Amazon has a massive stake in Rivian, SEC filing shows

E-commerce powerhouse Amazon has disclosed a 20% ownership stake in Rivian, an electric vehicle company from Normal, Illinois, a filing with the SEC reveals. Amazon filed a 10-Q document with the SEC earlier today that summarized the company’s position and financials at the end of Q3 2021. In the filing, Amazon said at the end […]

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Tesla’s groundbreaking influence in EV sector appreciated by VW and Ford CEOs

Tesla’s groundbreaking influence in the electric vehicle sector has been recognized by Volkswagen AG CEO Herbert Diess and Ford CEO Jim Farley, who both recognized the automaker and CEO Elon Musk’s efforts as the benchmark for the sector. It is no secret Tesla and Musk have been instrumental in the development of electric vehicles, but […]

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$12,500 EV Tax Credit included in revised Biden Build Back Better plan

The $12,500 Electric Vehicle Tax Credit has been included in the most recently revised version of President Biden’s Build Back Better plan, which aims to put America on course to meet climate goals, offer and create millions of good-paying jobs for American workers, and enable more citizens to join the labor force, growing the economy […]

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GM aims to catch Tesla’s EV market share by 2025

General Motors CEO Mary Barra says the Detroit automaker is “absolutely” capable of catching Tesla’s EV market share in the United States by 2025. The GM CEO said the company’s expanding lineup of electric vehicles would help it accelerate its sales and ultimately catch Tesla’s dominating sales figures for the U.S. market. With the GMC […]

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Update: Top 10 Electric Cars

Automakers continued to increase our choice of plug-in hybrid and all-electric cars and crossovers. Competition is heating up for the U.S. electric car leadership claimed by Tesla for the past few years. The Nissan Leaf, Chevrolet Volt are legacy players in the battle, now joined by dozens of new players. Consumers win because they have choice.

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Toyota, Stellantis, Ford, and other OEMs begin serious battery production push

It seems like legacy automakers, including Toyota, Stellantis, Ford, and General Motors, are starting to embrace the EV transition. Detroit’s Big 3 and Toyota all announced investments in battery plants these last few weeks. These indicate that veteran automakers are taking a serious step toward mass electric vehicle production.  Toyota’s US Battery Plant On Monday, […]

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