A study conducted by the American Transport Research Institute reveals the enormous challenges of converting the entire heavy truck fleet to battery electric vehicles. The findings highlight the need for a 40% increase in nationwide power generation, sourcing vast amounts of critical minerals, and upgrading transportation infrastructure. The high costs and weight of electric trucks, coupled with the need for extensive charging infrastructure, make the transition even more challenging. These issues call into question the feasibility of the overall green energy transition and raise concerns about the financial burden placed on future generations.
Stay updated with the latest news in the motorcycle industry, including the new 2024 KTM 390 Duke, Honda's advancements in airbag technology, Moto Guzzi's upcoming experiences in America, and the partnership between Ducati Corse and Francesco Bagnaia.
The CEO of Polestar, Thomas Ingenlath, warns that automakers like Mercedes, Ford, and Aston Martin that are delaying electric vehicle (EV) production risk missing out on a window of opportunity. He believes that waiting for consumers to catch up with EV technology is a dangerous strategy and urges companies to embrace innovation. Polestar, as a premium performance EV maker, sees this as a great opportunity as there is currently limited competition in its sector. Ingenlath also emphasizes that the hesitation to switch to EVs is not just due to economic pressures but also fear of change. Cheaper models and advancements in technology are needed to boost EV sales.
Nvidia's surge in the stock market is reminiscent of the rise and fall of Tesla, raising concerns of another tech bubble.
Lawyers who successfully voided Elon Musk's $56 billion Tesla compensation package are now seeking a record $6 billion legal fee payable in the company's stock.
A list of plug-in hybrid vehicles with the longest range, combining both gasoline and electric power.
The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth $5.6 billion as legal fees.
The electric-vehicle startup manufacturer Fisker announced a bleak outlook in an earnings call, with the company citing 'substantial doubt about Fisker's ability to continue as a going concern.' The company is cutting 15 percent of its workforce and pausing future product plans as it searches for additional equity.