The UK’s commitment to reaching Net Zero carbon emissions has become one of the defining policy ambitions of the decade. It is shaping decisions across government, industry and everyday life, from how energy is generated to how people…
DETROIT — Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles in lieu of investment in more efficient gasoline-engines and hybrid EVs, the company…
“Rather than spending billions more on large EVs that now have no path to profitability, we are allocating that money into higher returning areas, more trucks and van hybrids, extended range electric vehicles, affordable EVs, and entirely…
Ford on Monday announced it took a massive $19.5 billion hit tied to its electric vehicle production and said it will scrap the electric F-15 truck touted by Joe Biden.
By Chris Isidore, CNN (CNN) — Ford on Monday said it is pulling back on its electric vehicle plans, a move that will result in a $19.5 billion charge against its earnings to be taken mostly in the current quarter. But excluding that charge…
Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) stock rose Monday after it finalized a deposit agreement with a Florida-based operator and investor in high-end vacation rentals for 2,000 FX Super One MPVs.
Under hyperdelivery initiative, customers can complete their purchase online or at an Ola Electric Store and take home their fully registered vehicles on the same day
As the global shift toward clean and sustainable energy accelerates, electric vehicles (EVs) are becoming a central feature of modern transportation systems. Nigeria, Africa’s largest economy, is gradually joining this global movement,…