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☆ A key test for EV sales and the adoption curve is coming
▼ + stars: | 2023-07-30 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

The company says it will reach 400,000 cumulative units of EV production by early 2024 and that its EV business will reach profitability by 2025. "They have dozens of EV models over the next two to three years. watch nowAmong analysts who believe the stock is due for a bigger drop, expected EV sales disappointment is among the factors. But GM's EV plans come as Ford announced it is slowing down its plans to expand EV production to a 600,000 annual rate. "This will be the first year U.S. EV sales reach 1 million," Downey said.

Persons: Scott Mlyn, Brian Downey, Autotrader, Ford, Dan Ives, It's, they'll, Morgan Stanley, Adam Jonas, Mary Barra, Adam Jones, Colin Langan, Garrett Nelson, Chad Lyons, Lyons, Katie Minter, Rebecca Cook, Reuters Paul Jacobson, Jacobson, Ives, Downey, Tesla, Barra, they're, they've, Cox, Goodcarbadcar.net . Ford Organizations: Silverado, New York Auto Show, CNBC, General Motors, Cox Automotive, Kia, Porsche, Hyundai, Chevrolet Silverado, Wedbush Securities, Investors, GM, United Auto Workers union, Wall Street, Deutsche Bank, GMC Hummer EV, Chevy Silverado, GMC Sierra EV, Chevy Blazer, GMC, Blazers, Jaguar, Audi, North American, Reuters, EV, Cox, Ford's, Ford, Goodcarbadcar.net, Volkswagen, BMW – Locations: Detroit, Detroit , Michigan, U.S

The Bolt does not align with GM's long-term EV technology strategy, but it is the Detroit automaker's best-selling and most affordable EV in North America, by far. Barra and GM officials did not say how much the new Bolt would cost or where it would be built. For GM, the Bolt has been the mainstay for its North American EV sales. In the first six months of this year, U.S. Bolt sales totaled 33,659 vehicles, outselling Ford's Mustang Mach-E, Hyundai's Ioniq 5 and other EVs from established automakers. Bolt sales rebounded this year after GM was forced to halt production of the car for nearly six months to fix problems linked to battery fires.

Persons: Rebecca CooK, Mary Barra, Barra, Sam Fiorani, EVs, Sandy Munro, Elon Musk, Fiorani, Bolt, Paul Lienert, Joseph White, Nick Zieminski Organizations: North American, REUTERS, General Motors, Chevrolet Silverado EV, Chevrolet, Detroit, GMC Hummer EV, GM, AutoForecast Solutions, Barra, Bolt, Munro & Associates, UAW, Thomson Locations: Detroit , Michigan, U.S, North America, United States, Ohio, Michigan, Orion, Detroit

☆ It looks like Tesla's Cybertruck is missing 1 thing Ford nailed in its electric truck: A big frunk
▼ + stars: | 2023-07-24 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

It looks like frunk in the Ford F-150 Lightning, one of the Cybertruck's closest rivals, is way bigger. The Ford F-150 Lightning looks like it has one big edge over Tesla's upcoming Cybertruck. Judging by an unverified photo posted online and first spotted by the EV news website Electrek, the Cybertruck's frunk looks rather tiny, which may disappoint potential buyers. When I drove the F-150 Lighting last year, the truck's frunk easily handled multiple backpacks and duffels that I didn't want sliding around in the bed. Tesla's Texas factory just built its first Cybertruck, and deliveries are set to begin later this year — two years behind schedule.

Persons: Tesla, Ford, Hummer Organizations: Ford, Morning, EV, Rivian's, Ram, Silverado Locations: Tesla's Texas

☆ GM can't build or deliver new vehicles fast enough, exec says
▼ + stars: | 2023-07-17 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

[1/2] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File PhotoCompanies General Motors Co FollowLANSING, Michigan, July 17 (Reuters) - General Motors is seeing strong demand for many of its U.S. vehicles, but can't deliver them to dealers fast enough, one of the company's top executives told Reuters on Monday. But the automaker faces outbound logistics challenges in the aftermath of COVID, he said, particularly in shipping vehicles to dealers, whether by truck or rail. "We would still like to improve our availability on the ground at dealers," Harvey said. We will see another step change in terms of their (sales) performance in the second half of the year."

