Ford has ramped up its price war with Tesla, slashing the cost of its F-150 electric Lightning pickup truck by up to 17 percent on some models. By doing so, the Detroit automaker hopes to increase its share of an electric vehicle market dominated by Tesla. The move comes just two days after Tesla announced…
Current Electric Vehicles Limit Driving Freedom: Automotive Industry Expert
166 New Electric Vehicle Chargers Installed at Irvine’s Great Park
July 14, 2023
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Californiaelectric vehicleirvineRegional & State NewsSouthern CaliforniaSouthern California OC NewsState NewsUS
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On July 11, city leaders in Irvine, California, held a ribbon-cutting ceremony celebrating the addition of 166 Level 2 electric vehicle chargers at the Great Park—located at lots four, five, and six in the park. Mayor Farrah N. Khan said the installation takes the city one step closer to reaching its environmental goals, and the chargers…
Major Automakers React Negatively to EPA’s ‘Overly Optimistic’ Electric Vehicle Push
Multinational carmakers Stellantis and Toyota criticized the U.S. Environmental Protection Agency’s (EPA) “extreme” plans to promote vehicle electrification, which they warn is unrealistic and gives rise to a host of issues, including an increase in mining. On April 12, the EPA announced new rules aimed at cutting down greenhouse gasses and other pollutants in motor…
Major Automakers Criticize EPA’s ‘Extreme’ Electric Vehicle Push
Multinational carmakers Stellantis and Toyota criticized the U.S. Environmental Protection Agency’s (EPA) “overly optimistic” plans to promote vehicle electrification, which they warn is unrealistic and gives rise to a host of issues, including an increase in mining. On April 12, the EPA announced new rules aimed at cutting down greenhouse gasses and other pollutants in…
Taxpayers Group Criticizes Feds’ $15 Billion Subsidies for Stellantis, $13 Billion for Volkswagen
The Canadian Taxpayers Federation criticized the federal government on July 6 for approving $15 billion in subsidies for the auto-manufacturer Stellantis, calling for the Liberal government to stop its “corporate welfare.” “The feds need to draw the line somewhere because taxpayers can’t afford to bankroll everyone and their dog who wants to make batteries,” said…
Tesla and Chinese Rivals May Sign Truce After EV Price War With Socialist Values Pledge
July 6, 2023
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Business & MarketsBYDChinaChina Business & EconomyChina NewsChinese RegimeCompanieseconomic policieseconomyelectric vehicleElon MuskInvestmentMarketsMedia & Big Techprice warSocialistSpecial TopicsTech CompetitionteslaWarren Buffett
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Tesla and its rival electric vehicle manufacturers in China signaled a truce after a months-long price war and agreed to a “socialist values” pledge. Tesla CEO Elon Musk, who is also the owner of Twitter and SpaceX, and Chinese automaker CEOs, agreed to adhere to a “core socialist values” pledge and to compete fairly in…
Why Getting Your Car Repaired Is Nearly Impossible
July 3, 2023
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auto repairBusiness & MarketsBusiness Columnistscarselectric vehiclemarketplacemechanicsOpinionViewpoints
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Commentary The word “market” is usually associated with the stock market or perhaps a farmers’ market. This is a truncated view based only on what we see or hear reported in the financial press. The market in the real world is a vast collaborative effort involving exchange relationships all over the world, designed by no…
Leasing vs. Buying an Electric Vehicle
Owning a car is a no-brainer for most people. You shop around, look for financing, and then purchase it. It’s yours, and, as opposed to leasing, eventually, you won’t have a car payment. But if you’re interested in an electric vehicle (EV), buying may not be the best option. The 2022 Inflation Reduction Act may…
McCarthy Against Impeaching Biden During on Ongoing Investigations
A Biden impeachment push caught most House Republicans by surprise. Speaker Kevin McCarthy said it would interfere with ongoing investigations. President Joe Biden is defending his decision to call China’s Xi Jinping a “dictator,” as Biden and the Indian prime minister vow to uphold freedom and human rights. House Republicans say China would profit if…
United States Now Second Largest EV Market After China
June 20, 2023
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Business & Marketseconomic policieseconomyelectric vehicleenergyGeneral Motorshybrid carsMarketsPolicies & ImpactsRegional & State NewsUSUS News
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The United States is now the second-largest electric vehicle market behind China after years of falling behind Europe in terms of use. Americans had been slower than other advanced nations to accept electrified transport, but the EV market has gained momentum due to political pressure and government subsidies. Every state now has plans to construct a…
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