Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs linked to its ambitious Asia expansion, although its revenue remained on a rising trend, according to its exchange filing. The company, which started delivering cars…
The automotive industry is undergoing a seismic shift towards electrification, with fully electric vehicles (EVs) poised to overtake hybrid models in the long run. According to a recent report from The Economist, the current surge in hybrid car popularity may…
While wealthy cities like Shanghai and Shenzhen have led electric car adoption, uptake in other areas shows how hard gasoline cars can be to ditch, reports Bloomberg. According to Bloomberg’s report, China’s electric vehicle (EV) revolution is hitting a snag…
Lotus, the British company famous for its lightweight sports cars, has revealed a striking new supercar concept called Theory 1. This isn’t just an electric rebirth of the Lotus Esprit; it’s a showcase of future technologies and a hint at…
Hyundai Motor Company is gearing up for a massive expansion in Georgia, with plans to produce 300,000 electric vehicles (EVs) annually at its new manufacturing complex near Savannah. The South Korean automaker is betting big on rail transport to move…
Georgia Power has struck a deal with Tesla to build a large-scale battery energy storage system (BESS) portfolio, aiming to enhance grid reliability and address resource shortfalls. The agreement, which includes four separate projects totaling 500MW/2,000MWh, will utilize Tesla’s advanced…
Electric school buses are hitting the roads, transforming the way kids get to school. These buses aren’t just cleaner; they’re also quieter and can even power local grids. The first all-electric school bus fleet started operating in Oakland, California, last…
Boston is set to dramatically enhance its electric vehicle (EV) charging infrastructure thanks to a new $15 million federal grant. This substantial funding, announced by the U.S. Department of Transportation, will bolster the city’s Recharge Boston program, with plans to…
A recent crash involving a Tesla Semi truck on a California freeway has prompted a federal investigation into the fire risks associated with lithium-ion batteries in electric vehicles. The incident, which occurred on Monday, has raised concerns about the safety…
Lucid Motors, a rising star in the electric vehicle (EV) market, has revealed ambitious plans to expand its lineup and potentially capture market share from industry leader Tesla. The California-based automaker, currently known for its high-end Air sedan, is setting…
Tesla’s latest color offering for the Model 3 Performance is turning heads at the Century City showroom. The new Quicksilver paint, initially introduced in Europe, has made its way to North American shores, showcasing Tesla’s commitment to innovative aesthetics in…
A Tesla Semi reportedly caught fire early Monday morning, leading to an extended shutdown of Interstate 80 in Placer County, California. The incident, which occurred around 3:16 a.m. near Emigrant Gap in the Greater Sacramento area, has raised questions about…
Electric vehicles are at the forefront of a surge in auto incentives, with manufacturer rebates reaching levels not seen since before the pandemic. Kelly Blue Book reports that these incentives rose to around 7% of the average transaction price last…
Fisker Inc., the bankrupt Southern California electric vehicle maker, has received a subpoena from the Securities and Exchange Commission (SEC), potentially signaling an investigation into the company’s practices. This development, reported by the Los Angeles Times, adds another layer of…
Iowa Attorney General Brenna Bird has spearheaded a coalition of eight state attorneys general in filing a court brief supporting Ohio’s lawsuit against the Environmental Protection Agency (EPA) over California’s electric vehicle mandates, as reported by the Des Moines Register.…
The rise of electric vehicles (EVs) is poised to dramatically alter the global oil industry, potentially leading to volatile prices and accelerated adoption of clean energy technologies. This insight comes from an analysis published in The Conversation, which examines the…
Ford is ramping up its efforts to compete in the affordable electric vehicle market, according to a report from Electrek. The automaker recently presented dealers with renderings of potential new electric models, including sedans, crossover SUVs, and pickups, all aimed…
Porsche SE, the investment vehicle controlled by the Porsche-Piëch family, is eyeing new opportunities in the automotive sector, particularly in electric vehicle (EV) technology, as market valuations decline. This news comes from a recent Financial Times report. Seeking EV Opportunities…
Tesla, the electric vehicle giant, finds itself in a peculiar position as its CEO Elon Musk endorses Donald Trump for president while the company continues to lobby for EV-friendly policies. This curious dynamic, reported by Reuters, highlights the complex relationship…
Rivian, the electric vehicle manufacturer, is making strategic moves to enhance its compatibility with Tesla’s Supercharger network. This development comes as part of a broader industry shift towards adopting Tesla’s North American Charging System (NACS) connector, as reported by Green…
Tesla, the electric vehicle giant, is facing a significant decline in new car registrations in California, according to Business Insider. This downturn marks a potential shift in the EV landscape of the Golden State, long considered a stronghold for Elon…
Tesla, the electric vehicle giant, is facing headwinds in California. According to Reuters, Tesla’s car registrations in the Golden State dropped 24% in the second quarter of 2024, marking the third consecutive quarter of declining sales in this crucial market.…
Tesla has filed a bombshell lawsuit against its former supplier Matthews International, accusing the company of stealing trade secrets related to electric vehicle battery technology and sharing them with Tesla’s competitors. The suit, filed Friday in California federal court, claims…
Self-Driving Tesla Crashes into Parked Patrol Vehicle A Tesla Model S in self-driving mode crashed into a parked police car in Orange County, California, on the same day Elon Musk’s substantial pay package was approved at Tesla’s annual shareholders meeting…
Musk’s Lucrative Compensation Plan Gets Green Light Tesla shareholders have reaffirmed a massive $45 billion pay package for CEO Elon Musk, overturning a court decision that blocked the award. The vote, which took place at Tesla’s annual meeting in Austin,…
Lucid Motors, the luxury electric vehicle (EV) company, is cutting about 400 jobs as the EV industry faces slow growth. According to a recent SEC filing, this layoff round will affect 6% of Lucid’s staff by the end of October,…
PepsiCo Adds 50 Tesla Semi Trucks to Fresno Fleet PepsiCo is boosting its electric vehicle lineup with 50 new Tesla Semi trucks, set to operate from its Fresno, California, facility in the coming months. Key Points “Our fleet electrification is…
A Desperate Bid to Survive Electric vehicle (EV) manufacturer Fisker Inc. is closing its Manhattan Beach headquarters and relocating employees to La Palma, Orange County, as part of an effort to stave off bankruptcy. This move is coupled with a…
Major Job Cuts Hit Tesla in California Tesla has announced significant layoffs in California, cutting over 600 jobs across its manufacturing and engineering sectors. These job cuts are part of a broader reduction strategy the company has been implementing this…
A recent ruling has propelled Tesla into the legal spotlight as a federal judge determined that the company must face a lawsuit alleging fraudulent claims about its self-driving capabilities. The case, brought by California resident Thomas LoSavio, centers on statements…
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