Tesla’s board of directors and Elon Musk are being sued by shareholders for breach of fiduciary duty over threats that the CEO made about not building AI products at Tesla, and even funneling resources to his private companies. Just as Tesla’s board sat down for the company’s 2024 annual shareholders meeting, shareholders are suing the … Continue reading “Tesla, Elon Musk sued by shareholders for breach of fiduciary duty over AI funneling threats”
Written by Electric Vehicles Magazine
Battery leasing has long been considered as a way of helping make EVs more affordable, and it appears that Honda is embarking on a business venture that might allow that idea to be scaled up. The joint venture company called Altna, announced Thursday, has been formed as a 50/50 venture between Honda Motor Co. and … Continue reading “Honda battery leasing venture sets stage for more affordable EVs”
Written by Electric Vehicles Magazine
Join us for our coverage of Tesla’s 2024 annual shareholders meeting, also called ‘Cyber Roundup’. We will know the full results of the shareholder votes and there are likely going to be a few announcements coming out of the event. Obviously, CEO Elon Musk already killed the suspense by revealing that proposals 4 and 5, … Continue reading “Tesla (TSLA) shareholders meeting news hub: watch Elon’s victory lap”
Written by Electric Vehicles Magazine
V2G specialist IoTecha has been awarded a grant of up to $27 million by the California Energy Commission’s (CEC’s) Clean Transportation Program. During Phase I of this initiative, IoTecha will deploy a network of 120 new EV smart charging stations at single- or multi-family homes. For Phase II, IoTecha intends to extend this network to … Continue reading “IoTecha wins $27-million grant for grid-friendly EV charging in California”
Written by Electric Vehicles Magazine
The highly anticipated electric Honda N-VAN e will officially hit the market in October. Honda announced its new electric N-Van will start at $15,500 (2,439,800 yen) as it looks to ramp up EV sales. Honda has been teasing a new light electric van based on its gas-powered N-VAN since 2022. Last October, a prototype was … Continue reading “Honda is launching its new electric N-VAN e starting at $15,500”
Written by Electric Vehicles Magazine
By all accounts, electric school buses offer an ideal use case for vehicle-to-grid (V2G) technology. Synop provides software that enables V2G for fleets, allowing local utilities to communicate with fleet operators and initiate V2G transactions. V2G pilots abound, but Synop is one of the few firms that can claim to be doing V2G on a … Continue reading “Synop is one of the few doing V2G projects commercially: Q&A with co-founder”
Written by Electric Vehicles Magazine
The global fleet of internal-combustion vehicles will peak in 2025, but plug-in hybrids may determine whether this leads to decreased oil demand, according to new analysis from Bloomberg New Energy Finance (BNEF). Sales of internal-combustion vehicles already peaked in 2017, and BNEF expects them to be 29% below that peak in 2027. While BNEF still … Continue reading “Will plug-in hybrids be plugged in, or will they add oil demand?”
Written by Electric Vehicles Magazine
As Ford looks to grow its Model e EV business, the company believes its dealer network can be a significant asset. Ford announced Thursday it’s enabling all dealers to sell EVs, meaning 90% of Americans will live within 25 miles of a Ford dealership that sells electric vehicles. Ford introduced its Model e EV dealer … Continue reading “Ford enables all dealers to sell EVs, bringing +90% of Americans within reach”
Written by Electric Vehicles Magazine
Porsche on Thursday announced an agreement in the U.S. with ChargePoint to include the network’s chargers in its My Porsche app starting in Q4 of this year. With the app and its coordinated Porsche Charging Service, the arrangement will bring the total number of supported chargers to more than 86,000, according to Porsche. That aggregated … Continue reading “Porsche app gives EV drivers access to 75% of compatible US chargers”
Written by Electric Vehicles Magazine
Tesla appears to be behind the acquisition, or “acqui-hire”, of a company developing direct drive motors for robots as it is being liquidated by Koch Engineered Solutions. Besides the SolarCity acquisition, Tesla has avoided large acquisitions despite a significant cash position. However, the automaker is known to have made several smaller acquisitions, especially in the … Continue reading “Tesla jumps on talent of Koch company making direct drive for robots”