Faraday Future revealed: Company gets funding to produce FF91

Faraday Future completes first pre-production FF91 on August 28, 2018On-again, off-again electric-car startup Faraday may have a future after all. The company announced two new rounds of financing Monday, a $1.25 billion stock sale expected to be completed by the end of the year, and a $225 million bridge loan to make it to the end of the year. In a statement, Faraday Future said the money will pay for the...

Smart no more: Why the end of the Fortwo has been a long time coming

2018 Smart EQ ForTwo CabrioDaimler’s Smart brand has announced that it’s pulled the plug on the U.S. sales of its only model, the Fortwo, which went all-electric just one model year ago. The decision, according to Mercedes-Benz USA, holds for both U.S. and Canadian markets and has to do, the company says, with “high homologation costs for a low volume...

Musk reaches second settlement with SEC

Tesla CEO Elon Musk on Elon Musk's Twitter followers may face a new reality next week. The Tesla CEO reached a new agreement with the Securities and Exchange Commission, announced Friday, that he will no longer tweet about the company's finances or sales without preapproval from a Tesla securities lawyer. Musk's Twitter feed (@ElonMusk) has until now been a...

Powerline approval could bring EV drivers more wind power

Wind farm outside Fort MacLeod, Alberta, Canada   [photographer: Joel Bennett]In the efforts of Green New Deal and electric car advocates, a new permit for power transmission lines may knock down one of the biggest hurdles to bringing more renewable power to electric cars. Last week, a major new power transmission line from Wyoming to the Hoover Dam won final approval from Wyoming, the last of the states it traverses to...

New York to add solar to transportation hubs

MTA 207TH Street rail yard [CREDIT - Fan Railer - Wikimedia Commons]Electric cars and public transportation go together in more ways than one. In the latest example, the New York Metropolitan Transportation Authority plans to add solar panels to the rooftops of its rail yards and bus depots to help feed the local power grid. READ MORE: Forget light poles, British firm to build chargers from cable boxes The MTA...