EVs

Cadillac appears to be eating into Tesla’s customer base.The automaker told Business Insider it’s seen a rise in Tesla owners switching to its EV brand. The company said its EVs have a conquest rate of about 75% — or the percentage of sales coming from customers switching brands — with…

Rivian and VW are teaming up to build more affordable EVs, but that doesn’t mean they’re planning to skimp on high-tech features.The Tesla rival is partnering with Volkswagen to develop a $22,500 electric car, and Wassym Bensaid, the company’s chief software officer, said the upcoming EV won’t compromise on tech…