US Government Shells Out $2 Billion in EV Tax Credits, Boosting Electric Vehicle Adoption
The U.S. Treasury has reported a significant milestone in electric vehicle (EV) adoption, with $2 billion in tax credits issued for over 300,000 EVs since January 1st. This surge in EV purchases comes as new point-of-sale tax credit rules took…
BYD Recalls Nearly 97,000 EVs Over Potential Fire Risk
BYD, China’s leading electric vehicle manufacturer, is recalling almost 97,000 EVs due to a manufacturing defect that could lead to fire risks, according to Reuters. The Recall Details The recall affects Dolphin and Yuan Plus models made in China between…
Tesla Rides High on Q3 Delivery Projections and Robotaxi Promise
Deutsche Bank analyst Edison Yu has maintained a Buy rating on Tesla (TSLA) with a price target of $295.00, according to a report from TipRanks. This optimistic outlook stems from Tesla’s anticipated strong performance in Q3 2024 and exciting developments…
BMW Takes the Lead in Climate Innovation at NYC Event
BMW’s Urban-X platform stole the show at Climate Week NYC 2024, showcasing cutting-edge solutions for urban sustainability. The automaker’s initiative, born from its MINI subsidiary, is tackling the infrastructure gap hindering widespread EV adoption head-on, reports Design Boom. BMW, long…
Volvo Taps the Brakes on All-Electric Ambitions, Citing Market Realities
In a surprising turn of events, Volvo, once a trailblazer in the electric vehicle revolution, is now easing off the accelerator on its ambitious all-electric plans. This strategic shift comes as the Swedish automaker grapples with a market that’s not…
EV Sales Hold Steady as Overall Auto Market Slows
Battery-electric vehicles (BEVs) are maintaining their foothold in the US auto market, defying a broader slowdown in new vehicle sales. According to estimates from S&P Global Mobility, BEVs claimed 8% of new vehicle sales in June and July, with September…
US Proposes Sweeping Ban on Chinese Tech in Cars, Citing National Security Concerns
The US Commerce Department has proposed a far-reaching rule that could effectively ban Chinese-developed software and connectivity-related hardware in cars sold in the United States. This move, reported by The New York Times, is part of a broader effort by…
New Cathode Discovery Could Make EVs Cheaper Than Gas Cars
A groundbreaking discovery by researchers at Georgia Tech could revolutionize the electric vehicle industry. The team has developed a new cathode material for lithium-ion batteries that costs just 1-2% of traditional materials with similar capacity. This breakthrough, reported by The…
Chinese EV Giant Nio Pushes Back Against US, EU Tariffs
Nio Inc., a leading Chinese electric vehicle manufacturer, is voicing strong opposition to recent tariff measures proposed by the United States and European Union on Chinese EVs. This pushback comes amidst rising trade tensions and debates over fair competition in…
Siemens Spins Off EV Charging Biz to Juice Up Growth
Siemens is carving out its electric vehicle (EV) charging business, aiming to charge up growth in this booming sector. The German industrial giant announced on Monday that it plans to separate its Siemens eMobility unit, combining it with recently acquired…
Trump’s 100% Tariff Proposal Stirs Debate in Auto Industry
The automotive world is buzzing after former President Donald Trump reportedly suggested imposing a 100% tariff on cars imported from Mexico if he wins the upcoming presidential election. This statement, shared by Sawyer Merritt on X, has sparked discussions about…
Nightview Capital Bullish on Autonomy’s Trillion-Dollar Potential for Tesla
Investment firm Nightview Capital has released a new blog post highlighting the long-term potential of autonomous driving technology, particularly for Tesla. The post, shared by Sawyer Merritt on X, argues that autonomy is “the killer app for real-world artificial intelligence”…
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