L.A. Auto Show: Automakers are revving up electric SUVs to solve a sales problem [Los Angeles Times (CA)]
TrueCar, Inc. (TRUE)
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Source: Los Angeles Times
Automakers have a sales challenge: How can they persuade U.S. car buyers, addicted to gas-guzzling SUVs, to start buying electric vehicles in quantity? Their solution is on display at this year’s Los Angeles Auto Show, which opens to the public today: Build battery electric SUVs. Despite rollbacks in U.S. emissions requirements and the presence of global climate change deniers in the current U.S. administration, a growing number of the world’s carmakers will arrive at the 10-day automotive marathon sporting SUVS and smaller crossover utility vehicles, or CUVs, that are either pure battery electric vehicles (BEVs) or plug-in hybrids (PHEVs). This is no anomaly, and isn’t a matter of carmakers building “compliance cars” to satisfy emissions standards. These are production cars, in starkly increasing numbers. Next year, they’ll be bringing far more of them. “It’s been a dribble, or a trickle, but now it’s turning into a flood,” said Eric Lyman, an analyst for the automotive information a
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TRUE
Earnings
- 11/6/24 - Beat
TRUE
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- TRUE's page on the SEC website