#EVNews

[mynews-tv]

High-end all-electric (Classic) Bronco produced in the USA by Kindred, Polestar 3 joins the EV production lineup – Catch up on the latest EV updates here. Subscribe to CleanTechnica for daily news or find us on Google News! Sweden's renowned EV manufacturer introduces the luxurious Polestar 3 SUV, now in production in South Carolina. #ElectricVehicles #EVNews #CleanTech #Polestar3 #LuxurySUV

[pimpymyev]

2025 Porsche Taycan Gets Even More Performance

The 2025 Porsche Taycan and Ford's budget-friendly EV are two recent breakthroughs that have captured the attention of automobile enthusiasts and industry experts in the quickly changing electric vehicle (EV) sector. These distinct but important releases show automakers' different electrification agendas.

[enterprisewired]

Electric Vehicle Makers Rivian and Lucid Witness Stock Plunge Amid Q4 Earnings

Challenges in Production and Economic Uncertainties IImpact Shares

Shares of electric vehicle manufacturers Rivian and Lucid experienced a sharp decline on Thursday following the release of disappointing fourth-quarter earnings. Rivian shares plummeted approximately 25%, while Lucid’s stock saw a nearly 17% decline in value.

Production Forecasts for 2024

Rivian’s outlook for 2024 anticipates the production of 57,000 vehicles, a slight decrease from the 57,232 vehicles manufactured in the previous year. Lucid, on the other hand, projects the production of 9,000 vehicles in 2024, representing a modest 7% increase compared to the 8,428 vehicles produced in 2023.

Financial Performance and Workforce Reductions

While Rivian’s fourth-quarter revenue of $1.32 billion exceeded Wall Street estimates, the company reported a worse-than-expected net loss per share of $1.36. In response to economic and geopolitical uncertainties, including historically high-interest rates impacting demand, Rivian CEO RJ Scaringe announced a 10% reduction in the workforce during Wednesday’s earnings call.

Lucid reported lower-than-expected revenue of $157.2 million for the quarter. Lucid CEO Peter Rawlinson attributed the impact to the macroeconomic environment and higher interest rates. The company, expanding its operations to new locations such as Saudi Arabia, acknowledged adapting to different market dynamics.

EV Market Challenges and Slow Sales Growth

Despite significant investments in electric vehicles (EVs), industry-wide sales have grown slower than anticipated. As of December, EVs constituted 6.9% of total sales, totaling approximately 976,560 units, reflecting a 1.7 percentage point increase from 2022. Rivian and Lucid, while making strides, still account for a fraction of the EV market compared to industry leader Tesla.

According to a Cox Automotive analysis, Rivian represented just over 4% of EV sales in 2023, while Lucid comprised 0.5%. Tesla continued to dominate the market with a commanding 55% share.

Stock Performance and IPO Impact

Rivian’s shares have undergone a significant decline, dropping around 40% in the past year and plummeting 85% from their initial public offering price of $78 a share in November 2021. Similarly, Lucid’s stock witnessed a decline of approximately 70% in the past year and has fallen over 75% from its IPO price of $14 a share in October 2021.

Rivian and Lucid were not the sole focus of Wall Street on Thursday, as electric truck maker Nikola also reported worse-than-expected revenue and a slightly better-than-expected loss per share in its earnings, resulting in a relatively flat stock performance.

The challenges faced by these electric vehicle manufacturers highlight the complexities and uncertainties within the evolving EV market, influenced by production hurdles, economic factors, and growing competition.

Also Read: Divergent Paths: Rivian and Lucid Earnings Reflect Varying Fortunes in the EV World

[tridemobility]

How Comparing Electric Scooters Empowers Your Purchase Decision: Unleashing the Benefits

When it comes to buying an electric scooter, the process of comparing different models brings forth a multitude of benefits. By delving into various aspects such as price, battery capacity, speed, charging time, and more, you gain the advantage of making a well-informed decision that perfectly suits your needs. Let's explore how comparing electric scooters can benefit you when it comes to purchasing the ideal ride.

Cost-Effectiveness: Embarking on a comparison journey allows you to assess the prices and features of electric scooters. Through this process, you can uncover models that offer outstanding value for your budget. By comparing multiple options, you might find scooters with similar specifications but differing significantly in price, enabling you to achieve the ultimate combination of affordability and quality.

