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Environmentalists and electric vehicle advocates are accusing the world’s largest automaker, Toyota, for dragging its feet on electrification. As of early 2023, the company sells only one electric vehicle, the bZ4X, which it has only sold in small quantities. Will it be able to catch up with the rest of the world, or is Toyota actually in the driver’s seat by going slow in EV adoption given how small the global market share is in total electric vehicle sales?
over 1 year ago
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Four manufacturers dominate the market for large semitrucks, led by Daimler Trucks’ Freightliner brand. But the business is facing challenges from the outside.
over 1 year ago
cnbc.com
Traffic and congestion have been worsening in U.S. cities for decades. Widening roads is an oft-proposed fix, but experts say it’s only part of the solution.
about 1 year ago
cnbc.com
Since the Environmental Protection Agency was founded in 1970, one of its primary tasks has been testing gas burning vehicles - both to see how much they pollute and to tell consumers how many miles per gallon they are liable to get in a car. But since electric vehicles came to market in significant numbers after 2010, the agency has begun shifting toward testing EV range. The trouble is that EV technology is changing…fast. The agency has had decades to refine standards for gas burning cars, and…
10 months ago
cnbc.com
Research shows roundabouts reduce crashes, clear congestion and can save cities money. But they’ve met resistance in the U.S.
9 months ago
cnbc.com
When Kia first came to the U.S., its cars were cheap and poorly reviewed. Now, it’s winning awards and commanding higher markups than peers.
8 months ago
cnbc.com
Electric car maker Tesla is said to have labor costs significantly lower than those of the unionized Detroit 3, which could widen its lead in the EV market.
7 months ago
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EV inventories have been piling up at dealerships in 2023, and are selling far more slowly than their gasoline counterparts.
6 months ago
cnbc.com
Oshkosh leverages technology that can be applied to various products to suit different markets. Electrification and automation are just two examples.
5 months ago
cnbc.com
The lower prices might bode well for buyers, but they raise concerns that low resale values could hurt EV adoption among mainstream consumers.
5 months ago
cnbc.com
When Tesla unveiled its vision for an electric pickup truck in November 2019, it shocked the world. Four years later, it’s finally here. But getting the Cybertruck to market has been a big challenge. Elon Musk has repeatedly emphasized how difficult building it has been, and has tempered expectations around scaling production. CNBC explores why Tesla’s new stainless steel truck is so hard to mass produce and what it will take for Tesla to meet the demand.
5 months ago
cnbc.com
A car loses about 10% of its value, on average, as soon as it’s driven off the lot. In three years, it has often lost 50%. Depreciation, the rate at which that happens, is a number everyone in the automotive world thinks about including consumers, automakers and the massive used car market, which makes up more than double the sales of new cars. But the Covid-19 pandemic turned used car prices upside down. Those odd times have led to lasting changes, and industry insiders say it is likely to rema…
4 months ago
cnbc.com
One of the biggest purchases of a person’s life starts losing value right away — thank the laws of economics and quirks of the auto industry.
4 months ago
cnbc.com
E-commerce behemoth Amazon is attempting to do what insiders say no one has been able to do yet: bring a seamless online shopping experience to car-buying.
3 months ago
cnbc.com
A complex combination of factors is driving up the cost of vehicle repairs, but some say there are reasons to be optimistic.
3 months ago
cnbc.com
The three auto brands in the automaker’s stable — Hyundai, Kia and Genesis — are nipping at the heels of well-established competitors.
2 months ago
cnbc.com
Henrik Fisker went from famed auto designer to failed EV startup CEO. Now he’s back and determined. But the new venture is still facing serious obstacles.
about 2 months ago
cnbc.com
The tire business can be a brutal one. But industry analysts say the rise of EVs provides the biggest growth opportunity tire makers have seen in decades.
about 2 months ago
cnbc.com
The tire business is a business of low growth, low margins and extreme competition. Tire makers are at the mercy of of raw material prices. And about half of customers are largely indifferent to the brand of tires they buy. Price is the main differentiator. But industry analysts say EVs provide tire makers with the biggest growth opportunity they have seen in decades. AlixPartners estimates that tires on EVs require 20 percent more frequent replacement and can cost 50 percent more.
about 2 months ago
cnbc.com
As EV sales are leveling off, hybrids are back, stronger than ever. Carmakers including Ford, General Motors, Toyota, BMW and Hyundai are boosting production.
about 1 month ago
cnbc.com
The EV revolution is a tempting proposition for entrepreneurs. But the business is not for the faint of heart. Successes tend to have a few common traits.
16 days ago