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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. Insurance costs were expected to be lower because Tesla knows its vehicles better than the large insurance companies out there. However, it has still had trouble decreasing costs.

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PNNL leads team to accelerate development of affordable carbon fiber composites

Green Car Congress

As part of the project, PNNL also analyzed the costs of long carbon fiber components versus standard steel and fiberglass composites. PNNL partnered on the project with Toyota, Magna, PlastiComp, Autodesk, University of Illinois, Purdue University, and Virginia Tech.

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Rivian expected to layoff 6% of workforce following pressure from EV rivals

Teslarati

Rivian shelving Mercedes-Benz JV is a ‘head-scratcher:’ analyst The cuts are expected to affect 840 employees but will not affect manufacturing operations at its plant in Normal, Illinois. Musk offered additional advice in mid-2022: “That affordability threshold is very important. Rivian is down 3.17

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Bionic Hand Gives Amputees Sense of Touch

Cars That Think

The girl's family could not afford the cost of getting her a prosthetic leg, so she used a tree branch as a crutch to help her walk. From that encounter, Akhtar decided that one day he would develop affordable artificial limbs. Akhtar is the CEO. "I The program allows students to earn both an M.D. and a Ph.D.

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Rivian (RIVN) officially shuts down Normal EV plant for upgrades as R2 creates a buzz

Baua Electric

Rivian (RIVN) officially shut down production at its Normal, Illinois plant as the EV maker prepares for its next growth phase. The company is upgrading the facility to cut costs and improve efficiency as it looks to expand the brand.

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Feature: Are Eco-Friendly Cars Expensive to Own?

Clean Fleet Report

Despite higher upfront costs, eco-friendly vehicles are better for not only the planet, but also your wallet. A study conducted by a team at the Massachusetts Institute of Technology (MIT) compared the lifetime costs of owning a gas-powered vehicle versus that of owning an eco-friendly vehicle. Hybrids and EVs can cost you less.

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Rivian’s Amazon EV delivery van will drop packages in 100 cities by end of 2022

Teslarati

Rivian builds its vehicles in Normal, Illinois. CEO Elon Musk recently advised the company to cut costs in any way possible or it could face potential closure. That affordability threshold is very important,” Musk said in June. “It It must both be a good value for money and be affordable in order to achieve good unit volumes.