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U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
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In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.
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As of January 1, consumers can lease electric vehicles and qualify for up to $7,500 in commercial clean vehicle tax credits.
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Toyota Motor Corp. President Akio Toyoda says there is a silent majority who question whether automakers should pursue electric vehicles exclusively.
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Details of CX-90 to be fully revealed in January.
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The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.
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The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
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Magazine cites in part the model’s appeal to existing truck owners.
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The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.
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