Senator Joe Manchin this week introduced a bill seeking to delay federal EV tax credits, claiming the Treasury Department isn't adhering to recently enacted rules.
The federal tax credit of up to $7,500 for qualifying vehicles was re-upped under the Inflation Reduction Act (IRA) passed last year, but with added requirements including one that EVs…
WIRED said 12 months ago that 2022 was going to be a pivotal year for electric cars. Judging by the 18 models we told you to watch out for, as well as the increasingly long wait lists for new electric vehicles, we were right. Despite those wait times, the trend of growing EV and…
The Tesla Energy business consistently grows and the fourth quarter was not an exception, with especially strong results in the battery energy storage segment. According to the company, Tesla Energy generation and storage revenues increased 90 percent year-over-year to $1.310 billion (5.4% of the total revenues), while the cost of revenues stands at $1.151…
Audi has saved the most intriguing—and arguably, most American—of its four sphere concepts for last: an electric pickup.
Well, sort of. The Activesphere concept is “a master of metamorphosis,” as Audi puts it—a coupelike hatchback with an elongated roofline, in which the entire rear section folds horizontally, then opens up to a cargo bed that’s…
After going remote at the start of the Covid-19 pandemic, CES returned to Las Vegas in 2022 for a hybrid experience. Many companies opted to continue virtually attending the annual consumer trade show. Even though CES 2023 is not expected to recapture the entire grandeur of years past, the Consumer Technology Association (CTA) that hosts the…
Tesla will continue to cut the costs of its electric models and will push for higher production rates in the near future, the company said in the Q4 2022 shareholder letter published today. The statement comes after massive price drops throughout Tesla’s lineup of electric vehicles around the world, a move which sent shockwaves…
Tesla has confirmed a $3.6 billion expansion of its Nevada battery "Gigafactory" that the company claims will supply over one million EVs annually.
The investment will add 3,000 new jobs and two new factories at the Sparks, Nevada, site, Tesla said in what reads as a press release—with a few more details confirmed as part…
Proof, if it were needed, of just how much of CES has become an auto show landed at the 2023 opening keynote, which was hosted by BMW and featured its color-changing i Vision Dee concept. Sidekicks wheeled out onto the stage included Herbie, KITT, and, yes, Arnold Schwarzenegger. Once the show itself got underway,…
Honda Motor Company has announced organizational and operational changes at its car making business aimed at strengthening and speeding up electrification. Effective April 1, 2023, Honda is creating a new division suggestively called Electrification Business Development Operations, aimed at consolidating the company's electrification strategy across its automobile, motorcycle and power products divisions. …
Polestar has announced a comprehensive drive-system refresh for its Polestar 2 hatchback that boosts range and efficiency. It includes new motors, a slightly larger battery pack for some versions and, probably to put it best, a change in priorities.
Amid a comprehensive refresh for its drive system, Polestar is switching its single-motor models from front-wheel…