Latest Electric vehicles News
New US rules, aimed at curbing China, could make it harder for EV buyers to claim a full tax credit
WASHINGTON (AP) — Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules proposed Friday that are likely to hinder President Joe Biden’s goal that half of new passenger vehicles sold in the U.S. run on electricity by 2030....
GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive
DETROIT (AP) — General Motors is losing money on every electric vehicle it sells, but the company says it's on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing, and sees battery cost reductions. ...
5 reasons why COP 28, the UN climate talks, are worth your attention
DUBAI, United Arab Emirates (AP) — Ask most people what the annual U.N. climate talks are and the likely answer will be: “Huh?” Ask those who do know and the answer may be: “Why should I care?" The negotiations, called Conference of Parties, are nearly two weeks long and in...
Autoworkers strike cut Ford sales by 100,000 vehicles and cost company $1.7 billion in profits
DETROIT (AP) — A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday. Additional labor costs from the four-year and eight-month agreement will total $8.8 billion by...
Coal-producing West Virginia is converting an entire school system to solar power
CHARLESTON, W.Va. (AP) — An entire county school system in coal-producing West Virginia is going solar, representing what a developer and U.S. Sen. Joe Manchin's office touted on Wednesday as the biggest-ever single demonstration of sun-powered renewable electricity in Appalachian public schools....
New technology installed beneath Detroit street can charge electric vehicles as they drive
DETROIT (AP) — Crews have installed what's billed as the nation's first wireless-charging public roadway for electric vehicles beneath a street just west of downtown Detroit. Copper inductive charging coils allow vehicles equipped with receivers to charge up their batteries while...
Consumer Reports: Electric vehicles less reliable, on average, than conventional cars and trucks
DETROIT (AP) — Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 through 2023 model years encountered nearly 80% more problems than did vehicles propelled...
Humanoid robots are here, but they're a little awkward. Do we really need them?
Building a robot that’s both human-like and useful is a decades-old engineering dream inspired by popular science fiction. While the latest artificial intelligence craze has sparked another wave of investments in the quest to build a humanoid, most of the current prototypes are...
GM says it can handle rising labor costs as it announces huge share buyback and dividend increase
DETROIT (AP) — Clearly frustrated with its languishing share price, General Motors on Wednesday announced a massive stock buyback plan, raised its dividend and told investors it can absorb increased labor costs from a six-week autoworkers strike. The Detroit company said it lost...
Toyota selling part of Denso stake to raise cash to develop electric vehicles
TOKYO (AP) — Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday. The move is estimated to raise about 290 billion yen ($2 billion), given recent share...
