High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.
Category: Electric and Hybrid Vehicles
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Electric Vehicles May Become Harder to Rent
Rental car firms are offering temporary deals on electric cars, which they are selling after they lost value more quickly than expected.
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Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles
A Jeep plant that closed last year will be among those that will benefit from federal grants meant to help automotive manufacturers and protect jobs.
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Tesla’s Share of U.S. Electric Car Market Falls Below 50%
A new report estimates that the company led by Elon Musk accounted for just under half of all battery-powered vehicles sold in the second quarter of the year.
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As the E.V. Revolution Slows, Ferrari Enters the Race
Growth in electric vehicle sales has been slowing, but the Italian luxury carmaker is stepping up investment and setting ambitious targets.
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New Factories and Jobs Are Not Enough to Stem France’s Far Right Surge
President Emmanuel Macron’s promise of re-industrialization in northern France has helped stimulate the economy, but “people feel defeated and angry.”
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Europe Tells China’s Carmakers: Get Ready to Pay Tariffs
The European Union took the next step toward collecting heavy tariffs on electric vehicles, ahead of a final decision in October.
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Auto Sales Grew Slightly in Second Quarter
High interest rates, economic uncertainty and a cyberattack appear to have dampened sales in the three months between April and June.
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Elon Musk’s Politics May Be Pushing Some Buyers Away From Tesla
The Tesla chief executive’s polarizing statements have alienated some potential customers and may be partly responsible for a recent slump in sales.
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China Dangled Rebates to Lure People to Spend. It’s Not Enough.
China’s leaders vowed to kick-start spending by offering subsidies for households to buy cars and appliances. But many consumers aren’t biting.
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The Big Number: $5 Billion
The amount Volkswagen said it planned to invest in the electric vehicle maker Rivian.