Elon Musk’s $50 Billion Tesla Pay Was Struck Down. What Happens Next?
The company’s board of directors will now decide whether to appeal the decision, change where Tesla is incorporated or negotiate a new pay package.
EV sales near 8% of US new vehicle market
EV sales will reach 8.0% of the total U.S. new vehicle market this month, S&P Global Mobility has predicted. The market share of EVs won't increase dramatically over the previous month, as automakers, dealers, and consumers digest new federal tax credit rules brought on by the Inflation Reduction Act (IRA) that went into effect with the start... BMW adds all-wheel-drive i5 EV, plug-in hybrid to 5-Series lineup
The BMW 5-Series lineup adds two more plug-in variants for the 2025 model year. The automaker confirmed Tuesday that the 2025 BMW 550e xDrive plug-in hybrid will join the lineup for the new model year, along with a third version of the all-electric BMW i5 that launched for 2024 as part of a redesigned 5-Series range. BMW slots the plug-in hybrid... Elon Musk’s Tesla Pay Package Is Struck Down by Judge
Shareholders had sued, arguing that Mr. Musk’s compensation — which helped make him the world’s richest person — was excessive.
GM plug-in hybrids, Rolls-Royce EV recall, Mach-E discounts: Today’s Car News
Rolls-Royce is recalling its first EV. Ford is offering some sweet Mustang Mach-E deals to fleets. And yes, GM is planning to bring plug-in hybrids back. This and more, here at Green Car Reports. GM has announced that it is ready to bring some plug-in hybrid models back to the North American market. It’s a shocker that may have many longtime... GM not quite all-in on EVs, will add plug-in hybrids in US
Five years after the discontinuation of the Chevrolet Volt, it appears General Motors is ready to bring plug-in hybrids back to its North American lineup. The news was reported by several sources following the automaker's quarterly and 2023 earnings call—including CNBC, which cited comments made by GM CEO Mary Barra during the call. GM's... Ford seeks to spur Mach-E sales with fleet deals, dealership rentals
Ford is instituting big discounts on the Mustang Mach-E for fleet customers, as well as a new program that allows dealers to use inventory as rental cars. A discount of $7,500 for state and local government customers, as well as certain customers, is available on all new 2024 Mach-E orders received through Apr. 30, reports CarsDirect. The... 2024 Rolls-Royce Spectre EV recalled over shaky ground
Rolls-Royce is recalling many of the first electric cars it has ever produced over an insufficient electrical ground that could increase the chances of a fire. The U.K. prestige luxury brand notes that potentially affected 2024 Spectre electric coupes were made from October 24, 2023 through December 11, 2023. Production of the Spectre started in... G.M. Profits Hurt by Unsold Electric Vehicles and Strike
The automaker has placed a bet on battery-powered cars, but it has struggled to produce and sell the vehicles in large numbers.
Truck Makers Team Up to Push for Electric Vehicle Chargers
Daimler, Navistar and Volvo have been criticized for not selling many electric heavy trucks, but the companies say the country first needs many more chargers.
Canoo vans in USPS fleet, EV charge time concerns, EV acceleration as safety: Today’s Car News
Canoo electric vans head out soon for postal delivery. Is an EV’s 2.0-second 0-60 mph acceleration a safety feature? And are worries about charge time overtaking range and other charging concerns as a top barrier for EV adoption? This and more, here at Green Car Reports. Recent study results from Deloitte suggest that driving range is no... Study: EV charge times and cost may be holding shoppers back
The reasons why EVs might not click for all car shoppers are evolving—and it's no longer simply a matter of whether an EV will go far enough on a charge. Cost and the time needed to charge are now nearly as important to U.S. car shoppers as range, a Deloitte study published earlier this month found. Time required to charge was listed as a... US Postal Service will add Canoo electric vans to delivery fleet
The U.S. Postal Service will purchase six electric vans from startup Canoo, to be delivered later this quarter. The vans will be right-hand-drive versions of the Canoo LDV 190 van, according to a press release from the startup. Canoo's website lists the LDV 190 has having a 79-kwh battery pack yielding an estimated 200 miles of range. The van has... Stellantis CEO claims quicker EV acceleration is a safety feature
Stellantis last week detailed its STLA Large platform, which the automaker claims can house powertrains capable of hurling an EV from 0-60 mph in 2.0 seconds. That breathtaking acceleration figure may be something Stellantis CEO Carlos Tavares now claims is a safety feature. That's because quick acceleration allows for quicker overtaking, Tavares... VW ID.4 EV tax credit; Subaru Solterra update; Macan, Prologue, and ZDX pricing: The Week in Reverse
Which CEO of a global automaker suggested that EVs may never top 30% of the global vehicle market? Which EV from a U.S. automaker became the top-selling vehicle on the planet, electric or not? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending January 26, 2024. Volkswagen has confirmed that... What Hefei, China’s EV City, Says About the State of the Economy
Hefei has led the country in making electric vehicles and other tech products, but it still has not escaped a nationwide housing crisis.
Subaru Solterra EV, Honda Prologue, Hyundai Santa Fe Hybrid: Today’s Car News
It’s all pricing and economics news this morning, and it’s mostly good news for those interested in driving greener. Subaru boosts Solterra fast-charging, Honda prices its Prologue, and Hyundai sets a very modest premium for its hybrid Santa Fe SUV. This and more, here at Green Car Reports. Subaru has sped up DC fast-charging for the... 2024 Hyundai Santa Fe Hybrid costs just $500 more than non-hybrid
The redesigned 2024 Hyundai Santa Fe Hybrid has a base price just $500 more than the equivalent non-hybrid model. Pricing starts at $38,345 for the least-expensive hybrid model—the SEL with front-wheel drive (all prices include a $1,395 destination charge). The non-hybrid front-wheel drive Santa Fe SEL starts at $37,845. However, the... 2024 Subaru Solterra EV charges faster, goes hands-free
The 2024 Subaru Solterra gets handful of changes for its second model year, the highlights being battery improvements and a new driver-assistance system. The Solterra can now DC fast-charge from 10% to 80% in 35 minutes, according to Subaru, compared to about an hour previously. The automaker also claims an improved battery conditioning system... 2024 Honda Prologue starts at $48,795, rated at 296 miles
Honda’s first electric SUV, the Prologue, arrives at dealerships starting in March, the automaker confirmed Thursday, along with first official pricing for the model. As promised, the Prologue starts under $50,000. But for those who want all-wheel drive and a loaded version, it ranges nearly up to the $60,000 mark. In Single Motor...