Lucid Group on Monday announced that the Saudi Arabian Public Investment Fund (PIF), the automaker's largest shareholder, will inject up to $1.5 billion in cash. The deal will keep Lucid sufficiently funded until the fourth quarter of 2025, reports Reuters, and comes as Lucid prepares to grow its lineup beyond the Air sedan. The PIF took a $1...
Some Rivian R1 vehicles with the Max Pack battery will get labeled Large+ Vehicles with the Large+ battery pack feature a software locked usable capacity It's unclear if Rivian will allow Large+ owners to unlock the extra battery capacity later Rivian is selling its revamped 2025 R1T and R1S with the largest Max Pack software-locked down to a...
Nissan has recalled 2023 Ariya electric SUVs due to a software error that could cause a loss of drive power. The recall covers 1,188 vehicles, all of which were previously recalled for an inverter issue, according to the National Highway Traffic Safety Administration (NHTSA). The vehicles being recalled this time, which may include a mix of...
A Porsche Taycan wireless charged at a rate of 270 kw The Department of Energy's Oak Ridge National Laboratory (ORNL) partnered with Volkswagen Group for the test No timeline was given to put a system like this in production, but testing will continue In a recent test, the Department of Energy's Oak Ridge National Laboratory (ORNL) wirelessly...
The M50 is the top-performance model of the BMW i4 lineup Acceleration numbers aside, it’s not the best handling or riding i4 The M50 offers less driving range than other i4s but charges quickly and predictably Until BMW’s lineup of Neue Klasse vehicles arrives in 2025, with the “outsider” i3 EV far in the rearview mirror...
EVs cost less to fuel in every state of the U.S. By electricity cost vs. gas prices, there's a vast range among states EVs have the strongest advantage in Idaho, Washington, and the Northwest Fluctuating gas prices can make internal-combustion vehicles cost up to six times more to drive than EVs, but the potential savings can vary in different...
The international agency charged with regulating seabed mining elected a U.N. environmental regulator to replace a leader accused of too-close industry ties.
Lawyers for Tesla have asked a Delaware judge to reverse her decision to void a multibillion-dollar pay package for Mr. Musk after shareholders approved it a second time in June.
Bloomberg New Energy Finance expects EV sales to grow exponentially General Motors has criticized President Biden's EV sales goals as unrealistic California aims to end the sale of most vehicles with an ICE by 2035 EVs could make up almost a third of U.S. new-car sales by 2027, assuming current policies remain in place, according to Bloomberg New...
U.S. dealers heavily rely on after-sale services and products for revenue EV buyers are willing to see dealerships manage EV maintenance, for a subscription fee Study also found dealerships can still do more with EV education EVs have lower maintenance needs than internal-combustion vehicles, but a new survey suggests that buyers may be interested...