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ABI Research predicted that global EV sales in 2024 will increase by 21% and increase by 19% in 2025, in its EV Market Slowdown report.
Ford hybrids reached an all-time high in Q1 2024 sales. The company announced delays in previous plans for its next-generation EV rollout.
Two hybrids made the top 10 in a 2024 CarMax car brand loyalty study, with Tesla ranked fifth. No electrified vehicles had made the previous list.
The 5% EV tipping point happened in 31 countries in the fourth quarter of 2023, leading to mass EV adoption by mainstream car buyers around the globe.
The Hyundai Kia Automotive Group said it will invest $51 billion over three years to ramp up production of its Hyundai EV cars.
Used electric cars can be great bargains, thanks to saving on gas and maintenance costs. Possible buyers just need to be more aware of this opportunity.
Despite an EV sales slowdown, excitement builds for new models and infrastructure upgrades, fueling continued growth amidst media skepticism.
An announcement came in the Rivian Q4 2023 Shareholder Letter, outlining plans to expand access to the Rivian Adventure Network to other EVs.
Apple announced it was closing its all-electric, partly autonomous, Apple Car division, “Project Titan,” in February 2024.
KBB reported the Tesla Model Y as the No. 5 best-selling car in America in 2023, proving the EV revolution is growing fast.
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