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Global electric car sales records for Dec. 2020 up 105% YoY reaching 6.9% share. Europe sales up 264% YoY reaching 23% share, China sales rose 12% YoY reaching 9.4% share. EV market news - "The electric car future is finally taking off." BNEF -EV sales to surge 60% in 2021. Biden vows...
Following the sharp 2008 crisis, the U.S. auto market was hit severely in 2020 as the global pandemic has impacted sales tremendously.Sales in 2020 declined 14.7% to 14.5M units, the lowest since 2012. Q4 sales grew 5%, on the back of fiscal stimulus, low interest rates and increasi...
Some energy stocks had a phenomenal 2020, led by renewable energy stocks that have high growth potential. But not all growth stocks are created equal. Some of the hottest energy stocks happen to have uncertain financial futures with losses mounting and little hope for positive cash ...
Shares of Electrameccanica Vehicles (NASDAQ: SOLO) rose 24.2% in January according to data from S&P Global Market Intelligence . The stock gained ground following news that the electric vehicle (EV) company is making moves to expand its retail footprint. SOLO ...
VANCOUVER, British Columbia, Feb. 02, 2021 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, has been invited to present at the Stifel Virtual Transportation & Logisti...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Economic reports in the week ahead The stock market tries to reset after its worst week since October with even popular stocks like Apple (NASDAQ:AAPL) and...
FN Media Group Presents Oilprice.com Market Commentary London – January 29, 2021 – Electric vehicle stocks have been on fire this past year, outperforming every other sector in the market. The sector’s favorite benchmark– Global X Autonomous &am...
The incoming Biden administration is planning to pump $2 trillion into renewable energy infrastructure and EVs play a big role in a greener future. Shares of largest EVs are still going up even after epic gains in 2020. Nio’s (NYSE:NIO) stock rose about 6 percent on Friday and it is ...
Palm Beach, FL – January 27, 2021 – Over the last few years, the demand for lithium-ion battery has been rising at an ever increasing rate. The lithium-ion battery market growth is driven by surge in need for smartphones and other electronics devices and increase in electric v...
FN Media Group Presents Oilprice.com Market Commentary New York, NY – January 21, 2021 – The world’s first trillionaire will be a green-tech entrepreneur. New York Times veteran tech journalist Kara Swisher boldly declared this a year ago–right be...
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Luxury high-performance sports car carmaker Porsche has announced that it is abandoning its electric vehicle targets due to sluggish EV demand. Porsche is the latest in a growing list of established automakers that made ambitious electrification plans but have been forced to scale back amid fa...
New research has revealed that electric-vehicle demand among American drivers has waned for the first time in four years . The research confirms what many automakers have been experiencing for the past several months: the nascent EV industry is losing the steam it has gathered over the last deca...
The recent drop in electric vehicle demand that has left many automakers rethinking their electrification plans may be short-lived. New data shows that while the drop in EV sales may have forced major carmakers such as General Motors (GM) and Ford to scale down their plans amid mounting losses ...