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All new passenger cars will be electric by 2040

Even Exxon Mobil thinks electric vehicles are the future.The oil giant is predicting that by 2040, every new passenger car sold in the world will be electric, CEO Darren Woods told CNBC's David Faber in an interview. In 2021, just 9% of all...

Toyota issues recall for electric SUV following concerns about wheels

Toyota's bZ4X electric sport utility vehicle photographed in Chiba Prefecture, Japan, on Feb. 24, 2022. The Japanese automotive giant has issued a safety recall related to the bZ4X's wheels.Kiyoshi Ota | Bloomberg | Getty ImagesJapanese automotive giant Toyota issued a safety recall for...