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Consumers turned away from plug-in vehicles in the latter half of 2023 thanks to their heftier price-tags compared with gasoline cars and worries about battery resilience, polls show.
Investment in capacity and technology development has outrun actual EV demand, boosting pressure on companies to cut costs.
While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and...
While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts. Investment in capacity and technology development has outrun actual EV demand, boosting pressure on companies to cut costs. GM previously cut EV production targets due to the slowing demand, but Barra told analysts GM was "encouraged" by industry forecasts that EV sales in the United Stat
By Hyunjoo Jin and David Shepardson (Reuters) -General Motors' Cruise robo-taxi unit could face fines and sanctions over its failure to disclose detai...