Persons: Rebecca Cook, Rory Harvey, Harvey, I'm, Ultium, Paul Lienert, David Evans Organizations: General Motors, REUTERS, Reuters, GM, North America, GMC, EV, Cadillac, Hummer, P Global Mobility, Thomson Locations: Detroit , Michigan, U.S, LANSING , Michigan, Lansing , Michigan, Detroit

☆ Ford's electric Mustang Mach-E is piling up on dealer lots as the automaker confronts an EV-inventory problem
▼ + stars: | 2023-07-12 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +6 min

But the automaker is having a hard time moving its inventory of Mach-E and Lightning EVs. Ford dealerships are selling fewer Ford EVs than they were this time last year, per Cloud Theory. Erich Merkle, Ford's head of US sales analysis, said EV sales were up nearly 12% through June. He also said the unsold Mach-E inventory wasn't just sitting on dealer lots because it spent more time in transit. The EV market is having its first growing painsFord is not alone in its struggle to match EV production with demand.

Persons: Ford, It's, Erich Merkle, Ford's, it's, they've, We've, Merkle, Tesla, Hummer, EVs, Karl Brauer, Brauer Organizations: Ford, Theory, EV, Coast Ford, East Coast, GM, Lightning, astjohn Locations: EVs, East, Midwest

Rising inventories and price-cutting could represent only a short-term pause in EV market growth. If production of EVs continues to outpace demand, automakers will have to choose between slashing prices and profit margins, or slowing assembly lines. More than 90 new EV models are expected to hit the U.S. market through 2026, according to AutoForecast Solutions. In a statement, Volkswagen's U.S. sales arm said "we have seen some softening in EV sales in the U.S. recently" as supply chain bottlenecks have eased, allowing for increased production. Wakefield said it is too soon to declare that U.S. EV demand has hit a plateau.

Persons: Tesla, EVs, Cox, Ford, Vitaly Golomb, Biden, Price, Mark Wakefield, Wakefield, Joe White, Nick Zieminski Organizations: DETROIT, EV, North, AutoForecast Solutions, Dealers, General Motors, Ford, Hyundai, Toyota, Cox Automotive, U.S, Cox, GM, Cadillac, GMC, Volkswagen, U.S ., VW, Industry, EVs, Thomson Locations: U.S, North America, United States, Texas, Washington, Tennessee

☆ 5 things everyone is getting wrong about electric cars
▼ + stars: | 2023-06-16 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +5 min

As electric vehicles enter the market, misconceptions abound regarding the cars and how automakers can remain profitable while ditching the internal combustion engine, says Mark Reuss, General Motors' president. Companies need hybrids to bridge the gap to full EVsSome automakers have been making the transition to electric lineups with a pit stop: hybrids. Toyota, for example, has invested in hybrids in addition to electric products and has faced skepticism from the industry as a result. "We're not going to dilute our investment with hybrids," Reuss said, adding that the automaker expects its EV business to be profitable by 2025. The charging experience and the driving experience are one and the sameReuss said it can be frustrating to see drivers rate vehicles based on the charging experience alone.

Persons: Motors, Mark Reuss, General Motors, Reuss, Tesla, We're, It's, " Reuss, that's Organizations: General, GM, Toyota, Chevrolet, GM's Tech, Ford, GM Energy, GMC Hummer, EV

☆ Canada, Quebec to provide about C$300 mln for GM-POSCO battery materials facility
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File PhotoOTTAWA, May 29 (Reuters) - Canada's federal government and the Quebec province will each provide about C$150 million ($112 million) for a General Motors-POSCO Chemical (GM.N)(005490.KS) battery materials facility that is expected create about 200 jobs in the country, the Canadian industry ministry said on Monday. The U.S. carmaker and South Korea's POSCO outlined their plan last year to build the facility in Becancour, Quebec, to produce cathode active material (CAM) for electric vehicle (EV) batteries. CAM includes components like processed nickel, lithium and other materials that make up about 40% of the cost of a battery, the industry ministry said in a statement. "This investment in GM-POSCO's new facility in Becancour will help further position Quebec as a key hub in Canada's growing EV supply chain," Industry Minister Francois-Philippe Champagne said.

☆ Analysis: GM's 2025 EV output could be crimped by battery bottleneck
▼ + stars: | 2023-05-18 | by ( Paul Lienert | ) www.reuters.com time to read: +4 min

"We have not changed our targets," GM spokesman Jim Cain said. Those targets include cumulative EV production of 400,000 from early 2022 through mid-2024, a revised goal that CEO Mary Barra reiterated earlier this year. "We believe GM’s targets are hittable despite hurdles to get there," Wedbush auto analyst Dan Ives said. GM has not issued specific North American EV production targets for 2024 and 2025. GM’s North American EV production targets beyond 2025 “will continue to push the limits” of its battery plants, according to AFS, including a recently announced fourth factory with new partner Samsung SDI (006400.KS) that isn’t expected to open until 2026.

