Tesla’s new electricity retail program, Tesla Electric, has erased this homeowner’s electricity bill and paid him $1,000 in 2023. Late last year, after gaining experience through its virtual power plants (VPPs), Tesla took things a step further with the launch of “Tesla Electric.” Instead of reacting to specific “events” and providing services to your local electric
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Affordable EVs are on the way. Hyundai plans to launch a cheaper electric vehicle, the IONIQ 2, that will sit below the popular IONIQ 5 SUV. Hyundai is doubling down on its plans to become a top three EV maker by 2030. The Hyundai Motor Group (including Kia) plans to sell 3.6 million EVs by
Tesla has secured a new credit union partner to help reduce monthly electric car payments amid high interest rates. Over the last year, one of the biggest storylines around Tesla has been the high interest rates affecting prices. Tesla has consistently reduced its prices throughout the year in order to keep demand up – partly
Hyundai Mobis, Hyundai’s largest supplier, will unveil its latest EV tech at CES next month. The leading global supplier is teasing its first transparent display screen using holographic tech. It will also introduce its future mobility vehicle for the first time. South Korea’s Hyundai Mobis is the sixth-largest auto supplier globally and the largest for
A solar electric truck climbed the world’s highest volcano using solar power alone – and set a new world record for altitude for an EV. A Swiss team called Peak Evolution, which is sponsored by Austrian transport and logistics company Gebrüder Weiss, successfully climbed the western edge of Ojos del Salado, 6,500 meters above sea level
Tesla has reportedly decided not to give stock-based compensation to employees as part of their annual performance review. CEO Elon Musk has often claimed that Tesla has the best employee compensation in the auto industry and that’s because of its stock options. Just last month, Musk told a crowd at a New York Times conference:
Photo by Ricky Esquivel on Pexels.com The Biden administration is worried about the “imminent wave” of Chinese battery factories being built in Mexico, which could further intensify the trade war between the US and China. Chinese companies MG, BYD, and Chery have all been scouting sites in Mexico and talking with officials, according to a
A solar electric truck climbed the world’s highest volcano using solar power alone – and set a new world record for altitude for an EV. A Swiss team called Peak Evolution, which is sponsored by Austrian transport and logistics company Gebrüder Weiss, successfully climbed the western edge of Ojos del Salado, 6,500 meters above sea level
Lexus is already updating its first all-electric model. The 2024 Lexus RZ lineup is gaining a new RZ 300e model with more range and a cheaper starting price. 2024 Lexus RZ gains longer-range, cheaper 300e option Last April, the luxury brand unveiled its first electric vehicle, the 2023 RZ 450e. The EV is the start
Tesla has been partnering with major new home builders all over the US to deploy solar and Powerwalls, and it now claims to have deployed “over 600 solar neighborhoods”. Tesla neighborhood is a term that is being used for new developments where all the homes integrate all or part of Tesla’s power ecosystem, including the
VW, Audi and Porsche have all committed to use the Tesla-developed NACS connector starting in 2025. It’s one of the last dominos to fall towards universal adoption of the connector. NACS has taken the industry by storm this year, after Tesla released specifications of its charging connector in November 2022. It called it the “North American
Audi says it is now pulling back on what was a fairly ambitious rollout of upcoming electric vehicles in response to what its newly appointed CEO says is the EV “slowdown” and to “avoid burdening” factories and dealers. “We first looked at what order and density of launches the organization could handle,” CEO Gernot Döllner
A new study based on insurance claims shows that Tesla drivers have the highest accident rate of any brand in the auto industry. That’s despite Tesla claiming that its Autopilot safety features result in a much lower crash rate than the industry average. Who is lying? Tesla used to release an “Autopilot safety report” that
The German government announced that it will abruptly end its subsidy program for electric vehicles on December 31, which has dealt a blow to automakers in one of its biggest European markets. But Tesla and Mercedes-Benz say that they will compensate for it, covering the full price of the subsidy for German buyers, with other
In a strange reversal of plan, it looks like Volkswagen is revising its interior design. After a slew of complaints about its touchscreen-heavy interiors, the German brand is bringing back more good, old-fashioned physical buttons, according to Autocar. Autocar spotted the concept for the upcoming compact ID.2all – the brand’s latest and smallest EV offering
Israel will compete at Eurovision next year, despite calls for the country to be banned over its conflict with Hamas, organisers have said. Artists from Iceland had called for a boycott of the contest in Malmo, Sweden, unless Israel was prevented from taking part, after its ground invasion of Gaza. Irish broadcaster RTE has also
Elon Musk confirmed that Tesla plans to offer a “mod package” that is going to turn the Cybertruck into a boat – at least to traverse 100 meters of water. Musk has made claims before about how Tesla vehicles could float and briefly serve as a boat. They have never been taken too seriously as
Tesla has confirmed it is working on a wireless inductive home charger for its electric cars after teasing it earlier this year. Tesla has never shown any interest in wireless charging until earlier this year. The problem wireless charging solves is not a major one. It alleviates the need to plug in your car, which
2024 Hyundai Kona EV (Source: Hyundai) Hyundai’s all-electric Kona is getting a high-performance upgrade. The Hyundai Kona Electric was spotted wearing the famed Hyundai N Line badge with a new sporty look. The new 2024 Hyundai Kona is bigger, bolder, and better in every way compared to the previous model. You can see the upgrades
GM and Ford EV owners are going to be the first to gain access to Tesla’s Supercharger network starting in February 2024. Virtually all automakers selling electric vehicles in North America have announced that they will adopt Tesla’s NACS connector in future electric vehicles to take advantage of the Supercharger network. Most of them have
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