EV firm Rivian hasn't delivered a single vehicle yet, but the company has raised roughly $5.3 billion since early 2019. Rivian said Friday that it had just closed a $2.5 billion funding round, its first of 2020. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc., a Rivian press release said. The latest funding... Ramping up to electric trucks, Rivian has raised $5.3B since early 2019
EV firm Rivian hasn't delivered a single vehicle yet, but the company has raised roughly $5.3 billion since early 2019. Rivian said Friday that it had just closed a $2.5 billion funding round, its first of 2020. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc., a Rivian press release said. The latest funding... 
Electric cars could deliver even greater environmental benefits if they were to be used by ride-hailing services like Uber and Lyft than if they were to go to private use, according to a new study from the University of California, Davis. Replacing a gasoline ride-hailing vehicle with an EV can deliver three times the carbon reduction of a... 
Electric-car startup Fisker Inc. announced Thursday that it had hired several new executives, and secured $50 million in funding for development of its Ocean SUV, due in 2022. The financing came through a Series C funding round led by Moore Strategic Ventures LLC, the private investment vehicle of Louis M. Bacon, according to a Fisker press... 
The company that made London's iconic black cab greener is now doing the same with delivery vans. London Electric Vehicle Company (LEVC) is using its extended-range electric taxi as the basis for a new van. Called the VN5, it's currently available to order, with deliveries of right-hand drive vehicles for the United Kingdom scheduled to begin... 
Audi is adding a third plug-in hybrid model to its United States lineup. The 2021 Audi A7 55 TFSI e will join the Q5 55 TFSI e crossover and A8 60 TFSI e sedan in U.S. showrooms this fall, the automaker announced Wednesday. The A7 plug-in hybrid uses a 2.0-liter turbocharged inline-4 gasoline engine and 7-speed dual-clutch transmission, with an... 
Here's a textbook case of taking two steps forward, and one step back. The former Smart factory in Hambach, France, became all-electric when the brand dropped its gasoline models, and was initially planned to continue making electric cars for fellow Daimler division Mercedes-Benz. Instead, the factory may build gasoline and diesel SUVs. That's... 
The "highly efficient electric car" Audi said was being developed by its new Artemis team for 2024 won't be a compact vehicle as originally expected, but a large flagship sedan, Autocar reported Monday. The new model has the internal codename E6, but could take on the A9 E-Tron name for production, the magazine reported, citing anonymous sources... 
Canoo won't put its subscription-only electric van on the road for customers until sometime next year, if all goes well, but Jay Leno already got to drive it for a recent episode of his "Jay Leno's Garage" YouTube show. Leno also toured Canoo's Torrance, California headquarters. Founded as Evelozcity, and including some Faraday Future veterans... 
Toyota is expanding a recall of Prius hybrid models over a hybrid-system defect that could cause a sudden loss of propulsion. The fault lies with the inverter in the Intelligent Power Module (IPM), a part of the Toyota Hybrid Synergy Drive system. Repeated driving under high-load conditions, such as hard acceleration from a stop, can cause high... 
Americans can save a lot of money by switching to an electric car, but the amount of potential savings seen over the long run varies widely depending on many factors, a study released last month highlights. Car buyers can save between $3,000 and $10,500 on fuel costs alone over 15 years, according to the Department of Energy study (via Axios)... 
When driving an electric car, it's important to consider the only part of the vehicle that actually touches the road. Tires can have a major impact on electric car range. Automakers often fit electric cars with low-rolling resistance tires to maximize range, albeit often at the expense of handling, as these tires offer less grip than conventional... 
Citroën is launching an all-electric version of its C4 compact hatchback as part of a redesign of the model. Aimed at the European market, the C4 will continue to offer gasoline and diesel powertrain options as well. The electric Citroën ë-C4 swaps the internal-combustion engines for an electric motor, which drives the front wheels... 
Volvo Trucks has said it is committed to electric trucks, but that doesn't just mean cargo-haulers. The Swedish firm—a separate entity from the carmaker of the same name—provided an electric powertrain for a fire truck, which will soon start testing with fire departments in Berlin, Amsterdam, and Dubai, Volvo said in a press release... 
The next-generation Hyundai Santa Fe will get a plug-in hybrid powertrain, the first time one has been offered in Hyundai's mid-size family crossover. The model is likely to be sold in the United States, but Hyundai has only released specifications for the European market so far. Scheduled to go on sale in Europe in 2021, the Santa Fe follows the... 
Tesla's planned Giga Berlin factory may soon get downgraded to Mega Berlin. The automaker is scaling down the German factory, pulling back from plans to manufacture batteries onsite, Bloomberg reported Wednesday, citing revised planning documents for the factory. The changes would also eliminate production of plastic components, and would lower... 
Congressional Democrats unveiled a new clean energy action plan Tuesday that would emphasis electric cars, but it steps back from some aspects of the previous Green New Deal plan. Dubbed the Climate Crisis Action Plan, it includes a provision that would end sales of new internal-combustion passenger cars by 2035, and internal-combustion heavy duty... 
It's appropriate that a car named Air produced good results in the wind tunnel. Lucid Motors says its upcoming electric car will be the world's most aerodynamically efficient luxury car when it goes into production later this year. The Air achieved a drag coefficient (Cd) of 0.21 in recent wind tunnel tests, which is better than the 0.23 of the... 
Jaguar Land Rover may shift its zero-emission vehicle strategy somewhat if a hydrogen fuel-cell SUV reportedly under development has any chance of making it to production. The automaker will receive UK government funding to develop a prototype called "ZEUS," for "zero and low-emissions vehicles in urban society," as part of a stimulus program for...