Electric

Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market, but shares rallied as CEO Elon Musk pledged to accelerate plans for a more affordable EV. Tesla reported profits of $1.1 billion, down 55 percent from the year-ago quarter on revenues of $21.3 billion, …

Sales of electric cars are surging and expected to break another record in 2024, the International Energy Agency said on Tuesday, with China a big market for that growing demand. In its annual report on the sector, the Paris-based IEA said the world's electric car fleet continued to "grow strongly" …

Tesla has finally introduced the Performance variant of the updated 2024 Model 3 , calling it “a perfect, high-performance daily driver.” We’ll start with the newly tuned chassis, which includes the first use of adaptive dampers on a Model 3. Three modes can be selected—Standard, Sport and Track. The multi-sectioned …

We’ve told you about Fisker dramatically cutting the price of 2023 Ocean models recently. Now, the same can be said about the 2024 VinFast VF 9 on the eve of the Montreal Electric Vehicle Show, where the Vietnamese automaker will be on display, and with a first batch of units …

As Jeep prepares to officially introduce its first fully electric SUV, the Wagoneer S , and launch it in Quebec and B.C. starting this fall, slow EV growth might force the company to offer a gas-powered variant simultaneously. That’s what new Jeep CEO Antonio Filosa told Automotive News in a …

Electric luxury car maker Lucid today announced a series of enhancements to the Air Grand Touring sedan for 2024. While still delivering 819 horsepower and unbeatable range of up to 830 km (with the smaller 19-inch wheels), the car is now equipped with the heat pump from the top-line Air …

Tesla has announced a big software update that it plans to roll out in the coming weeks, without being more specific about timing. Here’s what’s in store. First, as you can see on the picture above, the user interface will be revised on Model 3 and Model Y vehicles built …

Budget 2024 tabled by Canada’s Finance Minister Chrystia Freeland on Tuesday doesn’t include any changes to the federal Incentive for Zero-Emission Vehicles (iZVE) program. The program will continue as planned until March 31, 2025. The budget proposes to provide the program with an additional $607.9 million over two years, starting …

The Mercedes-Benz EQB , the least expensive electric SUV in the German automaker’s lineup, is refreshed going into its sophomore year. The all-wheel-drive variant is back, though with reduced power and range. Why? Because now it qualifies for the federal EV rebate, too. Instead of the EQB 350 4MATIC that …

Alfa Romeo ’s first electric vehicle, which was unveiled last week as the Milano, will actually be called Junior after the Italian government came out saying that a product manufactured in Poland could not legally go by the name Milano. Alfa Romeo has used the Junior moniker since 1966 with …