electric cars

Most electric vehicles won’t qualify for federal tax credit

A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of …

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Tesla Says It’ll Finish 2022 With 2 Million Cars Built

Image: Tesla Tesla believes it will finish the year strong, Volkswagen is turning to new benefactors to spin off Porsche on the stock market and automakers have finally started to understand how the silicon business works. All that and more in The Morning Shift for Friday, August 5, 2022. 1st Gear: A Tenth of 20 …

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Feds Open ‘Special Investigation’ of Tesla Autopilot Crash That Killed Motorcyclist

Tesla Autopilot demonstrated in a Model Xphoto: By Ian Maddox, CC BY-SA 4.0, via Wikimedia Commons Earlier this week, yet another Tesla hit yet another motorist, yet again killing the person outside the car. ace we’ve come to expect, the driver claims Autopilot was activated at the time of the collision. But as this story …

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General Motors’ Cadillac Celestiq electric car expected to cost around $300,000

Cadillac is going back into a market segment it hasn’t occupied in decades: the world of true ultra-luxury cars with huge six-figure price tags. General Motors unveiled the Cadillac Celestiq on Friday, and the company wants it to beat the best in the world. The Celestiq, an electric car, is expected to cost as much …

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Tesla Found Only 1 Percent At Fault In Deadly 116 MPH Crash

photo: Tesla Back in 2018, eighteen-year-old Barrett Riley crashed his dad’s 2014 Tesla Model S into a wall at 116 mph, killing himself and one passenger. The vehicle was supposed to have a speed limiter installed, at the behest of Riley’s parents, but Tesla technicians removed it after talking to the teen. Thus, the question …

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White House Announces Tesla Will Open Its Supercharger Network

photo: Tesla Last week, the White House announced a slate of private sector investments to expand electric vehicle charging accessibility across the United States. The $700 million in corporate commitments will complement $7.5 billion in federal funding from the $1.2 trillion Bipartisan Infrastructure Law. The administration stated the short-term objectives of its industry partners, but …

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Electric truck maker Rivian’s stock surges as deliveries triple

Rivian Automotive delivered 4,467 vehicles in the second quarter, nearly four times more than the preceding quarter, as the electric-vehicle maker benefited from a ramp-up in production and strong demand. The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to …

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Tesla no longer the world’s top seller of electric cars

Tesla’s commanding lead in the electric vehicle market is shrinking, according to sales figures released this week by Warren Buffett-backed Chinese automaker BYD. BYD revealed that it sold a whopping 641,350 “new energy vehicles” – or full-battery electric vehicles and plug-in hybrids – in the first six months of 2022, according to a company filing. …

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Black Tesla Workers Allege Racist Abuse on Factory Floors

Elon Musk’s company is facing at least 10 arguments alleging discrimination at the workplace. photo: Susan Walsh (AP) A group of Blacks Tesla employees have filed suit against the company, claiming that they were subjected to racial discrimination at its factories in California. Tesla business facing at least 10 suits alleging sexual or racial harassment, …

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Are we seeing a breakthrough for electric cars in the EU? | Business | Economy and finance news from a German perspective | DW

There seems to be no future for combustion engines in the European Union anymore. Come 2035, new passenger cars and vans may only be sold if they are climate-neutral, that is if they don’t emit any CO2. European Union member countries reached a deal on June 29 following hard-fought talks to make new cars and …

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