The White House has issued new guidance requiring federal government employees to prioritize using electric vehicles (EV), trains, and public transportation options when conducting official business. These operational changes aim to accelerate the clean transportation transformation and create healthier communities.
An article about the benefits of electric vehicles and the incentives available for purchasing one.
Volkswagen, once poised to overtake Tesla as the leading manufacturer of battery-powered vehicles, is still far behind in the electric vehicle race. The company is also facing tough competition from Chinese automakers, especially in China, its largest market. Volkswagen's internal remarks suggest that the company is no longer competitive and is in need of drastic changes to secure its future. Despite its ambitious plans and investments, Volkswagen is lagging behind due to high costs, low productivity, and technological gaps. However, experts believe that the company still has the potential to bounce back.
Ford Motor plans to decrease production of their electric F-150 pickup trucks next year due to low consumer demand.
Saks Fifth Avenue recently installed a crane and removed doors to lower a $250,000 electric car into its posh jewelry section. The car, a Lucid Air Sapphire, will be on display throughout the holiday season. The installation involved a team of 35 workers and took 14 hours to complete. Saks' CEO Richard Baker hopes that this unique display will attract more visitors to the store.
Chinese electric vehicle (EV) makers, such as BYD, are gaining a cost advantage with their dominance in the supply chain, which is making legacy automakers nervous. The supply chain control allows Chinese EV makers to keep costs low, putting pressure on traditional automakers to reduce costs as well. This shift has prompted European carmakers to prioritize cost reduction over other factors. Bill Ford Jr., executive chairman of Ford Motor, has warned about the rapid development of Chinese EV makers and their potential to compete globally. Despite some quality issues, Chinese EV makers are gaining recognition and market share outside of China, and their affordability is becoming an advantage in overseas markets.
Enthusiasts continue to buy gas-powered sports cars despite the shift to electric vehicles.
Americans are falling in love with hybrids. Why don't car companies want to make them?