$12,500 Federal EV Tax Credit Proposal Reportedly Dropped

The large boost to the federal tax credit for electric vehicles under President Joe Biden’s Build Back Better legislation is officially gone.

Vineeth Joel Patel2022-06-25 08:00 PT

Ford Motor Co Selects its Plant in Spain to Build 'Breakthrough' EVs for the European Market on a Next-Gen Architecture

Ford Motor Co announced on Wednesday that it selected its assembly plant in Valencia, Spain as the site where it will assemble "breakthrough" electric and connected vehicles built on a next-generation EV architecture. Ford says its new EV architecture will be a critical component of its all-electric future in Europe.

Eric Walz2022-06-22 09:30 PT

GM to Invest $81 Million to Hand-Build Cadillac Celestiq in Michigan

General Motors’ Global Technical Center in Warren, Michigan has never been used to manufacture a vehicle before. That’s going to change with the all-electric Cadillac Celestiq flagship luxury sedan.

Vineeth Joel Patel2022-06-20 06:40 PT

Sony, Honda Sign Agreement for Joint EV Brand

The Japanese tech giant and Japanese automaker have officially become partners to create a new business called Sony Honda Mobility Inc. that will manufacture EVs.

Vineeth Joel Patel2022-06-19 07:15 PT

Ford CFO Claims Inflation Has Erased Mustang Mach-E Profits

Inflation and the rising commodity costs of manufacturing vehicles have seen Ford’s cost to manufacture the electric Mach-E skyrocket to levels where the SUV is no longer profitable.

Vineeth Joel Patel2022-06-18 06:45 PT

EV Startup NIO to Launch a New Mass-Market Brand to Rival Tesla with an Annual Capacity of 500,000 Vehicles a Year

Electric vehicle startup NIO Inc. aims to launch a new EV brand offering even more affordable vehicles to better compete against the Tesla Model 3 and Model Y in the China market, said CEO and chairman William Bin Li, on Thursday. The sub-brand will have an annual capacity of 500,000 electric vehicles a year.

Eric Walz2022-06-17 10:00 PT

Audi Hits EV Startup NIO With a Trademark Lawsuit Over its Vehicle Naming

​China’s electric vehicle startup NIO Inc, which is expanding to Europe including Germany, was named in a lawsuit filed from German carmaker Audi over the naming of its electric SUVs. NIO currently offers a seven-passenger SUV named the ES8, as well as a mid-size model named the ES6. Audi says the two NIO models infringe on its trademark for its performance models designations, the S6 and S8.

FutureCar Staff 2022-06-16 10:30 PT

Ford Issues ‘Stop Sale’ of the Electric Mustang Mach-E Over Possible Loss of Propulsion While Driving

On Tuesday, Ford Motor Co issued a “stop sale” for its electric Mach-E SUV to address possible safety problems that could lead to the vehicle to become “immobile”. The problem involves the potential overheating of the vehicle’s high voltage battery main contactors, which is an electrically controlled switch. The issue can lead to a malfunction where the vehicle may not start, or immediately lose propulsion power while in motion.

FutureCar Staff 2022-06-14 13:15 PT

BMW to Test a New Battery in the iX Electric SUV Developed By Michigan Startup Our Next Energy Inc. That Can Deliver 600 Miles of Range

​Automaker BMW will test out a new battery designed by Novi, Michigan-based EV battery startup Our Next Energy Inc. (“ONE”) that could deliver up to 600 miles of range on a full charge. ONE's advanced battery is dubbed the “Gemini”. It reduces lithium content by 20%, graphite by 60% and minimizes the use of nickel and cobalt. The Gemini battery also includes a proprietary energy management system.

Eric Walz2022-06-14 09:15 PT

The Affordable New Smart Brand Electric Crossover Designed by Mercedes-Benz Officially Launches in China

The Smart brand, once was synonymous with the ultra-compact and low-priced Smart Fortwo, is getting a new life as an electric auto brand in China. The Smart brand is now a joint venture between Mercedes-Benz and Chinese automaker Zhejiang Geely Holding Group Co Ltd (“Geely”) named Smart Automobile Co., Ltd. The company officially launched its new electric SUV in China on June 6 dubbed the “Smart #1”.

