Tagged: eV

Volkswagen takes a $5B stake in Rivian

2025 Rivian R1TVolkswagen just bought a $5 billion stake in Rivian The cash infusion will help bring the smaller Rivian R2 to market The deal gives VW access to Rivian's software and zonal electronics platform The Volkswagen Group will invest up to $5 billion in Rivian, laying the groundwork for collaboration on future EVs, the two automakers announced Tuesday...

Ferrari builds a new factory—just for electric cars

Ferrari e-buildingFerrari is prepping its first EV The new electric car will be built at its own newly-built factory in Maranello Ferrari plans for most of the factory's power to come from sustainable sources Ferrari recently unveiled an expansion of its factory to accommodate production of the automaker's first EV. The reconfigured "e-building" factory will...

CA wants EVs to be more affordable

2025 Nissan LeafCalifornia residents can qualify for an incentive of up to $14,000 for EVs and charging hardware Some incentives depend on scrapping an older vehicle The state wants all new vehicles sold there to have charge ports by 2035 California is introducing a new EV incentive program to give up to $14,000 to low-income shoppers. First spotted by...