Lotus has just announced it is opening the US order books for its fully electric super SUV, the Eletre. Think of it as an electric alternative to the Lamborghini Urus, complete with a similarly daring design, a flamboyant and high-class interior, and a sub-3-second sprint time to 62 mph (100 km/h) in its most powerful […]

Last year, demand for lithium-ion batteries that went into electric vehicles and stationary storage amounted to roughly 950 gigawatt-hours globally, according to estimates from BloombergNEF. At the same time, the total battery manufacturing capacity was almost triple, at about 2,600 GWh. At the end of next year, the total global announced battery manufacturing capacity is

Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. Automakers

Mercedes-Benz is scrapping extended-range EV powertrains after tests of prototypes, according to an Autocar report citing an anonymous source with knowledge of the matter. Mercedes built and tested some prototypes based on existing models, “concluded that the range-extender drivetrain is a transitional technology with a relatively short-term benefit in terms of sales and comparatively high production

The 2024 Lucid Air Grand Touring—the longest-range version of the Air luxury sedan—gets some small but notable changes for the current model year, Lucid announced Wednesday in a press release. The Grand Touring is the second Air model to get a heat pump, after the high-performance Sapphire. As previously shown in other EVs, a heat