Category: Electric

The EV Market Is Entering An Exciting Phase

One of the first real mass production EVs, the Nissan Leaf, took about 10 years to produce and sell 500,000 units. Just the other day, VW announced that it has sold 500 000 of its ID series, one year ahead of schedule. It took VW just 2 years to sell half a million units of […]

GM CEO Barra says electric vehicles to be profitable by 2025

General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025 as it boosts battery and assembly plant capacity to build over 1 million EVs per year. CEO Mary Barra used the pledge to kick off the company’s investor day event Thursday in New York. The profit figure includes vehicle sales revenue, benefits from emissions tax credits, and revenue from software and parts sales, she said.