Honda is done standing by while rivals like Tesla and BYD steal market share. To stay competitive, Honda is doubling its investment in EVs to $65 billion (10 trillion yen) through 2030. The plans include slashing costs and launching seven new electric models. Honda doubles its investment in EVs to $65 billion CEO Toshihiro Mibe … Continue reading “Honda plots $65 billion investment to build seven new EVs as it looks for a comeback”
Written by Electric Vehicles Magazine
Aptera late Wednesday announced the end date for its crowdfunding stage, as it seeks private capital on its way “towards high-volume production” of its high-efficiency, three-wheel solar EV. The company’s Regulation A crowdfunding, which bypasses traditional investors and the stock market and emphasizes smaller amounts, will end on June 30, it says, and it’s engaging … Continue reading “Aptera finishes crowdfunding, seeks more capital for solar EV”
Written by Electric Vehicles Magazine
Headlining today’s Green Deals is a two-week Rad Power Memorial Day sale that is taking up to $600 off three e-bikes, while also offering free extra battery promos as well – starting with the RadRover 6 Plus High-Step Fat-Tire e-bike at $999. It is joined by a rare discount on the all-black Hover-1 Instinct Electric … Continue reading “Save $600 on Rad Power e-bikes and bundles from $999, Hover-1 Instinct e-bike, Greenworks combo, and more”
Written by Electric Vehicles Magazine
Intelligent power management company Eaton is opening a new assembly plant in Santiago de los Caballeros in the Dominican Republic, to meet growing customer demand for its fuses. The project will increase supplies of Eaton’s Bussmann series fuses, which provide critical safety functionality in EVs, energy storage projects and other industrial applications. Eaton’s new 65,000-square-foot … Continue reading “Eaton breaks ground on new EV fuse factory in the Dominican Republic”
Written by Electric Vehicles Magazine
Aptera late Wednesday announced the end of its crowdfunding stage, as it seeks private capital on its way “towards high-volume production” of its high-efficiency, three-wheel solar EV. The company’s Regulation A crowdfunding stage, which bypasses traditional investors and the stock market and emphasizes smaller amounts, will end on June 30, it says, and it’s engaging … Continue reading “Aptera finishes crowdfunding, seeks private capital for solar EV”
Written by Electric Vehicles Magazine
In under 66 hours after launching its new low-cost electric SUV, VinFast’s VF 3 racked up nearly 30,000 pre-orders. Starting under $10,000 (235 million VND), the VinFast VF 3 is already creating a buzz. Following the special price promo, the VF 3 will cost around $20,000. Meet the new low-cost mini electric SUV VinFast revealed … Continue reading “VinFast (VFS) secures nearly 30K pre-orders for new $10,000 VF 3 in under three days”
Written by Electric Vehicles Magazine
Solar EV startup Aptera Motors announced it is leaving its “crowdfunding nest” of sorts, putting a bookend on three years of its Regulation A offering to pursue private funding. The startup shared a deadline for public investors while it engages in discussions with private financial group US Capital to help (finally) get its solar EVs … Continue reading “Aptera to close crowdfunding and begin Solar EV production with the help of a private financial group”
Written by Electric Vehicles Magazine
Photo by RAZE Solar on Unsplash The US has now officially surpassed 5 million solar installations, a significant landmark in its shift toward clean energy, according to data released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. The 5 million milestone comes just eight years after the US achieved its first million in … Continue reading “In a milestone, the US exceeds 5 million solar installations”
Written by Electric Vehicles Magazine
Photo: Tesla Tesla posted larger-than-average ATP (average transaction price) increases month-over-month in April, but its prices were lower year-over-year, reports Kelley Blue Book. April saw Tesla post a month-over-month ATP increase of 5.7% compared to March, but the EV giant’s prices were lower year-over-year by 3.3%, according to EV transaction price data from Kelley Blue … Continue reading “In April, Tesla prices were higher month-over-month but lower year-over-year”
Written by Electric Vehicles Magazine
German automaker Volkswagen has launched an upgraded version of its ID.3 electric compact car containing a stronger and more efficient electric motor, providing more power and economical consumption. In Germany, the ID.3 Pro S model now delivers 170 kW as standard. Customers in other markets can decide after purchase whether they want to increase the … Continue reading “Volkswagen increases power of ID.3 motor”