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Tesla Cybertruck Prices Plummet as New Models Hit the Market
Cybertruck

Tesla Cybertruck Prices Plummet as New Models Hit the Market

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 September 2024, according to CarGurus, a car shopping website. This shift comes as Tesla ramps…

Tesla Battery Powers Remote Island, Slashes Diesel Use and Costs
Tesla

Tesla Battery Powers Remote Island, Slashes Diesel Use and Costs

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 costs in just two years, reports Renew Economy. Island Microgrid Exceeds Expectations Commissioned in 2021,…

Toyota

Toyota Reduces 2026 EV Production Target Amidst Slow Sales Growth

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 begins to slow. Revised Production Goals The Japanese auto giant now aims to produce 1…

Volvo

Volvo Adjusts Electrification Strategy: Aims for 90-100% Electrified Sales by 2030

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 charging infrastructure rollout, reduced government incentives, market uncertainties, and shifting consumer demand, reports Euro News.…

Tesla

Georgia Power Teams Up with Tesla for Massive Battery Storage Project

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 battery technology, according to Energy Storage News. READ MORE: TESLA BATTERY POWERS REMOTE ISLAND, SLASHES…

BMW

BMW Aims to Launch First Hydrogen-Powered Vehicle by 2028

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 to Reuters. This move underscores BMW’s strategy to hedge its bets on which “green” technology…

Harris Drops Support for EV Mandate: A Political Pivot?
Tesla

Harris Drops Support for EV Mandate: A Political Pivot?

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 not support an electric vehicle mandate,” marking a significant shift from her previous positions. A…

China's BYD has overtaken Tesla as the world's best-selling maker of electric cars. In the final quarter of last year, BYD, backed by Warren Buffett, sold 526,409 fully electric vehicles, outpacing Tesla's 484,507.
BYD

BYD Hits Pause on Mexico Factory Plans Ahead of US Election

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 wait-and-see approach due to shifting American policies. Uncertainty in the Air: The US Election Impact…

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