Autonomous taxis are coming, perhaps sooner than people think. Uber recently announced a trial of self-driving taxis in Pittsburgh, but followers of the tech scene were disappointed to learn that the company will not be using EVs, but legacy gas-guzzling SUVs. As it happens, the California giant has been scooped by a small MIT spin-out… Read more »
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GM/Lyft Express Drive rental program expands to California, adds EVs
GM and Lyft plan to expand their Express Drive short-term vehicle access program to California and Colorado. California members will have access to the Volt, and the upcoming Bolt when it becomes available later this year. GM invested $500 million in Lyft in January. Express Drive, which began earlier this year in select cities including… Read more »
ABI Research: Global EV revenue will reach $58 billion in 2021
ABI Research forecasts that global EV revenue will quintuple by 2021, to reach $58 billion. Converging trends such as multimodal transport and ride-sharing will help to drive the rapid growth. “The role of vehicle electrification in urban areas is part of a broader smart mobility model that includes shared vehicles, charging options, and driverless electric… Read more »
Seattle announces new plan to promote EVs
Seattle is expanding its efforts to promote plug-in vehicles with a new plan called Drive Clean Seattle that the city calls “one of the most comprehensive plans in the country to electrify transportation.” The City of Seattle already has some 300 hybrids, 10 PHEVs and 79 LEAFs in its municipal fleet, and it will be… Read more »
Tesla Model X: The all-electric crossover hits the road
Tesla was founded on a single profound insight: If you want to sell EVs, you have to sell them the way all other cars are sold – not on practicality, but on style and glamor. A related idea is summed up in Elon Musk’s oft-stated promise to build “not just the best electric cars, but… Read more »
Faraday Future offers a peek under its veil
The California-based EV startup Faraday Future (FF) has presented innovative ideas and assembled a talented team, raiding the ranks of such companies as Tesla, BMW, Audi, Apple, SpaceX, and Hulu. So far however, it has offered few details about its organization or its strategy. More is sure to be revealed soon. The company will participate… Read more »
Kandi and partners aim to link EVs with Big Data and the cloud
Kandi Technologies (NASDAQ: KNDI), a Chinese firm that manufactures EVs and offers them for short-term hire using automated multilevel garages, has formed a strategic partnership with several companies in the automotive and internet fields to promote connected EVs. The partners include Geely Automobile, which already operates a joint venture with Kandi, Internet giant Alibaba, which… Read more »
Tesla: cost of providing Supercharging “immaterial”
Stock-market pundits are all over the map when it comes to Tesla. One recently predicted that the EV-builder’s stock price is poised to double, thanks mostly to a new Uber-like business that, so far, exists only in said pundit’s writings. Another insists TSLA is heading for a crash, claiming that the company loses money on… Read more »
Tesla Autopilot features begin beta testing
Is this the beginning of the end for taxis, Uber, and driving as we know it? Or just another nifty feature for the Model S? Either way, Tesla has begun live beta testing of some new Autopilot features. The latest software update, Autopilot 7.0, has been sent out to a small group of Model S… Read more »
Tesla trims projected production, stock stumbles
For Tesla, a quarterly earnings announcement often triggers a drop in the stock price, because nothing less than spectacular success can justify the company’s sky-high valuation. This time, the Seers of Silicon Valley really did disappoint, saying they expect to deliver “50,000 to 55,000” vehicles this year, backing off an earlier target of 55,000. Punishment… Read more »
