Thursday, December 19

Tag: ev

Formula E kills its latest junior series just days before the first scheduled race
9Apr By adminNo Comments
Technology

Formula E kills its latest junior series just days before the first scheduled race

Just four days before the first race of its was set to take place, Formula E said the NXT Gen Cup will not be part of the World Championship calendar this season. The cancellation is "due to unexpected constraints faced by the support series,” a Formula E spokesperson .The NXT Gen Cup was scheduled to be part of the four European events in Formula E's Season 10, including this weekend's Misano E-Prix double-header. However, according to , there were last-minute hitches in a deal between Formula E and the support series' organizer, Fredrik Lestrup and the Lestrup Racing Team.As a result, the electric Mini Cooper SE-based NXT Gen Cup (which debuted at a few events last year) is off the calendar for the time being. Formula E previously ran the Jaguar I-Pace eTrophy support series between 20...
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Tesla is reportedly focusing on robotaxis over its planned budget EV
5Apr By adminNo Comments
Technology

Tesla is reportedly focusing on robotaxis over its planned budget EV

Tesla has scrapped plans to make an affordable electric vehicle (EV), according to Reuters. CEO Elon Musk said as recently as January that he was “optimistic” the low-cost EV would arrive in the second half of 2025. The automaker will instead reportedly “go all in” on robotaxis, which Musk has described as the future of transportation.The canceled entry-level EV project — often called “Model 2” — was reportedly codenamed “Redwood.” The automaker had predicted a weekly production volume of 10,000 vehicles, and Musk said, “We’ll be sleeping on the line” to make it a reality. He had previously claimed Tesla was working on two new EV models expected to sell up to five million units annually.For nearly two decades, the CEO has described his long-term goal as using luxury vehicles to build Tesl...
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Electric Mandates Have California Truckers Charging Overtime
29Dec By adminNo Comments
World

Electric Mandates Have California Truckers Charging Overtime

Dec. 29, 2023 12:52 pm ETCompton, Calif.Electric trucks are supposed to save the world, but they’re wasting Mike Stanley’s time. Mr. Stanley, a longtime trucker whose rectangular beard flows down to his chest, now leads operations in the main Los Angeles office of IMC, a Tennessee-based drayage trucking company that carries cargo to and from U.S. ports and rail yards. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Elon Musk’s Tesla to enter India soon? All eyes on high-level meeting next week
8Nov By adminNo Comments
Business

Elon Musk’s Tesla to enter India soon? All eyes on high-level meeting next week

NEW DELHI: Commerce minister Piyush Goyal is all set to meet billionaire Elon Musk in the United States next week as the two sides look to advance Tesla's plan to enter the Indian market, Reuters reported quoting sources familiar with the plans.The meeting between Goyal and Musk will be the most high-profile one since the Tesla boss met Prime Minister Narendra Modi in June and later said he was keen to make significant investments in the country.Earlier, reports said that the Modi government is actively working to streamline approvals for Musk’s Tesla for the US maker's potential entry into India. It aims to have all necessary clearances in place by as early as January 2024.According to Reuters, the talks between the Musk and Goyal in US will centre around Tesla's plans to setup an Indian...
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Chinese Companies and Your Tax Dollars
21Oct By adminNo Comments
Business

Chinese Companies and Your Tax Dollars

It isn’t easy luring corporations to Illinois these days, so Gov. J.B. Pritzker celebrated when the state landed a big electric-vehicle battery plant in September. The real winner, however, is Gotion, the Chinese company that is collecting taxpayer financing to subsidize its EV manufacturing. Mr. Pritzker boasted that the new $2 billion factory would bring 2,600 green jobs to the Land of Lincoln and represents “the most significant new manufacturing investment in Illinois in decades.” The company’s decision was helped by a $536 million Illinois subsidy package, including $213 million in tax benefits, a 30-year property tax freeze and $125 million from the state-lending program Invest in Illinois. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b...
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EV startup Volta Trucks files for bankruptcy
17Oct By adminNo Comments
Technology

EV startup Volta Trucks files for bankruptcy

Volta Trucks has declared bankruptcy in Sweden after four years in business. The EV manufacturers' board announced the news in a statement that thanked its workers and pointed to its existing accomplishments and unattained potential. "We created the world's first purpose-built 16-tonne all-electric truck, including a unique cab and chassis design, that would have contributed to decarbonising the environment and enhanced the health and safety and air quality of urban centres." The company had piloted its delivery vehicle, Volta Zero, in five European countries and originally planned to expand to Los Angeles in mid-2023.Volta Trucks blames its situation, in part, on that of another bankruptcy: Its battery supplier, Proterra, filed for bankruptcy protection in August following cost-trimming ...
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