Hyundai explores battery leasing to lower EV prices, coordinate reuse

Hyundai Prophecy conceptHyundai is looking into battery leasing as a way to lower electric-car prices and ensure environmentally-conscious reuse of battery packs. The automaker on Thursday announced a memorandum of understanding with the South Korean government and partner companies to create an "ecosystem" around EV batteries, according to a press release. One of the...

Mercedes parent Daimler: No expiration date for gas and diesel sales

2022 Mercedes-Benz EQS prototypeMercedes-Benz parent Daimler is preparing for an all-electric future, but it doesn't want to "prematurely" phase out gasoline and diesel engines, CEO Ola Källenius said in a recent interview with the Financial Times. Daimler has pledged that all new models will designed "electric-first," according to the paper, but the company doesn't want to...

Volta readies electric trucks for Europe, with US suppliers

Volta ZeroSweden-based Volta Trucks is readying an electric commercial vehicle for the European market, but it's relying on suppliers based in the United States for key components. The company announced Wednesday that Proterra will the battery supplier for its Volta Zero truck, which is scheduled to start customer trials later this year. Series production...

Ford is making a $1B push to all-electric cars for Europe by 2030

Ford Cologne Electrification CenterFord on Wednesday announced a $1 billion electrification investment for Europe, with the goal of making its entire passenger-car lineup in that market all-electric by 2030. The money will be used to upgrade Ford's Cologne, Germany, factory for electric-vehicle production. Cologne is Ford's flagship European factory, and the home of its European...