The impact of the pandemic on e-commerce is adding to the urgency.Dec 4, 2020 - Economy & Business
The lowering demand is a direct result of the economic shock from the coronavirus pandemic.Oct 6, 2020 - Economy & Business
"Europe and China have woken up to the fact that [the combustion engine] is dead."Sep 25, 2020 - Economy & Business
Musk is embracing many of Ford’s ideas like vertical supply chains and manufacturing efficiencyAug 14, 2020 - Economy & Business
The pandemic and recent protests put a spotlight on transportation inequities, giving urban planners new motivation to get it right.Jun 26, 2020 - Economy & Business
The United States should wean itself from dependence on China for its rare earth minerals and metals supply, Robbie Diamond, CEO of Securing America's Future Energy (SAFE), said on Friday in an Axios virtual event.
Why it matter: Rare earths are crucial in the manufacturing of commercial electronics, military technologies and the batteries and magnets used in electrical vehicles — and China is the world's leading processor and exporter of those materials.
The U.S. needs to focus on helping people get through the coronavirus pandemic before turning to manufacturing, including electric vehicles, Sen. Debbie Stabenow (D-Mich.) said on Friday at an Axios virtual event.
What she's saying: "We've got to deal with getting our arms around the vaccine, around the pandemic with the vaccines, helping people survive. And ... then robustly reopen the economy. And certainly, clean energy, jobs, is a big part of that."
The U.S. auto industry is spreading west, with electric vehicle companies opening factories far from Detroit, in places like California, Arizona and Texas.
Why it matters: With hundreds of millions of dollars in fresh capital, along with newly issued public stock symbols, many are unproven newcomers with ambitions to become the next Tesla.
This week I'm driving the 2021 Mazda6 Carbon edition, the most fun I've had in a midsize sedan in a while.
The big picture: Sedans are passé these days, as most buyers are gravitating toward SUVs and crossovers. Even so, Mazda is by far the most fun-to-drive car in its segment — engaging and athletic yet also quiet and refined.
President Biden's swift effort to re-establish stricter fuel efficiency mandates, along with his broader push toward vehicle electrification, is as much about creating new jobs as it is protecting the environment.
Why it matters: The U.S. lags far behind the rest of the world in electric vehicle adoption. Catching up will require big investments in EV production — including battery cell manufacturing and mining of raw materials — to avoid dependence on imports and foreign supply chains.
Electric vehicle startup Rivian has raised another $2.65 billion as it builds momentum toward this year's launch of its first pickup truck, SUV and Amazon delivery vehicles.
Why it matters: Rivian continues to attract big money from private investors, even as other startups take advantage of Wall Street enthusiasm for EVs by going public through a series of mergers with special purpose acquisition companies.
Microsoft is joining GM, Honda and others in a $2 billion investment round in Cruise to help commercialize its self-driving cars. The deal bumps Cruise's valuation to $30 billion, from $19 billion last year.
Why it matters: The investment is part of a broader commitment by GM and Cruise to use Microsoft's Azure cloud-computing platform across their companies, especially as they roll out increasingly complex vehicles that rely on digital technologies.
The notion of the car as a "computer on wheels" is moving past the realm of hype and closer to reality, which will transform the driving experience and improve road safety, too.
Why it matters: The arrival of long-promised technologies like 5G connectivity and new high-performance computers means cars will improve over time, instead of depreciating the minute they leave the dealer lot.
The Federal Aviation Administration announced a new "zero tolerance policy" toward unruly airline passengers, who could face fines of up to $35,000 and imprisonment for interfering with crew members.
Why it matters: The crackdown comes after the agency saw a "disturbing increase in incidents" of passengers disrupting flights with "threatening or violent behavior" stemming from their refusal to wear masks and recent violence at the U.S. Capitol.
Anyone flying to the United States must test negative for the coronavirus before boarding their flight under a policy announced Tuesday by the Centers for Disease Control and Prevention.
Why it matters: With cases surging in the U.S., and new, more contagious variants emerging in other countries, the CDC says pre-flight testing will help slow the spread of the virus until the American public is fully vaccinated.