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Rivian links supply chain woes to ongoing Ukraine-Russian conflict

Teslarati

In its 10-K filing on Thursday, March 31, Rivian stated that the ongoing Russian invasion of Ukraine has impacted its business and operations. The company listed the conflict in Ukraine as one of the reasons it continues to struggle with production. “We The Teslarati team would appreciate hearing from you.

Ukraine 138
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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. —Amar Vasdev, a co-author of the report at BNEF.

Cost Of 210
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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). The newly authorized drawdown will come from all four storage sites. President George W.

Oil 418
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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021. compared to the previous year.

Emissions 273
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Tesla holds highest average transaction price increase in 2022, Musk warns of ‘inflation pressure’

Teslarati

Tesla and SpaceX are experiencing substantial “inflation pressure,” according to CEO Elon Musk, who hinted toward potential price increases for his electric automotive company’s products in the coming months. KBB data displayed the average transaction cost of every major automaker in January and February 2022.

Price 98
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The USAF Pairs Piloted Jets With AI Drones

Cars That Think

That means having an operational concept, a chosen contractor, a sizable production line and a line of funding. Isn’t millions of dollars still a lot of money, compared to the drones now flying over Russia and Ukraine, some reportedly made of cardboard? Might not huge swarms of such el cheapo robots be more cost-effective?

Ukraine 110
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Bosch plant obtained by means of Russian situation entity NAMI, institute says

Baua Electric

NAMI, Russia’s Central Car and Engine Analysis and Building Institute, has been snapping up property from world automakers that left Russia over its invasion of Ukraine. The cost of the transaction used to be now not disclosed, however NAMI has picked up alternative property for nominal charges.

Russia 52