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EVgo, a major player in the electric vehicle charging space, saw its stock soar an impressive 61% following a bullish call from J.P. Morgan. This dramatic rise highlights the growing interest and potential in the EV charging market, as reported by Barron’s. J.P. Morgan’s Bullish Stance J.P. Morgan analyst Bill Peterson upgraded EVgo shares from…
Caterham’s pushing forward with its electric sports car plans, tapping Yamaha for some serious EV know-how. The Collaboration The British sports car maker announced it’s partnering with Yamaha to develop its Project V electric sports car. Yamaha’s not just providing the powertrain – they’re also bringing their “vehicle motion control” tech to the table. Tokyo…
Tesla’s 2024 Cybertruck has racked up its fifth recall in under a year, highlighting potential issues with the electric pickup’s design and performance. The most recent recall, affecting 27,185 vehicles, was announced on October 3, 2024, and involves a significant safety concern with the rearview camera system. According to a report Tesla shared with the…
In a bold move that signals a new era of urban mobility, Toyota Motor Corporation is soaring to new heights with a hefty $500 million investment in Joby Aviation’s electric air taxi dream. This groundbreaking announcement cements Toyota’s position as a key player in the race to revolutionize city transportation. A Partnership Reaching New Altitudes…
A recent report from the New York Post has uncovered alarming claims about privacy issues in Chinese-made electric vehicles, specifically those manufactured by BYD. Owners have reported that these EVs might have a hidden feature allowing external parties to listen in on conversations inside the car. The Alleged Backdoor An Australian BYD owner discovered that…
General Motors (GM) has reported a significant boost in its electric vehicle sales for the third quarter of 2024, according to their latest sales results. The automaker’s EV deliveries surged by 60% year-over-year, reaching a record 32,095 units. Record-Breaking Quarter for EVs While GM’s total vehicle sales in the U.S. reached 659,601 units, making it…
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 effect, making it easier for consumers to take advantage of rebates worth up to $7,500…
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 quite as enthusiastic about EVs as initially anticipated, according to a recent report from The…
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