Summary EV owners are finding that selling their vehicles does not cover the remaining loan balance Many EVs depreciate quickly in value, leading to financial loss for owners Some EV…

Summary Belgium’s largest battery energy storage system is now operational with 53 Tesla Megapacks The project in Wallonia, Belgium has a capacity of 50MW/200 MWh and is operated by Eneco Tesla also has a 50MW/100MWh project in Lessines, Belgium Tesla produces Megapacks at a facility in Lathrop, California and is…

Summary Tesla approved for first stage of Gigafactory Berlin expansion Expansion includes new facilities for logistics, battery cell test lab, and storage infrastructure Opposition from environmental activists and locals due to tree-clearing efforts for expansion Approval follows discovery of undetonated WWII bomb near Gigafactory Expansion expected to double plant’s production…

Summary Electric vehicles are often criticized for being expensive, but there are several affordable options available under $40,000 Many manufacturers offer underpowered base models with smaller battery packs to keep…

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Summary EV sales are growing beyond early adopters, reaching first-time EV buyers First-time EV buyers look for range, practicality, value, premium features, and coolness Certain EVs offer qualities that make transitioning to electric power less intimidating for new buyers Options…

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