Ford, an early backer of Rivian, posted a $3.1 billion loss, due to the EV startup’s shares sliding since its November IPO, according to CNN. Ford invested around $500 million into Rivian, and while the EV automaker was technically one of the most valuable automakers even before reporting any sales, the startup’s stock has been […]
The first round of reviews for the GMC Hummer electric vehicle (EV) hit the web this month, with some of them even selling for as much as $250,000. Bidding wars over GMC’s Hummer EV saw two of the electric pickups selling for over $250,000 each, one of which sold for $260,420, according to electrek. The […]
Swedish electric vehicle (EV) maker Polestar on Wednesday announced several new features and design updates for the Polestar 2, along with advancements in sustainable sourcing of raw materials for the sedan. “We have revisited materials and processes that go into making Polestar 2, introducing updates that reduce the climate impact and increase material traceability of […]
Lucid Motors announced a deal with the Government of Saudi Arabia for the sale of 100,000 EVs, as detailed on Tuesday in a press release. The sale of the vehicles will take place over a ten-year period, with an initial commitment starting with the first 50,000 vehicles, then followed by the rest. Saudi Arabia’s government […]
Reservations for the Solterra EV from Subaru launched in February for just a $250 deposit, and this week the automaker has unveiled pricing for the electric SUV. Subaru shared pricing for the Solterra SUV, starting at $44,995 for the Premium trim before the $7,500 federal tax incentive and the $1,225 destination fee, according to the […]
Ford CEO Jim Farley took the stage on Tuesday at a launch event for the F-150 Lightning, the veteran automaker’s first-ever all-electric pickup truck. Farley also touched upon Ford’s future during the event, reiterating that the company plans to produce 2 million electric vehicles (EVs) per year by 2026 and eventually challenge Tesla for the […]
Ford began producing the F-150 Lightning on Tuesday, the legacy automaker’s first-ever all-electric pickup truck, according to the American automaker. Production of the Ford F-150 Lightning is taking place at the automaker’s historic Rouge Complex in Michigan, where the company has established a moving assembly line. Ford Executive Chair Bill Ford called the electric pickup’s […]
Deutsche Bank called NIO the top electric vehicle (EV) maker in China in 2022 earlier this year, and the automaker surpassed an important milestone earlier this week. NIO’s 200,000th mass production vehicle rolled off the production line on Tuesday, according to a post from @42how_. The news was celebrated inside NIO’s factory with a banner […]
2022 Chevrolet Corvette Stingray General Motors (GM) will produce electric versions of an iconic sports car, a move which has been alluded to over the past few years. GM plans to produce an electrified Chevy Corvette next year, before producing a completely battery-electric version of the classic sports car, according to statements from President Mark […]
As Ford prepares to launch the electric F-150 Lightning this week, one executive at the automaker is noting how significant the shift to an electric version will be. Ford Executive Chair Bill Ford, 64, called the F-150 Lightning launch the most important vehicle launch of his career, noting that it’s seeing his 43-year journey with […]
The British government has proposed changes to the country’s Highway Code that would allow people in self-driving cars to watch TV on their vehicles’ built-in screens while on the road — reports BBC News. The planned changes to the code are expected to be approved over the summer. Drivers will be required to be ready to […]
Transport Canada on Friday announced updates to the federal Incentives for Zero-Emission Vehicles (iZEV) Program designed to expand eligibility criteria for rebates to a wider selection of cars. According to the Government of Canada, the iZEV Program has already helped Canadians purchase or lease over 141,000 new zero-emission vehicles (ZEVs) since its inception in 2019. […]
Herbert Diess, CEO of veteran German automaker Volkswagen, recently sat down with Lesley Stahl for an interview on CBS‘s 60 Minutes. The two started off by talking about Volkswagen’s production and supply chain woes amidst Russia’s ongoing invasion of Ukraine. Last month, Volkswagen delayed the ID.5 electric vehicle (EV) to May after the war cut […]
As electric vehicles (EVs) become the forefront of humanity’s fight against climate change, even ambitious targets from countries like Canada are proving hard to reach — despite popularity for the zero-emission vehicles continuing to increase. Canada still won’t meet EV sales targets by the end of this year, despite boasting a 60 percent increase in […]
Ford’s luxury automobile brand Lincoln is now jumping into the electric vehicle (EV) race with a new teaser showing off upcoming car concepts. Lincoln shared a teaser video of the upcoming Star concept vehicle on Wednesday, as well as detailing some of its EV plans. In particular, Lincoln says it plans to release three fully-electric […]
