Transportation Secretary Pete Buttigieg touted the benefits of higher gasoline prices during a congressional hearing on Tuesday. Buttigieg appeared before the House Transportation and Infrastructure Committee to examine the implementation of the Infrastructure Investment and Jobs Act. In an exchange with Rep. Carlos Giménez (R-Fla.), Buttigieg reiterated his position that the rising cost of gas…
Pete Buttigieg Says High Gas Prices Will ‘Benefit’ Those Who Access EVs
July 19, 2022
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Business & Marketseconomic policieseconomyElectric VehiclesExecutive BranchGold and CommoditiesMarketsPete ButtigiegPoliticsUS
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Chinese EV Maker BYD Is Beating Tesla
July 8, 2022
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Business & MarketsBusiness ColumnistsBYDChinaElectric VehiclesOpiniontariifsteslaThinking About China
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Commentary The competition over electric cars is heating up, and China’s BYD just pulled ahead of Tesla. BYD sold 641,000 vehicles in the first six months of the year, with Tesla selling just 564,000. Tesla only sells electric vehicles (EVs), whereas one of BYD’s strengths is not only EVs, about half of unit sales, but…
Minimum Wage Rises in Multiple States; Meta Cuts Hiring Plans, Braces for Downturn | NTD Business
Many parts of the United States are raising the minimum wage, aiming to make sure the lowest-paid can keep up with the cost of living. We hear from both sides of the issue. Facebook owner Meta is warning staff it’s cutting its hiring plans, bracing for an economic downturn. One of Europe’s biggest automakers is warning…
Electric Vehicles Have ‘Embarrassing’ Number of Quality Issues Compared to Combustion Engines: 2022 Study
June 30, 2022
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Business & MarketsCar Quality RatingCompanieselectric vehicle technologyElectric VehiclesTechTech NewsUSUS News
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Battery-electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs) have turned out to have more problems than internal combustion engines (ICE), according to a new study by data analysis and advisory firm J.D. Power. While ICE vehicles averaged 175 problems per 100 vehicles (PP100), this jumped to 239 among PHEVs and 240 among BEVs, a June…
ExxonMobil CEO Makes Bold Prediction About Electric Vehicles
ExxonMobil CEO Darren Woods claimed that every passenger car in the United States and the world will be electric by the year 2040. “With respect to electric vehicles, the first thing we did was to ask ‘what’s the relevance? How material is it to our business?’ And we did some work very early on and said,…
Biden Administration Spends $5 Billion on Electric Vehicle Charging Stations, No Help on Gas Prices
The vast majority of the driving public in the United States uses traditional gas powered vehicles, but the Biden administration is focused on the transportation problems of electric vehicles (EVs), namely the scarcity of charging stations in many areas, rather than tackling record high gas prices. California has 13,452 EV charging stations, the most of…
Australian State of New South Wales to Expand Electric Vehicle Charging Infrastructure
Australia’s New South Wales (NSW) government has pledged a further $38 million (US$26.5 million) to expand electric vehicle (EV) charging infrastructure across the state, a move they hope will accelerate the EV revolution. Coming as part of the 2022-23 state budget, this funding builds on the government’s $633 million investment under the NSW Electric Vehicle…
Vehicle Maker Electric Last Mile Files For Bankruptcy
June 14, 2022
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Bankruptcy filingsBusiness & MarketsCompaniesElectric VehiclesEV makerSEC investigationSPACUSUS News
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Electric Last Mile Solutions (ELMS), a commercial electric vehicle (EV) company, has announced that it plans to file for Chapter 7 bankruptcy, less than a year after it went public through a merger with a special purpose acquisition company (SPAC). The company’s CEO Jim Taylor and executive chairman Jason Luo resigned in February 2022 following…
Tesla’s EV Lead Outstrips Industry Rivals, but Not for Long, Says Volkswagen CEO
Tesla, the world’s leading electric vehicle manufacturer, is moving at twice the speed than its competitors, said Herbert Diess, CEO of Volkswagen AG, the world’s second-largest EV manufacturer, at a June 1 conference at the CAR Symposium conference in Bochum, Germany. Tesla has managed to secure its position despite factory shutdowns, a lack of computer chips, and…
Arbitrary Fines Have Troubled Low-Speed E-Vehicle Drivers in China for Years
China, a nation of bike riders, is now becoming a nation of e-bike and low-speed electric vehicle (LSEV) drivers. Since these light e-vehicles became a popular form of transportation, many owners complain they are given indiscriminate fines by the authorities. Starting in March, various Chinese media reported that many local governments started a so-called special…
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