Losing Charge: Canadian electric vehicle interest continues to decline, says new EY report
Toronto, Ontario — According to EY Mobility Consumer Index 2024, consumer appetite for electric vehicles (EVs) may be showing signs of slowing, with only 50 percent of Canadians reporting desire for an EV, down two percent year-over-year. The study further notes that compared to Canadian interests, global intent to purchase a vehicle saw a seven […]
Fast Financials: VinFast beats revenue estimates on strong demand for third financial quarter; still reports $550 million net loss
Toronto, Ontario — On Tuesday, Vietnamese electric vehicle manufacturer, VinFast, reported a $550 million net loss for the third financial quarter–representing smaller than predicted results from the previous year. As noted by a report from Reuters, this smaller net loss was the result of lowered costs for materials and ramped-up production volumes. The news source […]
Powered Problems: Nearly 46,000 Kia, Hyundai and Genesis electric vehicles recalled in Canada for power loss risk
Toronto, Ontario — According to Transport Canada, nearly 46,000 electric vehicles from Kia, Hyundai and Genesis are being recalled across the country over a potential power loss issue. The recalls specifically affect certain 2022 to 2025 models, with a total of 45,974 vehicles impacted in Canada. As noted by Transport Canada, the integrated charging control […]
