Phase one of four for Lucid’s manufacturing plant. We all know that 2020 will go down as the year when everything changed. Most notably, a pandemic raged across the world, taking lives and shutting down economies. Many of the best-laid plans of individuals and businesses came to a screeching halt … Read more
The upcoming Rivian R1S is delayed; investors write down losses. Rivian was the darling of the electric pickup truck market, that is until the Ford F-150 Lightning arrived. The Normal, Illinois-based manufacturer of all-electric vehicles enjoys financial backing from Amazon, Ford, and T. Rowe Price. But the company is bleeding … Read more
It is no secret that tech giant Sony desires to build automobiles. The company showcased a pair of EV concepts earlier this year, intending to find a partner to bring these models to the market. After a brief search, Sony is tapping Honda to bring its dreams to fruition. The … Read more
Electric vehicles (EVs) are a class of automobiles that use electric power for at least one mode of propulsion. These systems are often powered by a collector system converting fuel into electricity; however, the latest generation of EVs is powered by a battery pack that can be recharged on the … Read more
If you’re a builder of an electric vehicle, one of the selling points is a federal tax credit of up to $7,500 available to most buyers. The credit saves customers money on their taxes, effectively reducing their ownership costs. Plug-In Electric Drive Vehicle Credit Available for applicable vehicles purchased after … Read more
Fleet management and planning for electric vehicle deployment. The time has finally arrived – with the continual shift toward electrification picking up serious traction, the transition to electric vehicle (EV) fleets is underway. With the right implementation strategy, electric vehicles have the power to optimize your fleet’s productivity and take … Read more
Do you remember the Mitsubishi i-MiEV? If you do not, you are in solid company. That diminutive EV city car was initially offered by Mitsubishi more than a decade ago. It represented the first batch of modern EVs, but it was cheap and forgettable. Especially for its 62-mile range. A … Read more
The global transition to electric vehicles (EV) is accelerating faster than expected with virtually every automaker pumping billions of dollars into new manufacturing facilities. Auto Trends has closely covered these developments, including a truly incredible groundswell over just the past year: Foxconn at the former Lordstown plant in Ohio, Ford … Read more
EV-Maker Lucid Motors boasts a powerful backer in the form of Saudi Arabia. The Middle Eastern country holds a 61-percent stake in Lucid through the kingdom’s Public Investment Fund (PIF). As such, that government has a vested interest in Lucid, something it recently deepened by ordering 50,000 Lucid Air Sedans … Read more
UPDATE: More than 24 hours after we reported the story, North Carolina Gov. Roy Cooper announced VinFast’s plans for the Chatham County site. We’re linking to the press release for the current update. Rumors began swirling in mid-March that a significant piece of property in Chatham County, North Carolina, was … Read more