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U.S. Electric Car Sales Climb Sharply Despite Shortages

By Jack Ewing Photo: An Rong Xu, The New York Times

Americans are buying electric vehicles at a record pace, undeterred by rising prices and long waits for delivery, a further indication that the twilight of the internal combustion engine is on the horizon.

07/14/22
                                                               

Cars may lose top CO2 polluter spot as EV numbers grow

By Benjamin Storrow Photo: Justin Sullivan , Getty Images

Analysts at Rhodium, a research firm, say power plants and cars will continue to get cleaner over the course of this decade, as Americans consume more renewable energy and adopt electric vehicles in higher numbers. Yet those trends are expected to be gradual and highly dependent on economic conditions and commodity prices. Industrial emissions, meanwhile, are projected to flatline, leaving the sector as the largest emitter in the United States by the beginning of the next decade.

07/14/22
                                                               

U.S. Electric Car Sales Climb Sharply Despite Shortages

By Jack Ewing Photo: An Rong Zu, The New York Times

Americans are buying electric vehicles at a record pace, undeterred by rising prices and long waits for delivery, a further indication that the twilight of the internal combustion engine is on the horizon.

07/14/22
                                                               

Bloomberg Says US Has Hit Electric Car Tipping Point

By Steve Hanley Photo: Vitesco

Recently, Consumer Reports found more and more Americans are considering buying or leasing an electric car. In fact, in its latest survey, 15% of licensed drivers who responded said their very next car would be an EV. Now Bloomberg (paywall) is telling its subscribers that electric cars have passed a critical tipping point in the US and that a quarter of all new cars sold in America will be electric by 2025, several years earlier than expected.

07/13/22
                                                               

A Quarter of Americans Say Their Next Car Will Be an EV

By Keith Naughton

A quarter of Americans surveyed say they will buy an electric vehicle as their next automobile as gasoline prices soar to record levels.

07/13/22
                                                               

Manchin, playing to the home crowd, is fighting electric cars to the end

By Coral Davenport, Lisa Friedman and Hiroko Tabuchi Photo: Pete Marovich for The New York Times

The West Virginia senator, who holds the swing vote in negotiations for a budget plan, wants to cut incentives. The president and most Senate Democrats say buyer credits are crucial to fight climate change.

07/12/22
                                                               

Toyota hits electric-vehicle sales milestone, joins Tesla and GM in triggering phaseout of tax incentives for buyers

By Michael Wayland Photo: Scott Mlyn , CNBC

The Japanese automaker joins Tesla and General Motors in initiating a phaseout of the credit for future consumers who purchase an all-electric or plug-in hybrid electric vehicle. The milestone comes at an inopportune time, with Toyota ramping up production of its new all-electric bZ4X.

07/06/22
                                                               

Toyota runs out of US tax credits for EVs, joining Tesla and GM

By Keith Laing Photo: Kyle Grillot/Bloomberg

Automaker has crossed 200,000-car cap on $7,500 subsidy Japanese company has been lobbying to extend tax credits.

07/01/22
                                                               

EV demand is so hot that Tesla owners are flipping their cars like houses

By Ronald D. White Photo: Dennis Wang

On his second effort as an electric vehicle flipper, Wang made $4,000. On his third, he hit what he considered the sweet spot, a $7,000 profit. All the deals involved Teslas that Wang bought and resold, flipping them like tickets to a hot concert.

06/30/22
                                                               

Tesla’s in the lead as U.S. electric car sales get supercharged

By Joan Muller

Tesla’s grip on the growing U.S. electric vehicle (EV) market remains strong despite an onslaught of new plug-in models from competitors. Why it matters: The Elon Musk-led automaker pioneered the EV movement more than a decade ago, but only now is U.S. demand starting to take off.

06/27/22