Business, Technology, Fuel

The $25,000 Electric Car Is Coming to US Soon

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.

Tom Randall | Bloomberg News
June 17, 2024
Business, Technology

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.

Tom Randall | Bloomberg News
June 7, 2024
Business, Technology, Fuel

Tesla 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.

Tom Randall | Bloomberg News
April 19, 2024
Business, Technology

EVs 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.

Tom Randall | Bloomberg News
March 28, 2024
Business, Technology, Equipment

Tesla 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.

Tom Randall | Bloomberg News
November 29, 2023
Business, Technology, Equipment, Fuel

Tesla’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.

Tom Randall | Bloomberg News
October 9, 2023
Business, Technology, Equipment

Electric 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.

Tom Randall | Bloomberg News
September 14, 2023
Government, Business, Technology

California 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%.

Tom Randall | Bloomberg News
September 8, 2023
Government, Business, Technology, Fuel

Ascend 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.

Tom Randall | Bloomberg News
June 7, 2023
Government, Business, Technology, Fuel

EV 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.

Tom Randall | Bloomberg News
March 22, 2023