Lucid 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... Lucid gets $1.5B cash injection from Saudis
Lucid 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... 
Some 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... 
Nissan has recalled 2023 Ariya electric SUVs due to a software error that could cause a loss of drive power. The recall covers 1,188 vehicles, all of which were previously recalled for an inverter issue, according to the National Highway Traffic Safety Administration (NHTSA). The vehicles being recalled this time, which may include a mix of... 
A Porsche Taycan wireless charged at a rate of 270 kw The Department of Energy's Oak Ridge National Laboratory (ORNL) partnered with Volkswagen Group for the test No timeline was given to put a system like this in production, but testing will continue In a recent test, the Department of Energy's Oak Ridge National Laboratory (ORNL) wirelessly... 
EVs cost less to fuel in every state of the U.S. By electricity cost vs. gas prices, there's a vast range among states EVs have the strongest advantage in Idaho, Washington, and the Northwest Fluctuating gas prices can make internal-combustion vehicles cost up to six times more to drive than EVs, but the potential savings can vary in different... 
Bloomberg 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... 
U.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... 
The 2025 BMW i5, the all-electric version of the 5-Series midsize luxury sedan, returns essentially unchanged for its second model year. The entry point to the i5 lineup is the single-motor rear-wheel drive i5 eDrive40, which costs $68,275 with the mandatory $1,175 destination charge. It's still rated at 335 hp and 295 lb-ft of torque, with a... 
Uber partnered with BYD for 100,000 EVs for the ride-hailing service The partnership could get BYD into the U.S. while skirting retail sales Uber's targeting a zero-emissions platform by 2040 and going all-electric by 2030 in some markets Uber on Wednesday announced a partnership with BYD to bring 100,000 of the Chinese automaker's EVs to its... 
Volkswagen's reportedly having software issues with its next-gen EVs The software issues could lead to years-long delays for next-gen vehicles VW invested $5B in Rivian to get the startup automaker's electrical architecture Volkswagen's next-generation EV platform is being delayed due to software issues, reports Autoblog, citing German media... 