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Reaching the Biden Administration’s goal of 50% of U.S. new vehicle sales being BEVs by 2030 is unlikely, says Jack Hollis of Toyota in a webinar.
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Tesla faces new competition as new electric vehicle manufacturers come onto the scene.
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The automaker’s new vehicle registrations grew 61% in the first half of the year to take the top spot among luxury automakers.
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Major automakers say the $430 billion bill approved Sunday by the U.S. Senate will put the brakes on achieving U.S. electric-vehicle adoption targets for 2030.
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But the automaker remains bullish that stronger results are possible in the second half of the year.
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The EV automaker appears positioned for another growth phase as long as the global economy stays strong, analysts say.
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One-quarter of Americans say they will consider an electric vehicle for their next vehicle.
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McLaren and Fisker have branded their auto finance ventures and have them supported by Chase.
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CarGurus.com reveals the average listing price for a new electric vehicle stood just under $60,000 at the end of June, marking a 13% increase since February.
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Italy, Portugal, Slovakia, Bulgaria and Romania want to delay a EU plan to ban the sale of new gasoline and diesel-powered vehicles in 2035 by five years.
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