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Industry Updates
The automotive and energy industries are evolving at a rapid pace towards a zero-emissions future. Learn about the latest developments in the electric, plug-in hybrid, hybrid, and hydrogen vehicle industry here.
Industry Updates
6
min
Apr 19, 2024
Tesla Just Built Its 6 Millionth EV: Let’s Take Stock
Tesla has come a long way since it introduced the low-volume Roadster in 2007. Now, the company makes the world’s best-selling EVs and is a dominant player in charging as well. We take a look back at the company’s fascinating history and achievements.
Industry Updates
4
min
Jan 5, 2024
Dealers Can Now Apply the Federal Tax Incentive at Purchase
The federal tax incentive of up to $7,500 can make an electric car much more affordable. But up until now, you had to wait until tax time to receive the financial benefit of going electric. Now, dealers can apply the incentive at purchase – making the savings instantaneous.
Industry Updates
4
min
Dec 28, 2023
Honda Will Unveil Future EV Series at CES in January
Honda is making a commitment to have over 30 electric models on sale globally by 2030, and for all of its U.S. sales to be zero-emissions by 2040. Next month in Las Vegas, the company will show off the first of a series of all-new EV models to be sold worldwide.
Industry Updates
3
min
Dec 13, 2023
Tesla Model 3 Tax Incentive Drops to $3,750 in January
With the demise of the Chevrolet Bolt, the Tesla Model 3 is one of the most affordable ways to get into a new electric car, especially when you apply the $7,500 federal tax incentive. However, starting in January, the Long Range and rear-wheel drive models will only get a $3,750 incentive.
Industry Updates
4
min
Nov 30, 2023
Tesla Drops Prices on In-Stock Cars by up to $6,300
Tesla has once again slashed prices – just in time for the holidays. The latest discounts are only available for in-stock and demonstrator models listed on the automaker's website, but could save you thousands.
Industry Updates
3
min
Nov 15, 2023
Is Tesla Working on a Sub-$30,000 Economy EV?
Even as Tesla works on the huge, expensive Cybertruck, it has been toiling away on a small, inexpensive EV set to start at under $30,000. A recent report suggest that Tesla's factory outside of Berlin, Germany will be the first place it's built.
Industry Updates
3
min
Nov 10, 2023
Toyota Quadruples Investment in North Carolina Battery Plant
Toyota has put almost 25 million hybrid and plug-in hybrids on the road globally. With a recent $5-billion investment in its North Carolina battery factory, the company is preparing to ramp up its battery manufacturing to support many new electric car models.
Industry Updates
3
min
Oct 16, 2023
Toyota and LG Sign U.S. Battery Manufacturing Deal
Toyota is making large and rapid investments to bring more EVs to market, and it recently signed a deal with LG to manufacture hundreds of thousands of EV batteries annually. The batteries will be made in Michigan for electric cars made in Kentucky.
Industry Updates
4
min
Sep 27, 2023
Toyota is Hard at Work on 4 New EV Battery Technologies
Toyota has garnered some criticism for its stance on full-electric vehicles, preferring to offer customers a range of technologies including hybrid and gasoline options. But it has four new battery technologies in development that promise huge leaps in performance and range.
Industry Updates
4
min
Aug 22, 2023
Lucid and Tesla Drop Prices for Large EV Sedans
Tesla and Lucid have both dropped the starting MSRPs for their flagship large sedans. The new Tesla Model S Standard Range and Lucid Air Pure offer all-wheel drive, impressive range, and the latest tech at lower prices than before, though neither is eligible for the $7,500 federal rebate.
Industry Updates
4
min
Aug 17, 2023
Over Half a Million EVs Have Been Sold in the First Half of 2023
Electric car sales are up 62 percent in the first half of 2023, with Tesla once again dominating the sales charts. What are the top-selling electric cars and EV brands? Read on to find out.
Industry Updates
4
min
Aug 8, 2023
The Tesla Model Y Is The Best-Selling Car In The World
For the first time in history, the best-selling vehicle in the world is electric. Tesla's Model Y just beat out the Toyota Corolla on the global sales charts. The Tesla Model 3 also ranked in the top 10.
