Electric Vehicles

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Emissions-Free Truck Prices Need to Drop by 50% to Compete With Diesel, Study Says

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By Reuters FRANKFURT, Sept 11 (Reuters) – Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets. Less than 2% of the EU’s heavy freight …

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Thieves Hunting for Copper are Vandalizing EV Chargers

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Nearly 20% of U.S. public charging attempts ended in failure, with roughly 10% of those aborted sessions were due to a damaged or missing cable Bloomberg News Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc. will make his way to …

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White House Touts $1 Billion Fund to Help Auto Suppliers Retool for EVs

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(Reuters) – Investment firm Monroe Capital LLC said on Monday it plans to launch a fresh fund of up to $1 billion to provide loans for smaller auto suppliers as the industry shifts from gasoline-powered to electric vehicles. The White House said the fund would “facilitate access to lower cost capital for small- and medium-sized …

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China’s Global Battery Ram Will Be Hard to Stop

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By Katrina Hamlin HONG KONG, Sept 6 (Reuters Breakingviews) – China’s electric cars have zoomed into a new era of battery-powered driving. Now models such as BYD’s (002594.SZ) Seal and Great Wall Motor’s (601633.SS) Funky Cat face an international backlash. The U.S. is quadrupling duties on imports of electric vehicles from the People’s Republic to …

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California’s EV Dreams Face an Awkward Reality

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The state leading in vehicle electrification reckons with the costs of the energy transition and who pays for it. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.   California wants …

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P-I-V-O-T: Ford Pulls Back Further fFom EVs With $1.9 Billion SUV Pivot

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The actions amount to further pullback by chief executive Jim Farley, who initially accelerated Ford’s shift to EVs Bloomberg News Ford Motor Co. is recalibrating its electrification strategy yet again, cancelling plans for a fully electric sport utility vehicle in a shift that may cost the carmaker around US$1.9 billion. In addition to scrapping an all-electric three-row SUV …

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A New Wave of Electric Vehicles Are Ready to Charge at 70 MPH

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Stellantis and Mazda are among the automakers offering an antidote to range anxiety: onboard generators (the gas kind). Despite a parade of electric vehicles that can travel more than 300 miles on a charge, range anxiety remains a major hurdle to widespread adoption particularly in the US. There is, however, a “no-duh” antidote to allay fears of …

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Tesla Stages US$386-Billion Comeback as Musk Focuses on AI

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Tesla stages US$386-billion comeback as Musk focuses on AI The chief executive managed to get investors to pay more mind to the automaker’s AI potential than its sluggish sales Bloomberg News This year has been a testament to Elon Musk’s ability to lead Tesla Inc.’s shares into and out of trouble. It’s been a volatile time even …

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Tesla Goes on a Hiring Spree after Musk-Ordered Mass Layoffs

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Positions span artificial intelligence specialists to more run-of-the-mill service jobs Bloomberg News Tesla Inc. is looking to hire nearly 800 new employees, three months after chief executive Elon Musk hastily ordered the largest round of layoffs in the company’s history. The roles have steadily popped up on Tesla’s careers page in recent weeks, with positions spanning artificial intelligence specialists to …

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Polling Shows Likely Voters Nationally and in Battleground States Solidly Oppose Biden-Harris Gas-Car ban and Consider the Issue ‘Important’ for 2024

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Washington, D.C., July 10, 2024 (GLOBE NEWSWIRE) — New polling conducted nationally and across eight presidential and senate battleground states shows strong opposition among likely voters to government policies designed to ban new gas-powered vehicles and, further, that supermajorities of likely voters say this policy issue will be important to them when deciding which elected officials to …

Polling Shows Likely Voters Nationally and in Battleground States Solidly Oppose Biden-Harris Gas-Car ban and Consider the Issue ‘Important’ for 2024 Read More »

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