Search Results for: Lucid

The Internal Revenue Service has unveiled a portal that will allow prospective electric vehicle buyers to access EV tax credits at the point of sale. Car dealers can now dole out EV tax credits of up to $7,500 when customers on-site buy electric cars by registering with a website called Energy Credits Online. This could … Continue reading “IRS Unveils Portal Allowing Dealerships to Give EV Buyers Access to Tax Credits”

Japanese automakers are poised to debut a variety of electric vehicle models at an upcoming auto show in a bid to catch up to EV industry leaders Tesla and BYD. Toyota, Japan’s largest vehicle brand, has been slow to take to electrification and is one of the only major automakers with barely any footprint in … Continue reading “Japanese EV Makers to Showcase Upcoming Models at Auto Show”

Animoca Brands has announced it will launch an electric vehicle e-racing offering titled Formula E: High Voltage on Oct. 19, 2023. Developed via a partnership between Aminoca Brands and Amber, the Web3 EV racing game will leverage environmentally friendly blockchain technology to grant players and fans digital ownership of their in-game items. These items will … Continue reading “Game Developer Announces Debut of EV e-Racing Offering”

After nearly a decade of dominating the electric vehicle industry, Western automakers are pushing back against Tesla’s dominance in the high-end EV segment. Patryk Doornebos from Car Triple notes that although Tesla is still a go-to option for drivers interested in high-end electric cars, the segment has seen the introduction of pricey EV models from … Continue reading “Five EV Models the Affluent Have Been Buying”

Just one day after launching a subsidy program for EV solar charging, Germany was forced to stop the subsidy scheme amid booming demand from EV drivers. The plan aimed to subsidize payments for the installation of rooftop solar panels for charging electric vehicles as well as charging and storage points. Funding worth $317 million (300 … Continue reading “Germany Suspends EV Solar Charging Subsidy Due to Overwhelming Demand”

After more than a decade of high electric vehicle prices, oversupply in the nascent EV market is causing EV prices to plummet. Average Tesla prices have fallen by close to 20% over the past year, and other EV makers in other major markets are cutting their prices to remain competitive in an increasingly saturated market. … Continue reading “EV Prices Drop as Inventory Levels Grow”

Electrified roads may be the key to addressing consumer issues with electric vehicle charging and range anxiety. Automakers have spent the past couple of years producing electric cars with increasingly longer ranges, but charging electric vehicles is much less convenient compared to refueling a conventional petrol or diesel-powered car. While EV owners can install private … Continue reading “Electrified Roads Could Address EV Charging Concerns”

Volkswagen has adopted a relatively quick approach to entrenching itself in China, the world’s largest market for electric vehicles. Rather than setting camp in China and building local manufacturing facilities such as Tesla did, Volkswagen has opted to invest in Chinese automaker XPeng gain a foothold in the eastern Asian market. The German carmaker will … Continue reading “VW’s EV Shortcut in China Could Make Rivals Rethink Strategies”

America’s quest to electrify the millions of petrol or diesel-powered cars on its roads has taken an interesting turn as a growing number of U.S. residents have begun adopting electric golf carts, rather than conventional battery electric vehicles, as their daily drivers. Electrified golf carts have become a popular choice for American families looking for … Continue reading “Electrified Golf Carts Find Use as Everyday Vehicles in America”

BYD, the largest electric vehicle manufacturer in the world, has announced that it will construct an industrial complex in northeastern Brazil. Headquartered in China, BYD has surpassed Tesla in sales in its local market and is now threatening to challenge Tesla’s supremacy on the global stage. BYD’s global vice president Stella Li made the announcement … Continue reading “Chinese Companies Make Major EV Investments in Brazil”