Luxury Italian carmaker Lamborghini is set to invest a minimum of €1.8 billion to produce a new hybrid lineup by 2024 and to release a fully electric model by the end of the decade. The announcement comes as the European Union agrees to ban the sale of petrol and diesel cars by 2035 in a […]
In a Tuesday statement, the EV company said it will launch a limited number of its Lucid Air Dream Edition P and R sedans for customers in Germany, Switzerland, Norway, and the Netherlands, adding that it would price its Air Dream Edition P/R at approximately €218,000 in Germany. Last week, Lucid said it would increase […]
Elon Musk has been named Time magazine’s “Person of the Year” for 2021, a year that saw Tesla become the most valuable carmaker in the world and Musk's space company SpaceX carry an all-civilian crew to the edge of space. Tesla’s market value rocketed to more than $1 trillion this year, making the electric vehicle […]
According to an email obtained by CNBC, on Friday, Tesla CEO Elon Musk urged staff to reduce the cost of customer deliveries, rather than rushing orders out to hit the company’s end of quarter sales goals. The email comes amid ongoing rising shipping costs. 2021 has seen Tesla struggle to deliver new vehicles to customers […]
Ford has teamed up with Purdue University to create a prototype of a cable that could fully charge an electric vehicle’s battery in just five minutes. While there is still work to be done, the cable could nonetheless help overcome the final major obstacles preventing the adoption of EVs from becoming mainstream. Currently, slow charging […]
The new sports utility vehicle is likely to be a successor to the manufacturer's current SUV, the G3 and the G3i. It's scheduled to be launched at the Guangzhou auto show on November 19. Following the news, Xpeng shares were up 10% in afternoon trade in Hong Kong. Xpeng currently sells two sedans, the P5 […]
New data from Experian shows that 294,218 electric vehicles were sold between January and August of this year. Although this figure only accounts for 2.7% of total automobile sales, it nonetheless represents a 114% increase when compared to the same period of 2020. Out of the 294,218 electric vehicles sold, 194,165 (or 66%) were Teslas, […]
On Wednesday, the world’s premiere motorsport unveiled plans to develop its own 100% sustainable fuel. It is hoped that the new fuel will help save the internal combustion engine by bringing the carbon emissions of Formula 1 cars down to net-zero. F1 had already planned to switch to cleaner-burning fuel, E10, next season, but has […]
The responsibility of building a global response to climate change rests on big business. Even those not involved in the energy sector must overhaul the way they operate to create a real change.
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