, issued this warning. According to him, the lack of “insight and understanding” about the cost of repairing damaged EV batteries leads […]
11/07/2023
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By Belle Carter
TRUE cost of owning an EV equates to $17.33/gal of gas, study reveals
A recent study titled “Overcharged Expectations: Unmasking the True Costs of Electric Vehicles” recently disclosed that owning an electric vehicle (EV) comes with a hefty price tag of $17.33 per gallon of gasoline. The study went out amid President Joe Biden’s massive push for the green agenda, switching from gasoline vehicles to electrification as well […]
11/07/2023
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By Laura Harris
FreedomWorks economist predicts EVs will be the auto industry’s “NEXT BIG FLOP”
Stephen Moore, a senior economist at FreedomWorks and former senior economic adviser to former President Donald Trump, has predicted that America’s electric vehicle (EV) market will be the auto industry’s “next big flop.” In an interview on Fox News’s Varney & Co. program and an op-ed in the Daily Caller, Moore drew a parallel connection between the Ford Edsel, which was […]
11/01/2023
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By Olivia Cook
Automakers are abandoning plans to mass-produce EVs: People are finally seeing reality, says Toyota chairman
Major automotive companies are currently scrambling to respond to a shift in demand for battery-powered vehicles – leaving these auto giants wondering if they pushed electric vehicles (EVs) too early. In recent months, automaker giants Ford Motor Company and Toyota Motor Corporation have been issuing warnings about a sudden slowdown in consumer demand for EVs. […]
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