Electric vehicles

The big picture

Clean trucks are paving the road to the electric vehicle era

The impact of the pandemic on e-commerce is adding to the urgency.

Dec 4, 2020 - Economy & Business
Electric vehicles are coming, but no one is sure how fast

Their adoption is one variable affecting the future of oil demand and carbon emissions.

Dec 19, 2019 - Energy & Environment
Transportation's looming overhaul

"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
Deep Dive: The great auto disruption

Few changes in modern life will hit in more radical ways than how we get around.

Oct 27, 2018 - Energy & Environment
Putting Elon Musk’s Tesla into climate change perspective

Electric cars are a pretty small part of the climate puzzle.

Updated Aug 27, 2018 - Energy & Environment

All Electric vehicles stories

Ben Geman, author of Generate
Feb 23, 2021 - Energy & Environment

Electric vehicle startup Lucid Motors is going public

Lucid Air sedan. Image courtesy of Lucid Motors.

The electric vehicle startup Lucid Motors is going public via merger with the special purpose acquisition company Churchill Capital Corp IV at a valuation of $24 billion, the companies said Monday.

Why it matters: The high value of the transaction with the blank-check firm headed by former Citi exec Michael Klein underscores how Lucid could be well positioned in the growing market.

Ben Geman, author of Generate
Feb 22, 2021 - Economy & Business

Xos to go public at $2 billion valuation as electric SPAC wave rolls on

Illustration: Sarah Grillo/Axios

Xos Inc., an electric truck company that counts UPS among its customers, said this morning that it's going public at a $2 billion valuation via a reverse merger with NextGen Acquisition Corp.

Why it matters: The California-based Xos' deal is the latest in a wave of electric vehicle companies going public via mergers with special purpose acquisition companies, signaling heavy investor interest in the sector.

Feb 19, 2021 - Economy & Business

Toyota still bets on hybrids despite competitors' focus on EVs

Toyota's best-selling vehicle, the RAV4, is available as a plug-in hybrid, which goes 42 miles on battery alone. Photo: Toyota

While competitors like GM and Volkswagen are going all-electric, Toyota argues that a mix of hybrids, plug-in hybrids and EVs is better for the environment.

Why it matters: Battery electric vehicles (BEVs) aren't for everyone, and a new analysis shows that even people who own BEVs don't drive them as far as the average gasoline-powered car.

Ben Geman, author of Generate
Feb 17, 2021 - Energy & Environment

California EV tech company Proterra enters European truck markets

Volta Zero urban freight vehicle. Photo: Courtesy of Proterra

These are busy days for the California-based electric vehicle tech company Proterra, which is soon to go public as part of the SPAC-wave sweeping the sector.

Driving the news: This morning the European company Volta Trucks announced that Proterra will supply batteries for its "Volta Zero" urban freight delivery vehicle.

Ben Geman, author of Generate
Feb 12, 2021 - Economy & Business

Tesla faces scrutiny over carbon costs of bitcoin and vehicle range

Illustration: Sarah Grillo/Axios

Tesla is riding high these days, but two developments could create reputational risks for the world's most valuable car company.

Driving the news: Tesla is beginning to face criticism over the climate effects of its big new investment in bitcoin and the decision to accept it as payment — even though electric vehicles are lower-CO2 alternatives to gasoline vehicles.

Dan Primack, author of Pro Rata
Feb 9, 2021 - Economy & Business

Alternative vehicles charge into public markets

Illustration: Sarah Grillo/Axios

Alternative vehicles have become the new biotechs, often racing into the public markets with little to no revenue.

Driving the news: Hyzon Motors, a hydrogen fuel cell truck and bus startup, is going public via SPAC at a $2.7 billion valuation. Its technology is commercialized, unlike Nikola, but says it plans to have only 5,000 vehicles delivered by the end of 2023.

Ben Geman, author of Generate
Feb 8, 2021 - Energy & Environment

EV owners drive them much less than gas-powered cars

Illustration: Sarah Grillo/Axios

Electric vehicle owners in California drive them less than half as many miles annually as the average gasoline-powered car in the U.S., a new analysis shows.

Why it matters: The finding "raises important questions about the potential for the technology to replace a vast majority of trips currently using gasoline," the working paper concludes.

Ben Geman, author of Generate
Feb 5, 2021 - Energy & Environment

Electric vehicles "arms race" gets big shot in the arm

Illustration: Eniola Odetunde/Axios

Ford plans to invest $22 billion in vehicle electrification through 2025, an amount that's nearly double its prior plans, the company said.

Why it matters: The announcement is the latest sign of how the world's biggest carmakers are pouring more resources into tech that's still a tiny slice of the auto market.

Ben Geman, author of Generate
Feb 5, 2021 - Energy & Environment

Electric bike company lands $150M for expansion

Photo courtesy of Rad Power Bikes.

The electric bike company Rad Power Bikes has landed $150 million in new funding to expand its operations, including plans to widen its retail and service network.

Driving the news: Funders include Morgan Stanley, Fidelity, the Rise Fund, existing investor Vulcan Capital and others.

Ben Geman, author of Generate
Jan 29, 2021 - Economy & Business

General Motors puts Trump in its rearview mirror

Illustration: Sarah Grillo/Axios

General Motors (GM) is racing to prepare itself for a president and a world that takes climate change more seriously — and putting the Trump era behind them in the process.

Driving the news: GM yesterday announced an ambitious plan to end global sales of internal combustion vehicles by 2035. It's part of their wider new pledge to be carbon neutral by 2040.

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