No, electric vehicle sales aren’t dropping. Here’s what’s really going on
CNN
Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, arguably a step back from EVs.
Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, possibly taking a step back from GM’s earlier commitment to shifting straight to pure EVs. And now the EPA is considering slowing down requirements for automakers to sell more electric vehicles, dialing back what had been aggressive plans to move away from gas powered cars and SUVs. You’d be forgiven for thinking the American market for EVs is collapsing. But in the last quarter of 2023, EV sales were up 40% from the same quarter a year before, according to Cox Automotive. In fact, EV sales in the United States hit a record last year, topping 1 million for the first time. Still there is still a troubling gap between expectations and reality. Bloomberg New Energy Finance, for instance, projected sales of 1.7 million plug-in vehicles in 2023, but only 1.46 million ultimately sold. (BNEF’s figures include plug-in hybrids, but the large majority are fully electric vehicles.) The trend line isn’t slanting upward as sharply as many had predicted so the industry is lowering future estimates. Industry experts cite a number of reasons for this, including vehicle price, lack of charging capacity and confusing tax credit rules. Most electric vehicles currently on sale in America are on the more expensive side of the automotive market.
Trump is running a private equity playbook on Venezuela
President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by the US.
President Donald Trump has spoken in unequivocal terms: US oil companies are headed back to Venezuela, they’ll spend the tens of billions of dollars required to restore the country’s energy infrastructure, and they’ll reap the potentially enormous rewards.
China has banned exports of some rare earth elements and other items to Japan that could be used for military purposes, straining already tense relations between the two countries following the Japanese prime minister’s recent remarks on Taiwan.
The American Dream has never felt further out of reach. And it’s not just because the house with the white-picket fence and the nanny to care for the children are unaffordable. They’re also, for many, unavailable.
Leaders of the Corporation for Public Broadcasting, a private agency that has steered federal funding to PBS, NPR and hundreds of public television and radio stations across the country, voted Monday to dissolve the organization that was created in 1967.
President Donald Trump may have made a major miscalculation about Venezuela’s oil.
With its new Galaxy Z TriFold, Samsung is betting it can wow consumers with an iPad-sized screen that folds up like a brochure to fit neatly in your pocket.
Like so many of Trump’s talking points, this one has its roots in the conservative media he consumes.
At 7 a.m., the earth began to rumble. Suddenly, oil blew out of its well in a massive eruption that towered 200 feet in the air and sprayed the fearful villagers of La Rosa.
The gas pump has emerged as a rare source of relief for Americans drowning in higher prices – and that positive trend is expected to continue in 2026.
President Donald Trump said he’s counting on American companies to rebuild Venezuela’s battered oil industry.
Heading into 2025, US stock valuations were already relatively expensive compared to the rest of the world, creating an incentive for investors to look for returns in different markets.