Industry Updates
3
min
Aug 2, 2023
Proposed Legislation Will Raise Average U.S. MPG to 58 by 2032
Current U.S. fuel economy regulations stipulate an average of 49 mpg by 2026. The Department of Transportation has just proposed new legislation to improve that figure to 58 mpg by 2032. If passed, the new legislation will save drivers over $50 billion in fuel costs.
Industry Updates
4
min
Jul 29, 2023
Seven Brands Together Will Create North American Fast Charger Network
The EV charging network in North America isn't growing as rapidly as EV sales - and public charging isn't as reliable as it should be. Seven automakers have announced that, together, they plan on fixing this, committing to doubling the size of the EV fast charging network with 30,000 new chargers.
Industry Updates
3
min
Jun 26, 2023
Ford is Investing Billions to Build EVs in Canada
In the latest of a series of bold EV announcements, Ford is investing over $1.8 billion in upgrading its Canadian manufacturing complex, which will be transformed between 2024 and 2025 into a new EV-making facility. Ford will build vehicles as well as their batteries on-site.
Industry Updates
2
min
Jun 21, 2023
2025 Chrysler Airflow
Chrysler has been talking about an entire new line of all-electric vehicles to come. But will the long-awaited Airflow model be the first EV crossover for Chrysler, or will it be something else entirely?
Industry Updates
3
min
May 3, 2023
Toyota Updates Electrification Strategy, Promises 10 EVs by 2026
Toyota has revised its electrification strategy, with governments and competitors applying increasing pressure to reach zero emissions. Toyota now plans to introduce 10 new EVs in the next three years, including a three-row EV SUV. Plus, its next-generation platform promises double the range.
Industry Updates
2
min
Feb 23, 2023
The Mercedes-Benz EQE Lights the Way
With all the clever prowess and elegance of its big brother EQS, the new Mercedes-Benz EQE luxury sedan arrives to outshine Tesla and BMW in the electrified battle for a better EV and silent supremacy.
Industry Updates
4
min
Dec 7, 2022
The First VinFast SUVs Headed to the U.S.
Vietnamese electric-car maker VinFast has put the first 999 VF8 EV SUVs on a boat destined for the U.S. The first VF8 models, which claim a 292-mile range according to the manufacturer, will be delivered by the end of 2022. It's the first of many models to come from the new brand.
Industry Updates
2
min
Nov 14, 2022
Honda CR-V Hybrid Production Begins in Canada
Production of the 2023 Honda CR-V has begun in Canada. In addition to regular gasoline drivetrain options, a new hybrid version offers more power and torque, a higher top speed, and greater towing capacity. The company expects the latest CR-V hybrid to account for half of the model's sales.
Industry Updates
5
min
Oct 31, 2022
GM Launches New Energy Business
General Motors' new GM Energy could set up your home as a solar-powered energy station to power your house and EV. You might even get money back from your electric company.
Industry Updates
4
min
Oct 26, 2022
Are E-Fuels Only a Niche Technology?
A report recently released by European lobby group Transport & Environment suggests that, even at the oil industry’s most optimistic production estimates, synthetic carbon-neutral fuels may only be able to fill up 2% of the internal combustion cars on European roads.
Industry Updates
2
min
Oct 24, 2022
Ford to Produce 600,000 EV Batteries Annually
In order to meet the demand for new electric cars, Ford has announced it will ramp up production to 600,000 electric vehicles annually by 2023. The electric car manufacturer will do so with new lithium iron phosphate batteries. Learn more about Ford's all-electric future right here on GreenCars.
Industry Updates
3
min
Oct 21, 2022
Why Toyota Still Believes in Hydrogen
Toyota has been a big believer in hydrogen. It is now selling the second-generation Mirai, a fuel-cell electric vehicle that uses compressed hydrogen gas in a tank to power a fuel cell, which powers an electric motor. But why does Toyota still believe in hydrogen? Let's find out.
Industry Updates
4
min
Jul 13, 2022
Porsche's EV Race Car Tests Consumer Tech
Porsche built its reputation on motorsports, so it's no surprise that as the company embraces the electric revolution, that it has an all-electric race car. Learn more about the Cayman GT4 ePerformance, which previews the upcoming full-electric Boxster and Cayman models.
