The Latest Breaking News on Ford U.S. EV Sales Decreased 11% In January 2024

On the backs of growing demand for Electric Vehicles (EVs), the automobile sector is poised to thrive in the foreseeable future. Therefore, automotive stocks Daimler Truck Holding (DTRUY) and REV Group (REVG), with strong fundamentals, could be wise portfolio additions in May. Read on to find more….

Based on what we've seen, neither startups nor established automakers have such an edge in the EV space that it would preempt the other from success.

Jim Farley said "the resale value for people who bought at higher prices is awful," and that's something they never forget.

The estimated Tesla global electric car order backlog decreased noticeably in the first half of April, which most likely explains the recent price cuts.

Diesel-powered utes are the country's best-sellers - but not in Canberra.

For every dollar of revenue Ford generated with the sale of an EV, losses at its division went up by an equivalent amount—and now it has cut prices again.

When it comes to EVs, efficiency is key, and Tesla seems to have an edge. Mercedes hopes to change that by enlisting F1, which will also speed up development.

Price increases set for U.S., Canada, and other countries.

Tesla's never-ending price adjustments continue with another tweak, applied in the beginning of May in the United States, as well as in some other markets.