Toyota's decision to focus on hybrids over electric vehicles is proving to be successful.
Tesla Inc. sold just one electric vehicle in South Korea in January as a raft of headwinds, from safety concerns to price and a lack of charging infrastructure, weigh on demand.
Consumer prices fell last month in China by the most since the global financial crisis in 2009, the latest sign that weak spending and a glut of output from factories and farms are forcing businesses to offer discounts.
Researchers are experimenting with different designs that could lower costs, extend vehicle ranges and offer other improvements.
Ford Motor is rethinking its electric vehicle strategies, including reassessing the need for vertical battery integration, CEO Jim Farley said Tuesday.
Hertz is pausing its plans to purchase 65,000 electric vehicles from Polestar due to high repair costs and the stalling demand for electric cars.
Arrival, a British electric vehicle maker, has gone into administration putting 170 jobs at risk. The company, previously valued at $15 billion, appointed consultancy firm EY as administrator after failing to launch its debut electric van.
The resale value of used electric vehicles like the Tesla Model Y, Model 3, and Chevy Bolt has plummeted, leaving owners surprised and disappointed.