The Innovation Report
Younger Affluent Americans Are Driving Demand For Electric Vehicles
Electric vehicle (EV) ownership and purchasing intent are markedly higher among younger affluent Americans than their older counterparts, according to the Forbes Research 2025 Mass Affluent Survey, conducted between May and June. Our study surveyed individuals meeting...
Republicans To Make U-Turn On Federal Commitment To EVs For The Postal Service
A year after being lauded for its plan to replace thousands of aging, gas-powered mail trucks with a mostly electric fleet, the U.S. Postal Service is facing congressional attempts to strip billions in federal EV funding. In June, the Senate parliamentarian blocked a...
Ford Announces $5B Push Toward EVs
The automaker's investing another $5 billion in its electric vehicle business, hoping to drive much-needed sales growth while simultaneously fending off would-be Chinese competitors. The company made the announcement last week. And, kudos. Most long-term shareholders...
US Hikes Steel, Aluminum Tariffs On Imported Appliances, Railcars, EV Parts
The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and...
USDA Ends Programs For Solar, Wind Projects On Farms
The U.S. Department of Agriculture will no longer support solar and wind projects on productive farmland, said Agriculture Secretary Brooke Rollins in a post on X on Monday. The move is the latest in a series of actions by the administration of President Donald Trump...
SpaceX Partners With Astronomers To Protect Radio Astronomy From Satellite Interference
An automated data-sharing system co-developed by SpaceX and American radio astronomers promises to protect radio telescopes around the world from disruptive interference from satellites in low Earth orbit (LEO). Big constellations such as SpaceX's Starlink bring...
Honda Teams Up With AI Experts to Develop Self-Driving Vehicles
Japanese automaker Honda has just made a big announcement that could dramatically change its products within the next few years. The automaker, known for its bestselling vehicles like the CR-V, Civic, and Accord sedan, announced that it is formally partnering...
Quebec City Turns To Artificial Intelligence To Reduce Traffic
Quebec City has started synchronizing traffic lights with the use of Google's artificial intelligence — technology the city says will improve traffic flow, reduce congestion and lower greenhouse gas emissions. According to Google Canada, Quebec City is...
Armed Drones To Be Deployed At Schools To Stop Mass Shooters
With more than 60 school shooting incidents reported in Florida alone since 2018, according to the K-12 School Shooting Database, educators and lawmakers have urgently sought innovative approaches to school safety. The introduction of attack drones, designed to...
MIT Scientists Are Developing AI For Humanoid Robots
We've all seen what artificial intelligence can do on our screens: generate art, carry out conversations and help with written tasks. Soon, AI will be doing more in the physical world. Gartner, a research and advisory firm, estimates that by 2030, 80% of Americans...
