Crown Prince Mohammed bin Salman Launches Saudi Arabia’s First EV Brand

Crown Prince Mohammed bin Salman Launches Saudi Arabia’s First EV Brand

Saudi Arabia’s crown prince Mohammed bin Salman has launched the country’s first EV brand, Saudi news agency SPA said on Thursday. The new brand of EVs, Ceer, a JV between Saudi Public Investment Fund (PIF) and Hon Hai Precision (Foxconn) is expected to add $8 billion to the country’s GDP by 2034, and is expected … Read more

GM EVs Will Qualify for Full $7,500 Tax Credit in 3 Years: CEO

GM EVs Will Qualify for Full ,500 Tax Credit in 3 Years: CEO

Photo: Chevy The new requirements for an automaker to qualify for the full $7,500 EV tax credit set a high bargoal General Motors CEO Mary Barra believes the company will get there quickly. Bloomberg reports that on a call with analysts last week, Barra said it should take less than three years for GM EVs … Read more

Lithium Is Up 220% And This Is What You Need To Know

Lithium Is Up 220% And This Is What You Need To Know

In the current year, we have witnessed a gravity-defying commodity rally after the shuttering of Ukrainian ports, sanctions against Russia and disruption in Libyan oil production sent energy, crop, and metal buyers scrambling for replacement supplies. Tea price of copper doubled; wheat more than doubled while global indices of commodity prices almost tripled from April … Read more

Honda: Lithium-Ion EV’s Won’t Reach Price Parity With Gasoline Cars

Honda: Lithium-Ion EV’s Won’t Reach Price Parity With Gasoline Cars

As Honda gears up for its debut Acura EV, the price tag that comes with existing battery technology and soaring battery metals costs suggests that ICE vehicles will maintain the cost-competitive edge for some time, Honda’s VP of sales for America told TheDrive. Earlier this month, Ford CEO Jim Farley echoed these sentiments, saying that … Read more

Toyota offers to buy back recalled bZ4X fully electric SUV from customers

Toyota offers to buy back recalled bZ4X fully electric SUV from customers

The 2023 Toyota bZ4X in San Diego, Calif.Petrina Gentile/The Globe and Mail Toyota Motor Sales USA Inc. is offering full refunds and incentives for the bZ4X, the automakers first all-electric vehicle, because of concerns over the wheels falling off. In June, Toyota recalled all the bZ4X that had been delivered worldwide – about 2,700 vehicles … Read more

‘Good news for Canadian workers’: Relief greets major US deal for electric vehicles

‘Good news for Canadian workers’: Relief greets major US deal for electric vehicles

Canada’s auto sector is breathing easier after a US deal to scrap “buy American” provisions in an electric vehicle tax-credit plan and widen them to all vehicles made in North America. The federal and Ontario governments had been fighting the protectionist push from President Joe Biden’s administration for more than a year, warning it threatened … Read more

New EV Battery Boosts 1,000km Range

New EV Battery Boosts 1,000km Range

A new battery from Contemporary Amperex Technology Co Ltd promises to resolve one of the chief complaints that drivers have with electric vehicles: battery range. The next-generation Qilin battery—named after a Chinese mythical creature that appears with the imminent arrival or passing of a sage or respected leader—has a range of more than 620 miles … Read more

Elon Musk, Could This Hack Get Your Tesla Stolen?

Elon Musk, Could This Hack Get Your Tesla Stolen?

Photo: Spencer Platt (Getty Images) Tesla’s cars are notoriously hackableand a new video demonstrates a way an adept cybercriminal could hop inside your car’s system and take it for a ride if they’re nearby. First reported by Ars Technica, the exploit involves manipulation of a relatively new feature that Tesla added last August. The feature … Read more

Teslas Brake for No Reason. It’s Not Autopilot’s Problem Only

Teslas Brake for No Reason.  It’s Not Autopilot’s Problem Only

An aerial view of Teslas parked at the company’s Fremont, CA facilityPhoto: justin sullivan (Getty Images) The National Highway Traffic Safety Administration (NHTSA) has released a damning report on Tesla’s Level 2 driver assist systems, called Autopilot and Full Self-Driving. Over 750 Tesla owners have reported their vehicles have mysteriously stopped on roads for no … Read more

Electric car shortages persist amid high gas prices | CTV News

Electric car shortages persist amid high gas prices |  CTV News

TORONTO — Sticker shock at the pump is driving more and more Canadians towards buying an electric vehicle. But manufacturers are having trouble keeping up with the demand, leading to long wait times for buyers. In parts of the country, gas prices exceeded $2 per liter last month amid strong global demand for oil combined … Read more