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Volvo reverses goal to make only EVs in 2030

Barron's Roundtable panelists discuss why some automakers are scaling back their plans to roll out electric vehicles. Volvo on Wednesday Electric Vehicles The company said it expects to continue offering hybrid models as part of its lineup through 2030. The Swedish company and other automakers see demand for EVs slowing as price-conscious car buyers turn […]

Carmakers Scramble to Calm Revolt Against EVs in South Korea After Battery Fires

Mercedes-Benz and BMW have reportedly revealed the names of their electric vehicle battery suppliers in South Korea after recent EV explosions sparked a widespread backlash against electric cars. Bloomberg Reports Mercedes-Benz Group AG and the South Korean units of BMW AG have taken a big step toward transparency by publishing the names of their electric […]

Trump strikes softer tone on EVs after Musk endorsement

Former President Trump softened his stance on electric vehicles with the help of Tesla’s Elon Musk. “I support electric vehicles. I have no choice because Elon has supported me so strongly. So I have no choice,” Trump said over the weekend. President Trump, who has frequently opposed policies that support electric vehicles, is still expected […]

Trump says he has ‘no choice’ but to back EVs after Musk endorsement | US elections 2024

For months, Donald Trump has scorned electric cars, claiming that their supporters should “rot in hell” and that supporting the startup industry is “madness.” Now, with the backing of the world’s richest man, Elon Musk, Trump’s views appear to have shifted somewhat. “I support electric vehicles, and I have to because Elon has strongly supported […]

Ford Expanding Production of Profitable Trucks at Plant Meant for EVs

Ford Motor Co. is expanding production of its higher-margin gasoline-powered Super Duty pickup trucks at its Oakville, Ontario, assembly plant, which was meant to be an all-electric plant making only electric vehicles. On Thursday, Ford CEO Jim Farley Announced The company said it will invest $3 billion to expand production of its F-Series Super Duty […]

EPA Chief Says ‘We Don’t Have An EV Mandate’ Months After Finalizing Rules That Mandate More EVs

Environmental Protection Agency (EPA) Administrator Michael Regan said on Wednesday that the Biden administration has not imposed an electric vehicle (EV) mandate despite recently finalizing policies that will effectively require large increases in EV production. Regan made the remark during a Wednesday appearance in front of the House Oversight and Accountability Committee on Capitol Hill […]