With signs of slowing growth in the premium EV market, manufacturers have been working on a pivot from luxury to practicality. The $25,000 economy electric car is the industry’s new target.
June 17, 2024Latest News Updates From Tom Randall
The $25,000 Electric Car Is Coming to US Soon
Some Long-Range EVs Now Cost Less Than Average New Car in US
The automotive industry has produced the first long-range EVs that are cheaper to buy than the average gas-powered car.
June 7, 2024Tesla Co-Founder J.B. Straubel Built an EV Battery Colossus
Redwood Materials, started by Tesla co-founder J.B. Straubel, is attempting to create a domestic loop using recycled critical metals for lithium-ion batteries.
April 19, 2024EVs Pass the Tipping Point to Mass Adoption in 31 Countries
By the end of last year, 31 countries had surpassed what has become a pivotal EV tipping point: when 5% of new car sales are purely electric.
March 28, 2024Tesla Color Wraps May Help Broaden Cybertruck’s Appeal
When Tesla starts Cybertruck deliveries on Nov. 30, color wraps — decorative films applied to the truck's exterior — could soften the edges of a truck seen as too harsh for mainstream buyers.
November 29, 2023Tesla’s Price Cuts Make It Competitive With Gas-Powered Cars
Tesla Inc.’s top-selling electric vehicles now compete directly with gasoline cars on price after the latest round of price reductions, but that could cost the company $1.2 billion a year.
October 9, 2023Electric Vehicle Sales Hit Critical Mark
Electric cars are smashing all kinds of records in the U.S. Their share of new cars exceeded 7% for the first half of the year, speeding past a critical tipping point for mass adoption.
September 14, 2023California Shows an Electric-Car Uprising Headed for the US
If you want to know how quickly electric vehicles might spread across the U.S., just look at California. In the past five years, EVs have gone from 2% of new-car sales in the state to 22%.
September 8, 2023Ascend Makes Deal With Carmaker on Cathode Plant in Kentucky
Ascend Elements said it has reached a billion-dollar deal with an unnamed automaker to reprocess old batteries into cathode material, at a plant it is building in Hopkinsville, Ky.
June 7, 2023EV Battery Aid Hangs in Balance as US Finalizes Climate Law
The interpretation of a regulation by the Treasury Department could upend expectations for how tens of billions of dollars in new electric vehicle tax incentives will be distributed.
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