Citing Chinese automobiles and trucks with internet connectivity as a possible national security threat, President Biden directed the Commerce Department to launch an inquiry into foreign software in automobiles. Get details at Headlight.News.
Polestar
Volvo Cuts Off Funding for Polestar
Struggling Polestar faces some serious financial challenges now that Volvo, its Swedish parent, plans to cut off funding for the battery-electric startup. It’s the latest sign of retrenchment by the auto industry as the rapid growth of EV sales has started to flatten out. Volvo itself continues to move forward with plans to become an all-electric brand by decade’s end. Investors applauded the move — and Volvo’s stronger than expected earnings.
Dozens More EVs Coming in 2025 and 2026
At least 40 new battery-electric vehicles are due to reach U.S. showrooms in 2024 — and that’s a conservative estimate as we’ve had a number of surprises dropped on us by both domestic and foreign-owned brands. If anything, the flood of EV offerings will likely accelerate going forward. Here’s a look at some of the models we’re expecting in 2025 and 2026. Headlight.News checks out 45 of them.
Here are the 40+ EVs Coming to Market in 2024
As recently as 2019 you’d have to struggle to find an EV at your local showroom. Today, however, there are more than 50 different nameplates available in the U.S., the vast majority offered with range exceeding 200 miles – and some products doubling that figure. But the pace of introductions is only set to accelerate, with dozens of new battery-electric vehicles soon coming to market. Headlight.News checks out the most interesting and important products debuting in 2024.
Where’s My Affordable EV? Tesla, GM and Other Automakers Claim it’s Coming
At an average cost of $60,000, most of today’s battery-electric vehicles fall into the luxury category — and that’s one reason why the growth of the EV market has slowed down this year. But as we head into 2024, motorists who want to go electric could soon find more affordable options. Get details at Headlight.News.
Polestar Betting on New Battery That Will Charge Nearly as Fast as You Can Fill Your Gas Tank
Polestar hopes to become the first automaker to adopt a unique new battery design that will address one of the biggest concerns about EVs: their long charging times. Developed by start-up StoreDot, the technology is capable of adding 100 miles of range in just five minutes. And, unlike existing chemistry, StoreDot and Polestar claim repeated fast-charging won’t degrade battery life.
From Bad to Worse — Startup EV Brands Face Mounting Problems
Only a few years ago, an array of EV start-ups appeared poised to revolutionize the auto industry. Today, many have vanished while others struggle for survival. There have been a few success stories but the shake-out is likely to continue, reports Headlight.News.