Are investors farsighted or foolhardy? A little of both, in our view—but there’s no question that Wall Street believes in an electric future. EV startup Rivian went public last week, raising nearly $12 billion to give the company a valuation of around $77 billion. Since then, RIVN stock has soared, making the company one of… Read more »
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Book review—Power Play: Tesla, Elon Musk, and the Bet of the Century
Considering the massive media coverage of Tesla over the last decade, it may seem surprising that there aren’t more books about the company. When I first released my history of Tesla in 2014, I expected to have a short window of exclusivity before a “real” book—one with a hard cover and celebrity blurbs on the… Read more »
TeraWatt Infrastructure aims to address the massive energy capacity needs of EV fleet charging depots
As more fleets of medium- and heavy-duty vehicles go electric, there’s a growing awareness that building the necessary charging infrastructure will be a complex proposition, requiring specialized expertise and considerable capital. Fleet vehicle depots will need to incorporate not only charging stations, but energy management systems, and possibly energy storage and on-site generation. These sites… Read more »
Here come the electric pickup trucks! Rivian R1T in production, Ford boosts investment in F-150 Lightning
A startup EV-maker has won the symbolic victory of producing the first mass-market electric pickup truck. The first production Rivian R1T electric pickup truck has rolled off the assembly line at the company’s factory in Normal, Illinois. “After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line,” wrote… Read more »
Tesla co-founder JB Straubel’s company to produce battery materials in US
Redwood Materials, the battery recycling venture founded by former Tesla CTO JB Straubel, came out of stealth mode last year, and announced that it is recycling scrap from Panasonic’s battery cell production at Tesla’s Gigafactory Nevada. In July, it raised $700 million in new investment. Now Redwood has dropped a bit of a bombshell: it… Read more »
Toyota actively lobbies against support for EVs
Toyota has earned a place in the history of transport electrification. The Japanese automaker’s introduction of the Prius hybrid in 1997 was a milestone. Since then, the company has sold some 15 million hybrids worldwide, and has gradually added hybrid powertrains to more of its offerings—a majority of Toyota and Lexus models are now available… Read more »
Rivian files for IPO at $80 billion valuation
Rivian Automotive has filed for an initial public offering and is seeking a roughly $80 billion valuation, Bloomberg reports. The Irvine, California-based EV startup has submitted its S-1 registration to the Securities and Exchange Commission, and hopes to make its IPO around the Thanksgiving holiday. Among the thundering herd of EV startups, Rivian is widely… Read more »
Tesla says fire incidents are 11 times lower for its vehicles than for the average US vehicle
A vehicle catching fire is no more newsworthy than a dog bite—unless of course it’s an EV that goes up in flames. Tesla, which suffered a spate of bad publicity following three highly-publicized vehicle fires in 2013, wants to set the record straight. In its 2020 Impact Report, the company presents data to demonstrate that… Read more »
AMPLY Power offers EV fleets guaranteed uptime and zero charging challenges
AMPLY Power says its charging as a service model provides 99.9% uptime, critical to scaling EV deployments Fleet charging management may not be the most glamorous segment of the EV industry, but it is emerging as an extremely important component of the future EV ecosystem. As commercial fleets electrify, they are finding that they need… Read more »
Raising the bar in EVSE infrastructure
Sponsored by Starline Track Busway Automakers have taken bold steps forward in the development of rapid and robust electric vehicle offerings. Those efforts have not gone unnoticed. The combination of more competitively priced electric car models and improvements in battery technology have provided peace of mind for consumers looking to travel 200 miles on a… Read more »