Ford Raises the Prices of the F-150 Lightning Electric Pickup Due to Rising Raw Material Costs
Ford Motor Co is raising prices of the F-150 Lightning electric pickup for the first time since its launch in May 2021. The automaker cited significant material cost increases and other factors for the price hikes of nearly 20% on Lightning models. The automaker said prices for the 2023 F-150 Lightning will jump between $6,000 and $8,500 depending on the model.
Eric Walz2023-01-05 11:15 PT
Rivian Discontinues Base Model for R1S, R1T
The change means that Rivian’s electric vehicles are getting a price increase of up to $5,500 for the R1T and $6,000 for the R1S.
Vineeth Joel Patel2022-10-04 07:45 PT
Volkswagen Group of America President and CEO is Appointed to Lead the Automaker's New Electric Off-Road Truck Division ‘Scout’
Volkswagen has made some executive appointments as it prepares to launch its new rugged electric truck brand Scout. Scott Keogh, who has served as President and CEO of Volkswagen Group of America since Nov 2018, will turn over his responsibilities in order to focus solely on the development of the Scout brand in the U.S.
FutureCar Staff 2022-08-25 10:15 PT
Volvo’s Parent Company Geely Launches a New Outdoor Lifestyle EV Brand Named 'RADAR'
Chinese automaker Zhejiang Geely Holding Group Ltd (“Geely’), which is the parent company of Sweden’s Volvo Cars, is following in Rivian’s footsteps and launched a new outdoor lifestyle EV brand in China named RADAR. The brand will target urban professionals that want an electric vehicle to take on weekend adventures such as camping trips.
FutureCar Staff 2022-08-19 09:30 PT
Tesla Raises Prices in the U.S. as Inflation Chips Away at its Profit Margins
Faced with rising inflation that’s driving up the cost of raw materials, electric automaker Tesla has raised prices of all its models in the U.S. by roughly 5%. The price of the Tesla Model Y SUV increased by $3,000 from $62,990 to $65,990. The Model Y now costs 25% more than it did in Jan 2021.
Eric Walz2022-07-23 08:30 PT
Tesla Challenger NIO Inc. Delivers its 200,000 Electric Vehicle, a Significant Milestone
U.S.-listed electric vehicle startup NIO Inc is emerging as one of China’s promising new electric vehicle startups. The company has reached deliveries of 200,000 electric vehicles. Reaching deliveries of 200,000 vehicles is a significant milestone for NIO after launching its first mass-market vehicle, the ES8 SUV, in 2018.
Eric Walz2022-06-22 16:15 PT
Hyundai Plans to Build a New U.S. EV Factory in Georgia, According to Sources
South Korean automaker Hyundai is planning to build an electric vehicle factory in Georgia, according to people familiar with the automaker’s plans. The Georgia EV factory will build vehicles for both Hyundai and Kia.
FutureCar Staff 2022-06-15 10:30 PT
After Hiking Prices By Up to 20% This Week, Rivian CEO Reverses Course, Will Honor the Original Prices Quoted to Reservation Holders
After public outcry over electric truck maker Rivian unexpectedly raising prices on March 1, CEO R.J. Scaringe has reversed course. He sent an email to reservation holders saying the company will honor the original prices quoted to customers that put down deposits before March 2 for a Rivian vehicle. He also explained what led to the price hikes in the first place, which was not communicated to customers.
Eric Walz2022-04-09 11:30 PT
Electric Truck Startup Bollinger Motors Exits the Passenger Vehicle Market, Will Focus on Commercial EVs Instead
Electric truck startup Bollinger Motors, which was targeting the truck and SUV market with its rugged and utilitarian vehicles, announced that its will postpone its entry into the electric passenger vehicle market and focus on building electric trucks for commercial purposes instead. The company said it will manufacture all-electric platforms and chassis cabs for commercial vehicles in Classes 3 to 6.
Eric Walz2022-02-20 09:00 PT
Ford’s Franchised Dealers Trying to Price Gouge F-150 Lightning Customers is One Reason Why We Don’t Really Need Them Anymore
The new F-150 Lightning electric pickup truck from Ford, has generated a ton of interest as the electric version of the most popular pickup in the U.S. The demand from consumers is so strong for Ford’s first electric truck that some dealers are trying to cash in by overcharging customers by as much as $10,000 over the sticker price. So why are Ford’s loyal F-150 customers subjected to price gouging at all? It doesn’t have to be this way.
Eric Walz2022-02-19 13:15 PT
Georgia Officials Are Expected to Announce This Week That Electric Truck Maker Rivian Will Build its Second EV Factory in the State
State officials in Georgia are expected to announce next week that newly listed electric vehicle startup Rivian will build its second factory in the state in a deal that local officials hope will make the state a leader in the next generation of the automotive industry, The Atlanta Journal-Constitution (AJC) has learned. Gov. Brian Kemp and executives at Rivian are expected to hold a ceremony this Thursday to outline the details of the high-profile project.
