Posts filtered by tags: Electric-vehicles[x]


 

Tesla CEO Elon Musk says he'd be open to merger talks with a rival. 'We'd certainly have that conversation.'

Elon Musk. Aly Song/Reuters Tesla CEO Elon Musk said Tuesday that he would be open to discussing a merger with a rival automaker. "We'd certainly have that conversation," he told Mathias Döpfner, CEO of Business Insider parent company Axel Springer. But Tesla wouldn't launch a "hostile takeover," he said. Tesla faced hostility from its rivals when he started out, Musk said. "They used a lot of adjectives ... I don't think that any of them were positive." Visit Business Insider's homepage f...
Tags: Transportation, Electric Vehicle, Elon Musk, Trends, General Motors, Tesla, Electric Vehicles, Toyota, Merger, Axel Springer, Musk, Mathias, Nissan Tesla, Mathias Döpfner, Axel Springer Business Insider, Döpfner


Elon Musk Says EVs Will Double World’s Need for Electricity

While electric automobiles have numerous advantages over internal combustion vehicles, we’ve often wondered when their disadvantages would be offset to a point that would make sense to have them become the dominant mode of transportation. While there are multiple issues that have to be addressed, one of the largest involves finding a way to source […] The post Elon Musk Says EVs Will Double World’s Need for Electricity appeared first on The Truth About Cars.
Tags: Energy, Elon Musk, Technology, Germany, Tesla, Green, Electric Vehicles, Autos, EVs, Tesla Motors, Gigafactory, News Blog, Tesla Inc


The short-seller that unraveled Nikola's GM deal says another electric-vehicle startup engaged in fraud

Kandi America Hindenburg Research is back with more allegations of fraud.  The short-seller has accused Kandi motors of fake sales and deceptive accounting practices.  In September, a Hindenburg report unraveled electric-truck startup Nikola's $2 billion deal with General Motors, with the two companies eventually agreeing to a scaled-down deal instead. Visit Business Insider's homepage for more stories. Hindenburg Research is looking for a victory lap.After single-handedly unraveling Niko...
Tags: Transportation, News, China, US, Trends, General Motors, Electric Vehicles, Gm, SEC, Epa, Nikola, Kandi, Hindenburg, Tech Insider, Graham Rapier, LTM


Volkswagen unveils 'Mission T' to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen

FILE PHOTO: Volkswagen Group CEO Herbert Diess attends a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai Reuters Volkswagen's CEO is facing a vote of confidence from the automaker's board this week.  Herbert Diess has reportedly ruffled feathers internally as he pushed for corporate change and more investment in electric vehicles.  In a new blog post, he outlined how Volkswagen formed 'Mission T' to take on Tesla and electrify all its brands. Visit B...
Tags: Apple, Transportation, News, Trends, Tesla, Bloomberg, Vw, Porsche, Electric Vehicles, Shanghai, Volkswagen, Audi, Le Mans, Reuters, Volkswagen Group, Herbert Diess


A former Tesla employee who filed a whistleblower tip is paying the company $400,000 for divulging trade secrets, following a 2-year dispute with Elon Musk

Joe Skipper/Reuters A former Tesla employee will pay the electric vehicle firm $400,000 for sharing trade secrets with the press, Bloomberg reported Tuesday. Martin Tripp, a former Tesla process technician, tipped Business Insider off about production delays and scrap metal usage at its Nevada Gigafactory in 2018. Tesla denied the claims. Tesla fired Tripp, and filed a lawsuit accusing him of "willful and malicious" behavior that deliberately intended to injure Tesla's business. Tripp mai...
Tags: Transportation, Elon Musk, Trends, Tesla, Bloomberg, Electric Vehicles, SEC, Nevada, Reno, Whistleblower, Musk, Whistleblowing, Gigafactory, Tripp, Tesla Factory, Nevada Gigafactory


EV bus and truck maker The Lion Electric to take SPAC route to public markets

Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. The combined company, which will be listed on the New York Stock Exchange, will have a valuation of $1.9 billion. The companies raised $200 million in private investment in public equity, or PIPE, and hold about $320 million in cash proceeds. The deal is the latest example of an ele...
Tags: Amazon, Fundings & Exits, TC, Tech, Automotive, Electric Vehicles, Wisconsin, New York Stock Exchange, Nyse, SPAC, Ian Robertson, Lion Electric Company, Canoo, Nikola Corp, Lion Electric, Northern Genesis Acquisition Corp


Millennials Really Do Intend to Buy Cars. Thank the Pandemic.