Range and Battery Capacity: Examining the battery capacity and range of electric scooters is crucial in determining their suitability for your purposes. By comparing different models, you can identify scooters that offer longer ranges, allowing you to cover more ground on a single charge. This ensures that you have the necessary battery capacity to accommodate your daily commuting or recreational needs without the hassle of frequent recharging.

Speed and Performance: Speed is often a paramount consideration for riders seeking an exhilarating experience. Comparing electric scooters lets you explore various models and identify those that boast higher top speeds, providing you with the velocity you desire. By evaluating performance metrics such as acceleration and hill-climbing capabilities, you can select a scooter that matches your speed requirements, ensuring a thrilling and efficient ride.

Charging Time and Convenience: Comparing charging times among different electric scooter models is vital in understanding how quickly you can recharge and get back on the road. Some scooters offer fast charging capabilities, minimizing your downtime and keeping you on the move. Evaluating charging times enables you to choose a scooter that aligns with your daily routine, ensuring maximum convenience and minimum waiting time.

Additional Features and Customization: Electric scooter often come equipped with a range of additional features and customization options. Through comparison, you can explore and prioritize features that enhance your riding experience. TRiDE Mobility integrated displays, advanced suspension systems, app integration, customizable lighting options, or other features, comparing models helps you find a scooter that perfectly suits your preferences and elevates your enjoyment on the road.

Safety Considerations: Safety is paramount when it comes to any mode of transportation, including electric scooters. By comparing different models, you can evaluate the safety features they offer. Look for reliable braking systems, lights for enhanced visibility, stability-enhancing mechanisms, and other safety elements that prioritize your well-being during your rides. Comparing safety aspects ensures that you choose a scooter that keeps you protected on the road.



TRiDE mobility compare option brings forth a plethora of benefits, ranging from cost-effectiveness to enhanced safety and customization options. By thoroughly assessing factors such as price, battery capacity, speed, charging time, and additional features, you can make an informed purchase decision that aligns perfectly with your requirements. Remember to conduct thorough research, read reviews, and consult reputable sources to ensure you find the electric scooter that meets your needs and provides an enjoyable and efficient commuting experience.

Visit our website or download our app on Google Play Store and Apple Store to explore further. Make an informed decision and enjoy your electric scooter journey!

[evrides]

Wondering what's buzzing in the EV space in India? Get all the important updates in the industry with us. To read the detailed news, please visit https://lnkd.in/ghuyukgz TRiDE Mobility - EV Rides | Ultraviolette Automotive | Narayan Subramaniam | Komaki Electric Vehicle Official | Prakash Tola | Matter | Mohal Lalbhai | Arun Pratap Singh | Aditya Kumar | Bharti Airtel | Ajay Chitkara | Ashish Chandra | Tork Motors | Kapil Shelke | Simple Energy | Suhas Rajkumar | Shreshth Mishra | Ola Electric | Bhavish Aggarwal | Ather Energy | Tarun Mehta | Swapnil Jain |

[piyusha30]

Breaking News: Tesla Increases Model 3 and Model Y Prices in the US Due to Supply Chain Challenges | Tesla | EVNews | PriceHike | Model3 | ModelY | SupplyChainChallenges | ElectricVehicles | TeslaNews | USMarket | AutomotiveIndustry | Sustainability|

Tesla has announced price hikes for its Model 3 and Model Y vehicles in the US, citing supply chain challenges as the reason for the increase. The new prices came into effect on 19 April 2023, with the Model 3 Standard Range Plus now starting at $45,000, up from $42,190, while the Model Y Long Range starts at $54,000, up from $51,190. The prices of other versions of these vehicles have also…

[nehaev]

[evindia]

BYD INDIA LAUNCHES BYD ATTO-3

[multimix2ad]

The Cybertruck's Shocking Pothole Test Failure

[juanmecanico]

