#electricvehicles

Posts mentioning hashtag #electricvehicles

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More layoffs incoming

Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street Journal, which first reported the plans, said the layoffs will affect roughly 4% of the company’s workers.

https://www.cnbc.com/2025/10/23/rivian-layoffs.html


Ford Pro is benefitting from reallocated EV funds.

From the Detroit snooze, sounds like Model E will soon be Model Eliminated…

Ford Motor Co. is shifting funds from its electric vehicle division, and the beneficiary is its cash-cow Ford Pro commercial vehicle and Super Duty truck business.

A bumpier-than-expected adoption curve of electric vehicles — because of their cost and availability of charging infrastructure, as well as a regulatory rollback — has resulted in delays in products and a reallocation of resources from future EV programs.


Shell Shutters Its Volta EV Charging And Media Division

Shell is shutting down Volta, the EV charging and media network it bought in 2023 for $169M. The company will dismantle more than 2,000 charging stations this year and lay off around 190 employees.

Volta’s model combined EV charging with ad screens to generate extra revenue, but it was losing about $140M annually and couldn’t meet sales targets. Shell reportedly tried to sell the business but found no buyer.

The decision marks a shift in Shell’s EV strategy toward high-speed charging at its own branded stations and hubs, rather than maintaining a separate ad-driven network.

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