Tesla Seeks to Revive Musk’s $47 Billion Pay Deal After Judge Says No
The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
Lucid Air charging boost, Mercedes range extenders, EVs losing money: Today’s Car News
Lucid adds a heat pump and subtracts charging time for its range-leading Air electric sedan. Mercedes-Benz might not see what Ram sees in a plug-in range-extended vehicle. And why is each EV still losing thousands to full-line automakers? This and more, here at Green Car Reports. The 2024 Lucid Air Grand Touring is now being delivered, and once... If $50,000 EVs still lose $6,000, when will EVs become profitable?
Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for... Report: Mercedes pulls the plug on range-extended EV possibilities
Mercedes-Benz is scrapping extended-range EV powertrains after tests of prototypes, according to an Autocar report citing an anonymous source with knowledge of the matter. Mercedes built and tested some prototypes based on existing models, "concluded that the range-extender drivetrain is a transitional technology with a relatively short-term... 2024 Lucid Air Grand Touring adds heat pump, charges up to 30% faster
The 2024 Lucid Air Grand Touring—the longest-range version of the Air luxury sedan—gets some small but notable changes for the current model year, Lucid announced Wednesday in a press release. The Grand Touring is the second Air model to get a heat pump, after the high-performance Sapphire. As previously shown in other EVs, a heat pump... Tesla Calls for New Vote on Elon Musk’s Pay Package
The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.
Tesla Calls for New Vote on Elon Musk’s Pay Package
The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.
Has Tesla Peaked?
And what would that mean for the climate?
Ioniq 5 N review, GMC Sierra EV arrival, Maserati EVs, Mercedes eSprinter: Today’s Car News
Maserati might have the first U.S. electric convertible in years. Mercedes adds lower-priced versions of its eSprinter. GMC sets the price, range, and more for the arrival of its Sierra EV pickup. And we look at how the Hyundai Ioniq 5 N gamifies its interface to actually make driving more enjoyable. This and more, here at Green Car Reports. In a... 2024 GMC Sierra EV boasts 440-mile range, CrabWalk, lower price
GMC confirmed on Tuesday that the limited-edition launch version of its 2024 Sierra EV pickup will arrive in summer 2024—with about 10% more EPA range than originally suggested. The full-size electric truck, touted to be the “Denali of EVs,” bears GMC’s top-luxury Denali badge and will offer a CrabWalk mode, unlike the... Maserati reveals US-bound luxury electric convertible
The Maserati GranTurismo Folgore is getting a convertible sibling that will create a new EV market niche in the U.S. Unveiled Monday, the Maserati GranCabrio Folgore is scheduled to arrive in the U.S. in the fourth quarter, as a 2025 model, with a price tag of more than $200,000 that will likely make it the first true luxury electric convertible... Review: 2025 Hyundai Ioniq 5 N enthusiast EV shows it’s worth the wait
The good folks at Hyundai have scrambled my brain with the 2025 Ioniq 5 N, a devilish little electric compact crossover that might just be a motorsports game-changer. Most electric vehicles are a blast to drive in a straight line, with incredible acceleration and accessible power. But their weight becomes a liability on the race track, and battery... Germany’s Leader, Olaf Scholz, Walks a Fine Line in China
Chancellor Olaf Scholz tried to promote German business interests while delivering warnings from Europe about trade and geopolitical tensions.
2025 Mercedes-Benz eSprinter adds smaller battery, shorter wheelbase
The Mercedes-Benz eSprinter electric van debuted for the 2024 model year with a long 170-inch wheelbase, a large 113-kwh battery, and a high roof. For 2025, it adds a shorter 144-inch wheelbase, a smaller 81-kwh battery, and a shorter standard roof, the brand announced on Monday. In that configuration, the base price falls from $74,181 to $63,545... E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
Rivian grades chargers, China’s battery problem, EV ownership cost: Today’s Car News
China is making too many EV batteries. Rivian is applying real-world letter grades to EV fast-chargers for smoother route planning. And despite depreciation woes, many EVs still pay back big over five years of ownership. This and more, here at Green Car Reports. Rivian has announced that it’s rating EV fast-chargers for real-world... Rivian EV route planning schools charging networks with grade system
Rivian announced Monday that it will start planning routes around charger reliability in a new way—by grading each real-world charge site. With that change, as part of Rivian’s Software Update 2024.11.01, which rolls out to its vehicles, including the R1T electric pickup and R1S electric SUV starting today, route planning will start... Tesla Will Lay Off More Than 10% of Workers
Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.
Report: China now makes enough batteries for global EV production
China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. BNEF estimates to global battery-cell demand for both EVs and energy storage came in at around 950 gigawatt-hours in 2023—but manufacturing capacity was more than twice that, at around 2,600 gigawatt-hours... Half of 2024 EVs have lower 5-year ownership cost vs. ICE
Many EVs have a lower five-year cost of ownership than comparable gasoline models, according an annual roundup from Vincentric, a source for ownership cost calculations for websites and automakers. Vincentric's analysis covers eight factors: depreciation, fees and taxes, financing, fuel cost, insurance, maintenance, opportunity cost and repairs...