Author: News Room

Tesla is reportedly in the final stages of securing a lucrative electrode supply deal with Korean company LG Energy Solutions (LGES) in order to support the production of over 1.3 million electric vehicles (EVs). The deal, worth approximately $4.4 billion, will provide Tesla with a significant amount of electrodes needed…

Fleetdrive Management Ltd offers electric vehicles for lease through its trading style, ‘DriveElectric’. The company is authorized and regulated by the Financial Conduct Authority, acting as a Credit Broker for regulated leasing business. They work with a limited number of lenders and may receive a commission based on the amount…

Honda is investing $700 million to retool three of its plants and build a new $3.5 billion battery plant in the U.S. for EV mass production. The company is emphasizing its flexibility in adapting to the shift to accommodate EV production. Honda can potentially produce hundreds of EVs per day…

Bolt, a leading on-demand mobility company in Africa, has partnered with M-KOPA, a leading African fintech platform, to launch an electric bike fleet in Kenya. This initiative will offer new and existing drivers the opportunity to lease ROAM and Ampersand electric motorbikes at discounted rates, in alignment with global efforts…

The Fisker Ocean, now the cheapest new electric vehicle in America, could soon face the possibility of bankruptcy. The company has drastically reduced prices in an attempt to bring in more cash as it struggles to stay afloat. However, industry experts caution against purchasing the Ocean at this time due…

The Rivian R3 and R3X have been generating a lot of attention recently, but the upcoming midsize R2 crossover from Rivian is also expected to be a huge success. The R2 is considered to be the middle child in the Rivian lineup, with the R1S and R1T receiving more attention.…

The debate about electric vehicles (EVs) has been heating up, with experts and analysts warning about the potential negative consequences of transitioning to electric vehicles in the United States. Former CIA officer Bryan Dean Wright highlighted concerns about affordability, range, weather, infrastructure, and economic issues related to EV adoption. He…

Tesla has produced around 140 units of its all-electric Tesla Semi Class 8 rig since production began at the end of 2022. The company never released official production figures for the vehicle, but CEO Elon Musk initially aimed for an annual production of 50,000 units in 2024. However, due to…

The International Energy Agency (IEA) predicts that sales of electric and plug-in hybrid cars will reach a new global record in 2024 at 17 million units, reflecting a growth of over 20% compared to 2023. The IEA also forecasts that most electric cars will be priced similarly to petrol equivalents…

The International Energy Agency predicts that global electric vehicle sales will increase by more than 20% to reach 17 million this year, with China leading the way. The surge in demand for EVs is expected to reshape the global auto industry and reduce oil consumption for road transport significantly. The…