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The electric vehicle maker faces softening demand and intense competition on prices, and earlier price cuts have not sufficiently jolted sales.
A Chinese automaker has announced a model for less than $10,000. And Ford says it’s committed to a $25,000 electric.
In his book “The War Below,” Ernest Scheyder explores the tension between intrusive mining and powering our energy transition.
The administration says the electronics could transmit sensitive information about U.S citizens and infrastructure. But it’s also worried about the impact of Chinese EVs on U.S. automakers.
Canada’s federal government teamed up with Quebec’s provincial government to offer a Swedish company $2 billion in subsidies.
Some popular auto models will no longer get the full tax credit next year because of where their components originate.
The automaker has expanded its line of hybrid vehicles as it bets that some motorists are not ready for fully electric vehicles.
Boosters of the technology say it could reduce the size — and cost — of EV batteries.
Even though prices have come down and the federal government is helping with rebates, the average price is still above $50,000.
For the first time, the electric vehicle maker’s market share is under 50%.