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Tesla hires longtime GEICO exec to help with insurance costs

Teslarati

Tesla has hired a long-time GEICO executive to manage its Insurance program and make costs and premiums more affordable for drivers. Tesla launched its in-house insurance program in the United States in 2019. states, including Arizona, California, Colorado, Illinois, Maryland, Minnesota, Nevada, Ohio, Oregon, Texas, Utah, and Virginia.

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DOE selects 5 geothermal energy projects to receive up to $28M

Green Car Congress

Selected by the Office of Energy Efficiency and Renewable Energy’s Geothermal Technologies Office these projects align with the goals of the 2019 GeoVision study, which outlines a path to unlock the full potential of geothermal power as a clean, reliable, and affordable energy source for American homes and businesses.

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Redwood Materials launches EV battery recycling program; initial partners Ford Motor Company and Volvo

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To make electric vehicles sustainable and affordable, there need to be pathways for end-of-life battery packs to be collected, recycled and remanufactured into new battery materials. Overtime, as EOL packs scale, Redwood expects these batteries to become valuable assets that will help make EVs more sustainable and affordable.

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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

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2023 - GM announced supply agreement and $650 million equity investment in Lithium Americas to develop the Thacker Pass lithium mine in Nevada - the largest-ever investment by an automaker in battery raw materials; construction commenced in March 2023. Cell Manufacturing and R&D Dec.

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Redwood Materials to supply Panasonic with recycled cathode materials

Teslarati

Cathode material needs to be affordable and accessible, and Redwood’s ability to recycle metals like lithium, nickel, and cobalt will decrease costs while meeting demand. Redwood and Panasonic have partnered since 2019 as the company has recycled battery materials from Gigafactory Nevada , where Panasonic operates with Tesla.

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Tesla’s 4680 battery ramp may experience a “Death Valley” start, but it will be overcome: expert

Teslarati

Without 4680 cells, Tesla’s efforts to create an affordable car at a price point beneath the Model 3 would likely be for naught. Tesla plans to use a new manufacturing technology called dry electrode coating, which was obtained from the company’s acquisition of Maxwell Technologies in 2019. Quotes courtesy of Reuters.

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Electrify America, Sacramento announce Green City investments: ZEV car-sharing, ZEV bus and shuttle routes, EV charging systems

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This service will be available in Q1 2019. Electrify America’s Green City Initiative aims to provide access to ZEVs to those who do not own ZEVs, or cannot afford to own ZEVs, and therefore represent a key underserved population. mile “Home Zone.” Test the economic viability of ZEV access initiatives.