NewsRoom Articles - Page 35 of 122

WednesdaySep 13, 2023 1:07 pm

Upcoming Book Reveals How Musk Was Persuaded to Make $25,000 Mass Market EV

An upcoming book by Elon Musk’s biographer will detail Tesla's long and bumpy road to the development of a $25,000 mass-market electric vehicle. The road to Tesla’s affordable mass market EV has been a bumpy one, autobiographer Walter Isaacson says, and Musk often put roadblocks ahead of his own plan. In a recent interview with Axios, Isaacson revealed that Musk vetoed his own plan for an affordable electric car repeatedly in favor of robo taxis. It was only when Tesla executives who weren’t as enthusiastic about robo taxis convinced Musk to hedge his bets on both affordable EVs and robo…

TuesdaySep 12, 2023 10:27 am

Tesla Rolls Off Two Millionth EV from Shanghai Gigafactory

American EV maker Tesla recently celebrated the production of its two millionth battery electric car at Gigafactory 3 in Shanghai. Tesla began manufacturing EVs at the Shanghai plant in 2019, and the company uses the facility to produce the Model 3 as well as the best-selling Model Y. With a reported production capacity of more than 750,000 units per year, the Shanghai facility quickly became one of the largest electric vehicle production facilities on the globe. Tesla started building Gigafactory 3 in January 2019, and after a faster-than-usual construction period, the company began producing the Model 3 at the facility…

MondaySep 11, 2023 1:29 pm

Mercedes Announces New Concept Cars with Superior Range to Tesla EVs

Mercedes-Benz has unveiled new concept electric cars with the potential to surpass Tesla EVs in range. The German automaker says the “close-to-production’” concept EVs have a range of more than 466 miles per charge, exceeding the average 388-mile range for Tesla electric cars by nearly 80 miles. Electric cars with superior range will be key to addressing range anxiety, one of the largest barriers to electric vehicle adoption in the American EV market. The Biden administration has invested billions of dollars into building a wide network of reliable charging stations, but that will likely take several years to achieve. In…

FridaySep 08, 2023 1:49 pm

Ingredient in Toothpaste Could Boost EV Range

Argonne National Laboratory scientists have found a fluoride electrolyte that could potentially improve the range and performance of next-generation electric vehicle batteries by enhancing EV battery energy density and extending battery lifespan. Sodium fluoride is a fluorine compound that acts as a raw ingredient in many toothpaste brands, thanks to its ability to protect teeth from decay. A recent study involving the fluorine compound has uncovered previously unknown applications for fluorine-containing compounds that could revolutionize the nascent electric vehicle sector. Electric vehicles represent the next era of vehicular transportation characterized by low to zero-emission transportation largely powered by clean energy.…

ThursdaySep 07, 2023 3:37 pm

Biden Admin Avails $15B for Retrofitting Legacy Car Factories with EV Tools

The Biden administration will provide automakers with funding worth $15 billion to retrofit legacy car manufacturing factories into electric vehicle and EV battery-production facilities. A recent announcement from the U.S. Department of Energy (DOE) revealed that the administration would issue $15.5 billion in loans and funding for the “retooling of existing factories” to aid in the transition to electric cars. Furthermore, the move will provide much-needed capital for established automakers as their key products (internal combustion engine cars) become obsolete in an increasingly electric market. The funding may keep thousands of people in the automotive sector employed as the industry…

WednesdaySep 06, 2023 12:19 pm

Rivian CEO Urges Those Still Buying New ICE Cars to Rethink Their Purchases

The CEO of electric vehicle company Rivian Automotive Inc. (NASDAQ: RIVN) R.J Scaringe isn’t particularly pleased with consumers who are buying new internal combustion engine vehicles (ICE). During a recent conversation with Heatmap’s Robinson Meyer, Rivian’s top executive likened purchasing a new ICE car to “building a horse barn in 1910.” Scaringe suggested that such consumers were turning a blind eye to the incredible progress being made in the nascent electric vehicle space and will likely regret their purchase a few years down the line. Electric vehicles are poised to replace ICE cars as the top means of road transportation…

TuesdaySep 05, 2023 12:22 pm

23 Countries Reach 5% Tipping Point for EV Adoption

Twenty-three nations across the globe have reached the critical 5% electric vehicle adoption rate that signals the start of mass adoption. Data shows that countries reaching this tipping point of adoption are seeing accelerated rates of electric vehicle adoption, including 55% growth in median EV sales in the last quarter compared to 2022. Transitioning to electric vehicles was never going to be an easy task. Conventional petrol and diesel-powered cars have been around for more than a century and are the most dominant form of transport around the world. Most countries in the West have also built up vast infrastructure…

FridaySep 01, 2023 1:14 pm

EV Leasing Offers US Car Buyers an Affordable Option

Leasing is quickly cementing itself as the cheapest way for most American drivers to access electric vehicles. Even though polls have revealed that plenty of U.S. drivers are interested in switching to battery electric vehicles (BEVs), high purchase costs prevent them from making the move. With outright EV purchases out of reach for many drivers, many are turning to leases to get a taste of electric vehicle technology without having to shell out tens of thousands of dollars. Leasing allows them to rent electric cars for only a few thousand dollars per year, making it a significantly cheaper option for…

ThursdayAug 31, 2023 1:58 pm

High EV Prices Could Derail Europe’s Vehicle Electrification Ambitions

Experts warn that high electric vehicle prices in European nations could derail the EU’s plan to transition from petrol and diesel-powered cars to battery electric vehicles (BEVs). As part of global efforts to limit fossil fuel use and combat climate change, the European Union has pledged to phase out internal combustion engine (ICE) vehicles for BEVs. BEVs are powered by rechargeable lithium-ion battery packs and produce zero emissions at the tailpipe, making them cleaner alternatives to conventional vehicles. However, prohibitively high electric vehicle prices have kept many drivers from transitioning to EVs since the industry’s inception and have the potential…

WednesdayAug 30, 2023 2:54 pm

Affluent Auto Collectors Are Increasingly Electrifying Their Classic Cars

Rich vehicle collectors are increasingly converting their classic internal combustion engine vehicles into electric cars. During the recent luxury car show in Monterey, California, certain affluent auto collectors exhibited a variety of electrified classic cars as part of their collections, indicating the growing trend of electrification amid wealthy vehicle collectors. Electrifying diesel and petrol-powered cars has been around since the early 2000s, when workshops and garages began equipping old cars with jerry-rigged batteries and electric vehicle systems. Long before the global electric vehicle revolution began, car engineers and enthusiasts had determined some of the benefits provided by electrification and were…

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