Faraday Future chance as CEO steps down

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The crisis-ridden Californian electric car startup Faraday Future plans to comprehensively restructure. CEO Jia Yueting is stepping down as CEO in order to save the company and pay his debts. Jia Yueting is attempting to settle both his personal debts and the company’s debts by setting up a trust fund. According to pandaily.com, the trust […]

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Tesla Model 3 sales are lowering the average price of electric cars in the US

The average selling price of electric vehicles in the United States is getting lower, according to data analyzed by auto research firm Cox Automotive. In a recent study, the firm noted that average EV prices in the US currently stand at $55,600, notably lower than last year’s average price of $64,300. That’s a 13.4% decline […]

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BEVs Responsible for 91% of All Passenger EV Battery Capacity Deployed in June 2019

Up from just 84% in June 2018 on back of strong battery-electric vehicle (BEV) sales growth coupled with a boost in sales of long-range BEVs specifically. In June 2019, battery electric vehicles (“BEVs”) were responsible for 91% of all passenger EV bat…