Automakers are trying out subscription models for EVs as an alternative to traditional buying or leasing, but a new Deloitte report argues they may also play a somewhat surprising role in gasoline-car sales. With expected growth in EV adoption, concerns over the resale value of internal-combustion cars may drive subscription models, according to...
Automakers are trying out subscription models for EVs as an alternative to traditional buying or leasing, but a new Deloitte report argues they may also play a somewhat surprising role in gasoline-car sales. With expected growth in EV adoption, concerns over the resale value of internal-combustion cars may drive subscription models, according to...
Ohio’s Lordstown Motors announced that it “has experienced performance and quality issues with certain Endurance components.” That’s led to a temporary stop to both production and customer deliveries, and it will lead to the company’s first recall. According to the company, it’s already filed paperwork with the...
A recent patent filing indicates Rivian is looking to alternative cooling methods as a way to speed up EV fast charging. A patent application published Feb. 14 by the United States Patent and Trademark Office (USPTO) notes that thermal management during charging can take up quite a lot of power. As a solution, it proposes shifting some of the load...
As automakers look to boost EV efficiency, Volkswagen believes bringing development of more components in-house will lead to big gains. VW announced this strategy shift at its Tech Day 2023 event, claiming efficiency improvements of up to 20% by developing its own optimized components. "The Volkswagen Group and its brands stand for first-class...
Toyota could start building electric cars in Kentucky as soon as 2025 by updating an existing factory, Nikkei reported Tuesday. The move could allow Toyota vehicles to qualify for the $7,500 federal tax credit under new rules, instituted under the Inflation Reduction Act (IRA), requiring North American assembly of vehicles and battery packs...