Their adoption is one variable affecting the future of oil demand and carbon emissions.Dec 19, 2019
Analysts remain in the dark about the future of the vehicles.Nov 22, 2019
"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
Few changes in modern life will hit in more radical ways than how we get around.Oct 27, 2018
At least a dozen electric vehicle startups with dreams of becoming the next Tesla are suddenly in limbo, hoping they can hang on through the coronavirus pandemic for a chance to deliver on their long-shot ambitions.
The big picture: Building a car company from scratch is extraordinarily difficult, requiring billions of dollars in capital. Tesla made it, but not without a few harrowing brushes with death. Add the economic uncertainty of a global pandemic, and the stunning collapse in oil prices, and the odds of success are even lower.
Tesla on Wednesday abandoned its federal lawsuit against Alameda County, California, over pandemic-related restrictions on business operations that affected its factory in Fremont.
Details: Tesla did not provide immediate comment. But the case filed May 9 appears to be a fait accompli at this point.
New analyses about electric vehicles underscore two things: the pandemic is creating unprecedented turmoil for all kinds of energy technologies, and attempts to assess the fallout are more art than science.
Driving the news: A brand new analysis from the research firm BloombergNEF projects that global electric vehicle sales will drop 18% this year, which would end 10 years of growth but represents a smaller decline than their estimated cut to sales of traditional cars.
Tesla filed a federal lawsuit Saturday in a bid to restart operations in its factory in Fremont, California — a step that came on the same day CEO Elon Musk threatened to move the company's headquarters out of the state.
Driving the news: The electric automaker's suit against Alameda County calls local officials' refusal to allow the factory to reopen a "power grab" that defies Gov. Gavin Newsom's policies on industry operations and constitutional due process rights.
The economic and logistical toll of the coronavirus pandemic is affecting the rollout of several electric vehicle models, and even canceling one project.
Driving the news: Ford and the EV startup Rivian just scrapped plans to jointly develop a vehicle under the Lincoln brand that would use Rivian's "skateboard" platform.
Lucid Motors is out with a new video showing off the performance of prototypes of the upcoming Lucid Air luxury EV in cold, snowy, and icy conditions in northern Minnesota.
What they're saying: "The extreme environment is ideal for validating vehicle dynamics as we test features like antilock braking, traction control, and stability control," a blog post alongside the video states.
Global sales of electric vehicles are projected to drop by 43% this year as the technology faces a series of overlapping problems, the consultancy Wood Mackenzie finds in an analysis.
Driving the news: "The coronavirus outbreak, potential delays to fleet purchasing due to lower oil price and a wait-and-see approach to buying new models have all contributed to this decrease in projected sales," they write.
General Motors and Honda will jointly develop two electric vehicles for Honda's product line that are slated for manufacture at GM's North American plants.
Why it matters: No company can go it alone when it comes to funding advanced technologies like electrification.
Tesla said it has enough resources to deal with an "extended period of uncertainty" as the electric automaker announced it will suspend production at its California factory.
Why it matters: Tesla can't be untethered from the future of electric vehicles, especially not in the U.S., where it dominates sales and plays a big role in pushing the sector closer to the mainstream.
The International Energy Agency is urging governments to weave policies that support climate-friendly energy into their economic responses to the novel coronavirus.
What they're saying: "These stimulus packages offer an excellent opportunity to ensure that the essential task of building a secure and sustainable energy future doesn’t get lost amid the flurry of immediate priorities," IEA executive director Fatih Birol said.