  Forget all you’ve heard about Millennials (24-39 years old) and their disdain for automobiles. COVID-19 has changed that, as 31 percent of those without a car intend to buy one in the next six months, and 45 percent of them are Millennials. EY, a global leader in assurance, tax, strategy, and consulting services, and […] The post Millennials Really Do Intend to Buy Cars. Thank the Pandemic. appeared first on The Truth About Cars.
Tags: Travel, China, Global, Sales, Green, Industry, Electric Vehicles, Italy, Millennials, Autos, Hybrids, Diesel, New Cars, Fuel Economy, Public Transportation, Hybrid


Nikola's 25% dive is a good buying opportunity because the company's decision to abandon the Badger pickup means it can focus more on semi trucks, JPMorgan says

Nikola has run into trouble before when it comes to claims about its semi truck prototypes. Nikola The 25% sell-off in Nikola on Monday represents a good buying opportunity for investors as the company is no longer distracted by its Badger pickup truck, JPMorgan said.Nikola and General Motors entered into a revised deal on Monday that included the two companies shifting its focus away from the Badger truck and instead towards the Class 7 and Class 8 semi-trucks."We think this is a positive ...
Tags: Finance, Trends, General Motors, Investing, Markets, Electric Vehicles, Stocks, Goldman Sachs, Stock Market, EVs, ESG, Rbc, Jpmorgan, Nikola, Matthew Fox, NKLA


GM No Longer Building Nikola Electric Pickup, Nixes Equity Stake

On Monday, General Motors and Nikola Corp announced a revamped agreement that eliminates an equity stake in the startup for the Detroit automaker and nixed any plan for manufacturing Nikola’s electric pickup truck. This makes the keystone of the revised contract their collaborative work on fuel-cell development, represents a major setback in their partnership, and […] The post GM No Longer Building Nikola Electric Pickup, Nixes Equity Stake appeared first on The Truth About Cars.
Tags: General Motors, Industry, Electric Vehicles, Gm, Autos, Detroit, EVs, Industry News, Badger, Nikola, News Blog, FCEVs, Nikola Corp, Nikola Electric Pickup Nixes Equity Stake


BMW wants to 'redefine the scooter segment' with this futuristic electric concept

BMW Motorrad Definition CE 04. BMW The Definition CE 04 isn't anything like your average Vespa — BMW says the futuristic two-wheeled electric concept will reimagine what scooters can be. It has innovative features like a storage cubby under the seat and a matching riding jacket that connects to the bike.  BMW said the Definition CE 04 is a near-production model and offers a "preview of what a contemporary production vehicle could look like." Visit Business Insider's homepage for more stori...
Tags: Transportation, Trends, Features, Electric Vehicles, Bmw, Electric Motorcycles, Motorrad, Tech Insider, BMW BMW, Tim Levin, BITranspo, Vespa BMW, BMW Motorrad Definition CE


Best Tesla Model 3 alternatives

Tesla isn't the only company producing electric vehicles. Check out these great electric alternatives to the Tesla Model 3 and hit the road with zero emissions.
Tags: Cars, Trends, Tesla, Electric Vehicles, Model 3, Buying Guides, Bolt Ev, Ev


GM is Paying Cadillac Dealers to Ditch the Brand

Cadillac dealers disinclined to spend a sackful of money on revamping their businesses to sell and service electric vehicles received some moderately good news this month. General Motors is willing to issue them fat stacks of cash for stores that cannot rationalize the sizable expense of installing charging stations, training staff, and retooling the garage. […] The post GM is Paying Cadillac Dealers to Ditch the Brand appeared first on The Truth About Cars.
Tags: General Motors, Electric Vehicles, Gm, Autos, EVs, Auto Sales, Cadillac, Dealerships, News Blog, Dealer News, Car Dealer, Automotive Dealership


Nikola surges 29% as GM backs EV regulations and investors speculate a deal between the two companies is near

Nikola Badger. Nikola Electric-truck company Nikola gained as much as 29% on Tuesday after General Motors announced its no longer supporting the Trump administration's efforts to bar California from setting its own emissions regulations. California's authority to set its own fuel regulations will likely boost the EV industry, as will GM's new plan to increase spending on EVs and work with Biden to promote the industry. Investors are also speculating that Nikola and GM are close to reaching ...
Tags: California, Trends, General Motors, Markets, Bloomberg, Joe Biden, Electric Vehicles, Mary Barra, Gm, Biden, EVs, Wall Street Journal, Trump, Barra, Nikola, Electric Truck


Elon Musk has surpassed rival Bill Gates as the world's second-richest person. Here's where their simmering feud began and how it's escalated amid the pandemic.

