N Day: Hyundai Reveals N Vision 74 And RN22e, Ioniq 5 N Debuts In 2023
Electric Vehicles – The Truth About Cars
by Matt Posky
1y ago
The 21st century has been particularly kind to the Hyundai Motor Company, though this was hardly a matter of chance. Originally known in the West for providing bargain automobiles that were surprisingly competent, it wasn’t long before the South Korean brand was giving Japanese mainstays stiff competition. By the early 2000s, Hyundai was working hard […] The post N Day: Hyundai Reveals N Vision 74 And RN22e, Ioniq 5 N Debuts In 2023 appeared first on The Truth About Cars ..read more
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2024 Hyundai Ioniq 6 EV Previewed
Electric Vehicles – The Truth About Cars
by Matt Posky
1y ago
In 2020, Hyundai Motor Group unveiled the Prophecy concept EV which everyone immediately noticed had embraced an alternative, almost opposite, design language from the angular 45 concept. The latter model went on to serve as the blueprint for the Ioniq 5, whereas the Prophecy has morphed into the Ioniq 6 you see before you. While much of […] The post 2024 Hyundai Ioniq 6 EV Previewed appeared first on The Truth About Cars ..read more
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EVs Are Becoming More Expensive, Not Less
Electric Vehicles – The Truth About Cars
by Matt Posky
1y ago
A few years ago, the industry narrative was that all-electric vehicles would reach financial parity with their combustion-driven counterparts in 2025. The assumption was that this would gradually occur by way of ramping up battery production and leveraging economies of scale. However, reality had a different take, as the world is now confronting record-setting prices […] The post EVs Are Becoming More Expensive, Not Less appeared first on The Truth About Cars ..read more
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Ferrari Says Majority of Sales Will Be EVs, Hybrids by 2030
Electric Vehicles – The Truth About Cars
by Matt Posky
1y ago
Last week, news broke that Ferrari was plotting a third assembly line in Maranello dedicated entirely to EV production. But this turned out to be little more than a preamble for the obligatory announcement that the company would eventually transition toward building electric vehicles. On Thursday, the Italian automaker told investors that all-electric and hybrid models […] The post Ferrari Says Majority of Sales Will Be EVs, Hybrids by 2030 appeared first on The Truth About Cars ..read more
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Report: Hyundai May Choose Georgia for EV Plant
Electric Vehicles – The Truth About Cars
by Matt Posky
2y ago
Hyundai Motor Group has been considering where to establish its planned EV manufacturing hub for the United States for roughly a year now and is reportedly zeroing in on the State of Georgia as a final destination. It’s even said to have conducted some preliminary meetings with local leaders about the possibility of breaking ground […] The post Report: Hyundai May Choose Georgia for EV Plant appeared first on The Truth About Cars ..read more
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UAW & Green Lobby Sue USPS Over Not Prioritizing EVs
Electric Vehicles – The Truth About Cars
by Matt Posky
2y ago
On Thursday, The UAW and a group of environmental groups based in the United States filed numerous lawsuits in an effort to block the U.S. Postal Service (USPS) from moving forward with plants to purchase gasoline-powered next-gen delivery vehicles (NGDVs) from Oshkosh Defense. The suits are being launched on the grounds that the USPS failed to comply with […] The post UAW & Green Lobby Sue USPS Over Not Prioritizing EVs appeared first on The Truth About Cars ..read more
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SEC Subpoenas Faraday Future Executives
Electric Vehicles – The Truth About Cars
by Matt Posky
2y ago
Several executives from perpetual automotive startup Faraday Future have reportedly been subpoenaed by the U.S. Securities and Exchange Commission as part of an investigation into inaccurate statements made to investors. Though, considering the nameplate’s history, it would be impossible to assume which item the SEC will be focusing on thanks to FF’s exceptionally long history […] The post SEC Subpoenas Faraday Future Executives appeared first on The Truth About Cars ..read more
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Rivian Rolls Back Price Increase After Making Everyone Angry
Electric Vehicles – The Truth About Cars
by Matt Posky
2y ago
On Tuesday, Rivian announced it would be increasing vehicle pricing by roughly 20 percent to account for higher inflationary pressures and higher component costs. It’s not the first electric vehicle startup to do so, or even the first automotive business that realized the hectic economic situation has created a window for expanding profit margins. But […] The post Rivian Rolls Back Price Increase After Making Everyone Angry appeared first on The Truth About Cars ..read more
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Toyota Announces EV Strategy, Readies $70 Billion for the Cause
Electric Vehicles – The Truth About Cars
by Matt Posky
2y ago
On Tuesday, Toyota Motor Corp. announced a commitment of 8 trillion yen ($70 billion USD) toward the goal of achieving carbon neutrality someday. Though the concept of any multinational manufacturing entity totally nullifying their carbon footprint seems kind of laughable, so we’ll be referencing this as another electrification strategy — which is still a big deal considering […] The post Toyota Announces EV Strategy, Readies $70 Billion for the Cause appeared first on The Truth About Cars ..read more
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Elon Musk Continues Insulting Biden Admin’s EV Tax Credit Scheme
Electric Vehicles – The Truth About Cars
by Matt Posky
2y ago
Elon Musk has continued bashing the Biden administration’s tax credit legislation designed to spur electric vehicle adoption, this time suggesting that the entire bill be scrapped. Included as part of the Build Back Better Act that’s focused on addressing various social, infrastructure, and climate issues, Musk suggested the entire text simply be done away. “Honestly, I […] The post Elon Musk Continues Insulting Biden Admin’s EV Tax Credit Scheme appeared first on The Truth About Cars ..read more
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