After officially hiking tariffs on Chinese electric vehicle imports earlier this month, the US government is getting even more serious about keeping China-made autos out of the country. On Monday, the US Commerce Department proposed a new rule that would ban some Chinese- and Russian-made automotive hardware and software from the US, with software restrictions … Read more
Returning for its second edition this October in Berlin, the WIRED & Octopus Energy Tech Summit is bringing together Europe’s leading experts and visionaries in the green energy sector to explore how to accelerate the creation of a fully carbon-free energy system. Last year’s summit focused on the urgent need for green technology in the … Read more
Another weird feature of electricity pricing are demand charges. These are fees that EV charging site hosts pay, and are based on their highest usage, in 15-minute to one-hour intervals, during a pay period. These demand charges help utilities deal with the various costs of building and maintaining an electric grid. But they’re frustrating in … Read more
Even early adopters and those seeking to reduce their CO2 emissions wilt at some EVs’ first-year depreciation of 50 percent. Automakers, too, are feeling the heat. In a press release Ford said it was to broaden choices for customers as it “adjusts its rollout of pure electric vehicles to deliver a capital-efficient, profitable electric vehicle … Read more
Electric vehicle depreciation is something of a hot topic right now, and for good reason. On one hand, there are some fantastic deals to be had on the secondhand market, but on the other of course, there’s the thorny issue of some EVs losing half of their value in a single year. Cars losing you … Read more
Ford created a surprise smash hit when it introduced the Maverick in 2021. This compact pickup, built on architecture shared with the Escape and Bronco Sport crossover SUVs, offered truck capability in a fuel-efficient, sensibly sized package. Now, Ford has introduced updates for the 2025 model year that make the Maverick even more appealing. First … Read more
This is a new issue for the automotive industry. “One of the beautiful things about automotive has been that it tends to move much more slowly than consumer electronics,” says Phil Amsrud, an associate director of automotive at the market research firm S&P Global Mobility. That gives auto manufacturers and suppliers plenty of time to … Read more
After major investor Volvo decided to decrease its stake and cut funding for Polestar early this year, the EV company went in search of $1.3 billion of new funding. It raised a $950 million lifeline three-year loan from a banking syndicate led by BNP Paribas, and told investors it has plans to continue raising the … Read more
The Rimac Group describes Verne—its new autonomous ride-hailing service—as its “next impossible thing.” First, founder Mate Rimac established his eponymous electric hypercar company in Croatia, a country with no history of carmaking. That went well. Porsche, Hyundai and Softbank all took stakes. The Volkswagen Group gifted him a majority stake in Bugatti in return for access … Read more
Under CEO Elon Musk, Tesla has been credited with revolutionizing the auto industry, jumpstarting the electric revolution, and racking up billions in profit in the process. Now Musk is set for a record payday worth almost $50 billion, after the electric car company’s shareholders approved a compensation plan that had been previously blocked by a … Read more
