Mar 4, 2025 | Auto Industry, Auto Tech, Space
In January, Toyota said its mobility software subsidiary “Woven by Toyota” was investing $44 million into Japanese rocket maker Interstellar Technologies. Rival Honda has been developing a proprietary reusable rocket since 2019 to...
Feb 20, 2025 | Auto Industry, Electric Vehicles, Featured
Nikola has filed for Chapter 11 bankruptcy protection months after saying that it would likely run out of cash early this year. Nikola was a hot start-up and rising star on Wall Street before becoming enmeshed in scandal and its founder was convicted in 2022...
Feb 13, 2025 | Auto Industry, Electric Vehicles, US Economy
In January, Ford set new records for overall electric vehicle sales and for Mustang Mach-E sales. Last month, the American automaker sold a total of 5,666 EVs stateside–a 21.2% increase over the same period last year. The Mustang Mach-E electric...
Jan 30, 2025 | Auto Industry, Electric Vehicles
Global sales of fully electric and plug-in hybrid vehicles will rise by at least 17% this year to over 20 million cars, helped by an extension of China’s auto trade-in subsidies, research firm Rho Motion forecast on Tuesday. Europe, the world’s...
Jan 30, 2025 | Auto Industry, Electric Vehicles
After a strong sales year in the US, Honda is aiming for a bigger share in its most important market, which accounts for roughly a third of the Japanese automaker’s sales. After a slow start, Honda is looking to catch up in the EV market. Although sales of its first...
Jan 23, 2025 | Auto Industry, Electric Vehicles
“The new administration presents challenges in the near term,” said Bassem Ammouri, chief operating officer of EV Connect Inc., which provides EV charging management software and services. A $7,500 tax credit for purchasing an EV may be on the chopping...
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