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...