U.S. EV sales jumped nearly 20% in August to over 130,000—the second-highest month on record. Ford is investing $2 billion to modernize its Louisville assembly plant, while GM’s Silverado EV Work Truck set a record with 1,059 miles on a single charge. And the U.S. DOT streamlined its NEVI program to ease state funding applications. Still, GM’s CFO warned that EV profitability is shrinking. Learn more in this edition of Market Moves.
— Theresa Houck, Senior Editor-at-Large
