Support for EVs on Capitol Hill does not divide neatly along partisan lines, as a pair of dueling bills in the Senate illustrates. This week, Senator Dean Heller (R-Nevada) proposed legislation that would lift the current cap on EV tax credits. Under current law, once a particular automaker sells 200,000 EVs, the tax credit will… Read more »
Search Results Found For: "Tesla"
CARB announces $200 million in new funding for clean freight transport
Passenger cars get most of the press, but heavy-duty vehicles are arguably even more in need of reducing emissions. In California, there’s a comprehensive (and complicated) plan to electrify everything. The California Air Resources Board (CARB) has announced up to $205 million in new grants for projects to advance clean freight technologies. The grants will… Read more »
Aluminum industry: Administration’s claim that lightweighting costs lives is false
Last week, the US DOT and EPA held public hearings on the Trump administration’s proposal to reverse existing federal fuel efficiency and emissions standards. The administration has attempted to justify the rollback of standards by claiming that higher fuel economy would lead to more highway fatalities because of the trend towards reducing the weight of… Read more »
BMW upgrades battery cells to 120 Ah, boosting 2019 BMW i3 range to 160 miles
BMW has been taking its share of criticism in the EV press lately, because of its lack of new plug-in models, and because it seems to the biggest loser from Tesla’s gains in the luxury sedan segment. But don’t count the Bavarians out just yet. The i3 is as popular as ever, especially in Europe… Read more »
Elon Musk settles with SEC, will resign as Chairman and take it easy on Twitter
Tesla supporters are hoping that a settlement between Elon Musk and the SEC will bring an end to what one commenter called Tesla’s Summer of Needless Drama. Earlier this week, the stock market regulatory agency accused the impulsive Iron Man of misleading investors with his market-moving tweet about a plan to take Tesla private, and… Read more »
SEC sues Elon Musk over the $420 tweet
The US Securities and Exchange Commission has formally accused Elon Musk of misleading investors when he tweeted that he had funding lined up to take Tesla private at $420 a share. The SEC intends not only to impose a fine, but also seeks to bar Musk from serving as officer or director of a public… Read more »
New book tells the fascinating story of Shai Agassi and Better Place
Does anybody remember Better Place? It seems quite a few people do, especially in Israel. Shai Agassi is one of many brilliant businessmen to come from the country that many know as Silicon Wadi or the Start-Up Nation, but according to Brian Blum, the author of the new book Totaled, “Agassi was, and remains one… Read more »
California considers an additional $2,000 EV purchase incentive
The California Air Resources Board (CARB) will hold a hearing this week to consider increasing the state’s plug-in vehicle purchase incentive from the current $2,500 to $4,500, in order to compensate for the phase-out of federal subsidies on Tesla and GM vehicles. The $7,500 federal EV tax credit is designed to sunset for each individual… Read more »
Lucid Motors scores $1 billion investment from Saudi fund
Lucid Motors has executed a billion-dollar investment agreement with the Public Investment Fund of Saudi Arabia (PIF). Lucid plans to use the funding to complete engineering development and testing of its Lucid Air luxury sedan, finish building its Arizona factory and begin production. Silicon Valley-based Lucid Motors, which has a number of former Tesla execs… Read more »
Fleet electrification? What’s that? Amazon orders 20,000 fossil-powered vans
Delivery trucks are ideal candidates for electrification, and they deliver long-term cost savings as well as cleaner air and quieter operation. Major fleets around the world, including FedEx and USPS, are testing them. A few operators have already passed the pilot stage, and placed substantial orders: Deutsche Post designed and built its own electric delivery… Read more »