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☆ These are the 11 cheapest electric cars you can buy in 2023
▼ + stars: | 2023-01-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

We've found the 11 cheapest new EVs you can buy in 2023. Chevrolet Bolt EVThe 2023 Chevrolet Bolt EV. ChevroletRetail price: $27,800EPA-estimated range: 247 milesQualifies for EV tax creditChevy recently introduced a big brother for the Bolt EV, the Bolt EUV. MazdaRetail price: $34,110EPA-estimated range: 100 milesMazda's first electric model disappoints in the all-important range department. KiaRetail price: $39,550EPA-estimated range: 253 milesThe Kia Niro gets bold new looks for the 2023 model year.

☆ I've driven 19 electric cars. Here are 4 reasons you should consider buying one (that have nothing to do with the environment).
▼ + stars: | 2023-01-10 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

I've driven electric cars from Tesla, Audi, Porsche, Hyundai, Kia, Volkswagen, Rivian, and more. EVs are quick, fun, and quietThe 2022 Kia EV6 GT-Line. Tim Levin/InsiderAlmost all EVs, from budget Chevys to sporty Audis, have more pep in their step than comparable gas cars. The 2022 Kia EV6. Tim Levin/InsiderSince electric cars lack bulky components like an engine and transmission, automakers enjoy lots of flexibility to add extra interior room for people and stuff.

☆ Electric vehicle sales hit a tipping point in 2022
▼ + stars: | 2022-12-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Bloomberg includes plug-in hybrids in its count of “electric vehicles,” but a large majority are purely battery-powered models. It’s unclear exactly why 5% seems to mark the point where EV sales really take off. The Mustang Mach-E, which hit the market in in 2021, was the first electric vehicle to take a notable chunk of Tesla’s still-dominant EV market share. The act, passed this year, changes the rules around which electric vehicles are eligible for consumer tax credits. Given their popularity and already high sales, incentive rules could help push EV sales significantly higher.

☆ I've tested 19 different electric cars — and while I love the technology, I wouldn't buy one yet
▼ + stars: | 2022-12-23 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Testing well over a dozen new electric cars has convinced me that I want one someday. New electric cars are too expensiveThe Tesla Model Y costs close to $70,000. Tim Levin/InsiderPeople who are unwilling or unable to shell out for a new car buy used. But the market for electric cars is so young — and they're so pricy to begin with — that there aren't all that many appealing secondhand options in my budget. Tim Levin/InsiderUnderdeveloped charging infrastructure is widely cited as one of the top reasons more people don't buy more electric cars.

☆ Many laid-off tech workers are bouncing back stronger than ever. Here's why.
▼ + stars: | 2022-12-15 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I'm almost certain that this prescient verse was talking about how over half the tech workers who got laid off recently are now earning more than what they made before, according to new analysis. Laid-off tech workers are actually finding jobs quickly. Because tech workers are typically college-educated, with specialized skills in high demand across many industries, their chances of finding new jobs are pretty good in any economy. But right now, those odds are unusually good — and many tech workers are bouncing back stronger than ever. Even though tech companies are doing terribly right now, a lot of businesses in other industries are fine.

A Tesla Model 3 vehicle is on display at the Tesla auto store on September 22, 2022 in Santa Monica, California. The data firm found that Tesla's market share of new registered electric vehicles in the U.S. stood at 65% through the third quarter, down from 71% last year and 79% in 2020. S&P forecasts Tesla's EV market share will decline to less than 20% by 2025, with the number of EV models expected to grow from 48 today to 159 by then. A drop in Tesla's U.S. market share was expected, but the rate of the decline could be concerning for investors in Elon Musk's autos and energy company. "Given that consumer choice and consumer interest in EVs are growing, Tesla's ability to retain a dominant market share will be challenged going forward."

☆ The Chevy Bolt’s huge sales prove America is craving a cheap electric car
▼ + stars: | 2022-10-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

The Bolt EV and its new, more SUV-like sibling the Bolt EUV had record sales in the third quarter of the year with 14,000 being delivered to customers. Prices for the new Bolt EUV, which is taller and roomier, dropped to a base of about $28,200, $6,300 less than before. The 2023 Bolt EV now has a starting price of $25,600 and, for the Bolt EUV, $27,200. The Chevrolet Bolt EUV is a taller, roomier version of the Bolt EV electric hatchback. Like many electric cars, it can be driven “one pedal” style, with the car braking gently as the accelerator pedal is lifted.