Elon Musk and Bill Gates. Susan Walsh/AP; Mike Cohen/Getty Images for The New York Times Elon Musk and Bill Gates have been feuding over everything from the coronavirus to electric vehicles. The two moguls don't see eye to eye on electric-car technology. Musk has said Gates doesn't know what he's talking about, and Gates has said he bought a Porsche electric car over a Tesla. This year, Gates and Musk have feuded over the coronavirus. Gates called Musk's comments on the outbreak "outrageou...
Tags: Amazon, Spacex, Elon Musk, Microsoft, Washington, US, Trends, Tech, Tesla, Nasa, Features, Harvard University, Porsche, International Space Station, Electric Vehicles, New York Times


Volkswagen Passat Receives Date of Execution; VW Shifts Production Power Away From Lame Sedan

It’s been five weeks since I opined VW should cancel the Arteon and the North American Passat, and replace both with the European Passat instead. Late last week, Volkswagen complied with part of my request. They must read TTAC! As reported by Ward’s Auto, the Passat will exit Volkswagen’s North American lineup after the 2023 […] The post Volkswagen Passat Receives Date of Execution; VW Shifts Production Power Away From Lame Sedan appeared first on The Truth About Cars.
Tags: Germany, Sales, Industry, Vw, Electric Vehicles, Autos, Crossovers, Volkswagen, EVs, New Cars, Imports, Ward, Volkswagen Passat, Sedans, News Blog, Future Vehicles


Rivian's first batch of electric pickups and SUVs is already sold out as the Amazon-backed EV startup faces production constraints

Rivian has already sold out of its Launch Edition vehicles, the only models it will deliver in 2021. Andi Hedrick/Rivian Rivian opened up the order pages for its R1T pickup and R1S SUV to the public Monday.  The electric-vehicle startup expects manufacturing constraints through the next few years, meaning that most buyers won't receive their vehicles until 2022, Bloomberg reports.  Rivian is accelerating its production ramp-up to meet demand, but launching the R1S, R1T, and an Amazon deliv...
Tags: Amazon, Transportation, News, Trends, Tesla, Bloomberg, Ford, Electric Vehicles, Bloomberg TV, Tech Insider, Electric Pickup, Rivian, RJ Scaringe, Scaringe, Rivian R1T, Rivian R1S


The EPA says the Ford Mustang Mach-E’s electric range is a lackluster 211-300 miles

The EPA just released its findings on the Mustang Mach-E, and it’s a mixture of good news and bad news. Depending on the model, the EPA says the Mach-E is good for just 211 miles to 300 miles on a charge. On the one hand, the Mach-E matched Ford’s range target, with the EPA agreeing with Ford’s range. On the other hand, the range is well under that found in competing vehicles, which puts the Mach-E on its backfoot as it enters the competitive electric vehicle market. Ford dropped the price of th...
Tags: TC, Tech, Tesla, Ford, Electric Vehicles, Epa, Audi, Mustang, Ford Mustang Mach, Polestar, Mustang Mach, Kia Hyundai, Mach-E


Volkswagen's Tesla competitor won't launch in the US until 2021

2021 Volkswagen ID.4. Volkswagen Volkswagen's ID.4, designed to compete with Tesla, won't arrive until 2021, the company told Automotive News. The SUV was originally supposed to launch in select US markets this year, with a 50-state rollout in 2021.  Earlier this year, VW executives warned of an impending European emissions fine that could reach hundreds of millions of euros.  Visit Business Insider's homepage for more stories. The first Volkswagen ID.4's won't arrive in the United States ...
Tags: Transportation, News, California, US, America, Trends, Tesla, European Union, United States, Vw, Electric Vehicles, Volkswagen, CHATTANOOGA Tennessee, Automotive News, Model Y, Tech Insider


