Supercar builder Rimac is launching a battery energy-storage business. The new business unit, called Rimac Energy, will leverage the company's EV expertise for stationary energy-storage systems, starting with pilots with select customers, according to a company press release. It's a new avenue for Rimac, which previously launched the Concept_One... Rimac taps its electric supercar smarts for energy storage tech
Supercar builder Rimac is launching a battery energy-storage business. The new business unit, called Rimac Energy, will leverage the company's EV expertise for stationary energy-storage systems, starting with pilots with select customers, according to a company press release. It's a new avenue for Rimac, which previously launched the Concept_One... 
The UK firm Electrogenic is launching an EV conversion kit for the classic Mini that the company claims will bolt directly in. Due to go on sale this fall, the kit will retail for 15,000 pounds—equivalent to about $19,000 at current exchange rates—before the cost of a donor car. Keeping in mind that $30,000 is generally considered a... 
Toyota and Hyundai this week announced plans to broaden their respective U.S. hydrogen fuel-cell semi truck projects. The Japanese automaker has been collaborating with truck maker PACCAR for several years on fuel-cell test vehicles, but on Tuesday it an announced an expansion of the joint effort aimed at pushing fuel-cell trucks toward... 
Toyota "has been the laggard" on electrifying its U.S. lineup, but is now "fully committed," White House senior advisor John Podesta said in an interview with Reuters published Tuesday. Podesta said he met with senior officials from the automaker, including chief scientist Gill Pratt, who is one of the executives who even around the time of... 
The next-generation electric Mini will add more space, and potentially more driving range, in an upcoming redesign, the brand revealed Thursday. The redesigned Mini Cooper Electric, as it's referred to in a press release from Mini parent BMW, is expected to arrive for the 2025 model year. In addition to a replacement for the current Mini Cooper... 
The Fisker Ocean electric SUV will get swappable batteries from startup Ample by 2024, Fisker announced Tuesday. But the partnership will target fleets initially. "With today’s announcement drivers can now look forward to a combination of award-winning design and affordability in the Fisker Ocean," a company release said, "powered by the... 
Consumer interest in used EVs is on the rise, with some of the most popular gasoline cars getting traded in for EVs, according to data compiled by retailer CarMax. Search traffic for terms containing "electric" on CarMax's website doubled between February 2022 and February 2023, with a peak 5.6% of searches containing "electric," in October 2022... 
Costco is offering members a $2,500 discount on the Volvo XC40 Recharge and C40 Recharge—the Swedish automaker's two all-electric models. The discount is available on 2023 and 2024 models between May 2 and July 31, according to a company press release. A $1,000 incentive is also available for all other 2023 and 2024 Volvo models. The... 
Despite strong EV sales growth, the ratio of U.S. car shoppers uninterested in buying an EV is increasing, according to a new J.D. Power survey. "Top-line metrics on overall EV market share, availability and affordability have been on a long-term upward trend," J.D. Power said in a statement, "but beneath those headline numbers we are starting to... 
Lordstown Motors on Monday warned that Taiwan's Foxconn may be looking to back out of a crucial funding deal that would keep the electric truck maker running—and that it might go bankrupt if the issue isn't resolved. In a regulatory filing first reported by CNBC, Lordstown said it received a letter from Foxconn on April 21 alleging that the...