Author: Pras Subramanian

With inventory reportedly piling up, Tesla analysts and investors predicted price cuts were coming — and they were right. Wedbush analyst Dan Ives said the the cuts are the “right medicine at the right time.” In a note to clients today, Ives argued that lowering prices is the correct strategic move as demand may be waning and competition is heating up.

Add another entrant into the high-stakes battlefield of EV pickup trucks. At CES from Las Vegas, Ram Trucks unveiled the Ram Revolution 1500 EV Concept, a full-size pickup that will likely mirror a production version that Ram says we will see later this year.

For the 46th consecutive year, Ford says its F-Series pick-ups will be the top selling truck in America for 2022. Though the official sales Ford data doesn’t come out until January 5th, the Dearborn-based automaker is fairly positive that the over 640,000 F-Series trucks sold will top rivals like GM, Toyota, and Stellantis’ Ram brand.

The Treasury Department and the IRS issued some new guidelines on the Inflation Reduction Act’s (IRA) EV tax credit, and for the time being it is bringing foreign automakers some good news ahead of the new year.

The Treasury Department and the IRS issued some new guidelines on the Inflation Reduction Act’s (IRA) EV tax credit, and for the time being it is bringing foreign automakers some good news ahead of the new year.

Here are the big stories moving EV (electric vehicle) stocks today.

Here are the big stories moving EV (electric vehicle) stocks today.

Despite ongoing supply chain issues and headwinds like price inflation, EV penetration in America nearly doubled in the U.S. in the first ten months of 2022, going to 5.3% of all vehicles sold, versus 2.9% last year. Experian data shows new car registrations hit 604,638 EV vehicles, more than 60% versus a year ago. But the easiest way to grow that EV number, beyond initiatives like expanding EV charging networks and increasing incentives (which we’ll get too), is making EVs cheaper. Here’s why 2023 could be the year we’ll see cheaper EVs.

GMC’s Hummer EV is an earthmoving, behemoth of a pickup that is everything most EV buyers are not trying to be - brash, in your face, and intimidating. But when they hear it’s electric, their ears sort of perk up.

The Tesla CEO unveiled the production version of the EV-maker’s long awaited Tesla Semi, an all-electric class 8 commercial semi truck.