Tesla has 104% upside potential in bull-case scenario as global demand for EVs hits tipping point, Wedbush says

Johannes Eisele/AFP via Getty Images Tesla's inclusion in the S&P 500 and its "sustained path to profitability" means the bull story is now all about an acceleration in demand for electric vehicles, according to a note from Wedbush.As global demand for EVs hits a tipping point, Tesla could surge 104% in a bull-case scenario to $1,000, Wedbush said in the note."New designs around Cybertruck and Model Y will further aid growth globally and thus enable Tesla to achieve its million delivery un...
Tags: California, Finance, China, Trends, Markets, Tesla, Joe Biden, Electric Vehicles, Trading, Stocks, Biden, Stock Market, EVs, Goldman, Wedbush, Matthew Fox


GM ups electric and autonomous vehicle spending to $27 billion through 2025

General Motors said it will spend $27 billion over the next five years on the development of electric vehicles and automated technology, a 35% percent increase that exceeds the automaker’s investment and gas and diesel and is an effort bring products to market faster. More than half of GM’s capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs, the company said. The U.S. automaker is also accelerating its go-to-market timeline and addi...
Tags: TC, Berlin, Tech, General Motors, Tesla, Austin, Automotive, Ford, Electric Vehicles, Gm, Panasonic, North America, Northeast Ohio, Parks, Gmc, Gw


G.M. Accelerates Its Ambitions for Electric Vehicles

General Motors says it will increase its investment and model offerings over the next five years “to expedite the transition to E.V.s.”
Tags: General Motors, Electric Vehicles


100-mph Tesla Model 3 crash sends hundreds of scorching battery cells flying, starting a housefire and taking 3 hours to clean up

The Model 3 was going faster than 100 mph when it ran off the road and into a power pole, police said. City of Corvallis Police Department A Tesla Model 3 crashed on Tuesday in Corvallis, Oregon, flinging hot battery cells far from the crash site.  Two of the cells broke through nearby windows — one landed in someone's lap, while the other landed on a bed, catching the bedding on fire.  According to the City of Corvallis Police Department, the driver was speeding in excess of 100 mph and s...
Tags: Transportation, Police, Trends, Tesla, Electric Vehicles, Auto Industry, Tesla Model 3, Corvallis Oregon, Corvallis Police Department, Tim Levin, BITranspo, City of Corvallis Police Department, City of Corvallis Police Department Batteries


100-mph Tesla Model 3 crash sent hundreds of scorching battery cells flying, started a fire in a house, and took 3 hours to clean up

The Model 3 was going faster than 100 mph when it ran off the road and into a power pole, the police said. City of Corvallis Police Department A Tesla Model 3 crashed on Tuesday in Corvallis, Oregon, flinging hot battery cells far from the crash site. Two cells broke through nearby windows — one landed in someone's lap, while the other landed on a bed and caught the sheets on fire, the police said. The Corvallis Police Department said the driver was going over 100 mph and sustained only mi...
Tags: Transportation, Facebook, News, Trends, Tesla, Electric Vehicles, Auto Industry, Tesla Model 3, Corvallis Oregon, Tech Insider, Corvallis Police Department, Tim Levin, BITranspo, City of Corvallis Police Department, City of Corvallis Police Department Batteries


Tesla is on a hiring spree to try to reach 500,000 annual car deliveries, and is recruiting part-time staff because it doesn't have to buy them laptops, according to a report

Tesla Inc CEO Elon Musk. Reuters In the past two months alone, Tesla has hired around 1,000 additional sales and delivery staff across North America, sources familiar with the matter told Electrek. Sales are booming for the electric vehicle company. In October, Tesla posted its most profitable quarter ever. But it must ramp up deliveries if it hopes to reach its 500,000 target for 2020. Tesla is increasingly hiring part-time staff, the sources said. This is because these staff have fewer b...
Tags: Transportation, Elon Musk, California, Trends, Tesla, Electric Vehicles, Shanghai, North America, Electric Cars, The Washington Post, Musk, FREMONT, Alameda County, Electrek, Alameda County California, Fremont Factory


