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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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XPeng CEO shares NGP self-driving footage in Germany, teasing full roll out coming to EU

Electrek

According to a recent post from XPeng chairman and CEO He Xiaopeng, the automaker’s self-driving ADAS navigation-guided pilot (NGP) is being tested on German roads and showing “great promise,” leading the way for an XNGP rollout throughout Europe.

Germany 107
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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.

CO2 141
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Tesla Semi has been pushed ‘well beyond expectations’ by a new customer

Electrek

Tesla has delivered its Tesla Semi, an electric semi truck, to a new customer for a pilot program that has reportedly pushed the electric vehicle “well beyond expectations.

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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.

Buy 141
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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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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 asks shareholders to move to Texas and re-pass Elon Musk’s massive compensation plan

Electrek

Tesla has filed a proxy with shareholders to ask them to vote for the company to move its state of incorporation to Texas and re-pass Elon Musk’s 2018 CEO massive compensation plan that was rescinded by a Delaware judge earlier this year.

Texas 128
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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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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.

Motor 131
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Faurecia and Accenture partner on products and services for connected and autonomous vehicles

Brief

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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.

Financing 177
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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.

Price 142
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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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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.

Tesla 126
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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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Fossil fuel backers still arguing hydrogen has advantage over batteries for transport

The Driven EV News

Fossil fuel backed consortium still claiming hydrogen has an advantage over battery electric in transport. We dug deep to see what was behind the claim. The post Fossil fuel backers still arguing hydrogen has advantage over batteries for transport appeared first on The Driven.

Hydrogen 135
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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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Unsold Chinese EVs Are Piling Up At European Ports

CleanTechnica EVs

Chinese EVs are coming to Europe in waves but many of them stay parked in port facilities for months waiting for transport inland. The post Unsold Chinese EVs Are Piling Up At European Ports appeared first on CleanTechnica.

Chinese 144
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Hyundai Motor has six of the top ten most fuel-efficient EVs in the US

Electrek

If you’re looking to get the most out of your vehicle, Hyundai may be your best choice. In 2024, Hyundai has six of the top ten most fuel-efficient EVs in the US, including the IONIQ 6, IONIQ 5, and Kona Electric.

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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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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.

Australia 109
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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.

Cars 168
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Getting the Grid to Net Zero

Cars That Think

An emerging technology, grid-forming inverters, are letting utilities install more renewable energy facilities, such as solar photovoltaics and wind turbines. The inverters are often connected to utility-scale battery systems at solar-plus-storage facilities.

Grid 122
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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.

China 133
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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.

Sale 144
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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.

Nissan 120
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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.

Volvo 114
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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.

Hydrogen 108
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Lucid’s longest-range Air Grand Touring gets faster charging, 516 miles range at a lower price

Electrek

New details on the longest-range electric car in the US, the Lucid Air Grand Touring, have been revealed. Lucid’s new 2024 Air Grand Touring gains faster charging, a heat pump, and 516 miles range (in more conditions). And you get all that for a 12% discount compared to last year’s model.

Range 113
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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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Orders open soon for first right-hand drive Ford F150 Lightning electric utes in Australia

The Driven EV News

The first Ford F150 Lightning electric utes are soon to be offered for sale in Australia, and its performance is sure to convert diehard diesel powered Ranger and Hilux fans. The post Orders open soon for first right-hand drive Ford F150 Lightning electric utes in Australia appeared first on The Driven.

Australia 131
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A Tale Of Two Tires Proves That EVs Aren’t Rubber Eaters

CleanTechnica EVs

One thing I keep seeing in the online EV FUD machine lately is how terrible EVs are on tires. Because they’re heavy and they produce so much torque, they say, EVs go through tires way faster than ICE vehicles. The estimated tire life keeps shrinking as the story spreads, with. [continued] The post A Tale Of Two Tires Proves That EVs Aren’t Rubber Eaters appeared first on CleanTechnica.

Vehicles 123
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2024 Ford F-150 Lightning Now Shipping To Dealers, Starting as Low as $62,995

Electric Cars Report

Online orders are open for the 2024 Ford F-150 Lightning trucks, now shipping from the Rouge Electric Vehicle Center. New tech updates for 2024 include: – A Vapor Injection Heat Pump System to help optimize energy consumption, especially in colder weather conditions. Ford’s patented heat pump system utilizes vapor injection in both heating and cooling […] The post 2024 Ford F-150 Lightning Now Shipping To Dealers, Starting as Low as $62,995 appeared first on Electric Cars Report.

F-150 109
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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.

Tesla 140
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Tesla Cybertruck Spring update to introduce tank turn-esque ability

Teslarati

Tesla’s upcoming Spring update is poised to be substantial, with new visual updates for Model 3 and Model Y units with AMD chips, Auto Shift Beta improvements for Model S and Model X units from the 2021 model year and later, and Hands-Free Trunk features being introduced. As per Tesla, however, the Cybertruck will be receiving a few extra goodies from the upcoming update.

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