FutureCar Staff 2022-06-09 13:00 PT

Reservations for the Electric Fisker Ocean SUV Reach 50,000, The Company Shares New Details About its Second EV Being Built by Foxconn

Demand remains solid for the first vehicle from EV startup Fisker Inc. The electric automaker announced on Wednesday that customer reservations for the battery-powered Fisker Ocean SUV have reached 50,000. Fisker also shared new details about its second vehicle, the PEAR (“Personal Electric Automotive Revolution”), which will be an advanced urban EV.

Eric Walz2022-06-08 06:15 PT

Solid State Battery Startup Solid Power Completes its EV Cell Pilot Production Line

Solid state battery startup Solid Power announced the completion of its pilot production line that will produce the first advanced battery cells for electric vehicles that can deliver longer ranges. The company has dubbed it the “EV cell pilot line”. Solid Power will produce the first energy dense Silicon EV Cells for internal testing before delivering them to its automotive partners BMW and Ford Motor Co. for further automotive qualification testing.

Eric Walz2022-06-06 09:30 PT

Ford Looks to Have 100% of EV Sales Be Online

Ford is looking to transition the sale of its electric vehicles to be fully online and involve a non-haggle price.

Vineeth Joel Patel2022-06-06 06:15 PT

Chevrolet Bolt EV, Bolt EUV Get Dramatic Price Cuts

With the new price tag, the 2023 Chevrolet Bolt EV becomes the most affordable electric car in the U.S.

Vineeth Joel Patel2022-06-04 07:00 PT

Electric Hypercar Developer Rimac Raises $500 Million Euro in Series D Round, Investors Include Porsche, Softbank and Goldman Sachs

Electric sports car maker Rimac Group (“Rimac”) has raised $500 million Euro in its latest Series D funding round. The funding round was led by SoftBank Vision Fund 2 and the Private Equity business within Goldman Sachs Asset Management, with participation from existing Rimac shareholders InvestIndustrial and automaker Porsche.

Eric Walz2022-06-01 11:00 PT

GM’s Buick Division is Getting a Makeover, Will Only Offer Electric Vehicles by the End of the Decade

General Motors division Buick will become a fully-electric brand by the end of the decade. The automaker also announced that the first of these new Buick EVs will debut in 2024. Buick’s future EV products will also carry the "Electra" name, drawing inspiration from the brand’s history.

FutureCar Staff 2022-06-01 08:30 PT

Toyota and Stellantis to Partner on a Large Commercial Van for the European Market, Including an All-Electric Version

Automaker Stellantis is partnering with Toyota Motor Europe on a new large-size commercial van, which will also be offered in a fully-electric version. The new vehicle will round out the lineup of vans produced as part of the agreement between the two automakers, which also includes a compact, mid-size commercial vehicle for the European market.

FutureCar Staff 2022-05-31 10:30 PT

Volkswagen CEO Believes It Will Overtake Tesla in EV Sales by 2025

Speaking with CNBC, VW CEO Herbert Diess stated that alleviating supply chain issues would create some momentum for the automaker to overtake Tesla in sales of electric vehicles within the next few years.

Vineeth Joel Patel2022-05-29 05:00 PT

Tesla Rival NIO Inc is Hiring Manufacturing Specialists for a U.S. EV Factory, Reports Say

Electric vehicle startup NIO Inc, which is emerging as one of Tesla’s biggest rivals in China, is reportedly looking to build a EV factory in the U.S., a local news outlet reported on Friday, citing new job listings posted by the automaker in China. The job description says that candidates for overseas manufacturing park planning specialists are required to have experience managing two or more complete master plan projects, at least one of which should be in the U.S.

Eric Walz2022-05-27 13:30 PT

Ultra-Fast EV Charger Developer FreeWire Technologies Launches its New Global Headquarters, R&D, and Manufacturing Facility in Newark, California

Electric vehicle charging solutions developers FreeWire Technologies, which is developing ultra-fast EV charging infrastructure that can operate using existing power grids, has officially opened its new Global Headquarters, R&D, and Manufacturing Facility in the San Francisco Bay Area city of Newark, CA.

FutureCar Staff 2022-05-25 12:40 PT