Free Republic

Tesla has certainly seen better days. In 2023, Tesla sold 55% of the EVs in America, far ahead of the second-place EV seller, Ford, which sold 6% of the total EVs sold. This makes Tesla a barometer by which much of the entire market can be measured. Experts say that some of Tesla's difficulties are a result of how Tesla is run, but some of the problems are systemic to the industry as a whole. Drop in Income, Stock clawing its way backOn Tuesday, Tesla reported a 9% drop in revenue in the first quarter, which was the largest drop...

Electric vehicles will never dominate the market, Toyota Chairman Akio Toyoda has said, in the latest sign that car companies are backing away from the troubled technology. The Telegraph has more. Battery-powered electric vehicles will only ever capture 30% of global market share, the Chairman of Toyota has predicted, raising concerns about consumers’ willingness to align with Net Zero goals. Akio Toyoda said that traditional fuel-burning cars, as well as hybrids and hydrogen fuel cell vehicles would make up the rest of the market. The grandson of the founder of the world’s largest car manufacturer said shifting towards electric vehicles...

The cost of an electric vehicle (EV) battery pack can vary depending on composition and chemistry.In this graphic, Visual Capitalist's Bruno Venditti and Sabrina Lam use data from Benchmark Minerals Intelligence to showcase the different costs of battery cells on popular electric vehicles.Size MattersSome EV owners are taken by surprise when they discover the cost of replacing their batteries.Depending on the brand and model of the vehicle, the cost of a new lithium-ion battery pack might be as high as $25,000:The price of an EV battery pack can be shaped by various factors such as raw material costs, production expenses,...