Electric vehicles

Electrification could come at expense of internal combustion vehicles

Electrification could come at expense of internal combustion vehicles (Photo: DTNA)

Electrification in the automobile industry has been steadily increasing, as seen in the rise in its percentage share of new vehicles manufactured every year. Globally, Europe and Asia have been the biggest proponents of electric vehicles.

The concept of electric mobility picked up in these two continents earlier and more pervasively than in North America. While electrification in Asia was mostly due to the urgent need to reduce emissions in highly congested cities, Europe’s embrace of electric...

https://s29755.pcdn.co/news/electrification-could-come-at-expense-of-internal-combustion-vehicles

Tesla to build newest gigafactory in Texas

Tesla semi

Tesla (NASDAQ: TSLA) will build its newest Gigafactory near Austin, Texas, chief executive  Elon Musk announced during the company’s earnings call on Wednesday.

The 2,000-acre site will be used to build the electric vehicle company’s Cybertruck, the Tesla Semi, and the Model 3 and Model Y for the eastern half of North America.

“It will be stunning. It’s right by the Colorado River. It will have a boardwalk,” Musk said during the call. “It will be an ecological paradise.”

Confirming previous...

https://s29755.pcdn.co/news/tesla-to-build-newest-gigafactory-in-texas

Another big day for Tesla – posts Q2 profit

Tesla earnings

Electric vehicle company Tesla (NASDAQ: TSLA) posted a $104 million profit in the second quarter of 2020, riding a boom in regulatory credit revenue and a higher than expected number of vehicle sales despite manufacturing setbacks tied to the coronavirus shutdowns.

The company beat analyst revenue and earnings per share estimates, registering revenues of $6.04 billion compared to consensus estimates of $5.4 billion. Earnings per share clocked in at $0.50 compared to an expected loss per share of...

https://www.freightwaves.com/news/tesla-earnings-results

Tesla gets tax break for proposed $1 billion factory in Austin, Texas

With a key tax break from a local school district, Tesla Inc. (NASDAQ:TSLA) is one step closer to building an electric pickup truck plant in Austin, Texas.

The Del Valle School District just southeast of Austin has approved an incentive package for Tesla that would give the electric vehicle maker $46.4 million in property tax breaks over 10 years if it locates a proposed $1 billion factory on district land.

Tesla is also seeking approval from Travis County commissioners for additional tax...

https://s29755.pcdn.co/news/tesla-gets-tax-break-for-proposed-1-billion-factory-in-austin-texas

Commentary: Do environmental regulations really push markets?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  

Being first in something is not always laudable. For instance, on June 25, 2020 California mandated that truck manufacturers produce increasingly higher percentages of zero-emission vehicles. This mandate applies to any truck manufacturers of Class 2 (e.g., light trucks like the Ford F-150) through Class 8 (e.g., tractors suitable for 18-wheel semi-trailers).

The...

https://s29755.pcdn.co/news/commentary-do-environmental-regulations-really-push-markets

Amazon targets climate change with $2B VC fund

Amazon VC fund

Facing mounting criticism over the environmental impact of its massive e-commerce and data services operations, Amazon.com (NASDAQ: AMZN) on Tuesday announced a $2 billion investment fund focused on “sustainable and decarbonizing technologies.”

The newly formed Climate Pledge Fund will invest in industries and technologies focused on reducing greenhouse gas emissions that contribute to climate change.

“This dedicated investment program will invest in visionary companies whose products and...

https://s29755.pcdn.co/news/amazon-launches-2b-vc-fund

Battery Technology To Get a Facelift by Elon Musk

  • Elon Musk has perhaps the most exciting portfolio of businesses on the planet.
  • There’s SpaceX with its mission to Mars, and Tesla with its super-fast hi-tech electric cars.
  • He claims his Hyperloop concept could revolutionise public transport. And even his Boring Company is kind of interesting – it aims to find new ways to dig tunnels.
  • So which one will end up changing the world most? It is everyone’s contention that it will be his battery business.

A recently published article in BBC written...

https://mfame.guru/battery-technology-to-get-a-facelift-by-elon-musk/

Report: GM starting electric delivery van program

General Motors electric van


General Motors Co. is planning an electric delivery van, adding to the list of carmakers and startups planning vehicles for the last-mile delivery segment, according to a Reuters report.

The GM electric van is code-named BV1, the report stated, and is due to go into production in late 2021 at the automaker’s Detroit-Hamtramck factory.

GM spokesman Stuart Fowle said the company is not confirming the news. The automaker has said previously that it will build several other electric vehicles at the...

https://www.freightwaves.com/news/report-gm-starting-electric-delivery-van-program

Wunder Mobility launches line of light electric vehicles

Wunder Mobility launches its line of light electric vehicles with Chinese manufacturer Yadea (Photo: Wunder Mobility)

Mobility technology platform Wunder Mobility announced the launch of the Wunder Vehicles product in an exclusive business-to-business (B2B) agreement with Yadea, a Chinese light electric vehicle (LEV) manufacturer. In this partnership, Yadea will guarantee the supply of LEVs for Wunder Mobility, as it attempts to introduce its line of vehicles for clients that struggle to source vehicles for their fleets.

Wunder Mobility has long remained a mobility partner to companies and governments,...

https://s29755.pcdn.co/news/wunder-mobility-launches-line-of-light-electric-vehicles

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