Search Results for: Lucid

Electric vehicle repair has the potential to become a multi-billion dollar industry over the next decade. Projections show that the global EV repair service market will experience a compound annual growth rate (CAGR) of 16.7% between 2024 and 2034, with its valuation increasing from $36.2 billion last year to $169.6 billion in 2034. EV repair … Continue reading “The EV Repair Industry Could Reach $169.6bn by 2034”

California-based electric vehicle startup Aptera has unveiled a solar-powered battery electric vehicle (BEV) that can travel 40 miles per day using solar energy alone and is 50% more efficient than electric vehicle giant Tesla. Aptera first hit the news with prototypes that featured a 3-wheel design and incorporated solar panels to supplement the onboard batteries. … Continue reading “New EV Using Solar Can Go for 40 Miles Every Day”

With the year drawing to a close, sales data has revealed that battery electric vehicles (BEVs) claimed an almost 9% share of total light-duty vehicle sales in the U.S. in Q3 2024. According to the U.S. Energy Information Administration (EIA), BEVs, plug-in hybrids, and hybrid electric cars added up to 21.1% of new vehicle sales … Continue reading “Q3 Sees EVs Claiming a 9% Share of US Vehicle Sales”

Bentley has revealed that it wants to become a fully electric brand by 2035, postponing its original plan to electrify its entire vehicle line-up by 2030. The luxury brand first announced the plan to become an all-electric brand in late 2020 as part of the ‘Beyond100’ strategy but it recently unveiled a revised ‘Beyond100+’ strategy … Continue reading “Bentley Sets Target to Be Fully Electric by 2035”

Data collected by the National Insurance Crime Bureau (NICB) has revealed that car thieves aren’t as interested in battery electric vehicles (BEVs) compared to conventional gas-powered cars. Of the more than one million cars stolen in the United States last year, few of them were electric, report experts from the NICB as well as the … Continue reading “US Data Highlights Thieves’ Disinterest in EVs”

Just a week after Canada announced that it was imposing import tariffs on Chinese electric cars, aluminum and steel, China launched a probe into canola exports from Canada. The probe could potentially lead to China placing import tariffs on key Canadian exports and escalate the trade war between the two nations. Canada’s decision to levy … Continue reading “China Probes Canola Imports from Canada in Response to New EV Tariffs”

A recently published study from the American Council for an Energy-Efficient Economy (ACEEE) has revealed that adopting more efficient battery electric vehicles (BEVs) could alleviate stress on power grids and lower charging costs by nearly 30%. The research also notes that increasing the average efficiency of electric cars could cut EV prices by nearly $5,000 … Continue reading “ACEEE Study Shows More Efficient EVs Could Lower Grid Stress, Slash Charging Costs”

Chinese automotive giant BYD and American ride-hailing service Uber have revealed that they are teaming up to put a whopping 100,000 battery electric vehicles on roads in major markets outside the United States. A recent Bloomberg report noted BYD is set to provide Uber with tens of thousands of electric cars to run under its … Continue reading “Uber, BYD to Put 100K EVs on Roads in Major Markets, Excluding the US”

In a move predicted to stoke tensions between the European Union (EU) and China, the EU has levied a 37.6% import tariff on electric vehicles manufactured in China. European Union leaders first announced the provisional tariffs several weeks ago as part of efforts to protect European automakers from Chinese automakers supported by billions of dollars … Continue reading “New EU Tariffs on Chinese EVs Take Effect”

Ford has chosen Long Beach, California,  as the official location for the construction of a plant where the U.S. automaker will develop its new electric-vehicle platform. According to Ford, a Skunkworks team based at the Long Beach facility will be tasked with building affordable electric cars on Ford’s next-generation, electric-vehicle platform. With the U.S. market … Continue reading “Ford to Develop Next-Gen EV Platform at Long Beach”