The Average Electric Car Now Costs $54,000

The Average Electric Car Now Costs ,000

Photo: Christopher Furlong (Getty Images) The average cost of buying an electric car is now $10,000 more than purchasing a gas-powered vehicle, Japanese lawmakers want to cut targets for zero-emission vehicles, and the Hyundai Ioniq 5. All that and more in The Morning Shift for June 27, 2022. 1st Gear: The Average Cost of EVs … Read more

All new passenger cars will be electric by 2040

All new passenger cars will be electric by 2040

Even Exxon Mobil thinks electric vehicles are the future. The oil giant is predicting that by 2040, every new passenger car sold in the world will be electric, CEO Darren Woods told CNBC’s David Faber in an interview. In 2021, just 9% of all passenger car sales were electric vehicles, including plug-in hybrids, according to … Read more

How the massive EV transition is starting in the car rental industry

How the massive EV transition is starting in the car rental industry

Tesla Model 3 electric vehicles at a Hertz airport location. Photo by ER Davidson Not long after Hertz Global Holdings emerged from bankruptcy last summer, reorganized after the Covid-19 pandemic stalled the entire car rental industry, the Estero, Florida-based company boldly announced a $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by … Read more

GMC Raises The Price Of The Hummer EV

GMC Raises The Price Of The Hummer EV

2024 GMC Hummer EVImage: GMC Friday, June 17th is a big deadline if you’re interested in reserving a GMC Hummer EV. It’s being reported that any reservations for the Hummer EV placed after June 17th, 2022 will see a price increase of over $6,000 on all versions of the massive car. GMC seemed to try … Read more

GM Plans To Return To Europe With Hummer And Cadillac EVs

GM Plans To Return To Europe With Hummer And Cadillac EVs

Image: GMC General Motors is thinking of returning to Europe — and as Bloomberg reports, the company is thinking of making a comeback starting with the huge GMC Hummer EV along with other EV models. The Hummer might pose a problem for European drivers, though: Most of them wont be able to drive it without … Read more

This Road Wirelessly Charges Electric Cars as They Drive

This Road Wirelessly Charges Electric Cars as They Drive

As prices drop and availability increases, some of the last road blocks to mass adoption of electric vehicles is range anxiety and charging times. Goal has prototype test track in Italy solves both of those issues by borrowing the same technology that makes it easy to charge your smartphone without wires. Although the earliest EVs … Read more

You’ll Be Able to Rent a Polestar Electric Vehicle From Hertz

You’ll Be Able to Rent a Polestar Electric Vehicle From Hertz

Image: Polestar I’ll tell you something: Until about two weeks ago, when I landed in a Best Buy parking lot to purchase something I bought later that afternoon from an online retailer, I wasn’t entirely convinced Polestar actually manufactured cars for people to buy. Oh sure; you could drive them, if you were a journalist … Read more

Uber and Waymo Want to Make Self-Driving Freight Trucks a Thing

Uber and Waymo Want to Make Self-Driving Freight Trucks a Thing

Uber and Waymo have put the past aside, and are now in it for the long haul. On Tuesday, the two companies, previously legal foes, announced a new partnership. Together, they’re planning to combine Waymo’s self-driving technology with Uber Freight’s shipping network to help automate long-distance trucking. Although a version of reality where highways are … Read more

Goldman: The Battery Metal Bull Market Is Over

Goldman: The Battery Metal Bull Market Is Over

The bull market for some of the key battery metals is over, at least in the near term, after a jump in investment in supply ahead of the demand trend, according to Goldman Sachs. Lithium, cobalt, and nickel—the metals crucial to advancing the energy transition—still face a supercycle ahead, but only after 2024. Before that, … Read more