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10/18/2024
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By Cassie B.
Desperate lab-grown meat industry claims it needs government subsidies to survive
Lab-grown meat is proving to be a spectacular failure, and producers are becoming so desperate that many are pushing for a public subsidy to stay afloat. Preliminary data from the venture capital firm AgFunder shows that funding in the lab meats sector fell by 78% in 2023 to reach $177 million, down from $807 million […]
10/17/2024
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By Ramon Tomey
Car buyers in Germany shifting back to gas-powered vehicles after trying out EVs
Car buyers in Germany are switching back to internal combustion engine (ICE) vehicles powered by gasoline or diesel after trying out electric vehicles (EVs). Remix News reported on this finding, citing data from Huk-Coburg, Germany’s largest auto insurance company. According to the firm’s numbers, 34 percent of all EV owners switched back to an ICE […]
09/18/2024
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By Kevin Hughes
Aussie journalist reveals EVs are a COMMERCIAL FLOP in the Land Down Under
An Australian journalist has revealed that electric vehicles (EVs) are a commercial flop in the Land Down Under. Caleb Bond of Sky News disclosed this in a Sept. 12 piece for News.com.au, noting that dealers are pushing EVs to buyers “by any means necessary.” He added that even with huge price cuts – with some […]
09/13/2024
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By Olivia Cook
Volvo abandons goal of becoming pure electric carmaker as demand for EVs plunges
Swedish carmaker Volvo has abandoned its goal to pivot toward an all-electric product line as demand for electric vehicles (EVs) plunges. The company made this announcement on Sept. 4, citing “softening demand for pure battery-powered cars” as per Euronews. Before the announcement, Volvo had already laid out its ambitious goal of becoming an all-electric car […]
08/29/2024
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By Ava Grace
Auto giant Ford scales back EV production due to LOUSY SALES
The Ford Motor Company has scaled back its electric vehicle (EV) production due to lousy sales. On Aug. 21, the automaker said it was scrapping plans for a sizeable all-electric sport utility vehicle (SUV) and delaying production of its all-electric F-150 Lightning pickup truck to the second half of 2027. It also plans to sell […]
08/15/2024
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By Ava Grace
Germany’s EV sales PLUMMET by almost half in first 6 months of 2024
The sales of electric vehicles (EVs) in Germany have dropped by almost half in the first six months of 2024. The German daily newspaper Die Welt reported on this development, noting that EV sales among private customers in Germany have dropped by 47 percent compared to a year prior. This drop in sales serves as […]
08/13/2024
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By Ramon Tomey
Major solar panel company files for BANKRUPTCY after California ends subsidies for renewables
A major provider of solar panels for rooftops has filed for bankruptcy, dealing another serious blow to the much-hyped “green” energy sector. Watts Up With That (WUWT) reported, citing the Daily Caller, that rooftop solar firm SunPower filed for Chapter 11 bankruptcy in Delaware on Aug. 5. The San Jose, California-based SunPower will look to […]
07/30/2024
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By Laura Harris
MONEY DRAIN: Ford lost $2.5B on its EV segment in the first half of 2024
The Ford Motor Company has lost nearly $2.5 billion on its Model E segment over the first half of 2024. According to its latest financial report, Ford’s losses in its electric vehicle (EV) segment have worsened despite a notable increase in sales volume. For the second quarter of 2024, Ford sold 23,957 EVs – a 61 […]
06/21/2024
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By Zoey Sky
Germany’s EV sales plummet as demand in Europe declines
The European Union’s main auto industry body recently reported that sales of new battery-electric cars in the region have dropped by 12 percent in May from a year earlier, with a 30 percent decrease in Germany. Germany, the bloc’s largest electric vehicle market, brought an early end to subsidies for buying EVs as part of a last-minute […]
06/20/2024
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By Laura Harris
EV startup Fisker files for bankruptcy after suspending production
Electric vehicle startup Fisker has filed for bankruptcy protections to sell its assets and restructure its debt after it suspended production. Earlier this year, the company’s founder, automotive designer Henrik Fisker, already expressed his doubts about the company’s ability to remain in business. The company’s failure to secure a crucial investment from Japanese automobile giant Nissan […]
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