☆ Why GM is killing the Chevy Bolt — America's cheapest EV — amid record sales
▼ + stars: | 2023-04-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTA Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBCDETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors . The Bolt EV would start at $26,595, followed by the Bolt EUV at $28,195. A 2019 Chevrolet Bolt EV caught fire at a home in Cherokee County, Georgia on Sept. 13, 2021, according to the local fire department. Cherokee County Fire DepartmentStill, GM touted the Bolt EV as proof of the concept for its electric-powered future.

☆ Hyundai Shows Off 'Crab-Driving' Tech in Ioniq 5 Prototype: Video
▼ + stars: | 2023-04-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Hyundai showed off a new technology called e-Corner in a recent video. Hyundai Mobis, the carmaker's parts division, released a new video of a technology it's developing called e-Corner. The clip shows a Hyundai Ioniq 5 electric vehicle pull up directly beside an open parking spot, turn all four wheels perpendicular to the curb, and just scoot right on in. Once again, the Ioniq 5 swivels its wheels outward, but this time the front and rear wheels spin in opposite directions, making the Ioniq 5 spin in place. Later in the video, the Ioniq 5 does a "pivot turn," where the front-right wheel stays in place while the back of the vehicle swings outward.

☆ After testing more than 25 electric cars, these 5 were the most fun to drive
▼ + stars: | 2023-04-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

The electric Hummer, Porsche Taycan, Rivian R1T, and Pininfarina Battista are each a blast for different reasons. Kia EV6 GTThe 2023 Kia EV6 GT. Tim Levin/InsiderWarn your passengers to brace themselves before pinning it in Kia's new EV6 GT. The 2023 Kia EV6 GT. Porsche TaycanThe 2022 Porsche Taycan Cross Turismo Turbo S. Tim Levin/InsiderPorsches are renowned for their superior driving dynamics.

☆ Chevrolet Bolt, GM’s first popular electric vehicle, ends production this year
▼ + stars: | 2023-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Chevrolet Bolt EV, General Motors first fully electric vehicle to be built and sold on a large scale, will go out of production by the end of this year. These new electric vehicles will be based GM’s new electric vehicle platform, Ultium, which is not used by the Bolt. The Bolt was, for a number of years, the best-selling electric vehicle in America that was not made by Tesla, although the gap was very wide. In all other respects, though, it was very similar to the Bolt EV, including the fact that it was available only with front-wheel-drive. To do that, GM engineers created a flexible electric vehicle architecture called Ultium that will be the basis of future GM vehicles.

☆ 17 electric cars with the longest range money can buy
▼ + stars: | 2023-04-24 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Here they are, ranked in order of lowest to highest range. The Lucid Air Sapphire. Lucid MotorsThis list excludes any 2023 vehicles that don't have public EPA results yet, and some that are classified as too big for regular EPA testing, like the GMC Hummer EV pickup and SUV. We'll update this post as new results come out.

☆ EPA proposes auto pollution limits to aggressively boost electric vehicle sales
▼ + stars: | 2023-04-12 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

The proposed limits would surpass President Joe Biden's previous commitment to have EVs make up roughly 50% of cars sold by 2030 and accelerate the country's clean energy transition. The limits would also substantially reduce climate-changing emissions from the transportation sector, the largest source of U.S. greenhouse gases. Despite a rise in EV sales in the U.S. in recent years, EV sales accounted for only 5.8% of all the 13.8 million new vehicles sold in the country last year, an increase from 3.1% the year before, according to data from the Kelley Blue Book. EPA Administrator Michael Regan is set to announce the proposed limits later today at the agency headquarters in Washington. "This proposal solicits a number of ways to achieve these goals and we plan to strategically engage all our stakeholders."

NEW YORK — An upcoming Ram electric pickup truck from Stellantis will offer up to 500 miles of driving range when fully charged, the automaker said Wednesday as it officially revealed the vehicle. That range would top Ram's current gas-powered 1500 full-size trucks as well as all-electric pickups currently available such as GMC's Hummer EV, Ford's F-150 Lightning and Rivian's R1T. Tesla has said its Cybertruck, which is expected later this year, would be capable of up to 500 miles of EV range. "We are delivering an electric pickup truck when we should, because for electrification being first actually might not be the best," Ram CEO Mike Koval Jr. said during the event. "The Ram 1500 REV lineup will give our customers options depending on how they use their truck."

