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MARKET MOVERS

  • Mercedes tries to outdo Tesla with its own EV charging network. Mercedes will begin adding the first stations this year in North America* and later expand to Europe and China, the company said Thursday. The units will have as much as 350 kilowatts of power, enough to add 20 miles of range per minute. Tesla operates more than 40,000 Superchargers, with its V3 stations usually having as much as 250 kilowatts of power.
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  • Ford more than doubles electric vehicle sales as it chases Tesla. The Dearborn, Michigan-based automaker sold 61,575 EVs last year, a 126% surge as it debuted the F-150* Lightning plug-in pickup and E-Transit van. Ford’s overall US light-vehicle sales fell 2.2% to 1,850,925, but that was still enough to give the company a small market share gain of 0.7 percentage points.

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