Next year, you'll be able to choose from around 40 electric models, more than ever before. But the electric revolution is just getting started.
The tax incentives would give an advantage to automakers who are represented by the UAW. Elon Musk has opposed union efforts at Tesla.
The electric pickup delivers up to 1,000 horsepower, over 300 miles of range, and Hummer's signature, bulky styling.
Tesla's sales are accelerating rapidly, but its massive share of the total electric-car market is dropping as other brands enter the space.
The Tesla Model 3 sedan gets 65% of its parts from the US or Canada, while just 15% of the Ford Mustang Mach-E's components are North American.
Due to shortages, US automakers are raking in $3,000 more per car on average, and up to $10,000 more on pickups and SUVs, one analyst told Bloomberg.
GM announced plans on Tuesday for a 300,000-square-foot research facility where it will work on cheaper and more efficient EV batteries.
Morgan Stanley valued Lordstown stock at just $2 following the company's $230 million deal with Foxconn to sell its Ohio factory.
The company said it "continues to move forward with its plan to build a limited number of vehicles," in 2021 and the beginning of 2022.
The pact would allow Foxconn and Lordstown Motors to work in parallel at the factory, according to Bloomberg.
In this week's Insider Advertising newsletter we're covering sustainability metrics in RFPs, supply-chain issues for ad plans, and Facebook's comms.
GM told some Bolt EV owners to park on the top floor in parking lots to reduce the risk of a battery fire spreading, per Reuters.
Kenny Vieth, president of ACT Research, said that demand for trucks is strong, but that there is a shortage of parts, reported The Wall Street Journal.
Tesla's Model S Plaid may be the fastest production car, but Biden is more interested in being first to drive the first union-made electric Corvette.
General Motors sued Ford over its BlueCruise self-driving vehicles, saying the branding was a "brazen" attempt to use GM's "Cruise" trademark.
The automaker is advising that the vehicles again be parked outdoors "out of an abundance of caution."
Shares of the electric-vehicle maker have now lost about half their value since the beginning of the year.