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Electric Adventure Vehicle Maker Rivian Announces a $700 Million Investment Led by Amazon

Electric Adventure Vehicle Maker Rivian Announces a $700 Million Investment Led by Amazon

​Electric truckmaker Rivian soon may become a major player in the electric vehicle space after receiving a $700 million investment led e-commerce giant Amazon. Rivian first revealed its two electric models, the R1T pickup truck and R1S SUV, at the Los Angeles Auto Show this past November.

Eric Walz2019-02-15 12:13 PT

Xcelerate to Offer Extended Warranties on Used EVs, Including Tesla Vehicles

Xcelerate to Offer Extended Warranties on Used EVs, Including Tesla Vehicles

Texas-based auto finance and leasing company Xcelerate​ announced it will offer extended warranties for the first time on used EVs, including more pricier Tesla models. The company said it’s the first in the U.S. to provide extended warranty coverage for electric vehicles.

FutureCar Staff 2019-02-14 15:52 PT

The Hyundai Kona Electric Named Best EV of 2019 by Edmunds

The Hyundai Kona Electric Named Best EV of 2019 by Edmunds

The Hyundai Kona, the first electric SUV from the South Korean automaker, keeps racking up accolades from the automotive industry. The compact SUV was named the Edmunds Editors’ Choice for best EV of 2019.

FutureCar Staff 2019-02-12 13:47 PT

China’s CATL Aims to Build a EV Battery Plant in Germany 3 Times Bigger Than Tesla’s Gigafactory

China’s CATL Aims to Build a EV Battery Plant in Germany 3 Times Bigger Than Tesla’s Gigafactory

CATL, the world’s largest maker of battery cells for electric vehicles, has already committed to building a factory in Germany, but now the battery maker plans to increase the size of its factory in Erfurt to meet rising demand from Germany’s auto industry.

FutureCar Staff 2019-02-06 18:26 PT

Electrify America is Buying Powerpacks From Tesla for Select EV Charging Sites

Electrify America is Buying Powerpacks From Tesla for Select EV Charging Sites

Volkswagen’s Electrify America said on Monday it will install Tesla battery storage packs at 100 of its charging stations across the United States. For EV owners, the move is designed to help lower the costs for charging their vehicles.

FutureCar Staff 2019-02-04 19:34 PT

Electric Automaker NIO Launches $650 Million Convertible Bond After Lackluster IPO

Electric Automaker NIO Launches $650 Million Convertible Bond After Lackluster IPO

Chinese electric carmaker NIO, often referred to as the “Tesla of China” is looking to raise capital again four months after its New York IPO. The startup electric automaker launched a $650 million five-year convertible bond on Wednesday to fund its expansion.

FutureCar Staff 2019-01-30 13:05 PT

Porsche Taycan Owners to Get 3 Years of Free Charging from Electrify America

Porsche Taycan Owners to Get 3 Years of Free Charging from Electrify America

Owners of the upcoming Porsche Taycan, the automaker’s first fully electric luxury sedan, are getting a sweet deal on charging—it will be free for three years.

FutureCar Staff 2019-01-28 14:40 PT

Porsche to Double Production of the Taycan Electric Sedan

Porsche to Double Production of the Taycan Electric Sedan

German automaker Porsche is already planning to double the production of the upcoming Taycan, the automaker’s first fully-electric sedan. The Taycan is expected to become a strong competitor to Tesla’s Model S, which first Tesla launched back in 2012.

FutureCar Staff 2019-01-24 17:20 PT

Why Ford Should be Rushing to Deliver the All-Electric F-150 Pickup

Why Ford Should be Rushing to Deliver the All-Electric F-150 Pickup

The Ford Motor Company finally confirmed yesterday that it is planning an electric F-150 pickup. The only problem is that it might take years to show up in dealer showrooms.

Eric Walz2019-01-17 13:23 PT

EV Startup Faraday Future Restructures its $2 Billion Investment Deal With Evergrande

EV Startup Faraday Future Restructures its $2 Billion Investment Deal With Evergrande

Evergrande announced on Monday that it has agreed to restructure its $2 billion investment in electric vehicle startup Faraday Future (FF). Evergrande is FF’s main investor. As part of the new agreement, Evergrande will walk away with full control over Faraday Future’s efforts in China, and both sides will drop all ongoing litigation.

