May 16, 2024 | Batteries, Electric Vehicles
Lithium-ion battery prices have dropped nearly 90% since 2008, the year that Tesla released its first electric car. Since batteries are the most expensive part of an EV, that’s a big part of the reason that the cars are finally getting close to price parity with gas...
May 16, 2024 | Electric Vehicles, US Economy
As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Whether your vehicle qualifies or not is a simple yes or no question, but the amount you may...
May 8, 2024 | Electric Vehicles, Europe, Featured
A change at the top of European institutions could herald a change in the 2035 target to phase out sales of internal combustion engine cars even though the automotive industry is already well down the road towards transitioning to electric vehicles....
Apr 25, 2024 | Detroit, Electric Vehicles
Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. Ford, like most automakers,...
Apr 25, 2024 | Detroit, Electric Vehicles, Featured
Ford has thrown down a gauntlet to Tesla by touting its upcoming range of cheap electric cars, as both companies grapple with slowing demand for EVs. CEO Jim Farley confirmed in Ford’s Q1 earnings call that the company is working on new affordable...
Apr 18, 2024 | Electric Vehicles, Featured
Elon Musk has reportedly announced a round of mass layoffs at Tesla, according to Electrek. In an email reportedly sent to employees, the Tesla CEO announced that the carmaker would cut “more than 10%” of its global workforce. Last year, Tesla reported having just...
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