Ford has announced a pause in its $12 billion investment in electric cars due to declining demand and losses of $36,000 for every EV sold. This comes after the Biden administration gave them $9.2 billion to build EV batteries. The electric-vehicle boom is starting to flounder, with concerns about the future of EVs and their high insurance and repair costs. Toyota's attempt to create a startup mentality within its 86-year-old company has also failed. Cruise has suspended all driverless operations, highlighting the fragmented oversight governing the self-driving car industry. The slow growth of EVs has led to Ford's stock plunging by 12%.
UK drivers make claims of ‘dangerous’ electric car faults https://t.co/RA9jzFDKzB
"Hertz is scaling back its EV ambitions because its Teslas keep getting damaged" https://t.co/8Lq9pw3BIU via @Verge https://t.co/qqgqTQ3Qbk
How Long Do EV Batteries Last? New Research Suggests It's Way Longer Than You Might Think https://t.co/55vs8FRxpg
Big news from the automotive world ⚡️ Swedish researchers have made a ground-breaking stride in the realm of car battery recycling. This is game-changing 👇 https://t.co/Q9TJTiI2Rt
"Ford shares fall after Q3 earnings on EV costs, UAW" https://t.co/aAJZHdKyY9 https://t.co/zHWeIMQic3
Toyota is the latest company to make bold claims about solid-state battery technology giving electric cars vastly greater range. But what are solid-state batteries and why do we need them? https://t.co/YKm0dHMb3V
"Auto Execs Are Coming Clean: EVs Aren't Working" https://t.co/VUVpKyxXKX https://t.co/vcYCLuzxU7
“The narrative has taken over that EVs aren’t growing,” Ford chief financial officer John Lawler said this week. “They’re growing . . . It’s just growing at a slower pace than the industry, and quite frankly, we, expected.” https://t.co/Dksnr7pWRH via @ft
The flip side of billionaire entrepreneur Elon Musk’s optimism is a fixation on worst-case scenarios he is determined to avoid. These days, he sounds worried. https://t.co/r8Edfx5dW6 via @WSJ
The Political Risks Of Mandating EVs For Everyone https://t.co/w8Y02qmvDj
Ford hits the brakes on $12 billion in EV spending because EVs are too expensive https://t.co/YA2eNaeXmX
As Cruise suspends all driverless operations, a look at the lack of clear federal regulations and fragmented oversight governing self-driving cars in the US (@trishathadani / Washington Post) https://t.co/BvSltX6DhW 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/vUrt1R02Cx
Why it's so hard to recycle electric-car batteries https://t.co/VameWWOuVw
How soon until we have self-driving cars? https://t.co/ZfeNwjcJ7U
MyPOV: Moving too fast to EVs by force makes no environmental and economic sense. Toyota Chairman Says People Are Finally Seeing the Reality About EVs https://t.co/IwqZ2ewwW6
🔗 https://t.co/JRQME4GJvJ “We have decided to proactively pause driverless operations across all of our fleets while we take time to examine our processes… and reflect on how we can better operate in a way that will earn public trust,” said Cruise.
