Tag: electric vehicle
Nearly one-third of car shoppers are checking out EVs
Cars.com research suggests that 32% of car shoppers are now looking to get into EVs. For these car shoppers, there will be over 100 new EV models entering the market over the next four years. However, federal funding and infrastructure for these electric vehicles are being debated right now. What do the numbers mean and […]
How car dealerships are preparing for an EV future
Though the idea of electric vehicles (EVs) can be traced back to the 1800s, with over half a million units sold in the first quarter of 2020, it was the Tesla Model 3 that genuinely put electric cars on the map. Fast-forward a year and a half, and all major car manufacturers are trying to […]
Electric car company Polestar to go public via SPAC
One of the electric car companies that are already producing and delivering new vehicles to consumers is taking the plunge into the stock market. A press release was issued on Monday that details Polestar’s signed agreement with Gores Guggenheim Inc., a special purpose acquisition company (SPAC) on the Nasdaq stock exchange. The deal will inject […]
Is hydrogen gaining steam to power past the EV?
Conversation at this year’s 24 Hours of Le Mans on upcoming classes piqued interest, especially regarding the new Hydrogen class. Racecar Engineering reported that the LMP2HG Hydrogen-powered class is on target to race in 2024. The ACO and GreenGT worked together to put a car on track for the third time on March 28th. Although the ACO […]
First electric pickup truck rolls off Rivian assembly line
On Tuesday, Rivian achieved a monumental milestone for the electrified auto market by becoming the first carmaker to produce a sale-able mass-market EV pickup truck. The company produced the first Rivian R1T pickup intended for a customer at its manufacturing plant in Normal, Illinois. Rivian CEO RJ Scaringe tweeted, “After months of building pre-production vehicles, […]
EV adoption hindered by poor range, insufficient charging infrastructure
Mazda has opened reservations for their first all-electric vehicle, the Mazda MX-30 EV. Mostly comparable in size to the compact CX-30 SUV, it’s billed as “the perfect companion for your daily commute” and is expected to arrive in California this fall and in 2022 elsewhere. Yet, the MX-30 has an estimated range of just 100 […]
Senate passes $1 trillion infrastructure bill
On Tuesday, the U.S. Senate voted to pass a $1 trillion infrastructure plan that includes goals to repair existing infrastructure as well as implement new initiatives that include climate protection and the expansion of broadband capabilities. Ohio Senator Rob Portman stated that “it’s going to improve the lives of all Americans,” and Senate Majority Leader […]
Chevrolet Bolt recall highlights pitfalls for early EVs, opportunity for...
On July 23, General Motors announced a second recall regarding a potential fire risk for Chevrolet Bolt EVs. Around 68,000 vehicles could have a battery defect, identified just nine months after a first recall was issued for similar problems. The cost of performing the recall is staggering – an estimated $11,650 per vehicle. The notice […]
GM says a third electric pickup truck is coming
The GMC HUMMER is being rebirthed as an iconic pickup truck that’s completely electric. Chevrolet has announced an all-electric Silverado. And on July 19th, General Motors has indicated that a third EV pickup truck will be coming from the automaker, under the GMC banner. The news came on a media call on Monday with GM […]
How car dealers should be discussing the costs of electric...
People have a variety of reasons as to why they want to switch from a gas vehicle to an electric vehicle. Top reasons include fuel cost savings, reducing your carbon footprint, and having a cutting-edge new driving experience. Driving in an eco-friendly way is undoubtedly a common draw. But buying electric vehicles, like any vehicle, […]
