“EV’s – Electric Vehicles”

After spending over $10 billion, screwing over corporate partners, hiring and firing talent and a decade of work trying to develop a flagship product for a new, massive market, Apple has killed what could have been its most ambitious product yet: an electric car.

Its death comes with no announcement, for Apple never officially acknowledged “Project Titan” existed, but Mark Gurman of Bloomberg reported Tuesday that its 2,000-person team had been shifted to other projects. But its demise is surprising because Apple rarely gives up on big projects, and because of just how much time and money had been spent on it.

Apple’s much-hyped electric car appears to have been killed off before it ever hit the road. For years, the tech firm’s plan to branch out into developing an electric, semi-autonomous car have been the subject of much excitement. Codenamed Project Titan, fans speculated that Apple would turn its magic to designing a car that would revolutionise driving. The template of a square box with four wheels underneath that has dominated auto design for more than a hundred years would become a thing of the past.

Aston Martin has delayed the launch of its first electric car as the luxury marque’s chairman admitted that drivers still want “the sports car smell, feel and noise” of a petrol engine.

The luxury car maker had originally aimed to launch an electric four-wheel drive grand tourer as soon as next year but will now hold off until 2026.

Lawrence Stroll, Aston’s executive chairman and biggest shareholder, blamed weak demand for higher-priced battery electric vehicles (BEVs) for the delay.

Rivian said on Wednesday it would cut its workforce by 10 percent – and forecast it would fail to hit delivery targets again in 2024.

It has been hurt by downtime for factory upgrades and slowing demand for electric vehicles due to high interest rates.

Rivian said it expects to produce 57,000 vehicles in 2024, well below estimates of 81,700 units, according to eight analysts polled by Visible Alpha.

What’s a Florida woman to do when her husband goes out to buy a $32,000 SUV but comes home with an electric vehicle for twice that much — that they can’t afford to keep but that they can’t afford to get rid of, either?

I mean, after she decides whether or not to consult a divorce lawyer.

U.S. President Joe Biden’s administration is set to ease proposed yearly requirements through 2030 of its sweeping plan to aggressively cut tailpipe emissions and ramp up electric vehicle sales, two sources told Reuters on Sunday.

Automakers and the United Auto Workers had urged the Biden administration to slow the proposed ramp-up in EV sales. They say EV technology is still too costly for many mainstream U.S. consumers and that more time is needed to develop the charging infrastructure.

EV’s are not the imagined savior. Instead they are a means for corporations to feast on subsidy’s provided by tax payers.

A warehouse storing 900 tons of lithium batteries waiting to be recycled went up in flames this afternoon, amid growing fears over their dangers.

The fire in France occurred at a storehouse in the town in Viviez in Aveyron, and residents were told to stay indoors by authorities.

Locals were ordered to keep their doors and window closed as the thick smoke engulfed the town. No injuries or deaths were reported.

TORONTO – Drivers may see higher premiums for their electric vehicles as the insurance industry adjusts to the shift from gas-powered cars to electric alternatives, a new report suggests.

The price tag of EVs and higher costs for repairs are likely to be key factors that could drive Canadian auto insurance higher in the coming years, similar to a trend seen in the U.K., the report published by Morningstar DBRS on Monday shows.

When Ollie, a delivery rider in York, England, got his first e-bike in 2022, it was a bit of a splurge. He bought it at a discounted rate negotiated by his delivery company.

Even with the discount, it set him back £1,000.

“The biggest issue is that e-bikes are expensive, and ones with safe batteries are extremely expensive, so many people opt for cheaper, less reliable and often dangerous batteries,” Ollie says.