Tesla shows how it makes its batteries in hypnotizing video https://t.co/3DqjJSQ7uL
Cruise Pauses All Driverless Operations, Saying It’s Taking a “Hard Look Inwards” https://t.co/EJac5QZyPX
Cars are so over https://t.co/pX4bhzPOrR
Cruise Suspends All Driverless Operations Nationwide https://t.co/KxZ42BtzJH
Battery swapping could be the future for efficient EV charging https://t.co/k7z5NbRkDp
Elon Musk Appears Seriously Concerned About Almost Everything These Days, Says Report
EV Skeptic Toyota Chairman Says People Are 'Finally' Waking Up To Reality Of Electric Vehicles https://t.co/0AN5i5Wi2b
Cruise ceases robotaxi operations, the Apple Watch gets a new feature and Carta tries to head off bad press https://t.co/eCpGbotN5G by @kyle_l_wiggers
MyPOV: too much consumption of psychedelics will lead you to go mad. The flip side of billionaire entrepreneur Elon Musk’s optimism is a fixation on worst-case scenarios he is determined to avoid. These days, he sounds worried. https://t.co/qYvsthNqcX via @WSJ
"As higher insurance and repair costs makes EVs less attractive, adoption rates will adjust accordingly." Yeah, this kinda make sense. https://t.co/HUh3s1se7p
Even if you don’t like electric cars you may want to keep an eye on these key new battery technologies. 👀 https://t.co/tUuvbMDMIN
Car Companies Are Suddenly Super Worried About the Future of EVs https://t.co/q1zA7Swtqn
My latest: How a robotaxi crash got Cruise’s self-driving cars pulled from Californian roads. The whiplash from approval to ban —in just two months — highlights the fragmented oversight governing the self-driving car industry. https://t.co/k5xGZEG91F
How Long Do EV Batteries Last? Longer Than You Might Think, Research Suggests https://t.co/3ns0TTdmkj
muh EV adoption not doing great "Average electric car insurance costs rose 72 per cent in the year to September, compared with 29 per cent for petrol and diesel models" Electric vehicles: insurers balk at battery fires and write-offs https://t.co/dfOTufW6b5
Ford’s Cost Problem Isn’t Just About EVs https://t.co/kmEJJ12vMq
‘The early adopters have adopted’: US carmakers slow their EV growth plans https://t.co/QFWYnbBZHA
Electric vehicles: insurers balk at battery fires and write-offs Average electric car insurance costs rose 72 per cent in the year to September, compared with 29 per cent for petrol and diesel models, according to Confused. com. EV claims are typically 25 per cent higher than… https://t.co/EPHPF84nth https://t.co/gKBXMpoCS4
In 2021, Toyota created an in-house technology startup to navigate the “profound change” in which cars become electric, internet-connected, autonomous and reliant on software. But just three years later, the project has been curtailed due to slow going. https://t.co/34KWDYTe9S
The flip side of Elon Musk’s optimism is a fixation on worst-case scenarios he is determined to avoid. These days, he sounds worried. https://t.co/BI7webwNEA
There's still time to turn things around, but so far Elon Musk’s moves have made it more likely — not less — that this will go down as one of private equity's biggest busts. https://t.co/3ae8FJhe5u
The flip side of billionaire entrepreneur Elon Musk’s optimism is a fixation on worst-case scenarios he is determined to avoid. These days, he sounds worried. https://t.co/DqXVI6Zbl5
Toyota is the latest company to make bold claims about solid-state battery technology giving electric cars vastly greater range. But what are solid-state batteries and why do we need them? https://t.co/9x5JxeNB6D
FORD STOCK PLUNGES 12% ON NEWS OF WIDER EV LOSSES (Fox Business) Ford shares closed down more than 12% Friday after the company withdrew its full-year forecast, citing "uncertainty" over its tentative deal with the UAW and broader losses in its electric vehicle division https://t.co/WStLSUtSwF
Humanity finally mastered the self driving car https://t.co/yjSY7nwW36
MyPOV: hard to make innovation work. @ToyotaMotorCorp story is the rule not the exception. The World’s Biggest Carmaker Made a Huge Bet on Tech. Things Went Wrong Fast. https://t.co/yDp6eONbD4
Electric vehicles: insurers balk at battery fires and write-offs https://t.co/IUV5Qp6wkh | opinion
Why Tesla cars accelerate so fast https://t.co/QAl0mmOGgq
Toyota knew it needed new tech expertise. But creating a startup mentality to mesh with an 86-year-old giant didn’t work. https://t.co/IAZSEyqjed https://t.co/IAZSEyqjed
Auto Execs Are Coming Clean: EVs Aren't Working https://t.co/iwVpJb5D9y
The electric-vehicle boom that spawned multibillion dollar startups overnight and pushed Tesla’s value into the stratosphere is starting to flounder, barely a few years since it kicked off https://t.co/Pn2TzNZ6ls
Ford announced that they’re pausing a $12 billion investment in electric cars because of declining demand and that they’re losing $36,000 for every EV they sell Good thing the Biden administration just gave them $9.2 billion to build EV batteries! https://t.co/46JEQa4t8S