FutureCar Staff 2022-01-17 08:30 PT
Amazon Driver Reports 40% Faster Battery Drain When Using Climate Controls in Rivian’s Electric Delivery Van, The Information Reports
An Amazon driver testing one of the new electric delivery vans supplied by Rivian experienced significantly lower range than expected when using the van’s climate controls, The Information reported on Friday. The Amazon driver told The Information that the battery drained about 40% faster whenever the van’s heating or cooling system was used.
FutureCar Staff 2021-12-26 14:10 PT
The ‘Big Two’ U.S. Automakers are Now Tesla & Rivian, With a Combined Market Cap of $1.1 Trillion
The combined market cap of Tesla and newly listed startup Rivian are now roughly $1.1 trillion, which should be a huge wakeup call for Ford and General Motors, who now find themselves far behind in the electric vehicle race after spending most of the time on the sidelines as Tesla rose to prominence in the auto industry.
Eric Walz2021-12-18 11:00 PT
Will Rivian’s Fully-Electric R1T Pickup and Ford’s F-150 Lightning Prompt Tesla to Further Delay the Launch of the Cybertruck?
By the time Tesla launches its Cybertruck in late 2022 at the earliest, the market will be occupied by new electric pickups with a more conservative and traditional design, which will make it much harder for Tesla to compete in the segment. The buzz surrounding the launch of Ford's F-150 Lightning and Rivian’s R1T electric pickup have for the most part overshadowed Tesla’s futuristic looking Cybertruck.
FutureCar Staff 2021-11-14 09:00 PT
Report: Rivian Continued to Steal Secrets, Staff After Tesla Lawsuit
Despite Tesla filing a lawsuit against Rivian in 2020, Tesla claims the automaker continued to steal trade secrets by poaching new recruits.
Vineeth Joel Patel2021-11-14 05:00 PT
Publicly Traded Electric Truck Startup Lordstown Motors Corp Warns it May Run Out of Cash
Publicly traded electric truck startup Lordstown Motors Corp said that there is “substantial doubt” that it can continue operations without an influx of new capital, which seems increasingly unlikely to happen. Lordstown's share price fell by 17% on Tuesday after the company told the SEC that its current level of cash and cash equivalents are not sufficient to fund production.
FutureCar Staff 2021-07-16 12:15 PT
Amazon Testing Rivian Electric Delivery Vans in San Francisco
Rivian and Amazon have expanded testing of the automaker’s electric delivery vans from Los Angeles to San Francisco, marking the second of 16 total cities the EVs will be tested in.
Vineeth Joel Patel2021-06-22 16:30 PT
With the F-150 Lightning, it’s Ford, Not Tesla or GM, That’s Poised Dominate the Electric Truck Market
On Monday, Ford Motor Co surprised the industry by announcing that the all-new F-150 Lightning electric pickup will be revealed on May 19 at a global live-streamed event from the company’s global headquarters in Dearborn, Michigan. The Lightning will be the first battery-powered F-150 pickup, and its potential is huge, not just for electric vehicles, but for the highly profitable truck and SUV segment that so far electrification has not touched.
Eric Walz2021-06-17 14:50 PT
Amazon's New Electric Vans Built by EV Startup Rivian Are Being Deployed in San Francisco
Online retailer Amazon is now testing its new fully-electric delivery vans in San Francisco. The vans were built by Amazon-backed electric vehicle startup Rivian. The deployment is San Francisco is the second West Coast city that Amazon is testing its new delivery vehicles in, following the first deployments in Los Angeles in early February.
Eric Walz2021-04-24 15:05 PT
Amazon Deploys its New Electric Delivery Vans in Los Angeles
E-commerce giant Amazon announced that its new electric delivery vans built by EV startup Rivian are now being tested in Los Angeles. The custom-built delivery vehicles will be deployed in 15 additional cities this year, with tens of thousands more being added to the company’s fleet over the next few years.
Eric Walz2021-03-12 09:40 PT
Researchers at South Korea's Chung-Ang University Develop a ‘Meta-Reinforcement' Machine Learning Algorithm for Traffic Lights to Improve Vehicle Throughput
Eric WalzDec 22, 2022 2:30 PM PT
Zeekr's New 009 Electric Passenger Van is the World's First EV to Feature CATL's Advanced ‘Qilin' Battery With a Range of 510 Miles
Eric WalzDec 19, 2022 1:45 PM PT
Hyundai Gets Serious About Electric Performance Cars, Shows off Two Concepts
Vineeth Joel PatelDec 17, 2022 6:15 AM PT