Industry Updates
4
min
Jul 5, 2022
Electric Vehicle Sales are Surging in the U.S.
While the U.S. car market shrunk overall in the first quarter of 2022, sales of electric vehicles rose by almost 60 per cent. This despite semiconductor shortages, high prices, and a generally tough car market. Why? Going electric has never made more sense.
Industry Updates
3
min
Jun 27, 2022
Stellantis and LG’s $4.1-Billion Battery Factory
A key part of expanding EV production is expanding battery production. With the announcement of a huge new battery production facility in Windsor, Canada, LG and Stellantis (parent company of Chrysler, Dodge, Jeep, and Ram) are helping to establish a new domestic battery supply chain.
Industry Updates
2
min
Jun 22, 2022
E-Fuels Could Help Green Every Gas Car
Porsche sees e-fuels as an important part of its sustainability mix and predicting electric vehicles, hybrids, and combustion engines will exist alongside each other for many years.
Industry Updates
2
min
Jun 6, 2022
Commodity Costs Push Electric Vehicle Prices Higher
Automakers across the board are raising the prices on electric vehicles due to changing market conditions and rising commodity costs. Prices for some EVs have risen by thousands of dollars as the prices for everything from semiconductors to sheet metal have increased.
Industry Updates
4
min
May 31, 2022
What Dealers are Doing to Service EVs
While electric cars require less traditional mechanical service than gasoline vehicles, they do still require service. And car dealers are having to do a lot to prepare, including purchasing special tools and equipment - and training technicians.
Industry Updates
4
min
May 10, 2022
Grid-Optimized EV Charging to Prevent Blackouts
If everyone gets home at night and plugs in their electric car at roughly the same time, will the entire street go dark? Thanks to research being conducted by Audi and a German university, grid-optimized charging should help alleviate that concern.
Industry Updates
2
min
Mar 17, 2022
Ford Beats Tesla for Top EV
Each year, Consumer Reports announces its "Top Pick" for all-electric vehicle. For 2022, Ford Motor Company has taken the top spot for its Mustang Mach-E, edging out Tesla's Model 3 after two years as number one. Here's why.
Industry Updates
3
min
Mar 1, 2022
Lucid Share Price Overtakes Ford's
Lucid Motors became the latest EV startup to top auto industry icon Ford Motor Company on November 16th when it burned rubber past Ford’s market value, jumping nearly 24 percent in a day to close at $55.52 a share.
Industry Updates
5
min
Feb 10, 2022
Electric Vehicles are Transforming Auto Retail
The last decade has seen more transformation in the technology driving our automobiles than the previous century. How will the shift towards electrification change the car business? Read on to find out.
Industry Updates
2
min
Jan 18, 2022
The World’s Third Most Valuable Automaker: Rivian
All-electric truck manufacturer Rivian has become the third most valuable automobile company in the world right behind Toyota and Tesla. Why? It's attracted major funding, and launched an impressive new electric pickup truck.
Industry Updates
4
min
Jan 13, 2022
Solid-State Batteries "Game Changer" for Electric Cars
Right now, all-electric and plug-in hybrid cars rely on lithium-ion battery packs, which have technical limits. Solid-state batteries may be the "next big thing" in electric car technology. Here's what you need to know.
Industry Updates
2
min
Sep 10, 2021
Electric Car Racing Sparks EV Sales
A survey by a Michigan-based research company suggests that motorsports influence a large percentage of new car buyers. Do people really go out and buy a specific brand and model of car after seeing it win a big race? The study by Foresight Research suggests that EV racing sparks EV sales.
Industry Updates
2
min
Sep 7, 2021
Biden Pushes for EVs by 2030
President Joe Biden has set a new national target for the adoption of electric vehicles in America, pushing for EVs to represent half of all new car sales by 2030.
Industry Updates
4
min
Aug 13, 2021
The Future of Fast Charge Electric Car Batteries
Many supporters believe that super-fast battery charging is key to an all-electric car future and that we’ll see them coming soon. Here are some recent developments in battery technology to watch.
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