electric vehicle

Business, Technology

GM’s Mark Reuss: Electric Cars Will Be Average Cost — and Profitable

GM Jeff Kowalsky/Bloomberg News

General Motors Co. is making a big claim about its future electric cars: The automaker will be able to sell them at “very average transaction prices” and be profitable, GM President Mark Reuss said in a presentation June 5.

June 5, 2019
Government, Technology, Autonomous, TCA

Texas, Other States Look to Boost Fees on EVs to Fund Highway Maintenance

EV charging sign Getty Images

Texas is considering whether to impose additional registration fees on electric and hybrid vehicles, following nearly half the states that assess higher fees on battery-powered vehicles to compensate for lost gasoline taxes used to maintain roads and highways.

L.M. Sixel | Houston Chronicle
May 24, 2019
Business, Technology

VW’s ID.3 Seen as Direct Challenge to Tesla’s Supremacy in Electric Market

vw The electric Volkswagen ID Roomzz on display at the Shanghai Auto Show (Qilai Shen/Bloomberg News)

Volkswagen AG is about to find out whether consumers will back its 30 billion-euro strategy to topple Tesla Inc. as the electric-car leader. The German auto giant is taking 1,000-euro deposits to secure one of the first in a new range of battery-powered models.

May 8, 2019
Government, Business, Technology, TCA

Bill Aims to Boost Electric-Car Battery Mineral Production

Batteries Batteries, like this Samsung one, are used to power electric vehicles. (SeongJoon Cho/Bloomberg News)

A group of U.S. senators is introducing legislation to boost domestic production of “critical minerals” that are often imported from China to make electric car batteries.

Keith Laing | The Detroit News
May 6, 2019
Business, Technology

Electric Cars, Solar Compete for Same Parts

Solar Panels Bloomberg News

Electric vehicles and solar tend to get lumped together as partners in the climate-friendly push to phase out fossil fuels. Now they’re competing head-to-head for high-tech components that have been in short supply.

May 3, 2019
Business, Technology, Logistics

Tesla CEO Elon Musk Correctly Called European Slump for April

Tesla Tesla vehicles preparing to be shipped overseas. (Odin Jaeger/Bloomberg News)

Tesla Inc.’s deliveries in key European markets slumped in April after booming the previous month, lending credence to CEO Elon Musk’s prediction for “lumpy” results.

Oliver Sachgau | Bloomberg News
May 3, 2019
Business, Technology

VW Creates Buzz Before EV Launch

vw Qilai Shen/Bloomberg News

Volkswagen AG is seeking to create buzz months before deliveries start for its first ID. electric car, following the footsteps of Tesla Inc.’s Elon Musk, whose promotion of the Model 3 generated reservation lines around the block.

Elisabeth Behrmann | Bloomberg News
May 2, 2019
Business, Technology

Tesla to Raise $2 Billion to Counter Cash Drain

Tesla Patrick T. Fallon/Bloomberg News

Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after CEO Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be self-sustaining.

Molly Smith and Dana Hull | Bloomberg News
May 2, 2019
Business, Technology

Tesla Reintroduces Lower-Priced Model S After Deliveries Drop

Tesla Patrick T. Fallon/Bloomberg News

After a record decline in vehicle deliveries in the first quarter, Tesla Inc. is introducing lower-priced versions of several models, effectively offering consumers a discount.

Jason Clenfield | Bloomberg News
April 24, 2019
Business, Technology

Ford Partnership With EV Manufacturer Rivian Includes $500 Million Funding

Rivian Unveiling of Rivian truck at the 2018 LA Auto Show (Patrick T. Fallon/Bloomberg News)

Ford Motor Co. will invest $500 million in Rivian Automotive Inc., aligning the maker of the industry-leading F-Series pickup line with an upstart that’s electrifying gas-guzzling trucks and SUVs

Keith Naughton | Bloomberg News
April 24, 2019