Hyundai Motor Group begins building autonomous rover designed to explore the moon

  • April 20, 2023
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Hyundai Motor Group has shared details of the development of an autonomous lunar exploration rover it is designing with Korean aerospace partners to one day navigate the surface of the moon. The Group is aiming to deliver a launch-capable model utilizing Kia and Hyundai technologies by 2027. Hyundai Motor Group’s journey beyond the land, sea, […]

Rivian R1T and R1S now qualify for (some) of the EV tax credit

  • April 20, 2023
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After submitting updated documentation, the Rivian R1S and R1T models will, in fact, qualify for at least a portion of the EV tax credit. Rivian gains back a portion of the EV tax credit The Inflation Reduction Act, passed last August, provides up to $7,500 in tax credits for buying an electric vehicle. However, there […]

US Treasury: Nissan LEAF, BMW, others lose full $7,500 EV tax credit, Tesla base Model 3 cut in half [Updates]

  • April 20, 2023
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Following its delayed but long-anticipated battery guidance pertaining to federal EV tax credits, the US Treasury Department’s requirements are about to kick in, and it’s not great news for all prospective EV buyers. Beginning tomorrow, EVs from major automakers like BMW and Nissan will no longer qualify for any tax credits at the federal level, […]

Tesla (TSLA) crashes despite strong earnings; is the credibility going away?

  • April 20, 2023
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Tesla’s stock (TSLA) crashed 7% today following earnings that actually met expectations. So what is the problem? Is Tesla losing its credibility? Yesterday, Tesla released its Q1 2023 financial results and met earnings expectations of $0.85 per share and even surprised many by maintaining an automotive gross margin over 19% despite significant price cuts during the […]

Volvo Group electric truck deliveries soar 254% in the first quarter

  • April 20, 2023
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Volvo Group is leading the charge towards a sustainable future as demand for fully electric trucks and buses continues building globally. Volvo Group delivered a total of 683 electric trucks in the first quarter of 2023, up 254% year-over-year (YOY). Volvo Group, the parent company encompassing Volvo, Renault Trucks, Mack Trucks, Nova Bus, and more, […]