Their adoption is one variable affecting the future of oil demand and carbon emissions.Dec 19, 2019 - Energy & Environment
Analysts remain in the dark about the future of the vehicles.Nov 22, 2019 - Technology
"It’s a gamble based on what you think will happen, but if you don’t do anything, then for sure you’re out of business."Oct 18, 2019 - Energy & Environment
Few changes in modern life will hit in more radical ways than how we get around.Oct 27, 2018 - Energy & Environment
It could depend on both the election outcome and the coming Supreme Court fight.Sep 24, 2020 - Energy & Environment
SPI announced it was launching a unit to design and develop electric vehicles.Sep 24, 2020 - Economy & Business
California Gov. Gavin Newsom is issuing an executive order that seeks to eliminate sales of new gasoline-powered cars in his state by 2035, a move the White House said President Trump "won't stand for."
Why it matters: California is the largest auto market in the U.S., and transportation is the biggest source of carbon emissions in the state and nationwide.
A new note from RBC Capital Markets explains why electric and hydrogen truck startup Nikola may be poised to succeed despite now-departed founder Trevor Milton's allegedly false claims about its progress and tech.
Details: Instead, "What made NKLA unique was [the opportunity] to sell 'routes' via fuel cell truck leases, and helping industry solve 'chicken and egg' problem associated with hydrogen infrastructure build-out."
Nikola Corp., a high-flying electric truck startup until just days ago, has come back down to earth but somehow hasn't crashed — at least not yet.
Driving the news: Founder and executive chairman Trevor Milton quit Monday amid reported federal probes of allegations that he lied about Nikola's tech and progress.
Nikola announced Monday that executive chairman Trevor Milton, who is also the company's founder, is out as the electric and fuel cell truck startup reportedly faces federal inquiries into a short-seller's allegations of inaccurate or misleading statements.
Why it matters: It's the latest move in a head-spinning series of events for Nikola.
This week General Motors found itself having to defend a deal in which it can't lose — illustrating how distorted the markets have become over newly public electric vehicle companies.
Catch up quick: On Sept. 8, GM announced a strategic partnership with Nikola Motor Co., a high-flying startup with ambitions to build electric and hydrogen fuel-cell trucks, but no revenue. Nikola shares soared 40% on the news, and GM climbed too.
Ford is offering more info about the design and strategy around its long-awaited entry into the electric truck market, the battery-powered F-150 pickup arriving in mid-2022.
Why it matters: There's new capital coming into the increasingly competitive electric pickup race, with Tesla, Rivian and others bringing new models to market over the next couple of years.
The electric and fuel cell truck startup Nikola is increasingly under the microscope following a short-seller's allegations that it made false statements about its tech and planned products.
Driving the news: The Financial Times reported Tuesday that the Justice Department is "making inquiries" following last week's claims by Hindenburg Research.
The EV startup Nikola Corp.'s stock fell Thursday after a financial research firm published a report claiming the electric and fuel cell truck startup is an "intricate fraud."
Catch up quick: It comes just two days after Nikola's shares jumped on the news that GM is taking an 11% stake in the company, is engineering and building its Badger pickup, and will supply key battery and fuel cell tech.