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Tag: electric

Biden Administration Lends $6 Billion to Troubled Rivian for Electric Vehicle Factory

The Biden administration has agreed to loan troubled electric car maker Rivian $6 billion to build a new factory near Atlanta, Georgia, a huge sum from an administration loving EVs. This is assistance. of new york times report The Biden administration announced a $6 billion loan to Rivian, which makes electric vehicles and has struggled […]

Hyundai, Kia recall over 200K electric cars over power issues

Hyundai Motor Co. and Kia Motors Corp. announced this week that they are recalling more than 200,000 electric vehicles due to a loss of drive power, which increases the risk of crashes, according to the National Highway Traffic Safety Administration (NHTSA). Hyundai's recall includes more than 145,000 vehicles, including select IONIQ 5 and IONIQ 6 […]

Trump unveils limited edition ‘American Eagle’ acoustic and electric guitars

President-elect Trump announced the sale of a limited number of “45” guitars on his social media site Wednesday. “Coming soon! Limited edition '45' guitar. Only 1,300 of each acoustic and electric guitar were made, some of which are personally signed. ” Trump wrote on Truth Social. The “American Eagle” series guitars feature the phrase “Make […]

California taxpayers paying nearly $20M for wireless electric charging project at UCLA

See what's being clicked on FoxBusiness.com. Wireless charging for electric vehicles (EVs) is coming to the streets of Southern California universities, and comes at a hefty price, with much of the cost being borne by taxpayers. The University of California, Los Angeles (UCLA) is partnering with CALSTART and Electreon Wireless, Inc. to develop charging infrastructure […]

General Motors to Go Fully Electric by 2035 as EVs Remain Unprofitable

General Motors CEO Mary Barra says the automaker's plan for the automaker to grow by 2035 despite third-quarter results showing that electric vehicles (EVs) remain unprofitable. It remains committed to making the car fully electric. “That’s the plan we’re still running.” Barra said. of new york times It's part of GM's plan to fully transition […]

GM electric vehicles still not profitable, company sees ‘progress’

Automotive expert Mike Caudill responded to California's controversial effort to use electric cars as police vehicles during an appearance on “The Big Money Show.” General Motors said its electric vehicles are not yet profitable, but the company is seeing “progress” in the industry. GM made the announcement in a letter to shareholders detailing its third […]

An electric aircraft the military has its eyes on can take off with only 150 feet of runway

In a remarkable demonstration, Electra showed off its results. hybrid electric An ultra-short prototype for U.S. military personnel that emphasizes the aircraft's ability to operate in areas without traditional airfields. This development comes at a critical time, as recent natural disasters such as Hurricane Helen in North Carolina have highlighted the need for aircraft that […]

German Drivers Giving up on Electric Vehicles, Data Shows

Aside from convincing people to buy electric cars, a new challenge for Germany's green energy reset is getting them to keep their cars as the number of EV owners rapidly switches to internal combustion engines. One in three electric car owners have returned to a petrol or diesel car this year, according to data from […]