Revel is expanding its rideshare fleet in New York City with the addition of a new electric vehicle model: the Kia Niro. Revel plans to add nearly 50 units of the Niro to its fleet of more than 230 Tesla Model Y and Model 3 vehicles, giving rides to New Yorkers in all five boroughs,…
Tesla in India is getting serious, yet again, after the government has reportedly discussed a roadmap report from the electric vehicle maker as negotiations for the company’s arrival in the country seem somewhat imminent. Indian government officials have already asked Tesla if it is serious about setting up a manufacturing plant in the country, it…
Ford and Uber are teaming up to offer a new leasing option for rideshare drivers that will help encourage them to go electric using Ford Mustang Mach-E models in select U.S. cities. Ford Drive will help offer flexible leasing options to rideshare drivers in San Diego, San Francisco, and Los Angeles that will range between…
The Volvo EX30 electric vehicle (EV) appears to take after Tesla’s unique interior design. The Europe-based automaker recently released a few details about the EX30 electric vehicle before its official unveiling on June 7, 2023. With only a week or so away from Volvo EX30’s official debut, the European car maker shared a few tidbits about…
LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. Each company holds a 50% stake in the joint…
Toyota is taking the leap and investing more in the United States. The veteran automaker plans to invest more in its North Carolina battery plant in preparation for a new battery-electric SUV. Toyota’s electric SUV will be assembled in the United States, qualifying for the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax incentives. Toyota…
Tesla is reportedly planning to show off its new Model 3 “Highland” during CEO Elon Musk’s visit in China this Thursday. Tesla has been rumoredly developing a new, revamped version of its mass-market sedan for nearly a year. Last year, several reports came out during the Fall that indicated Tesla was in the process of…
Tesla has started delivering cars with less range for safety reasons while also offering free Supercharging for the inconvenience, but the reasoning is vague and strange as the message the company gave to customers is void of real details. According to Reddit user u/W-001, Tesla gave the following message through email when delivery was imminent: “Due…
ETF issuer GraniteShares has announced that it will close one of its single-stock leveraged ETFs tied to American electric vehicle maker Tesla, the GraniteShares 1x Short TSLA Daily ETF (NASDAQ:TSLI). The ETF did not last long, as it was only launched last year. When it was launched, the GraniteShares 1x Short TSLA Daily ETF aimed to offer…
Ford CEO Jim Farley gave a bold prediction regarding EV price parity, stating that he does not believe it will come until after the end of the decade, which holds somewhat brash consequences for the adoption of sustainable powertrains as automakers aim to lower costs. Since the beginning of the more widespread production of electric…