Given the ease to consumers of using an Uber, car rental companies were forced to up their game. Hertz’s deal with Tesla helps its need to restock fleet post pandemic, and garnered much positive press. Photo by Charlie Deets on Unsplash The rental car and electric vehicle worlds have been abuzz with the announcement of a “deal” between Hertz… Continue reading Parsing Hertz’s Big EV Bet
Tag: Tesla
Autos & TransportationU.S. Democrats’ plan boosts EV tax credit eligibility to pricier trucks, SUVsNovember 3, 2021
Electric cars sit charging in a parking garage at the University of California, Irvine January 26, 2015. REUTERS/Lucy Nicholson/File Photo WASHINGTON, Nov 3 (Reuters) – Democrats in the U.S. House of Representatives released an updated social spending and climate measure on Wednesday that expands a proposed $12,500 tax credit to pricier zero-emission vehicles, while lowering… Continue reading Autos & TransportationU.S. Democrats’ plan boosts EV tax credit eligibility to pricier trucks, SUVsNovember 3, 2021
Autos & TransportationTesla added to Uber London plan to boost electric car uptakeNovember 3, 2021
LONDON, Nov 3 (Reuters) – Tesla cars from Wednesday will be available to Uber (UBER.N) drivers in London looking to buy or lease a green vehicle as part of an incentive scheme to boost electric car use, the ride-hailing app said. Since Uber introduced a clean air fee, which adds 3 pence (4 cents) to… Continue reading Autos & TransportationTesla added to Uber London plan to boost electric car uptakeNovember 3, 2021
Fisker is on target to launch the Ocean electric SUV in November 2022
Fisker provided an upbeat forecast on the ramp-up of its electric automaking business during Wednesday’s third-quarter earnings call, highlighting its manufacturing partnership with Foxconn, a battery supply agreement with Chinese battery giant CATL secured and its on-track production for the company’s debut Ocean SUV. The company confirmed that it will start production of the Ocean… Continue reading Fisker is on target to launch the Ocean electric SUV in November 2022
Biden’s EV subsidy plan draws ire of Japan and European automakers
NEW YORK/WASHINGTON — Japanese and European automakers have cried foul over Washington’s plans to subsidize electric vehicles made by union labor, declaring that the treatment would amount to a two-tiered system favoring a select group of manufacturers. The Biden administration and Democratic lawmakers look to finalize a scheme that would grant a $4,500 tax credit… Continue reading Biden’s EV subsidy plan draws ire of Japan and European automakers
CATL to supply batteries for upcoming Fisker Ocean SUV
Fisker Inc. has announced a formal agreement with CATL to supply batteries to the upcoming Ocean electric SUV, as it approaches production next year. CATL will provide small and large battery packs of different chemistries to Fisker over the next few years, delivering an initial annual capacity of over five-gigawatt hours (GWh). By now, most… Continue reading CATL to supply batteries for upcoming Fisker Ocean SUV
XPeng launches ‘Smart Driving Points’ beta, eerily similar to Tesla’s ‘Safety Score’
Chinese EV automaker XPeng Motors has taken a play out of Tesla’s book and will implement a ‘Smart Driving Points’ scoring system to ensure future owners don’t abuse its self-driving technology. The safety monitoring system has launched in beta form ahead of a 2022 rollout, and appears to be eerily similar to Tesla’s recent ‘Safety… Continue reading XPeng launches ‘Smart Driving Points’ beta, eerily similar to Tesla’s ‘Safety Score’
Tesla’s Elon Musk bemoans German red tape, again
By Reuters Staff 2 Min Read Slideshow ( 2 images ) FRANKFURT (Reuters) – Tesla Inc Chief Executive Elon Musk took to Twitter to bemoan a consultation process launched on Tuesday for local citizens to express objections to a huge factory he is building near Berlin. The process, being repeated over concerns the first time… Continue reading Tesla’s Elon Musk bemoans German red tape, again
New York hedge fund stands to make over $5bn on Avis Budget share surge
Receive free Avis Budget Group Inc updates We’ll send you a myFT Daily Digest email rounding up the latest Avis Budget Group Inc news every morning. A New York hedge fund stands to make billions of dollars on a sudden leap in the shares of Avis Budget, the once ailing rental car company that catapulted… Continue reading New York hedge fund stands to make over $5bn on Avis Budget share surge
Elon Musk’s wealth is now three times more than that of Mukesh Ambani’s
Elon Musk There appears to be no ceiling for the growth in wealth of the world’s richest man and owner of Tesla Inc, Elon Musk. Monday’s over 8 per cent rally in shares of the electric vehicle company saw Musk’s wealth surge $9 billion in a day to over $311 billion. The surge in his… Continue reading Elon Musk’s wealth is now three times more than that of Mukesh Ambani’s