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16 US states sue federal government after Trump suspends EV charging programs

USDOT in February suspended the $5 billion EV charging program, part of Bidens Inflation Reduction Act, and rescinded prior approval of states spending plans. A group of 16 states and the District of Columbia sued the US government on Tuesday after President Donald Trump’s administration suspended two grant programs for electric vehicle charging infrastructure. California… Continue reading 16 US states sue federal government after Trump suspends EV charging programs

EV boom concentrated in South Bengaluru zones

Alongside EV adoption, South Bengaluru has witnessed a significant rise in rooftop solar installations. Jayanagar RTO tops electric vehicle registrations while South Bengaluru accelerates rooftop solar capacity, proving coordinated energy transition benefits residents, environment, economy As of the end of October, the Jayanagar Regional Transport Office (RTO) led Bengaluru in electric vehicle (EV) registrations, recording… Continue reading EV boom concentrated in South Bengaluru zones

Why the new order on private vehicles deals a blow to the concept of NCR

Saigal also recalled how at one point in time, former Prime Minister Indira Gandhi had passed an order that no new govt offices would come up in Delhi. Work in Delhi, live in NCR: for decades now, this is how the dream of owning your own house has been sold to thousands of people living… Continue reading Why the new order on private vehicles deals a blow to the concept of NCR

PM E-DRIVE more than triples EV sales despite lower subsidies: CEEW study

CEEW noted that the findings suggest growing market maturity in parts of India’s EV ecosystem, with demand continuing to rise even as government support per vehicle has declined. India’s PM E-DRIVE scheme has delivered significantly higher electric vehicle (EV) sales despite offering lower per-vehicle subsidies compared to the earlier FAME II programme, according to a… Continue reading PM E-DRIVE more than triples EV sales despite lower subsidies: CEEW study

JPMorgan swaps cash for Treasuries

Investors are snapping up Venezuela’s defaulted debt, JPMorgan Chase has withdrawn almost $350bn in cash from its account at the Federal Reserve since 2023, and the US unemployment rate rose to its highest level in more than four years. Plus, global asset managers’ cash holdings have fallen to a record low in a sign of… Continue reading JPMorgan swaps cash for Treasuries

CoreWeave Has Lost a Staggering Amount of Stock Value Over the Past Six Months

Bruno de Carvalho/SOPA Images/LightRocket via Getty Images AI cloud computing company CoreWave exploded onto the scene in March with the biggest tech IPO since 2021. The company’s stock soared by more than 40 percent in the following days, riding on the coattails of immense hype surrounding generative AI. The hype was driven by insatiable AI… Continue reading CoreWeave Has Lost a Staggering Amount of Stock Value Over the Past Six Months

Washington Post Says It Will Continue AI-Generating Error Filled Podcasts as Its Own Editors Groan in Embarrassment

Getty / Futurism The outcry sparked by the Washington Post’s launch of AI-generated podcasts has gone in one ear of the newspaper’s leadership and out the other, which isn’t too dissimilar to what might happen to anyone listening to the slop it’s trying to peddle. On Monday, the Jeff Bezos-owned publication doubled down on its… Continue reading Washington Post Says It Will Continue AI-Generating Error Filled Podcasts as Its Own Editors Groan in Embarrassment

We’re Bracing for an Accident Now That Tesla Is Taking the Safety Drivers Out of Its Robotaxis

Illustration by Tag Hartman-Simkins / Futurism. Source: Jay Janner / Austin American-Statesman via Getty Images Tesla is preparing for its Robotaxis to go fully driverless and ditch its human safety monitors, according to CEO Elon Musk, while the rest of us prepare for an accident. Over the weekend, footage circulated on social media showing at… Continue reading We’re Bracing for an Accident Now That Tesla Is Taking the Safety Drivers Out of Its Robotaxis

Jaguar Type 00 EV First Ride: It Still Looks Odd, but It’s Seriously Quick

This all bodes well for when we eventually get to drive the final production of the Type 00. But of course there’s much that can still go wrong between now and then. And considering the company’s form of late, you wouldn’t bet against fate dealing Jaguar yet another bad hand. Glover is clear all this… Continue reading Jaguar Type 00 EV First Ride: It Still Looks Odd, but It’s Seriously Quick