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Rivian Loses $33K On Every Truck It Sells: Report

Jalopnik

It’s tough starting a new electric vehicle company these days, just ask Faraday Future or Lordstown Motors. But Rivian seemed like one of the good ones that might actually make it, as it’s been shipping its electric trucks out to customers for almost two years now.

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Tesla Cybertruck Is Already The Second Most Popular Electric Truck On The Market

Jalopnik

Good morning! It’s Thursday, May 16, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.

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GM Delays Start Of EV Truck Production At Michigan Plant Due To Lack Of Demand

Jalopnik

General Motors is kicking production of its electric pickup trucks at its Orion, Michigan factory down the road for a year as it deals with “evolving EV demand ,” according to Reuters. The move may be a sign that EV demand in the near future just isn’t as strong as automakers were predicting. Read more.

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Canada Sets 2035 Zero Emissions Mandate For New Cars

Jalopnik

Just over 10 percent of Canadian new car buyers this year chose to buy a battery electric or plug-in hybrid electric vehicle. million new cars, trucks, and SUVs… Read more. According to CTV , the exact number is 10.3 The Canadian market is relatively small, as the massive frigid country is expected to purchase around 1.63

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Price Cuts Alone Can’t Save EV Sales

Jalopnik

Electric vehicle makers are in a tight spot right now, with sales struggling to the extent that Ford is even considering cutting a shift at the factory that assembles its F-150 Lightning electric pickup truck.

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Kelley Blue Book Unveils 2024 Best Buy Award Winners 

AutoSuccess

To be considered for Kelley Blue Book’s highest accolade, Best New Model, the vehicle must be an all-new or redesigned vehicle – unavailable before the prior year’s final Best Buy Awards testing – and offer a strong value proposition to consumers based on pricing, innovation, and available standard technology and safety features.

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Dealer Says The EQS Is Not Something 'Most People Aspire To Own' As MB EVs Sit On Dealer Lots For Months

Jalopnik

Mercedes-Benz electric vehicles are spending nearly three months sitting on dealer lots. Data shows that it took Mercedes dealers an average of 82 days to sell the automaker’s battery-powered EQ models , according to Automotive News. Read more.