Ford is losing boatloads of money on every electric vehicle sold

Ford is losing boatloads of money on every electric vehicle sold

Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. A hot potato: Turning a substantial part of the automotive industry into an EV-only affair will likely take some time. Despite investing a significant amount of money into research and development, some carmakers are still losing a hefty sum on every EV model they sell. One of the largest automotive companies in the world lost $1.3 billion in its EV-only business unit known as “Model e̶...
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LASG Set To Launch 2,000 Gas-powered Mass Transit Buses, 250 Electric Taxis

LASG Set To Launch 2,000 Gas-powered Mass Transit Buses, 250 Electric Taxis

Lagos State Government announce plans to launch 2,000 New Mass Transit Buses powered by Compressed Natural Gas (CNG). Also confirmed that a private operator/ investor will, in the month of June, launch 250 new Electric powered (EV) Cabs. LASG also said that the recently introduced TMS device captured 26,816 real-time traffic infringements in the last three months. The Lagos State Government has announced plans to take transportation to the next level through the launch of 2,000 new mass transit...
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Global Electric Vehicle Fast Charging Stations Market 2023-2030 is Booming Worldwide | Top Players are ABB Ltd, ChargePoint Inc., EVgo Services LLC

Global Electric Vehicle Fast Charging Stations Market 2023-2030 is Booming Worldwide | Top Players are ABB Ltd, ChargePoint Inc., EVgo Services LLC

Market Overview: The Global Electric Vehicle Fast Charging Stations Market size is expected to grow from USD 7.8 billion in 2022 to USD 81.08 billion by 2030, at a CAGR of 34% during the forecast period (2023-2030). An electric vehicle fast charging station serves as a source of electricity that connects to an electric vehicle, providing electric power for charging. It is also known as a charge point or electric vehicle supply equipment (EVSE). The rising adoption of electric vehicles is driven...
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Electric Vehicle Charging Socket Market Worldwide Overview by Industry Size, Future Trends, Growth Factors

Electric Vehicle Charging Socket Market Worldwide Overview by Industry Size, Future Trends, Growth Factors

The Global Electric Vehicle Charging Socket Market size is expected to grow from USD 60.36 Million in 2022 to USD 257.81 Million by 2030, at a CAGR of 19.9% during the forecast period (2023-2030). A piece of equipment known as a charging station supplies electrical power for plug-in electric vehicle charging. It’s also known as an electric car supply equipment or a charging point. The two main categories are AC charging stations and DC fast chargers. Because it is convenient and inexpensiv...
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Table set for Honda’s massive bet on Canada’s electric vehicle sector – CBC News

Table set for Honda’s massive bet on Canada’s electric vehicle sector – CBC News

When word of Honda’s soon-to-be-announced electric vehicle investment leaked to Bloomberg News on Sunday, Ontario Premier Doug Ford saw an opening to boast about his government’s success in getting into the automotive battery business. “We’ve overtaken China and knocked them off the pedestal for the first time ever,” he told the First Nations Major Project Coalition conference on Monday morning, referring to Canada’s top spot in a recent global supply chain...
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Lagos set to roll out 2,000 CNG buses before December

Lagos set to roll out 2,000 CNG buses before December

.As state captures 26,816 traffic violators in 3 months .5,000 Okada impounded Ibrahim Quadri Lagos State Government on Tuesday disclosed its readiness to roll out not less than 2,000 Compressed Natural Gas, CNG buses before the end the year as part of measures to mitigate the economic hardship. Also, the state government hinted it had introduced Traffic Management Solution, (TMS) devices, handled by the LASTMA officers which had led to the capturing of 26, 816 violations from January-March. The...
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FG Set To Deploy First Batch Of CNG Vehicles Ahead Of Tinubu’s First Anniversary In Office On May 29th

FG Set To Deploy First Batch Of CNG Vehicles Ahead Of Tinubu’s First Anniversary In Office On May 29th

FG announce plans to deploy the first batch of CNG Vehicles ahead of first anniversary of Tinubu in office on May 29th 2024. Said N100 billion was allocated to purchase 5,500 CNG vehicles, 100 electric buses, and over 20,000 CNG conversion kits. Deployment of CNG vehicles is parts of FG’s vision to have at least one million natural gas propelled vehicles on the roads by 2027. The Federal Government has announced plans to start the deployment of Compressed Natural Gas (CNG) buses and tricycles...
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Honda to build electric vehicles and battery plant in Ontario: senior sources

Honda to build electric vehicles and battery plant in Ontario: senior sources

Federal and Ontario governments expected to make the announcement this week Author of the article: The Canadian Press Allison Jones Published Apr 22, 2024  •  Last updated 23 minutes ago  •  2 minute read Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully electric vehicles. Photo by Cole Burston /The Canadian Press Honda Canada is set to build an electric vehicle battery plant near i...
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Honda to build electric vehicles and battery plant in Ontario, sources say

Honda to build electric vehicles and battery plant in Ontario, sources say

TORONTO — Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully electric vehicles. The Canadian Press has learned that the federal and Ontario governments will make the announcement this week. Senior sources with information on the project confirmed the deal but were not yet able to give any dollar figures. Ontario Premier Doug Ford on Monday morning told a First Nations conference that there...
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May 29: Tinubu To Mark First Anniversary With 2,700 CNG Buses, Tricycles

May 29: Tinubu To Mark First Anniversary With 2,700 CNG Buses, Tricycles

As part of the Presidential CNG Initiative launched last October to provide cheaper, safer and more climate-friendly transportation, the Bola Tinubu administration will roll out the first batch of compressed natural gas (CNG) vehicles before its first anniversary on May 29. Presidential spokesman, Bayo Onanuga, disclosed on Sunday that after months of planning, the Federal Government is set to deliver on Tinubu’s vision of transitioning Nigeria’s transportation sector to run on natural gas....
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