Dearly beloved, we are gathered here today to celebrate the life of the electric vehicle tax credit. Signed into law by former President Joe Biden in 2022 as part of the Inflation Reduction Act, for the duration of its three-year life, the electric vehicle tax credit eased the financial burden for manufacturers and consumers as […]
Looking to Buy an Electric Vehicle? You Should Do It Before October
For more than a decade now, climate-friendly policy has protected and boosted the American electric vehicle industry. In the past two years, that has been in the form of the electric vehicle tax credit that was a part of former President Joe Biden’s Inflation Reduction Act. Now, all of that is due to expire on […]
Plagued by Parts Shortage and EV Demand Uncertainty, GM Prepares for Layoffs
Automotive giant General Motors is preparing for layoffs at its assembly plant in Wentzville, Missouri. Although the layoffs will be temporary, the majority of the workers at the plant will be affected, according to a letter sent to employees by the plant’s executive director and the local UAW representative. GM’s Wentzville plant builds the company’s […]
Touted As The Tesla-Killer, Lucid Scrambles to Stay On The NASDAQ
Beleaguered electric vehicle company Lucid Motors (LCID) has implemented a reverse stock split, consolidating shares to meet NASDAQ’s $1 minimum trading price and prevent delisting. As of Friday, Lucid’s share price was down over 96% from its all-time high of $64.86, reached in February 2021. While this move may protect the company from being removed […]
Dead EV Batteries Are Hoarding a Shocking Amount of Useful Lithium
The lithium batteries we deem unfit for use in electric vehicles might still contain copious amounts of usable, pure lithium we could retrieve and reuse—a potentially consistent, bountiful supply we’re just not trying hard enough to tap into, a new study suggests. In a study published August 14 in the Journal of Environmental Management, researchers […]
What’s Going On at Tesla? A Wave of Executives Is Heading for the Exits
What’s going on at Tesla? The electric vehicle manufacturer, navigating a challenging business landscape marked by increased competition and evolving consumer sentiment, also appears to be facing a significant internal crisis: a rapid exodus of top talent. Elon Musk’s group has now lost its 10th executive this year. The latest departure is Piero Landolfi, who […]
Ford’s Secret Weapon to Beat Tesla Is a $30,000 EV Truck
Just as the American EV market braces for a potential collapse, Ford is making a shocking pivot. With federal tax credits set to disappear on September 30 and demand expected to plummet, the automaker is doubling down with an additional $2 billion investment in battery-electric vehicles (BEVs). But it’s doing so with a new strategy […]
The Great American EV Tax Credit Rush Has Begun
The great EV buying frenzy has officially begun. In the last 48 hours, Tesla has seen delivery times for some of its most popular models skyrocket from a few weeks to nearly six months, a clear signal that consumers are stampeding to buy an electric vehicle before a crucial federal tax credit disappears for good. […]
Tesla’s Cybertruck Is Suddenly Sold Out (Sort Of)
After months of being a commercial disaster, something curious is happening with the Tesla Cybertruck. For the first time since its troubled launch, Elon Musk’s futuristic pickup is showing signs of life. The wait time for the Cybertruck’s cheapest model has suddenly stretched to over a month, suggesting a spike in demand for a vehicle […]
Cybertruck Leads Tesla’s Used-Car Collapse
The Tesla Cybertruck was supposed to be the future. Unveiled in a now-infamous 2019 event where its supposedly “bulletproof” windows shattered on stage, the sci-fi pickup, with its polarizing stainless-steel design, was hyped by CEO Elon Musk as an indestructible vehicle that would completely disrupt the lucrative truck market. Today, that future looks like a […]