As the world turns, Electric Revs brings you an eclectic mix of current news updated throughout the day. (updated 3pm Pacific)
EVs reach almost a third of Norway new car sales
OSLO (Reuters) – Almost a third of new cars sold in Norway last year were pure electric, a new world record as the country strives to end sales of fossil-fueled vehicles by 2025.
GM exceeded 200,000 EV threshold in Q4 2018
General Motors hit 200,000 total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit over the next 15 months, a person briefed on the matter said Wednesday.
Tesla reports Q4 sales, cuts prices by $2k, stock price drops
Tesla’s shares plunged on the first day of 2019 trading after the company unexpectedly announced it was cutting prices by $2,000. The move, designed to partially offset a reduction in the federal tax credit for its electric vehicles, underscored the key challenge in what is likely to be a pivotal year for the company and its chief executive officer.
Audi releases marketing “documentary” on the making of the Audi e-tron
Faraday Future settles investment dispute
Today, FF (Faraday Future Inc.) and its investor Season Smart have announced that they have entered into a newly agreed upon restructuring agreement. Both parties agreed to terminate the previous investment contract, withdraw and waive all current litigation and arbitration proceedings, and release all security including the asset preservation pledge and equity financing rights.
Hyundai sees slow China and US sales in 2019
South Korea’s Hyundai Motor Group flagged another year of tepid car sales growth on the back of a slow 2018, saying trade protectionism adds uncertainty and major markets such as the United States and China remained sluggish.
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