Electric-powered cars are now the rage. Tesla’s market capitalization is seven times larger than that of General Motors and fourteen times larger than Ford’s, though it builds a fraction of the vehicles that those companies do. Many politicians are even considering banning gasoline-powered cars within a few years in favor of electric vehicles (EVs), all in the name of saving the planet.
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General Motors announced its second major electric vehicle partnership in less than a week on Tuesday, this time a $2 billion deal with startup Nikola.
GM will take an 11% ownership stake in the Phoenix company and will engineer and build Nikola’s Badger hydrogen fuel cell and electric pickup truck. The Badger is expected to be in production by the end of 2022.
Read More Legislation pending in the state legislature would change the definitions and reduce fees on hybrid and electric vehicles (EV).
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Certain electric vehicles emit 11 percent to 28 percent more carbon dioxide than their diesel counterparts, even though various U.S. politicians, including U.S. Republican Sen. Lamar Alexander of Tennessee, want taxpayer subsidies for such cars. According to a recent article on the Institute for Energy Research’s website, a study…
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by Kane Farabaugh It’s billed as North America’s largest and longest-running auto show, now in its 111th year. The 2019 Chicago Auto Show offers a lineup of nearly 1,000 vehicles occupying nearly 1 million-square-feet of space at the McCormick Place Convention Center. A special preview for members of the media…
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Volkswagen will spend $800 million to expand its Chattanooga factory to become the German company’s North American hub for manufacturing electric vehicles, and the Scenic City may want to thank President Donald Trump. VW CEO Dr. Herbert Diess made the announcement at a presentation at the Detroit Auto Show Monday, TechCrunch…
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by Chris White General Motor’s decision to restructure and layoff thousands of employees Monday includes eliminating a hybrid vehicle former President Barack Obama once called the car of the future for the Detroit company. GM said Monday that it will cut roughly 14,000 people in North America and will idle factories…
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Eight years ago, then-Tennessee Democratic Gov. Phil Bredesen said that during the coming decade we’d see a surge of electric vehicles on the state’s roads and highways. So certain of it, he handed out $2.5 million in government money to encourage people to buy EVs. But we’re not talking about…
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