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If $50,000 EVs still lose $6,000, when will EVs become profitable?

Green Car Reports

Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for.

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Volvo and CATL have big plans for old EV batteries

Electrek

Volvo and battery giant CATL are teaming up to turn old EV batteries into new ones. The partnership aims to further reduce the carbon footprint of EVs by recycling key battery materials.

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Australia EV fast-charging Tritium says it is insolvent, appoints administrators

The Driven EV News

Australian EV fast charging company Tritium is facing financial collapse after its directors declared it to be insolvent and called in KPMG to act as voluntary administrators. The post Australia EV fast-charging Tritium says it is insolvent, appoints administrators appeared first on The Driven.

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Toyota's Hydrogen Future Is Crumbling As Owners File Lawsuits, Call For Buybacks

InsideEVs

Frozen pumps. Skyrocketing fuel costs. Plummeting resale values. Here's why owners who bought into Toyota's hydrogen dream feel "cheated and misled.

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How serious is Norway about climate change? So much that its streetlights self-dim

emissions global warming Norway climate change carbon dioxide youtube lighting

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Tesla (TSLA) gets “Buy” rating and $298 price target from RBC Capital

Teslarati

RBC Capital analyst Tom Narayan maintained his “Buy” rating for electric vehicle maker Tesla ( NASDAQ:TSLA ) on Monday. His price target for Tesla was also listed at $298 per share, suggesting an upside of over 80%. Narayan is currently ranked on TipRanks as a 4-star analyst with an average return of 7.4% and a success rate of 53.95%. He covers several auto companies such as Tesla, Ferrari, and the Mercedes-Benz Group.

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Report: China now makes enough batteries for global EV production

Green Car Reports

China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. BNEF estimates to global battery-cell demand for both EVs and energy storage came in at around 950 gigawatt-hours in 2023—but manufacturing capacity was more than twice that, at around 2,600 gigawatt-hours.

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Toyota’s plug-in hybrids emit four times more CO2 than company claims

The Driven EV News

New real-world data from the EU shows plug-in hybrid vehicle emissions are actually much closer to the average petrol car than car companies claim. The post Toyota’s plug-in hybrids emit four times more CO2 than company claims appeared first on The Driven.

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Good News About Electric Cars — They’re Driving Down Electricity Rates

CleanTechnica EVs

Electric cars are making news this week in new reports that highlight price parity with conventional cars in the used car market. The post Good News About Electric Cars — They’re Driving Down Electricity Rates appeared first on CleanTechnica.

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Tesla Semi pilot expands to Martin Brower

Teslarati

It appears that the Tesla Semi is now doing a pilot with another client. As noted by Tesla Sr. Manager of Semi Truck Engineering Dan Priestley , Martin Brower (MB) has also started a pilot for the Class 8 all-electric truck. The results of the program so far are quite encouraging. In a post on X , the Tesla executive thanked MB and the Semi’s other customers for working with the company to test, develop, and refine the all-electric truck.

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Half of 2024 EVs have lower 5-year ownership cost vs. ICE

Green Car Reports

Many EVs have a lower five-year cost of ownership than comparable gasoline models, according an annual roundup from Vincentric, a source for ownership cost calculations for websites and automakers. Vincentric's analysis covers eight factors: depreciation, fees and taxes, financing, fuel cost, insurance, maintenance, opportunity cost and repairs.

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Faurecia and Accenture partner on products and services for connected and autonomous vehicles

Brief

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Nissan Micra EV to debut later this year as new low-cost electric car

Electrek

Another affordable electric car is set to be unveiled later this year as Nissan looks to boost EV sales. Nissan will unveil a new Micra EV as its newest low-cost electric car.

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Nissan unveils solid state battery line that will double energy intensity at lower price

The Driven EV News

Nissan says solid state batteries will double intensity of lithium batteries and cost less, and can also be used as energy storage. The post Nissan unveils solid state battery line that will double energy intensity at lower price appeared first on The Driven.

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15 Graphs That Explain the State of AI in 2024

Cars That Think

Each year, the AI Index lands on virtual desks with a louder virtual thud—this year, its 393 pages are a testament to the fact that AI is coming off a really big year in 2023. For the past three years, IEEE Spectrum has read the whole damn thing and pulled out a selection of charts that sum up the current state of AI (see our coverage from 2021 , 2022 , and 2023 ).