FutureCar Staff 2019-01-02 11:33 PT

Greenlots & ChargePoint Announce ‘Roaming Partnership’ For Access to EV Charging

Greenlots & ChargePoint Announce ‘Roaming Partnership’ For Access to EV Charging

Two of North America’s biggest EV charging site operators, Greenlots and ChargePoint, announced a “roaming partnership” that will enable charging between networks. The deal, which is set to begin in mid-2019, opens up access to thousands of additional EV charging locations throughout North America at no additional cost to drivers.

FutureCar Staff 2018-12-26 16:58 PT

Mercedes Benz & Tesla to Cut Prices in China After 90 Day Suspension of Tariffs

Mercedes Benz & Tesla to Cut Prices in China After 90 Day Suspension of Tariffs

Mercedes Benz and Tesla are cutting prices on vehicles in China after Beijing and the Trump administration agreed to a 90 day truce in the ongoing trade war between the U.S. and China. The 40 percent tariff on vehicles imported from the U.S. hit electric automaker Tesla especially hard, as China is one of Tesla’s biggest markets.

Xiaoli Tian2018-12-17 17:20 PT

NIO Debuts its New Electric ES6 SUV at ‘NIO Day 2018’ in China

NIO Debuts its New Electric ES6 SUV at ‘NIO Day 2018’ in China

On Saturday Dec. 15, NIO showed off the ES6, the company’s latest, long-range electric SUV at a special event called “NIO Day 2018”. The company says the new ES6 is the world's first EV combining permanent magnet and induction motors.

Eric Walz2018-12-17 13:08 PT

China to Suspend Tariff Hikes on U.S.-built Cars in 90 Day Truce in the Trade War

China to Suspend Tariff Hikes on U.S.-built Cars in 90 Day Truce in the Trade War

China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts the finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies. China agreed to suspend the tariff on 144 U.S. vehicle and auto parts.

FutureCar Staff 2018-12-14 12:41 PT

BMW & Porsche Unveil a 450 kW Ultra-Fast EV Charging Prototype

BMW & Porsche Unveil a 450 kW Ultra-Fast EV Charging Prototype

German automakers BMW and Porsche, along with a consortium of industry partners, have developed a new EV charging prototype that can deliver 450 kW of juice, more than triple the capacity of Tesla’s Supercharger network.

Eric Walz2018-12-13 11:55 PT

China Agrees to Reduce Tariffs on U.S. Built Vehicles & Auto Parts

China Agrees to Reduce Tariffs on U.S. Built Vehicles & Auto Parts

There has been some progress made in settling some of the trade tensions between the U.S. and China. The Trump administration announced that China has agreed to to reduce the import tariff on U.S. made vehicles and auto parts by 25 percent.

FutureCar Staff 2018-12-11 16:57 PT

General Motors Pushes to Retain the $7,500 EV Tax Credit

General Motors Pushes to Retain the $7,500 EV Tax Credit

General Motors is fighting to retain a valuable $7,500 electric vehicle tax credit as the company deals with the political fallout triggered by its recently announced plan to shutter several U.S. assembly plants and cut thousands of jobs. The EV tax credit is designed to promote the adoption of electric vehicles.

Eric Walz2018-12-10 17:27 PT

Electrify America Opens the First 350 kW EV Charging Location in California

Electrify America Opens the First 350 kW EV Charging Location in California

San Francisco Premium Outlets became California's first location for electric vehicle (EV) chargers featuring ultra-fast recharging speeds up to 350 kilowatts (kW). The 350 kW chargers are capable of recharging an electric vehicle quickly, providing another 200 miles of range in just 10 minutes.

Eric Walz2018-12-07 15:27 PT

Volkswagen Plans to Open a North American Factory to Build EVs

Volkswagen Plans to Open a North American Factory to Build EVs

Volkswagen was one of the world’s many top automakers bringing its new models to the Los Angeles Auto Show this week. Besides showing off its new 2019 model lineup, the German company announced plans to open a North American factory to build electric vehicles.

Eric Walz2018-11-30 11:12 PT

Audi Debuts its e-tron GT Concept, a 4-Door Electric Car Set to Rival Tesla

Audi Debuts its e-tron GT Concept, a 4-Door Electric Car Set to Rival Tesla

Luxury automaker Audi today became a formidable challenger to Tesla, when it debuted the all-electric e-tron GT 4-door sedan, the company’s second new all-electric vehicle. The GT concept was one of the most anticipated debuts at this year’s Los Angeles Auto Show.

Eric Walz2018-11-28 16:53 PT

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