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GM Oct 2024 38.000 call
- Yahoo Finance Video
What's driving consumer interest away from EVs?
Consumer interest in EVs has fallen for the first time in three years, according to the J.D. Power US Electric Vehicle Consideration Study. Some of the reasons cited in the study are concerns over charging infrastructure and range anxiety. Yahoo Finance Reporter Pras Subramanian joins Market Domination to break down the report and what it means for the EV market moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance
Consumer interest in EVs just dropped for the first time in 3 years
A new report from automotive research firm J.D. Power points to fading EV interest from American consumers.
- Reuters
GM, LG agree on $150 million relief for Chevy Bolt EV owners over faulty batteries
General Motors first launched Chevrolet Bolt EVs in 2015, and used batteries made by LG entities as part of a business arrangement with the car manufacturer. GM started recalls in 2020 after it faced numerous complaints about fires in some vehicles. "GM, LG Energy Solution and LG Electronics have agreed to a settlement with plaintiffs to resolve class action litigation related to the Bolt EV battery recall," GM said in an emailed statement to Reuters.
