Lucid Motors ($LCID) has posted its financial results for Q3 of 2022 ahead of its earnings call with investors later this afternoon. EV production and Air deliveries continue to grow while cash on hand continues to shrink. Still, Lucid Motors appears to be in good shape headed into 2023 as it looks to soon launch its second model, Project Gravity.. More…
Category: Electrek
Here’s how much states and cities could save by converting to electric vehicles right now
Electric vehicles can now save state and local fleets money while protecting the communities they serve from harmful air pollution. New incentives are making EVs cheaper to implement than ever, provoking the question: Why not?. More…
Japan’s government wants to remotely control private ACs to avoid power outages
The Japanese government is discussing the possibility of remotely controlling privately owned ACs and water heaters in order to avoid power outages as the country switches to renewables. More…
Theron Reever: Electric ATV that will make you stop waiting for the Tesla Cyberquad
Today, we bring you an exclusive first-drive review of the Theron Reever, an electric ATV that could make you stop waiting for the Tesla Cyberquad and set the stage for a new segment being electrified. More…
Honda EM1 unveiled as company’s first electric moped in Europe
Honda took to the EICMA Milan Motorcycle Show today to unveil its first European model with an electric drivetrain, the Honda EM1. More…
How electric vehicles help keep the lights on with bidirectional charging during extreme weather events
You know how frustrating it can be if you’ve lost power for several days (or weeks). No running water and your internet, refrigerator, and other kitchen appliances are down – it’s complete darkness at night. Electric vehicles featuring large, powerful batteries and bidirectional charging capabilities are helping keep the lights as extreme weather events like hurricanes are on the rise.. More…
France to require all large parking lots to be covered by solar panels
In France, solar just got a huge boost from new legislation approved through the Senate this week that will require all parking lots with spaces for at least 80 vehicles – both existing and new – to be covered by solar panels. More…
Rivian (RIVN) Q3 earnings preview: Will rising costs slow production ramp?
Rivian ($RIVN) is set to deliver its third-quarter earnings Wednesday, November 9, after the bell as the EV maker comes under the microscope into year’s end. Can Rivian continue expanding operations, or will inflationary pressure slow its momentum? In this Rivian Q3 earnings preview, I’ll discuss what to look for as the EV startup attempts to establish its position in the growing electric vehicle market. More…
Tesla (TSLA) earns 8 times more per car than Toyota
Tesla (TSLA) is now earning eight times more per car than Toyota, and they are starting to notice back in Japan. More…
Could these tiny, low-cost electric cars help save America’s cities from massive vehicles?
As the cars on US roads grow larger and heavier every year, perhaps going electric simply isn’t enough. To take back our cities from massive trucks and SUVs while simultaneously promoting affordable and efficient electric vehicles, New York-based startup Wink Motors thinks it has the answer. More…
Porsche has produced its 100,000th Taycan electric car
Porsche announced today that it has produced its 100,000th Taycan electric car, and it is highlighting some of them out there that are getting significant mileage. More…
Nikola (NKLA) partners with ChargePoint and will sell entire portfolio of charging solutions to fleets
EV automaker Nikola Corporation has announced a new partnership with EV charging network ChargePoint Holdings Inc to expand charging infrastructure for EV fleets across the United States. Through the partnership, Nikola will gain access to ChargePoint’s entire lineup of charging solutions, including management software, and resell those products to its fleet customers. More…
Tesla pulls another demand lever in China
Tesla has pulled on another demand lever in China by creating some urgency to get an insurance incentive worth ~$1,000 as it tries to increase sales at the end of the year. More…
A quarter of US coal-fired power will retire by end of 2029 – and gas may have peaked
Nearly a quarter of the 200,568 megawatts (MW) of coal-fired capacity currently operating in the US has reported plans to retire by the end of 2029, the US Energy Information Administration (EIA) reported today. More…
2023 Kia EV6 price starts at $49,795 – $7K more than 2022’s base price
Kia is dropping the base “Light” trim level of its popular EV6 for 2023, resulting in a new base model price of $48,500 for its “Wind” trim level (plus a $1,295 destination charge). This is a $1,000 increase for the Wind trim level, but with the new absence of the “Light” trim, this means the cheapest EV6 is now $7,100 more than 2022’s cheapest EV6. More…
Quick Charge Podcast: November 7, 2022
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. More…
Here’s why heartland states lag behind the coasts on EV adoption
Retail sales of EVs have yet to fully take off in the US heartland states, according to new analysis from S&P Global Mobility. How come. More…
Foxconn is investing another $70 million in Ohio’s Lordstown Motors to pursue revamped ‘EV program’
Global tech company Foxconn has announced it will invest at least another $70 million and up to $170 million total in EV startup Lordstown Motors. Foxconn’s $70M investment in Common Stock shares of Lordstown will help the company with its corporate strategy, while the two parties are shifting their previously announced $100 million joint venture into a Preferred Stock investment that will fund a “new EV program” run within Lordstown Motors instead. More…
Amazon meeting holiday demand with fleet of over 1,000 Rivian electric vehicle delivery vans
The holiday season is quickly approaching, and you know what that means – Amazon’s delivery fleet will be out in full force. However, this year may look a little … cleaner, as the e-commerce giant says over 1,000 Rivian electric delivery vans (EDVs) are set to make their first holiday-season appearance. More…
A 30 mph full-suspension electric scooter that looks striking and rides great: Kugoo Kirin G3 review
There are so many electric scooters these days that it’s becoming hard to keep them straight, so let’s complicate things even more by throwing another one into the mix! It’s time to take a deep dive into the Kugoo Kirin G3 electric scooter and see how it stacks up against the rest of the market. More…