UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet In 2015, Marland “Lanny” Brown learned how to build an all-electric car. A member of United Auto Workers Local 5960, he’d… Continue reading For GM auto union workers, there’s still a lot to learn about making EVs
Author: CNBC Online news
The ‘bummer’ of the $7,500 electric vehicle tax credit: Its full value may be hard to get
Tomekbudujedomek | Moment | Getty Images The historic climate legislation President Joe Biden signed in August offered a federal tax break — worth up to $7,500 — to households that buy new electric vehicles. But it may be tough for consumers to get the full value of the tax credit — at least initially. That’s… Continue reading The ‘bummer’ of the $7,500 electric vehicle tax credit: Its full value may be hard to get
New cars are still selling for over MSRP. Here’s how to avoid sticker shock
A couple browses a car’s sticker price. Don Mason | The Image Bank | Getty Images With demand for new cars still outpacing supply at many dealerships, buyers may be asking themselves if they need to pay over the average manufacturer’s suggested retail price, or the sticker price, to get the car that they want.… Continue reading New cars are still selling for over MSRP. Here’s how to avoid sticker shock
Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV company
Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of four counts of fraud relating to false statements he made to drive up the value of Nikola’s stock. Milton was charged… Continue reading Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV company
Inside the only lithium producer in the U.S., which provides the critical mineral used in batteries by Tesla, EV makers
watch now SILVER PEAK, Nev. — On the edge of Western Nevada, hours from a major city and miles down private dirt roads, lies the United States’ only lithium-producing plant. The nearest town is Tonopah — population 2,179 — where a prospector discovered silver at the turn of the 20th century. The town’s mining roots… Continue reading Inside the only lithium producer in the U.S., which provides the critical mineral used in batteries by Tesla, EV makers
Sony and Honda plan to start U.S. deliveries of their electric vehicle in 2026
Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint venture focused on electric vehicles plans to begin deliveries to the United States and Japan in 2026. Sony Honda Mobility, as it’s… Continue reading Sony and Honda plan to start U.S. deliveries of their electric vehicle in 2026
Nikola can complete its deal to acquire Romeo Power after clearing key hurdle
Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said Thursday that its planned acquisition of battery-pack maker Romeo Power will now proceed, after Romeo Power shareholders agreed to tender just over half of the company’s outstanding shares. In August, Nikola said it had agreed to acquire Romeo Power, a California-based maker… Continue reading Nikola can complete its deal to acquire Romeo Power after clearing key hurdle
GM reveals 2024 Chevrolet Trax crossover with new tech and design — at a lower price
2024 Chevrolet Trax ACTIV GM DETROIT — General Motors on Wednesday revealed a new version of its Chevrolet Trax — the brand’s entry-level crossover — with new technologies and a more aggressive design, and at a lower price than the current vehicle. The compact is key to attracting and retaining cost-conscious buyers for the Detroit… Continue reading GM reveals 2024 Chevrolet Trax crossover with new tech and design — at a lower price
Polestar unveils a new $84,000 electric SUV it’s hoping will help cement its foothold in the U.S.
Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it’s counting on to expand its sales and presence in the United States. The new model, called the Polestar 3, is a five-passenger EV that the company describes as a “performance SUV.” It’ll launch with a 111 kilowatt-hour battery… Continue reading Polestar unveils a new $84,000 electric SUV it’s hoping will help cement its foothold in the U.S.
Luxury EV maker Lucid confirms it’s on track to meet conservative 2022 production targets
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric luxury vehicle maker Lucid Group confirmed Wednesday that it remains on track to produce between 6,000 and 7,000 vehicles in 2022, in line with the more conservative… Continue reading Luxury EV maker Lucid confirms it’s on track to meet conservative 2022 production targets