In Review: 2020 Volvo XC90 T8 Plug-In Hybrid

Plug-in hybrids (PHEVs) may be the best choice for those who like electrics but need more range. A PHEV will run on its battery alone after you plug in it, but once that runs out, it'll keep going as long as it has fuel in its tank. Volvo has a few, including my tester, the XC90 T8. Find out more in my review at AutoTRADER.ca. [Author: Jil McIntosh]
Tags: Electric Vehicles, Autos, Sustainable Transportation, Hybrids, Volvo, SUVs, Jil McIntosh, AutoTrader


The UK will ban the sale of combustion-vehicle engines in 2030, a decade sooner than it originally planned

Prime Minister Boris Johnson announced the ban as part of a "green industrial revolution" plan to combat climate change and create jobs. AARON CHOWN/POOL/AFP via Getty Images The UK will ban the sale of new combustion-engine vehicles in 2030, a decade sooner than it originally planned.  The move comes as part of a "green industrial revolution" plan that Prime Minister Boris Johnson laid out Wednesday. It's part of a wider goal for the country to become carbon-neutral by 2050.  The UK also ...
Tags: Transportation, UK, California, France, Trends, Electric Vehicles, United Kingdom, Paris, Mexico City, Boris Johnson, Johnson, Electric Cars, Financial Times, Society of Motor Manufacturers, Tim Levin, Chown


The UK is speeding up its plans to ban the sale of combustion-engine vehicles

Prime Minister Boris Johnson announced the ban as part of a "green industrial revolution" plan to combat climate change and create jobs. AARON CHOWN/POOL/AFP via Getty Images The UK will ban the sale of new combustion-engine vehicles in 2030, a decade sooner than it originally planned.  The move comes as part of a "green industrial revolution" plan that Prime Minister Boris Johnson laid out Wednesday. It's part of a wider goal for the country to become carbon-neutral by 2050.  The UK also ...
Tags: Transportation, UK, California, France, Trends, Electric Vehicles, United Kingdom, Paris, Mexico City, Boris Johnson, Johnson, Electric Cars, Financial Times, Society of Motor Manufacturers, Tim Levin, Chown


US officials are ramping up their investigation into faulty Tesla Model S and Model X touchscreens

The defective touchscreens can result in a loss of the backup camera and other important vehicle functions, the NHTSA said. Cars.com The National Highway Traffic Safety Administration escalated its investigation into defective touchscreens found on some Tesla Model X and Model S vehicles.  The agency upgraded its probe from a "preliminary evaluation" to an "engineering analysis." The issue impacts approximately 159,000 vehicles built from 2012 to 2018, and the next step in the investigatio...
Tags: Transportation, Elon Musk, News, US, Trends, Tesla, Recalls, Electric Vehicles, Nvidia, Air, Electric Cars, Tesla Model S, Tesla Model X, Nhtsa, National Highway Traffic Safety Administration, MCU


Volkswagen's CEO says its latest round of investment in electric self-driving cars will let it finally 'beat Tesla'

Herbert Diess, CEO of German carmaker Volkswagen addresses the media during the annual news conference at the Volkswagen plant in Wolfsburg Reuters Volkswagen is increasingly transparent about how it plans to catch Tesla's lead in electric vehicles. In a conference call Monday with analysts and investors, its CEO outlined an increased and accelerated investment into its electric powertrain and software development.  "The commitment, the investments, and the industrialization plans are ther...
Tags: Transportation, Elon Musk, News, Berlin, Trends, Tesla, Vw, Electric Vehicles, Ubs, Volkswagen, EVs, Wolfsburg, Musk, Ev, Herbert Diess, Reuters Volkswagen


Progress, Thy Name is ZETA: New Electric Vehicle Lobbying Group Hits the Scene

If you think the political class is interested in what kind of policies citizens would like to see implemented, you’ve clearly never heard of lobbying groups. While we’re stuck at home writing thoughtful letters to congressional interns in the faintest hope that they’ll be dictated to a senator, corporately supported lobbyists are taking legislators out […] The post Progress, Thy Name is ZETA: New Electric Vehicle Lobbying Group Hits the Scene appeared first on The Truth About Cars.
Tags: Government, Tesla, Green, Industry, Infrastructure, Electric Vehicles, Autos, Automotive Industry, EVs, Electric Cars, Lucid, Industry News, Lordstown, Zeta, News Blog, Rivian