☆ Watch the Tesla Cybertruck run suspension tests at the Fremont factory
▼ + stars: | 2023-04-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Elon Musk has slowly dripped out details about the electric pickup truck since the reveal in 2019. In the years since the Cybertruck reveal, Elon Musk has slowly dripped out details on the truck. Once the Cybertruck does go on sale, it will be entering an increasingly crowded electric pickup truck market. GM is also planning to release an all-electric version of its popular Chevrolet Silverado truck this fall, while Ram's upcoming electric pickup truck is featured at the New York Auto Show this week. Watch the latest Cybertruck video here:Are you a Cybertruck order-holder?

☆ 2022 GMC Hummer EV Edition 1 Pickup: A Truck With Moves Like a Porsche
▼ + stars: | 2023-03-31 | by ( Dan Neil | ) www.wsj.com time to read: +1 min

TONS OF FUN The GMC Hummer EV Edition 1 Pickup is built as an off-road/performance flagship, with a three-motor, all-wheel drive array producing up to 1,000 hp, a mechanically locking front differential and ‘virtual’ locking rear, long-travel suspension and adjustable air-suspension capable of lifting the truck another 5.8 inches (Extract Mode). IN THE WORDS of guitarist David St. Hubbins, there’s a fine line between stupid and clever. Parked squarely over the line is the 2022 GMC Hummer EV Edition 1, General Motors ’ all-electric off-road truck. Whatever mean tweet you could compose about GM’s colossal electric sport-utility truck (SUT), I’m here for it. The Hummer truck might be dumb as a hammer, but as hammers go, it’s pretty ingenious.

☆ Electric cars I'd never buy, after driving 24 different models
▼ + stars: | 2023-03-29 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

I've driven more than 20 different electric vehicles. Those models are the the GMC Hummer EV, Nissan Leaf, and ElectraMeccanica Solo. GMC Hummer EVThe GMC Hummer EV Edition 1. Nissan LeafFast-charging the 2022 Nissan Leaf. 2023 Nissan Leaf.

☆ Congress sat back and let trucks become heavier, taller, and deadlier. Now pedestrian fatalities are at a 40-year high.
▼ + stars: | 2023-03-24 | by ( Madison Hall | ) www.businessinsider.com time to read: +10 min

As trucks get bigger and bigger, so do the blind zones in the front and to the side of the cars. He didn't expect to find that an M1 Abrams battle tank had better a sightline than some everyday trucks. Due to the shape of the hood, a modern truck's blind zone can extend to more than a dozen feet out in front of the vehicle. According to NHTSA data, there were 240 estimated nonoccupant deaths by forward-moving vehicles in the United States in 2016. The legislation was never brought to a vote, but Blumenthal told Insider he had plans to reintroduce the act this session of Congress.

☆ The 17 longest-range electric cars you can buy in 2023, from the Lucid Air to the BMW i4
▼ + stars: | 2023-03-22 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

☆ GM’s EV Push Stalls Amid Slow Rollouts for GMC Hummer, Cadillac Lyriq
▼ + stars: | 2023-03-08 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

General Motors Co. Chief Executive Mary Barra has called 2023 a breakout year for the company’s electric-vehicle push. It is off to a slow start. The Detroit auto maker is dealing with the slower-than-expected rollout of two high-profile electric vehicles, the GMC Hummer EV and the Cadillac Lyriq, increasing pressure on Ms. Barra after GM lost EV market share to rivals last year.

☆ After driving 22 electric cars, these are the 3 I'd steer clear of
▼ + stars: | 2023-02-19 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

I've gotten behind the wheel of 22 different electric vehicles. I've enjoyed most of them, but I'd steer clear of three EVs if I was in the market for one. The GMC Hummer EV, Nissan Leaf, and ElectraMeccanica Solo have their pros, but they don't fit my personal needs. While my experiences have overall been positive, three vehicles stand out as ones I'd steer clear of. 2023 Nissan Leaf.

☆ Electric Ram pickup debuts in Super Bowl ad that pokes fun at rivals, sex-drug commercials
▼ + stars: | 2023-02-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ram's 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale late-next year. DETROIT – Stellantis will air a 60-second Super Bowl ad for its Ram brand to indirectly take shots at the current all-electric vehicle market, specifically pickup trucks. "Are you excited about buying an electric vehicle but worry that it could leave you ... The ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale next year. Online reservations for the electric pickup, which debuted as a concept in January, also open Sunday.

☆ From Chevy's six-figure truck to Hyundai's futuristic sedan, tour the 8 coolest electric cars hitting streets in 2023
▼ + stars: | 2023-02-04 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Judging by our experience with the truck, we expect the SUV to be outrageously large and excessive — but very entertaining. 2024 GMC Hummer EV SUV. GMCRead more: Tesla needs to start acting more like Toyota and GM if it really wants to win the electric car race

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