The self-driving vehicle startup Cruise that GM acquired in 2016 was recently valued at $19 billion after another round of investments.
That puts Cruise’s valuation at more than half the value of Tesla, and 38% the value of GM as a whole (as of this moment).
We won’t have US sales figures for Tesla, Ford, and GM for another month — and even then we’ll have to estimate how they were split out across the quarter — but we know one thing for sure: Tesla’s sales are up heavily compared to the same period in 2018. For other automakers, not so much.
Financial analysts are sounding an alarm. They warn the era of “peak car” is upon us and that will have substantial implications for local and global economies.
Electric car batteries can catch fire. Okay. They always make headlines. There are 500 gasoline fires a day and few of them ever make the news. It’s time to take a breath and get over the fear of electric cars,
The European passenger plug-in vehicle market scored some 37,000 registrations in April, growing 30% compared to the same period last year, a good performance considering that the overall market is still in the red (-1% in April).
This is a followup to my article “China Is Eating Our Lunch While We Watch.” Once again, here is a Dilbert comic to start. Last week, we went into how China is making the right moves to cement their dominance in the renewable market. This article will address what we … [continued]
Rad Power Bikes makes a lineup of funky looking, yet surprisingly capable electric bikes. After spending a few weeks ripping around town on its RadMini Step-Thru, we wanted to look behind the curtain to see where the company came from and what makes it tick, so I sat down with Rad Power Bikes co-founder and CMO Ty Collins for a chat.
A recent article in the Detroit Free Press issues a broadside attack on electric pickup trucks. Here’s how the story by Mark Phalen begins: “Who needs an electric pickup? Why? There’s no evidence consumers are clamoring for battery-powered pickups, but the auto industry and investment communities can’t stop talking about them.”
Yes, I know. The Wankel rotary engine has a reputation for poor gas mileage, bad emissions, and even longevity issues. That’s why I was skeptical, too, when I heard that Mazda is bringing the rotary back not only as a range extender, but to provide direct power in some cases. After doing a lot of reading on recent research and development, I found that the rotary engine may really come back with its problems solved.
Although we reported less than 3 months ago that more education is needed to accelerate EV adoption, a recent survey provides some encouraging news.
