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Fiat Chrysler Automobiles and Peugeot-maker PSA Group have released the logo for Stellantis. (Fiat Chrysler Automobiles/TNS) The Peugeot 508. (Tibo/Peugeot/TNS) This is a 2020 Jeep Compass Limited 4x4 on display at the 2020 Pittsburgh International Auto Show Thursday, Feb.13, 2020 in Pittsburgh. (AP Photo/Gene J. Puskar) In this Sunday, April 26, 2020, photograph, a long row of unsold 2020 Pacifica minivans sits at a Chrysler/Jeep dealership in Englewood, Colo. (AP Photo/David Zalubowski) The Citroen e-C4 all electric hatchback is display during a media presentation in Paris, Tuesday, June 30, 2020. PSA Group s Citroen Brand is showing off a new version of its C4 compact hatchback, a model that will be key to the company s sales prospects as it faces a highly competitive European car market that faces severe headwinds from the coronavirus. (AP Photo/Michel Euler) ....
Was 2020 The Year That EVs Hit it Big? Almost, But Not Quite Despite significant breakthroughs, sales of electric vehicles were largely stagnant, and the cost of the cars puts them still out of reach for most Americans. December 21, 2020 A charging cable is plugged into a Volvo electric vehicle in London on Nov. 18, 2020. Credit: Tolga Akmen/AFP via Getty Images Related Share this article In the energy world, 2020 was both unsettling and exciting, a year when the coronavirus pandemic drove billions of people to change their patterns of driving, flying and public transportation use, just as an unprecedented transition away from fossil fuels was gaining speed. Oil markets cratered, but clean energy appeared to emerge unscathed, if not stronger. ....
ABC News Turn on desktop notifications for breaking stories about interest? OffOn The Mach-E, Polestar 2 and ID.4 are strong challengers. • 13 min read Tesla debuts futuristic new electric Cybertruck Tesla founder Elon Musk promised his truck will get between 250 and 500 miles per charge and will go 0 to 60 mph in an unparalleled 2.9 seconds.Ford Motor It s no secret electric vehicles are storming showrooms. We re not talking about Tesla s Cybertruck or Model Y either. All automakers, from mainstream brands to uber luxury marques, are giving consumers their antidote to the ubiquitous and now quotidian Teslas that have silently yet masterfully usurped the freeways and local roads Americans traverse each day. Like it or not, Elon Musk shook up the turgid, staid automotive industry and single-handedly claimed the term electric vehicle as his company s own. EVs may only account for 1.7% of U.S. auto sales, but the majority are Teslas, namely the Mo ....
REUTERS/Massimo Pinca This story is available exclusively to Insider subscribers. Become an Insider and start reading now. In 2020, at least seven EV startups have gone public through mergers with special-purpose acquisition companies, and an eighth has said it s close to finalizing a deal. Only one of those eight companies has delivered even a single vehicle, and some don t plan to begin deliveries until 2022. Still, some of the startups have higher stock prices than Ford. Three experts told Business Insider the wave of pre-revenue EV startups going public through SPAC mergers reminds them of the late 1990s dot-com bubble. The auto industry has long been a notoriously difficult environment for startups. Tesla is the only US automaker selling vehicles on a large scale that was founded after 1925. ....