Author: Stephen Edelstein

Lucid gets $1.5B cash injection from Saudis

2025 Lucid Air PureLucid Group on Monday announced that the Saudi Arabian Public Investment Fund (PIF), the automaker's largest shareholder, will inject up to $1.5 billion in cash. The deal will keep Lucid sufficiently funded until the fourth quarter of 2025, reports Reuters, and comes as Lucid prepares to grow its lineup beyond the Air sedan. The PIF took a $1...

Rivian Large+ battery is a software-locked Max Pack

2025 Rivian R1SSome Rivian R1 vehicles with the Max Pack battery will be delivered as Large+ models Vehicles with the Large+ battery pack feature a software-locked usable capacity It's unclear if Rivian will allow Large+ owners to unlock the extra battery capacity later Rivian is selling its revamped 2025 R1T and R1S with the largest Max Pack software-locked...

One out of three US cars sold might be electric by 2027

Tesla Model 3 PerformanceBloomberg New Energy Finance expects EV sales to grow exponentially General Motors has criticized President Biden's EV sales goals as unrealistic California aims to end the sale of most vehicles with an ICE by 2035 EVs could make up almost a third of U.S. new-car sales by 2027, assuming current policies remain in place, according to a Bloomberg...

EV buyers want maintenance at the dealership, study suggests

2024 Kia EV9U.S. dealers heavily rely on after-sale services and products for revenue EV buyers are willing to see dealerships manage EV maintenance, for a subscription fee Study also found dealerships can still do more with EV education EVs have lower maintenance needs than internal-combustion vehicles, but a new survey suggests that buyers may be interested...