☆ GM's plan to build 400,000 EVs in North America has been delayed by up to 6 months because it hasn't been able to make batteries fast enough
▼ + stars: | 2022-10-26 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

GM has delayed a plan to build 400,000 EVs in North America. CEO Mary Barra said Tuesday the launch of battery production had been slower than expected. Barra told investors in February that GM planned to make 400,000 EVs in North America through 2023, per Automotive News. Barra wants GM to build one million electric vehicles in North America by 2025. GM plans to open a second next year, and another in 2024.

Wedbush analyst Dan Ives in a research note called the results a "major step in the right direction for the Detroit stalwart." GM reaffirmed its guidance for full-year net income of $9.6 billion to $11.2 billion, and full-year diluted earnings per share of $5.76 to $6.76. The automaker reported net income of $3.3 billion, compared with $2.4 billion a year earlier. The automaker said higher volume in the quarter drove a $5-billion gain, with higher prices contributing a $2.1 billion gain, offset by $3.6 billion in additional logistics costs. GM's China income climbed to $330 million, compared with $270 million a year earlier.

DETROIT, Oct 25 (Reuters) - General Motors Co (GM.N) on Tuesday reported a higher quarterly profit, and reaffirmed its full-year outlook. The automaker reported net income of $3.3 billion, compared with $2.4 billion a year earlier. The automaker said higher volume in the quarter drove a $5 billion gain, with higher prices contributing a $2.1 billion gain, offset by $3.6 billion in additional logistics costs. GM said it has received 170,000 reservations for the new Chevrolet Silverado EV pickup, which arrives at U.S. dealers next spring. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ben Klayman, Paul Lienert and Joseph White, Editing by Louise Heavens, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

DETROIT, Oct 25 (Reuters) - General Motors Co (GM.N) shares rose almost 5% in premarket trade on Tuesday as the company reported a higher quarterly profit that beat analysts' estimates. GM reaffirmed its guidance for full-year net income of $9.6 billion to $11.2 billion, and full-year diluted earnings per share of $5.76 to $6.76. Diluted earnings per share in the third quarter of $2.25 topped estimates of $1.88. Register now for FREE unlimited access to Reuters.com RegisterThe automaker reported net income of $3.3 billion, compared with $2.4 billion a year earlier. The automaker said higher volume in the quarter drove a $5 billion gain, with higher prices contributing a $2.1 billion gain, offset by $3.6 billion in additional logistics costs.

☆ Cadillac's new $300,000 electric car comes with 5 screens, futuristic looks, and 300 miles of range — see the Celestiq
▼ + stars: | 2022-10-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq.

☆ How one GM auto plant's UAW union workforce is learning to make EVs
▼ + stars: | 2022-10-16 | by ( Bob Woods | ) www.cnbc.com time to read: +7 min

The Orion plant, in operation since 1983, was beginning to transition from making a variety of internal combustion engine (ICE) vehicles to EVs. "We started slowly introducing the Bolt on the assembly line," he said, a process that can take up to a year while working out the bugs. There's specialized training required for all the assembly workers on how to deal with those potentially dangerous connections in a safe manner, he said. In essence, "it takes more of an electrician than it does a mechanic" to assemble an EV, Brown said.. The recently upgraded center houses manufacturing laboratory facilities that simulate steps along the assembly line, including robotics and sheet metal fabrication.

☆ GM to sell up to 175,000 electric vehicles to Hertz through 2027
▼ + stars: | 2022-09-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

General Motors has agreed to sell up to 175,000 electric vehicles to Hertz Global over the next five years, the companies announced Tuesday. The deal calls for GM to start supplying electric vehicles such as the Chevrolet Bolt EV and Bolt EUV to the rental car giant starting the first quarter of next year. GM is the latest automaker to strike such an agreement with Hertz following Tesla and Polestar, a Volvo-backed electric vehicle startup. Hertz has made increasing its fleet of electric vehicles a priority following its emergence from bankruptcy less than a year ago. Hertz aims to have a quarter of its fleet be electric by the end of 2024, while GM has announced plans to exclusively offer electric vehicles by 2035.

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