The STLA Large platform — serving cars, crossovers, and SUVs — will accommodate eight global vehicle launches starting in 2024 to 2026.
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The all-stock acquisition will give Xos access to ElectraMeccanica's cash balance of $48.5 million to fund the expansion of Xos' electric trucks in fleets.
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The Geotab Sustainability Alliance will help fleets scale EV adoption and find other solutions to curb emissions and meet their sustainability goals.
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The Ram ProMaster EV features a targeted range of up to 162 miles in city driving, multiple configurations to meet various fleet operational needs, and over-the-air update capabilities.
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Maria Neve will oversee growth and delivery of services for Inspiration Fleet.
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Tesla price cuts that shook up the market and challenged the profitability picture for all automakers.
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In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
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While sales reached all-time highs, the oft-reported slowdown in the pace of growth is real as electric vehicles still remain too expensive for many average car buyers.
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GM faces a setback as software quality issues force them to delay sales of their all-electric SUV model.
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In an effort to jump start a slowing market, EV manufacturers will offer more models, incentives, discounts, advertising, and sales muscle.
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