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Tesla set to roll out awesome new Sentry Mode feature

Teslarati

Tesla is set to roll out an awesome new feature with Sentry Mode, allowing owners to watch the video clip recorded by the car on their phone. Sentry Mode is a security feature on Tesla vehicles that records instances and events that occur near the car. It has helped solve things as simple as petty vandalism , like keying, and even liability in accidents.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil

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Rivian EV route planning schools charging networks with grade system

Green Car Reports

Rivian announced Monday that it will start planning routes around charger reliability in a new way—by grading each real-world charge site. The change is part of Rivian’s Software Update 2024.11.01, which rolls out to its vehicles, including the R1T electric pickup and R1S electric SUV, starting Monday. And with it, route planning will.

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Nissan steps up all-solid-state EV battery plans as pilot line construction kicks off

Electrek

Will all-solid-state batteries be a “game-changer for EVs?” Nissan believes so. The automaker is accelerating all-solid-state EV battery development, hoping to make its electric models more competitive. Nissan kicked off construction on its all-solid-state EV battery pilot line this week with plans to introduce them in a wide range of models, including pickups.

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Zeekr Begins Big Push into 6 European Countries

CleanTechnica EVs

Zeekr is one of the most elegant, most advanced, and most high tech EV producers in the world. The brand is underneath the wing of Chinese auto giant Geely, but Zeekr has always seemed like a brand focused on conquering the European market. Recall that Geely also owns Volvo Cars. [continued] The post Zeekr Begins Big Push into 6 European Countries appeared first on CleanTechnica.

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50 Years Later, This Apollo-Era Antenna Still Talks to Voyager 2

Cars That Think

For more than 50 years, Deep Space Station 43 has been an invaluable tool for space probes as they explore our solar system and push into the beyond. The DSS-43 radio antenna, located at the Canberra Deep Space Communication Complex , near Canberra, Australia, keeps open the line of communication between humans and probes during NASA missions. Today more than 40 percent of all data retrieved by celestial explorers, including Voyagers , New Horizons , and the Mars Curiosity rover , comes through

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Tesla’s Model Y comprised over a third of all Q1 EV sales in the U.S.

Teslarati

The Tesla Model Y sales comprised over a third of all electric vehicle (EV) sales in the U.S. in the first quarter, as shown in new data released this week. Automotive sales data from Kelley Blue Book shows that EV sales growth slowed down in the first quarter, and while dominant market leader Tesla wasn’t immune to these effects, the U.S. automaker’s sales remained far ahead of competitors.

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Fewer Americans aspire to EV ownership, Gallup poll suggests

Green Car Reports

American EV ownership is growing, but fewer car shoppers who don't already own an EV are considering one, according to a new Gallup poll. Of those households surveyed, 7% reported owning an EV, up from 4% a year ago, while a steady 16% of Americans over the past few years indicated that they are "EV consumers," which Gallup defines as those who.

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Volkswagen to launch new EV platform in China to slash costs and compete with BYD

Electrek

To boost sales in the world’s largest EV market and one of Volkswagen’s most important regions, the company is launching a new digital EV platform with China’s XPeng. VW says the EV platform will slash costs as it looks to recapture market share in China.

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Tesla Model Y & Model 3 Cost $10,000 Less Than Average New Car Price

CleanTechnica EVs

Much recent discussion around Tesla has been about a lower-cost, smaller Tesla (“Model C” or “Model 2,” as it is often called). In particular, there was the shocking news that Tesla reportedly killed the project in order to focus on a Tesla robotaxi vehicle. It seems that the majority of. [continued] The post Tesla Model Y & Model 3 Cost $10,000 Less Than Average New Car Price appeared first on CleanTechnica.

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Polestar cuts greenhouse emissions per car thanks to renewables and more efficient EVs

The Driven EV News

Polestar says it has cut greenhouse gas emissions by nine per cent per car sold in 2023, thanks to more renewable power, more efficient batteries and EVs, and cleaner materials. The post Polestar cuts greenhouse emissions per car thanks to renewables and more efficient EVs appeared first on The Driven.

