#volvo-ev-profitability

#volvo-ev-profitability

The headline catalyst is a Front-End Engineering Design contract awarded to Plug Power to supply a 275 MW GenEco PEM electrolyzer system for Hy2gen Canada's 'Courant' project in Baie-Comeau, Quebec. This project will utilize low-carbon electricity from Hydro-Quebec to produce green hydrogen, which will then be converted into low-carbon ammonia and decarbonized ammonium nitrate for use in the mining and agriculture industries.

Lucid delivered a remarkably small number of vehicles in Q1, at 3,903. It produced 5,500. The company blamed much of this on a supplier's lack of inventory, which cost it 29 days of disruption.

In 2025, German car companies earned nearly 44% less than in 2024, with earnings before interest and taxes dropping to just 24.9 billion, the lowest since 2020.

On average, fuel prices are up almost a dollar per gallon, or 25 percent, according to AAA. For a nation as addicted to the automotive as we are, that's bad news. Except, of course, for electric vehicles.

Completed packs will then go into test vehicles. Solid-state batteries, which are widely considered to be the holy grail in the energy storage game, are nearing reality with every passing day. Now, Geely, Volvo's parent company, is accelerating the development of its solid-state cells, with the first completed packs expected to be fitted into working vehicles this year, as reported by China's 21 Finance.

Honda has slashed the price of the 2026 Prologue by $7,500 across the board, essentially replacing the lost tax incentive and making the crossover a much better deal among its peers.

Tesla reclaimed the top spot in Norway's auto market in February as electric vehicles captured more than 98% of all new car registrations. The rebound follows a sharp January slump triggered by VAT rule changes, which prompted numerous car buyers to advance their purchases into late 2025.

"The U.S. and Europe are rather similar, and now the tariffs are okay,"