Tesla has officially launched its virtual power plant in Puerto Rico and it could quickly become the world’s biggest thanks to the large Powerwall user base in the region. Virtual power plants (VPP) consist of aggregating distributed energy assets, primarily rooftop solar and home energy storage, to offer grid services like peak shaving. A company
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Although Ford’s electric pickup saw higher demand in October, Mustang Mach-E sales surprisingly fell over 53% month-over-month. The move comes as Ford pulls back Mach-E production. Ford’s October 2023 EV sales After setting a new sales record in September, selling 5,872 (+153% YOY) Ford Mustang Mach-E sales dropped to 2,732 in October. Despite Mach-E sales
In its latest effort to improve the EV ownership experience, Ford has acquired Auto Motive Power (AMP). Ford will use the energy solutions providers’ tech to improve EV charging and battery management. Founded in 2017, LA-based AMP provides hardware and software for several solutions, including EV charging, cloud solutions, and battery and energy management. AMP’s
Elon Musk believes that Tesla (TSLA) can reach a $4 trillion valuation if they “knock the ball out of the park” a few times. The CEO has often commented on the potential market capitalization of Tesla. Most famously, he said that Tesla could be worth more than Apple and Saudi Aramco combined back in October
As Chinese automakers like BYD steal Toyota’s limelight in Thailand, the automaker is planning a counter-offensive. Toyota is set to test a new electric pickup to fend off the incoming competition. Toyota unveiled its first electric pickup, the HiLux BEV, nearly a year ago for its 60th anniversary in Thailand. Pickups are a critical part
Mercedes-Benz High-Power Charging Network (MB HPC) North America just announced that it’s partnering with the largest owner of shopping malls in the US. Mercedes-Benz DC fast charging at the mall In January, Mercedes-Benz, along with EV charging network ChargePoint and clean energy provider MN8 Energy, announced plans to deploy 400 charging stations and over 2,500 DC
Japanese automaker Subaru finally made the announcement everyone’s been waiting for. Subaru will adopt Tesla’s NACS charging ports for its EVs starting in 2025. Subaru reached an agreement with Tesla Wednesday to use its extensive Supercharger network. The company will adopt Tesla’s NACS ports on “certain BEVs” launched in North America starting in 2025. Subaru
Europe’s largest automaker, Volkswagen, is delaying plans for a fourth EV battery factory for now. CEO Oliver Blume said the decision was based on market conditions in Europe. Volkswagen pushes back fourth EV battery plant plans The Volkswagen Group announced plans to open six gigafactories by the end of the decade. VW has already chosen
Who says EVs are not selling in the US? Hyundai and Kia’s most popular electric models set new September US sales records, with momentum expected to continue into the end of the year. Korea’s largest automakers are taking advantage of the growing US electric vehicle market. Kia and Hyundai achieved 15 straight months of growth
A few months ago, we covered Honda’s unveiling of its smallest electric vehicle, the Motocompacto. The company has finally opened the order books on its little electric scooter, meaning you could own a new Honda EV for under $1,000. Officially priced at $995, the Motocompacto is a modern-day homage to the classic Honda Motocompo motorcycle
Although Toyota expects record growth this fiscal year, it’s cutting its EV sales forecast by nearly 40%. In Toyota’s latest questionable strategy shift, the company will lean into hybrids to “avoid the price competition” in the EV market. Toyota released its Q2 2024 fiscal results Wednesday, showing growth across the board. Through the first half
Tesla has revealed exactly how its Magic Dock, a game-changing new EV charging accessory, works in a new patent filing. The Magic Dock has been one of the most interesting new products introduced by Tesla in a long time. The charging accessory is basically a seamless charge adapter from NACS to CCS, or NACS to
A jury has found Tesla not at fault in a lawsuit over a 2019 wrongful death which alleged that Autopilot caused a crash, killing one passenger and seriously injuring two. In question was the death of 37-year-old Micah Lee, who was driving a Model 3 in 2019 in Menifee, CA (in the Inland Empire to
Elon Musk went on the Joe Rogan Experience podcast with a Tesla Cybertruck and revealed a few more details about the electric pickup truck. We are now officially 30 days away from the Cybertruck delivery event, which is also going to be the defacto Cybertruck production version launch. At the event, Tesla is expected to
Despite recent EV delays from leading US automakers, Toyota is surprisingly charging ahead. Toyota is investing an additional $8 billion in its North Carolina EV battery plant. The new funding will add roughly 3,000 jobs as Toyota looks to accelerate its EV offensive. Toyota announced plans to build a new electric vehicle battery plant in
Stellantis, the parent company behind Jeep, Ram, Dodge, and 11 others, is launching several new affordable EVs in 2024. The automaker aims to reduce prices on electric models to take on industry leaders like Tesla and incoming Chinese EV makers. Jeep owner takes stake in Leapmotor Days after announcing it will invest $1.6 billion (€1.5
Tesla is ramping up hiring for its humanoid robot program, Optimus, including some reinforcement learning engineers. It was hard to take Tesla Bot seriously when Elon Musk announced it by having someone dressed as a robot dance on stage. To this day, many people are taking the project seriously, but Tesla certainly is. The latest
Not only are more cities and states promoting financials incentives to help residents buy electric bicycles, but the incentives are often growing in value, too. Electric bicycles have proven to be a popular alternative form of transportation for many former car drivers. As prices have dropped and the number of models available has skyrocketed, more
Things are getting heated Down Under as a Toyota executive’s recent anti-EV comments in Australia are being challenged by industry leaders, including Tesla. According to the Electric Vehicle Council of Australia, the comments come as the automaker is losing market share over its own hesitancy to go electric. Toyota has been the most vocal automaker
Ford EV drivers will have access to 15,000 Tesla Superchargers, higher than initially expected. The company announced Monday it will add an extra 3,000 Tesla chargers as its network grows to over 106,000 stations. Ford to add 15,000 Tesla EV Superchargers to its network Starting next spring, Ford EV drivers will be able to charge
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