"Fisker DESTRUYE los Precios del Ocean hasta en $24K en una BATALLA FEROZ para evitar la quiebra ¡No te lo puedes perder!" El mundo de los coches eléctricos continúa moviéndose a un ritmo rápido, y Fisker no es la excepción. Recientemente, algunos informes han sugerido que el fabricante de EV podría estar al borde de la bancarrota, debido a los recortes drásticos de precios en su Ocean SUV eléctrico. Ahora, si tienes alguna experiencia en la industria automotriz, sabes que los recortes de precios no son un buen augurio. Se puede decir que es el equivalente automotriz de un chaleco salvavidas en un barco que se hunde lenta pero evidentemente. Pero en lugar de saltar a conclusiones, vamos a desgranar esto por un momento. Para empezar, Fisker ha rebajado el precio de su Ocean SUV eléctrico en un asombroso 23 por ciento. Sí, lo leíste bien, 23 por ciento. Eso es un gran salto, incluso para un mercado tan volátil y competitivo como el de los vehículos eléctricos. ¿Por qué esta decisión tan drástica? Bueno, según las fuentes, parece que este recorte de precios es un intento de competir con Tesla y otros fabricantes de EV que están introduciendo SUVs eléctricos más asequibles. Al mismo tiempo, esto también da mucho que repensar sobre la sostenibilidad financiera de la empresa. ¿Puede Fisker resistir esta reducción de precios a largo plazo? Pero espera, hay más. Junto con este recorte de precios, también hay rumores de que Fisker está explorando una posible bancarrota. Ahora, esto es especulativo y no hay confirmación oficial al respecto, pero se puede ver que el escenario no es el ideal para Fisker. Miren, no hay nada malo en querer competir. De hecho, es saludable para el mercado y beneficioso para los consumidores en una industria. Pero hay una forma inteligente y una forma desesperada de hacerlo. En este punto, Fisker parece estar en el lado desesperado de las cosas. ¿Puede hacer frente a la presión que Tesla y los demás están ejerciendo en el mercado de los vehículos eléctricos, o está destinado a ser uno de los principales protagonistas en la próxima ronda de la "muerte de los fabricantes de EVs no convencionales"? ¡Ay, Fisker! No puedo evitar pensar que esta jugada tiene más riesgo que recompensa. Quiero decir, ¿competir con Tesla? ¡Eso es como intentar ganarle a un campeón de ajedrez en su propio juego! Aún así, hay algo admirable en la audacia... o quizás sea desesperación. Pero nunca olvidemos uno de los principios de esta movimiento eléctrico: la competencia lleva a la innovación. Por lo tanto, independientemente de lo que suceda con Fisker, podemos estar seguros de que tendremos una experiencia más avanzada y asequible para los consumidores de EV. Si Fisker se va a la bancarrota, nadie podrá decir que no lo intentaron con todo. Estoy intrigado por su valentía y compromiso de luchar en un mercado tan ferozmente competitivo hasta el final. Después de todo, como automovilistas y amantes de los coches, todos nos beneficiamos de esta competencia. No hay duda, los vehículos eléctricos están dando mucho de qué hablar y estoy emocionado de ver cómo se desarrolla este drama eléctrico. ¡Seguimos a la expectativa! #EVNews

[news4you2]

Rivian shares surge as company reveals new EV models, $2.25 billion in co

[stevemackyoutube]

Why You SHOULD NOT Buy a Tesla Model 3! https://youtu.be/K4FZYDWWutI

#teslamodel32023 #teslamodel32023Review #TeslaAustralia #Model3 #NewModel3 #evNews #Teslamodel3Review #teslamodel3 #2022teslamodel3 #teslamodel3performance #2023teslamodel3 #Australia

[tridemobility]

🗞️Last week's EV News collection is here for you so that you don't miss the important updates. To read in-depth, please visit our news section here https://lnkd.in/ghuyukgz TRiDE Mobility - EV Rides | Dalmia EV Pvt. Ltd. | Manu Malhotra | Vikas Anand | e-Sprinto | Shalu Gupta | Atul Gupta | Greaves Cotton Limited | Sanjiv Kumar | Anil S Makhloga | Lectrix | Kislay Pankaj | Paresh Pradhan | Enigma Automobiles | Alankrit Bohre | Greaves Electric Mobility | Sanjay Behl | Readily Mobility Solutions | Hiteshh Sharma | Deepanshu Negi | TVS Motor Company | kothandaraman vasudevan |