China Pushes Ahead With Hydrogen, Defying Skeptics Like Elon Musk
China, the world’s biggest market for electric vehicles, isn’t so quick to dismiss the alternative to batteries. Officials are promoting the development of hydrogen-powered cars, trucks and buses, with Beijing offering to reward cities that achieve adoption targets.
November 20, 2020GM: New Batteries Cut Electric Car Costs, Increase Range
General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles.
November 19, 2020Lightning EMotors Said to Be in Talks to Go Public
Lightning EMotors, a company that focuses on fleet electrification and cutting out fuel consumption, is in advanced talks to go public through a merger with blank-check firm GigCapital3 Inc., according to people with knowledge of the matter.
November 19, 2020Electric Last Mile Solutions Said to Be in Merger Talks
Electric Last Mile Solutions, an electric vehicle startup, is in talks to go public through a merger with Forum Merger III Corp., according to people with knowledge of the matter.
November 19, 2020Pandemic Likely to Cut Thanksgiving Driving in Half
With virus cases surging, hospitals filling up and more U.S. states imposing restrictions, Americans are likely to drive a lot less this Thanksgiving. Only 35% will travel by car this year, down from 65% a year ago, according to survey from retail fuel tracker GasBuddy.
November 18, 2020Oil Clings to Rally on Signs of Coronavirus Vaccine Progress
Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build.
November 18, 2020Shipping Watchdog IMO Sets Rules to Curb Industry’s Pollution
The organization responsible for setting global environmental standards for shipping approved rules designed to curb the industry’s carbon emissions, triggering criticism that its measures won’t do enough to help tackle climate change.
November 18, 2020The Top 3 Factors that Affect Fuel Efficiency in Trucking
A new, free study by Michelin reveals the top three factors that affect a truck and trailer’s fuel efficiency—and how fleets can overcome them to reduce their fuel costs.
November 17, 2020Tesla, Utility Giants Form ZETA, Calling for 100% EV Adoption by 2030
Tesla Inc. is joining rideshare company Uber Technologies Inc., Lordstown Motors, Rivian and others to lobby for 100% electric-vehicle adoption by 2030.
November 17, 2020Meritor Reports Lower Profit, Revenue; Transition Plan Announced
Meritor reported lower fiscal fourth-quarter net income and revenue. The company also announced President and CEO Jay Craig will transition to executive chairman of the board of directors Feb. 28.
November 17, 2020