The executives say the tax credit is critical to keep the vehicles affordable as production and commodity costs rise. Go to Source
Author: CNBC Online news
EV start-up Electric Last Mile Solutions plans to declare bankruptcy a year after going public
The Michigan-based start-up will move to liquidate less than a year after it went public. Go to Source
Tesla fires Singapore country manager after Elon Musk warns of job cuts
Tesla CEO Elon Musk recently told employees about plans to reduce salaried head count by 10%. Go to Source
Chinese automakers want to bring assisted driving to the masses
As Chinese companies race for a slice of the world’s largest car market, they’re betting heavily on assisted driving technology. Go to Source
QuantumScape promised a revolutionary EV battery. Here’s why investors are still waiting
A run in QuantumScape’s stock at the end of 2020 gave the solid-state battery maker a $54 billion valuation. But the hype appears to have all but dried up. Go to Source
Tesla files for 3-for-1 stock split
Tesla plans a 3-for-1 stock split, and Elon Musk now holds 23.5% of shares. Go to Source
It’s not Apple or Tesla, but Inrix has data from 500 million vehicles taking transportation into the future
Inrix is a transportation software company working on a world of autonomous vehicles and zero accidents, zero fatalities and carbon neutrality. Go to Source
GM and Lockheed are taking their lunar rover project to the commercial space market
The companies plan to produce moon-roving vehicles for commercial space missions and services powered by the automaker’s electric vehicle battery technology. Go to Source
Nio reports wider first-quarter loss as Covid shutdowns in China hamper deliveries
Covid shutdowns hampered Nio’s production in the first five months of 2022. Go to Source
Goodbye gasoline cars? EU lawmakers vote to ban new sales from 2035
It takes the EU a step closer to its goal of cutting emissions from new passenger cars and light commercial vehicles by 100% in 2035. Go to Source