Electric vehicle raw material costs doubled during pandemic

Employees inspect a Rivian R1T electrical automobile (EV) pickup truck on the assembly line at the company’s manufacturing facility in Standard, Illinois, US., on Monday, April 11, 2022. Jamie Kelter…

Monthly costs to finance new, used vehicles hit record high

Fg Trade | Istock | Getty Photographs Shortages, fascination fees are pushing up rates “Simply place, there is not ample supply of sellable automobiles to guidance need,” stated Jeff Schuster,…

Ford CEO expects industry consolidation as electric-vehicle transition fuels costs

Ford CEO Jim Farley poses up coming to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electrical Car or truck Middle in Dearborn,…

GM slashes prices of Chevy Bolt EVs despite rising commodity costs

2022 BOLT EUV Supply: Chevrolet DETROIT – Irrespective of increasing commodity expenditures, Common Motors on Wednesday slashed the cost of its 2023 Chevrolet Bolt EV, possible making it the the…

EV battery costs set to spike as raw material shortages drags on

Attendees seem at the all-electric powered Ford F-150 Lightning pickup truck at the Washington Auto Demonstrate in Washington on Tuesday, January 25, 2022. Monthly bill Clark | CQ-Roll Connect with,…

Toyota warns raw materials costs could cut profits by 20%

Toyota 2023 Sequoia on display screen at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor on Wednesday warned investors that “unparalleled” improves in supplies…

Tesla covers travel costs for healthcare including, reportedly, abortions

Signage outdoors the new Tesla South Austin showroom within the Lawn growth in Austin, Texas, U.S., on Saturday, Oct. 16, 2021. Mark Felix | Bloomberg | Getty Images Tesla will…

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email

Uber posted a $5.9 billion decline in the initial quarter of 2022. Philip Pacheco | AFP by way of Getty Photos Uber will cut back again on paying and concentrate…

Rising interest rates mean higher borrowing costs to buy a car

Newsday Llc | Newsday | Getty Photographs On leading of elevated charges for new and utilised cars and trucks, financing the acquire of just one is about to get far…

EV sales stay strong despite rising battery costs

Purchasers all around the globe are lining up to buy electrical motor vehicles this yr even with sticker rates surging, flipping the script on a decade and a 50 percent…