Mitsubishi plans to update its U.S. lineup with new hybrids, plug-in hybrids, and EVs over the next few years. The automaker on Thursday unveiled a new business plan called "Momentum 2030" which includes plans for one new or refreshed model to be introduced between 2026 and the end of the decade, nearly doubling the automaker's U.S. lineup from...
Mitsubishi plans to update its U.S. lineup with new hybrids, plug-in hybrids, and EVs over the next few years. The automaker on Thursday unveiled a new business plan called "Momentum 2030" which includes plans for one new or refreshed model to be introduced between 2026 and the end of the decade, nearly doubling the automaker's U.S. lineup from...
BMW still aims for about 50% global EV sales by the end of the decade, in line with a plan the automaker rolled out in 2021, but still isn't ready to declare an end date for internal combustion. "By 2030, all-electric vehicles should account for about half of our deliveries," CEO Oliver Zipse said Wednesday in a speech to shareholders. But the...
Kia this week revealed an updated version of its EV6 electric crossover for its home market of South Korea. The same changes are likely to be applied in the U.S. for the 2025 model year. The biggest change is a new 84-kwh battery pack, replacing the 77.4-kwh pack that has been the largest available in the EV6 since its 2022-model-year launch. This...
Sony is in the process of launching its own Afeela EV brand in partnership with Honda, but in the meantime the company's new in-car entertainment app is debuting in the Vinfast VF 8 electric SUV. Dubbed Ridevu, this feature offers access to a regularly updated library of over 2,000 movies over a 12-month subscription period, according to Vinfast...
Despite recent layoffs, the Tesla Supercharger network is due for an expansion, CEO Elon Musk claims. Tesla will spend "well over" $500 million on the Supercharger network this year, Musk said Friday on X (formerly Twitter), the social media network he owns, adding that this investment will fund "thousands" of new chargers and is separate from any...
At a meeting with top oil executives at his Mar-a-Lago club last month, Donald Trump offered to reverse Biden administration environmental policies in exchange for a $1 billion donation to his presidential re-election campaign, the Washington Post reports. The donation would be a "deal," Trump said, because of the taxation and regulation oil...
BP is eying Tesla Supercharger sites as part of a planned expansion of the oil giant's U.S. charging network, Bloomberg reports. The company said it "is aggressively looking to acquire real estate to scale our network, which is a heightened focus following the recent Tesla announcement." Tesla CEO Elon Musk earlier this month fired most of the...
Spikes in electricity rates can raise the cost of charging an EV at home, but California has a solution. As explained in a recent post on The Equation, from the Union of Concerned Scientists (UCS), California is considering adding a fixed charge on electricity bills from its largest utilities in exchange for a reduction in the per-unit price of...
Growing EV sales in both the U.S. and China could contribute to a halving in gasoline demand in 2024, says the consultancy Wood Mackenzie. Demand is likely to rise 340,000 barrels per day (bpd) to 26.5 million bpd for the year, but that's the slowest growth since 2020, and down from a growth rate of 700,000 bpd last year, according to the report...