These past few weeks have been particularly brutal for the EV industry – and anyone who believes that electric vehicles are the future. Thanks to slowing demand and policy whiplashes, automakers are on an EV murder spree, killing a host of promising new models. The EV graveyard grows bigger by the minute. And unfortunately, as […]
The auto industry bet big on electric vehicles, but now those ambitious goals are falling apart. Demand was already slowing down when Donald Trump took office and took an ax to pro-EV policy: the elimination of the federal EV tax credit, kneecapping clean energy, and bulldozing emissions rules. Tariffs have been taking their toll as […]
BMW’s new class of EVs begins with the iX3 SUV, but you had to know it wouldn’t end there. The company’s engineers didn’t spend all that time working up a completely redesigned and substantially more efficient EV platform just for one crossover, and now it’s time for the second wave. Meet the new i3, which […]
The steady stream of news about automakers cancelling or discontinuing electric vehicles continues apace. This week it’s Volvo’s small, quirky EX30 and Honda’s solo electric offering in the US, the Prologue. Both are the latest victims of stagnating EV sales in the US thanks to the Trump administration’s decision to eliminate tax incentives. First, the […]
Farewell, Honda Zero. We never knew thee. Honda is cancelling its Zero Series SUV and Saloon, as well as the Acura RSX EVs, citing an “extremely challenging earnings situation.” The Japanese automaker, which unsuccessfully tried to merge with Nissan last year, said it expected to make a net loss of ¥360 billion (~$2.5 billion) to […]
Ford announced a new AI-powered service for its commercial fleet and telematics software customers called Ford Pro AI. The generative AI system analyzes data generated by commercial vehicles – including vehicle speed, seat belt activity, and engine health – and converts it into actionable items for fleet managers. The new system manifests as – what […]
This is The Stepback, a weekly newsletter breaking down one essential story from the tech world. For more on the EV struggle, follow Andrew J. Hawkins. The Stepback arrives in our subscribers’ inboxes at 8AM ET. Opt in for The Stepback here. How it started Apologies to the Toyota Prius, but the first hybrid vehicle […]
Tesla, Ford, and Volvo occupy the top three spots in a new ranking of 18 global automakers based on their efforts to eliminate carbon emissions, environmental harms, and human rights violations from their supply chains. Toyota, meanwhile, lurks near the bottom of the list, underscoring the persistent difficulty in getting the world’s largest car company […]
In 1987’s The Living Daylights, James Bond presses a dashboard button to activate retractable tire studs, giving the Aston Martin V8 Vantage he’s driving more traction on a frozen lake. That tire technology is no longer limited to the movies. Later this year, Finnish tire brand Nokian is planning to launch a new snow tire […]
Demand for EVs has gone glacial, and one automaker after another is running aground: General Motors threw $7.6 billion overboard. Ford washed $19.5 billion off its books. Leave it to Stellantis to face the most titanic charge yet, a $26.5 billion bill for its own misplaced bet on EVs. The Jeep, Dodge, and Chrysler parent […]