A report from the bank found that buyers are now more willing to purchase an EV even though they're spending less on fuel before the purchase.
Gas prices may play less of a role in pushing consumers to switch to electric vehicles, according to a Barclays report that cites its own credit card numbers for its findings. Analyst Joy Zhu said in a Tuesday note that an earlier trend of consumers spending more on gas before purchasing an EV has started to reverse. The Barclays study focuses on consumers purchasing Tesla EVs rather than other makes.
These are the food and snack companies most at risk as the new obesity drugs revolutionize consumer behavior, according to BofA
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Barclays warns that only a stock market crash could save bondsBarclays warns that only a stock market crash could save bonds
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Barclays says rates will keep going higher until there is a deeper stock sell-offIf stocks fall further, 'bonds will likely benefit from the portfolio effect' as investors shift out of equities, a strategist said.
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General Motors to return to Europe with range of EVsAmerican car giant will come back to European market with Cadillac, Chevrolet and Hummer
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Hyundai’s future EVs will also have Tesla’s EV charging portHyundai will feature Tesla’s EV charging port on its future vehicles. The South Korean company is the latest to adopt Tesla’s North American Charging Standard.
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Hyundai EVs will support Tesla's NACS charging starting in Q4 2024Hyundai has reached a deal to adopt Tesla's NACS charging standard in North America starting in Q4 2024 in the US, with Canada to follow in the first half of 2025.
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US-Built Toyota EVs To Use LG Batteries Made In MichiganTo make good on its part of the deal, LG will invest roughly $3 billion in its Michigan facility to establish new production lines for cells and modules exclusively for Toyota.
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