The founder of Nikola Motor, a maker of electric trucks, went on trial on fraud charges on Monday in a case seen as a cautionary tale about the hazards of investing in companies that are not yet generating any sales or delivering any products. The defendant, Trevor Milton, faces federal charges of fraud and securities… Continue reading Trevor Milton of Nikola Begins Trial in Fraud Case
Author: New York Times Online News
Lyft Unveils Self-Driving Car Service in Las Vegas (With Caveats)
Self-driving car services are popping up across the country. But they are not what they seem. The latest example is an upgraded service in Las Vegas from the ride-hailing business Lyft. On Tuesday, the company said it would allow users to hail a new kind of self-driving car on and around the Las Vegas Strip,… Continue reading Lyft Unveils Self-Driving Car Service in Las Vegas (With Caveats)
Mercedes and Rivian Plan to Make Vans Together in Europe
Mercedes-Benz and Rivian said Thursday that they would team up to build electric vans in Europe, a rare example of cooperation between a traditional carmaker and a new challenger. Mercedes said the companies would build a factory in Eastern Europe at one of the German company’s sites in the region. The main Mercedes factory in… Continue reading Mercedes and Rivian Plan to Make Vans Together in Europe
The Unusual Cool of Saabs
I bought my car from the mechanic in a hurry, before I knew anything about Saabs or their origin, but I suppose I’ve always had an indefensible love of what is unlikely or illogical. The Saab appealed to me in part because I have always thought of the unusual as cool. Over the past eight… Continue reading The Unusual Cool of Saabs
Electric Cars Are Too Costly for Many, Even With Aid in Climate Bill
Policymakers in Washington are promoting electric vehicles as a solution to climate change. But an uncomfortable truth remains: Battery-powered cars are much too expensive for a vast majority of Americans. Congress has begun trying to address that problem. The climate and energy package passed on Sunday by the Senate, the Inflation Reduction Act, would give… Continue reading Electric Cars Are Too Costly for Many, Even With Aid in Climate Bill
Plug-In Hybrid Cars Gain Ground in Race With Electric Rivals
In late 2010, General Motors sought to seize the high ground from Toyota’s successful Prius hybrid with the Volt plug-in hybrid — a car that could drive short distances on only electricity and fire up a gasoline engine for long trips. But the Volt and other cars like it struggled to win over drivers as… Continue reading Plug-In Hybrid Cars Gain Ground in Race With Electric Rivals
Toyota Adds $2.5 Billion to Its Investment in a North Carolina Battery Plant
Toyota Motor said on Wednesday that it was more than doubling its investment in a battery plant in North Carolina as part of a broader effort to catch up to rivals in fielding electric vehicles. The automaker said it would invest an additional $2.5 billion in the plant, which is to be built near Greensboro,… Continue reading Toyota Adds $2.5 Billion to Its Investment in a North Carolina Battery Plant
Some Carmakers Say Recycling Car Parts Is the Future. But Is It Realistic?
It sounds simple. But a study published in 1998 by the Society of Automotive Engineers found that midsize American sedans comprised about 20,000 components. Cars have only gotten more complex, which is a challenge for recyclers, said Greg Keoleian, lead author of the study, now a professor at the University of Michigan’s Center for Sustainable… Continue reading Some Carmakers Say Recycling Car Parts Is the Future. But Is It Realistic?
This Remote Mine Could Foretell the Future of America’s Electric Car Industry
Hiding a thousand feet below the earth’s surface in this patch of northern Minnesota wetlands are ancient mineral deposits that some view as critical to fueling America’s clean energy future. A company called Talon Metals is drilling here around the clock, extracting samples of rock rich with nickel in a bid to become the country’s… Continue reading This Remote Mine Could Foretell the Future of America’s Electric Car Industry
Expansion of Clean Energy Loans Is ‘Sleeping Giant’ of Climate Bill
Tucked into the Inflation Reduction Act that President Biden signed last week is a major expansion of federal loan programs that could help the fight against climate change by channeling more money to clean energy and converting plants that run on fossil fuels to nuclear or renewable energy. The law authorizes as much as $350… Continue reading Expansion of Clean Energy Loans Is ‘Sleeping Giant’ of Climate Bill