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Electric school bus mandates will leave kids stranded

The federal government requires newly purchased school buses to be “zero-emissions” by 2027 and all school buses in service to be electric by 2035. Electric school buses can cost more than $400,000 per vehicle and up to $30,000 more per bus. Not to mention whether the power grid has the necessary capacity. This mandate is […]

Elon Musk reacts to Apple’s decision to kill electric car project

Elon Musk posted an image of a salute emoji and a cigarette to commemorate the end of Apple’s electric car project. Tesla’s CEO has reacted to the iPhone maker’s decision to cancel Project Titan, which has been secretly working on developing electric cars for the better part of a decade. “The natural state of car […]

Apple ditches electric car project, shifts focus to generative AI

Apple is reportedly abandoning its decade-long efforts to build electric cars and ramping up its efforts on generative AI projects. Apple announced the plan internally on Tuesday, people familiar with the matter said. bloombergwhich rattled the roughly 2,000 staff working on the self-driving car, which was originally scheduled to be released in 2026. The decision […]

Apple scrapping electric car project

SATORI Fund Senior Portfolio Manager Dan Niles discusses Apple’s outlook for 2024 on The Claman Countdown. Apple is reportedly abandoning efforts to build electric cars after spending nearly a decade and billions of dollars on the project. To quote a person close to me, reported by bloomberg Apple internally announced on Tuesday that it was […]

BYD debuts $233K electric supercar to rival Ferrari, Lamborghini

BYD, the world’s largest electric car maker, has launched a $233,450 battery-powered supercar that rivals not only Tesla but also luxury gas-powered cars sold by Ferrari and Lamborghini. The high-performance EV, dubbed the Yangwang U9, will initially be sold exclusively in the Chinese market, where BYD is based, the company said in an event livestreamed […]

Mercedes-Benz Scraps Plans to Make Only Electric Vehicles Due to ‘Market Conditions’

Mercedes-Benz has scrapped plans to sell only electric cars after 2030, with company officials saying “market conditions” do not allow it. It was only three years ago that German luxury car maker Verge announced it was going “all-electric.” report at that time. The company announced that it would spend $47 billion on vehicle electrification, and […]

Ford cuts prices of electric Mustang Mach-E by up to $8,100

FOX Business’ Jeff Flock reports from the Celebrity Ford dealership in Toms River, where electric F-150s aren’t zipping away fast enough. Ford Motor Co. said Tuesday it has cut the price of its Mustang Mach-E electric SUV by up to $8,100 after sales plummeted in January. The lowest-priced Mach-E version of the 2023 model year […]

Rangers deliver ‘electric’ signature moment to Stadium Series lore

A parade depicting the history of the Battle of New York is on full display at a New Jersey football field, the first of its kind in more than half a century of hockey fratricide. Mark Messier was home as well, and so was Brian Trottier. Adam Graves was here, John Tonelli was here. Some […]

Biden administration considering delaying switch to electric vehicles: report

The Biden administration is preparing regulatory changes to slow the nation’s transition to electric vehicles. The New York Times first reported The announcement was made on Saturday, citing three people familiar with the plan. The paper reported that the Environmental Protection Agency’s rule changes will ease regulations on vehicle tailpipe emissions and allow automakers to […]