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Tesla opens investor questions for Q1 2024 earnings call

Teslarati

Tesla is approaching arguably one of its most important earnings calls in years. In light of the upcoming event, Tesla has gone live with its Q1 2024 earnings page on investor communication platform Say , where verified TSLA shareholders could submit their questions for the electric vehicle maker. Tesla has included Say questions in its earnings calls for years.

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Review: 2025 Toyota Camry hybrid blends into the background

Green Car Reports

Toyota just doubled down on hybrids, again. As the automaker marches towards electrifying its entire lineup, the updated 2025 Camry model line going hybrid tells the tale of Toyota's current strategy: potent (enough), practical, efficient, and cost-conscious. These are the defining traits of the 2025 Camry lineup. After spending a brief amount of.

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We drove all of Lucid’s 2024 Air models and got a sneak peak at its upcoming ‘Mid-Size’ EVs

Electrek

In addition to our recent drive of the Lucid Air Sapphire, we got the opportunity to test drive all of the American automaker’s 2024 models, including Pure, Touring, and Grand Touring, and have shared our thoughts below. As part of our visit, Lucid Motors also invited us behind the scenes at its design studio in California, where we got a look at the progress of its upcoming “Mid-Size” EVs.

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German EV Motor Could Break Supply-Chain Deadlock

Cars That Think

Among the countless challenges of decarbonizing transportation, one of the most compelling involves electric motors. In laboratories all over the world, researchers are now chasing a breakthrough that could kick into high gear the transition to electric transportation: a rugged, compact, powerful electric motor that has high power density and the ability to withstand high temperatures—and that doesn’t have rare-earth permanent magnets.

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LEVC reveals interior of its L380 luxury MPV

Electric Cars Report

LEVC has debuted new information and images of the luxurious and innovative interior of its L380 Multi-Purpose Vehicle (MPV), the first of a new range of smart, spacious, fully electric models, which will see the brand accelerate its transition from a high-end taxi manufacturer to a leading provider of e-mobility solutions. At a design event […] The post LEVC reveals interior of its L380 luxury MPV appeared first on Electric Cars Report.

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Elon Musk subtly hints Tesla is entering “wartime mode” again

Teslarati

It appears that Tesla is about to find itself in a “wartime” setting or sorts once more. This was, at least, hinted at by CEO Elon Musk on social media. Tesla became the electric vehicle behemoth that it is today by making risky decisions. However, following the Model 3 ramp that almost killed the company, it seemed that Tesla had calmed down somewhat.

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2023-2024 Toyota Prius recall prompts advice to lock doors

Green Car Reports

Toyota on Wednesday announced a recall of 2023 and 2024 Prius hybrid and Prius Prime plug-in hybrid models due to a potential fault with the cars' electronic rear door latches. In the approximately 55,000 vehicles recalled in the U.S., water can enter and short circuit these door latches, according to a Toyota press release. If that happens, and.

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Elon Musk is putting Tesla all-in on Robotaxi

Electrek

Riding the AI wave, Elon Musk is betting Tesla’s business on its self-driving effort, including Robotaxi, at the cost of other programs critical to its core business. At the same time, the CEO is threatening not to build AI products at Tesla.

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How smart technology is helping make sustainable living a reality

Innovation News Network

Smart technology is an example of how energy management and people-focused technology are helping residents manage their carbon footprint. The post How smart technology is helping make sustainable living a reality appeared first on Innovation News Network.

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Hydrogen Is Coming to the Rescue

Cars That Think

A consortium of U.S. federal agencies has pooled their funds and wide array of expertise to reinvent the emergency vehicle. The hybrid electric box truck they’ve come up with is carbon neutral. And in the aftermath of a natural disaster like a tornado or wildfire, the vehicle, called H2Rescue , can supply electric power and potable water to survivors while acting as a temperature-controlled command center for rescue personnel.

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Tesla teases huge Spring software update: here’s what’s in it

Teslarati

Tesla has teased a number of features in an upcoming Spring software update, including its latest Sentry Mode feature and more. In a post on X on Tuesday, Tesla shared details on eight upcoming developments and features that will be shared with its Spring software update, including Sentry Mode Previews , user interface improvements, and even better regenerative braking at high speeds.

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