Author: Stephen Edelstein

Aptera claims enough crowdfunding to make solar EV

Aptera Sol alpha prototypeAptera claims to have raised enough money in a recent crowdfunding campaign to start production of its solar-assisted three-wheeled EV, but the company is still far from assured of success. The company on Friday announced the completion of its Accelerator Program, which allowed those investors contributing $10,000 or more to secure one of the...

NADA aims to turn car dealers into EV experts in 90 minutes

2024 Cadillac LyriqThe National Automobile Dealers Association (NADA) has launched a certification program it claims can turn car salespeople into EV experts in just 90 minutes. Called ElectrifIQ, the program aims to prepare dealers to address common consumer questions, relating to things like charging times and costs, total cost of ownership, and available...

Survey: Dealers think Biden is moving too fast on EVs

2024 Kia EV6 GTDealers think the Biden administration's EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The publication's 2024 Dealer Outlook Survey compiled responses from 208 U.S. car dealers and dealership managers. Nearly 83% of those surveyed said the federal government was pushing too...

Volvo cuts Polestar funding, as EV startup struggles

2024 Polestar 3 prototypeVolvo will stop funding Polestar, in a move that will give its parent, China's Geely greater control of the EV brand. But according to Volvo, in terms clarified on Friday, it won't completely let go. It will retain about 18% of Polestar shares, while the rest of it will go to Volvo's shareholders—allowing its majority owner Geely to boost...

EV sales near 8% of US new vehicle market

2024 Hyundai Ioniq 5EV sales will reach 8.0% of the total U.S. new vehicle market this month, S&P Global Mobility has predicted. The market share of EVs won't increase dramatically over the previous month, as automakers, dealers, and consumers digest new federal tax credit rules brought on by the Inflation Reduction Act (IRA) that went into effect with the start...

Study: EV charge times and cost may be holding shoppers back

2024 Ford F-150 Lightning FlashThe reasons why EVs might not click for all car shoppers are evolving—and it's no longer simply a matter of whether an EV will go far enough on a charge. Cost and the time needed to charge are now nearly as important to U.S. car shoppers as range, a Deloitte study published earlier this month found. Time required to charge was listed as a...