How Elon Musk and Tesla Helped Make C.E.O Pay Even Richer
The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.
Records are meant to be broken, even if you are the one that set them. On Thursday, Mercedes-Benz announced the Vision EQXX electric car concept broke its own distance record after driving 746 miles on a single charge. The trip saw the EQXX drive from Stuttgart, Germany to Silverstone race track in the UK, and wrapped up the last bit of charge...
President Biden on Wednesday asked Congress for a three-month federal gas-tax holiday. Aimed at providing relief from high gas prices brought on by Russia's invasion of Ukraine, the policy is already drawing skepticism. If Congress approves the tax holiday, current federal fuel taxes of 24 cents per gallon for gasoline and 18 cents per gallon for...
The Lightyear 0 solar-assisted electric car will use in-wheel motors from Slovenia's Elaphe as part of what Lightyear claims will be the most efficient powertrain in any production car. Lightyear announced the partnership with Elaphe earlier this month, claiming in a press release that the two companies work together to achieve "world-class...
The BZ4X, Toyota's first mass-produced global EV, is being recalled for an increased risk that the wheels could loosen and come off the vehicle. The recall applies to the jointly developed Subaru Solterra as well, according to a report from Reuters on Wednesday. Sharp turns or sudden braking could cause a wheel bolt to loosen, which can cause the...
The Polestar 5 flagship EV will feature an 800-volt electrical architecture and powerful dual-motor all-wheel drive powertrain, Polestar confirmed Wednesday in a press release. Together, the two motors produce 884 hp and 663 lb-ft of torque. Polestar didn't break down specific outputs for each motor, but noted that the rear motor is more powerful...
Democratic senator Joe Manchin on Tuesday said a proposed $4,500 EV tax-credit bonus for union-made vehicles is now gone from the Senate's version of the Build Back Better Act, according to Automotive News (subscription required). The bill, which was passed by the House of Representatives last year but has been held back by the Senate, includes a...
Volkswagen plans to show an electric sedan concept June 27. Called the ID.Aero, it previews a future production model bound for the United States. The concept will share a design language and MEB platform with other ID-family models, VW said Wednesday in a press release. But at 16.4 feet long, it's possibly the largest-footprint model to be built...
Tesla vehicles took four of the top six spots in the 2022 American-made Index, from Cars.com. The Tesla Model Y and Model 3 took the top two spots, as all of those models for the U.S. are made in either California or Texas. The Kentucky-built Corsair, which is offered in a plug-in hybrid Corsair Grand Touring, was ranked third. The Honda Passport...
Toyota on Tuesday announced plans to work with Tesla co-founder J.B. Straubel's Redwood Materials to reuse and recycle batteries from hybrid cars as a way to further reduce its environmental footprint. The partnership will initially focus on the "collection, testing, and recycling" of Toyota hybrid batteries, the automaker said in a press release...
The refreshed 2023 Nissan Leaf starts at $28,895 (including destination) for the base S model, Nissan confirmed Tuesday in a press release. That base MSRP is $400 higher than the 2022 model, but Nissan also increased the destination fee from $1,025 to $1,095, bringing the total price hike up to $470. The current-generation Leaf dates back to the...
In this era of $6.00-a-gallon gasoline, driving the 2023 Honda HR-V last week brought some conflicting feelings about where automakers think the priorities are for budget-strapped mass-market shoppers. As I report today in a full review of the HR-V over at The Car Connection, Honda has a very good vehicle—just one that, at 27 mpg combined...
Volvo Trucks (not to be confused with Volvo Cars) already sells battery-electric commercial trucks, but is now experimenting with hydrogen fuel-cell vehicles. The company on Monday unveiled its first fuel-cell trucks, with a claimed 600-mile range, 15-minute refueling time, and 65-ton hauling capacity. The truck uses two onboard fuel cells with a...
Hyundai and Michelin on Monday announced the signing of a memorandum of understanding to partner on environmentally friendly EV tires. Joint research between the two companies aims to increase use of sustainable materials while optimizing tires for EVs, Hyundai said in a press release. The partnership also encompasses a real-time tire monitoring...
We take a look at the technology and market potential of wireless charging for EVs. Automakers are lining up second uses for EV batteries. Range anxiety still exists—without the anxiety—find researchers. And the Megawatt Charging System is ready for next-level infrastructure for electric trucks. This and more, here at Green Car...
Fully electric heavy-duty trucks and buses aren’t going to be widely accepted until they can charge, as the standards group CharIn puts it, “within a reasonable time.” This last week marked another important step, with the official inaugural demonstration (or simulation), at EVS35 in Oslo, of the higher-power hardware intended...
Between longer-range EVs and increased charging infrastructure, the reasons for range anxiety are decreasing. But not everyone believes that, according to a new University of Geneva study. Published in the journal Nature Energy, the study of 2,000 drivers in the United States and Germany found that many drivers chronically underestimate EVs'...