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The Latest Breaking News from electric vehicle

Colorado Proposes Staggering $26,500 In Electric Vehicle Rebates

Colorado is offering several state-level incentives to boost EV sales, as part of Governor Jared Polis' ambitious plan to electrify its streets.

InsideEVs

Rivian Stock: EV Automaker Lifts Production Forecast, Beats Earnings Estimates

Electric vehicle maker Rivian posted a better-than-expected loss for Q2 results late Tuesday. Rivian stock rallied 32% in 2023.

Investors Business Daily

Cornish Lithium secures £53.6m to open first mine for the metal in Britain

UK Infrastructure Bank leads funding of project to extract compounds used for electric vehicle batteries

The Guardian - UK

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What Apple did to Nokia, Tesla is now doing to the motor industry

People scoffed at the idea of electric vehicles for the masses. But now a Tesla hatchback has outsold the Toyota Corolla

The Guardian - UK

BYD Atto 3 Electric SUV Outsold Tesla Model Y In Sweden Last Month

The Tesla Model Y remains the best-selling electric vehicle in Sweden in the first seven months of the year with 8,901 registrations.

InsideEVs

20 injured Indian crew members rescued from burning ship off the Dutch coast return home

Indian crew rescued from ship Fremantle Highway: 20 safely returned home, 1 killed. Dutch authorities provided support & assistance. Fire started in battery of electric vehicle & spread quickly. 498 electric vehicles on board, 8th deck collapsed due to intensity of fire.

The Hindu

2 Top EV Stocks to Buy in August

Electric vehicle (EV) stocks have been quite volatile in recent years, and some startups have outright crashed. However, as the trend toward vehicle electrification gains traction globally, NIO and Rivian look like two EV stocks to buy at current levels.

Barchart

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EnLink Midstream Publishes Sustainability Report, Exxon Explores Lithium Supply Chains, Global Lubricants Market Analysis

EnLink highlights emissions reduction, Exxon in talks with automakers for lithium supply, lubricants market overview

Zenger

EVgo Charging Network Sees Revenue Soar, Uplifted By Project Tied To Warren Buffett

Two EV stocks are making notable moves. Demand for electric vehicles and charging solutions deliver earnings and sales boost.

Investors Business Daily

What Happens if Your EV Company Implodes? That’s the Mullen (MULN) Dilemma

While electric vehicles were once all the rage, Mullen Automotive demonstrated why both investors and consumers need to be careful about nascent industries.

Barchart

US: Ford BEV Sales In July 2023 Amounted To 6,280 Units

In July, Ford battery electric vehicles (BEV) sales amounted to 6,280 units, which is 18% less than a year ago and about 3.8% of the brand's total volume.

InsideEVs

Is Elon Musk Doing More Harm To Tesla Than Good With Price Cuts?

The electric vehicle pioneer made a series of price cuts early this year, sparking concerns about margins.

Zenger

It’s Time To Criticize MPGe, Again

MPGe may be a useful metric for calculating an EV’s efficiency against an internal combustion engine car, but comparing the power consumption amongst EV models is hazier.

InsideEVs

NIO’s ES6 EV Surges, Echoes Tesla’s Model 3 Success

Chinese electric vehicle maker NIO reports record-breaking deliveries with the ES6 model leading the way.

Zenger

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Newsroom.co.nz

Road user charges loom for hybrid and EV owners

The new transport minister has received recommendations for how to charge hybrid and electric vehicle owners for road usage, but whoever is in government after October 14 will likely decide, reports Jo Moir

InsideEVs

XPeng EV Sales Returned To Five Digits In July 2023

XPeng global electric vehicle deliveries in July amounted to 11,008 units, which on one hand is a 4.5% decrease year-over-year.

InsideEVs

Ford F-150 Lightning Production Resumes: Annual Run Rate At 150,000

Ford has completed extensive retooling at its Rouge Electric Vehicle Center and this will allow the automaker to make 150,000 Ford F-150 Lightnings per year.

Zenger

Ford Shares Slide As Jefferies Downgrades, Citing Worsening EV Losses

Jefferies analyst downgrades Ford to Hold, lowers price target amid concerns over electric vehicle unit losses.

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StockNews.com

3 Auto Stocks That Investors Should Watch This Month

The auto industry is well-positioned for solid growth driven by the easing of supply chains and inflation, changing consumer preferences, rise in disposable income, and growing adoption of EVs. To that end, it could be wise to add fundamentally strong auto stocks Ford Motor Company (F), General Motors (GM), and…

Zenger

Tesla Shares Fall To About 12% Since The Electric Vehicle Maker Reported Its Second-quarter Results

If Tesla continues to move lower on decreasing volume, the stock is likely to print a bullish reversal candlestick.

The Guardian - AU

Australian electric vehicle sales in first half of 2023 already higher than all of 2022, report says

Lack of official vehicle efficiency standards blamed for low supplies as demand for electric cars continues to exceed availability

Zenger

Electric Cars Are Not “Zero-Emission Vehicles”

The notion that electric vehicles are “zero-emission” is rooted in a deceptive narrative

The Guardian - UK

Battery power: how China could take charge of the electric vehicle market

The country’s manufacturers are starting to dominate not just sales charts, but also supply chains for crucial materials

StockNews.com

2 Auto Stocks You Should Start Buying, 1 to Sell Immediately

The automotive industry has set up a new trend with the usage of Electric Vehicles (EVs) worldwide. Thus, investing in fundamentally sound stocks Volkswagen AG (VWAGY) and Suzuki Motor Corp. (SZKMY) could be favorable. However, as the macroeconomic backdrop remains arduous, fundamentally weak stock Rivian Automotive (RIVN) could be best…

Zenger

European Automakers Forge Partnerships In China To Drive EV Dominance

Volkswagen teams up with XPeng while Audi plans collaboration with SAIC to capture China's booming electric vehicle market

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