Search Results for: SOLO

The company’s flagship electric vehicle, the Solo, is positioned to revolutionize commuting, delivery and shared mobility. The company’s plans to mass produce electric vehicles in the near future, combined with its 61-year history of automotive design, manufacture and delivery, significantly differentiate it from other electric vehicle producers. ElectraMeccanica has received pre-order bookings through an online … Continue reading “ElectraMeccanica Vehicles Corp. Ltd. (NASDAQ: SOLO) Focuses on Urban Commuters with Solo Single-Seat EV”

Combating battery electric vehicle (BEV) fires poses several new challenges for firefighters due to the energy-dense battery packs that power electric cars. EV fires burn much hotter than regular fires and require several times more water to put out, making them a harrowing experience for any firefighter who has come face to face with a … Continue reading “Why EV Fires Pose Unique Challenges to Firefighters”

With President-elect Donald Trump set to assume office in a few days, electric vehicle makers are getting increasingly apprehensive about their future. Unlike President Biden, Trump is staunchly opposed to climate action and has vowed to eliminate the $7,500 federal tax subsidy that has facilitated tens of thousands of EV purchases over the past half-decade. … Continue reading “EV Makers’ Forecasts Clouded as “Trump Effect” Brings Uncertainty to the Industry”

Recent data has revealed that China’s share of the worldwide electric vehicle market has surged to 76% thanks to robust domestic demand. The East Asian country has made significant investments in its EV sector over the past decade and is now reaping the results in the domestic and foreign markets. Even though import tariffs in … Continue reading “China’s Global EV Market Share Reaches 76%”

The ongoing U.S. elections could be a turning point for American electric vehicle firm Tesla and its controversial CEO Elon Musk. The billionaire has thrown his support behind presidential candidate Donald Trump and has reportedly spent more than a million dollars on Trump’s campaign. With Trump reversing his previously antagonistic stance on battery electric vehicles … Continue reading “What Tesla Could Lose or Gain if Trump Becomes US President”

A senior European Union (EU) official has revealed that the European Commission is willing to continue talks with China about electric vehicle import tariffs, even after the EU imposes such tariffs. The commission launched an antisubsidy probe into Chinese EVs several months ago to determine if China’s electric vehicle subsidy program gave its automakers an … Continue reading “EU Signals Willingness to Continue Talks with China about EV Tariffs”

Lucid Group Inc. has unveiled three affordable battery electric vehicles to challenge Tesla’s market dominance by appealing to the average driver. Tesla’s Model 3 and Model Y EVs are among the most popular electric cars in the Unites States; they regularly land on annual best-selling lists. Lucid, on the other hand, has been praised for … Continue reading “Lucid Motors Unveils Trio of Affordable EVs to Take on Tesla”

Luxury high-performance sports car carmaker Porsche has announced that it is abandoning its electric vehicle targets due to sluggish EV demand. Porsche is the latest in a growing list of established automakers that made ambitious electrification plans but have been forced to scale back amid falling electric vehicle demand and slowed EV uptake. With consumers … Continue reading “Porsche Drops EV Targets Amid Sluggish Demand”

New research has revealed that electric-vehicle demand among American drivers has waned for the first time in four years. The research confirms what many automakers have been experiencing for the past several months: the nascent EV industry is losing the steam it has gathered over the last decade. According to PEW Research, only 3 out … Continue reading “PEW Research Confirms Waning EV Interest Among Americans”

The recent drop in electric vehicle demand that has left many automakers rethinking their electrification plans may be short-lived. New data shows that while the drop in EV sales may have forced major carmakers such as General Motors (GM) and Ford to scale down their plans amid mounting losses in their electric car divisions, the … Continue reading “US Data Suggests EV Demand Slowdown Could Be Shortlived”