EY’s 2024 Mobility Consumer Index (MCI) survey has revealed a significant drop in consumer interest for electric vehicles (EVs) in the United States. Only 34% of US consumers plan to buy an electrified vehicle as their next car, marking a…
Used Tesla Cybertruck prices have been on a rollercoaster ride this year, but they’re now heading south fast. After peaking at around $185,000 in early April, the average price for a used Cybertruck has dropped to about $117,000 as of…
A solar and battery microgrid featuring Tesla tech has significantly cut diesel reliance and costs on Australia’s Lord Howe Island. According to a new report from the Australian Renewable Energy Agency (ARENA), the system saved over $1.5 million in fuel…
Toyota Motor Corporation, the world’s leading automaker, has significantly scaled back its electric vehicle (EV) production plans for 2026, according to Reuters. This adjustment signifies a notable shift in the company’s EV strategy as the momentum for electric car sales…
Volvo has revised its ambitious plan to sell only pure electric vehicles (EVs) by 2030, now aiming for 90-100% of its global sales to be electrified cars, including both fully electric and plug-in hybrid vehicles. This adjustment comes amidst slower…
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…
BMW is gearing up to introduce its first hydrogen-powered vehicle by 2028, leveraging fuel cell technology developed in partnership with Toyota Motor Corp. The German automaker made the announcement on Thursday, highlighting its commitment to exploring alternative green technologies, according…
Vice President Kamala Harris, once a staunch supporter of federal rules mandating electric vehicle (EV) production, has seemingly changed her stance. According to a recent report by Alex Thompson and Ben Geman of Axios, Harris’ campaign stated that she “does…
China’s top electric vehicle maker, BYD, has decided to put its Mexico factory plans on hold until after the US election, according to a recent report from the South China Morning Post. This move comes as global businesses adopt a…
The 2025 Hyundai Ioniq 5 is set to make waves in the EV market with significant upgrades, including a native Tesla-based charging port and larger battery options. According to The Verge, these changes position the Ioniq 5 as one of…
Volvo Cars has revised its ambitious all-electric target. The Swedish automaker now plans to retain hybrid models in its lineup beyond 2030, adjusting to market realities and consumer preferences, according to Reuters. Volvo Revises EV Strategy Volvo’s updated goal for…
Despite recent reports suggesting a slowdown, electric vehicle (EV) sales are indeed on the rise, albeit not as steeply as initially predicted. JD Power forecasts that by the end of 2024, the U.S. will see sales of 1.2 million EVs,…
