No one said it was going to be easy, but the demise of the auto industry’s turn toward electric vehicles is being exaggerated, analysts said during Society of Automotive Analysts annual Automotive Outlook Conference. Get details at Headlight.News.
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Soaring Fuel Prices Threaten Market for Hydrogen Vehicles
When Toyota introduced the Mirai fuel-cell vehicle three years ago the automaker tossed in an appealing incentive, $15,000 worth of the hydrogen needed to power it up. At the time, it cost just over $70 to fill Mira’s 5.6-kilogram tank. Today, you’ll pay over $200 – if you can find the lightweight gas, as many of the stations providing it have run dry. And that’s threatening to short-circuit the “hydrogen economy” that fuel-cell proponents have predicted is just around the corner.
Headlight News for the Week of 1-29-24: Tesla Touts Cheap EV While Enduring Bad Week
This week on Headlight News we talk about Tesla’s tough week. During the company’s earnings call, CEO Elon Musk confirms the company’s well on its way to building a low-cost electric vehicle. Find out what happened and more at Headlight.News.
Apple Delaying EV Launch Four Years, Downgrades Planned Self-Driving Capabilities
It’s been a decade since Apple began work on what was to be a self-driving, all-electric vehicle. But, after years of turmoil, Project Titan appears to be delayed again, by at least four years. And it will have far less autonomous driving capabilities than originally planned, according to a new report. More from Headlight.News.
Latest Recall Adds to Tesla’s Very, Very, Very Bad Week
Tesla will recall 200,000 EVs to address a problem with their backup camera. The latest in a series of recalls comes as the automaker faces some serious challenges, including a slowdown in sales and earnings that led to a major sell-off of stock this week, wiping out $80 billion in shareholder value. Headlight.News has more.
White, Black, Gray and Silver Remain Top Colors for New Vehicles
Global paint behemoth BASF just completed its annual review of the top color choices for new vehicles around the world and discovered that it’s a black-and-white world out there — or more precisely, it’s a white and then black world as they were the top color choices globally in 2023. Find out more at Headlight.News.
GM, Honda Begin Joint Production of Hydrogen Fuel Cells
Hoping to take advantage of what proponents call the fuel of the future, General Motors and Honda today launched joint production of hydrogen fuel cells at a factory in suburban Detroit. The zero-emission devices will be used to power everything from portable generators to Class 8 trucks. And, as Headlight.News reports, the two automakers aren’t the only ones who see great opportunities with hydrogen technology.
UAW Endorses Biden for Second Term as President
President Joe Biden’s brief visit in September to a union picket line in Ypsilanti, Michigan during the United Auto Workers strike against Ford, General Motors and Stellantis is paying off with an UAW endorsement of Biden’s re-election. Find out more about the ties between the two at Headlight.News.
Tesla’s Next Generation Vehicle is Coming — And It’s Cheaper
Rarely content to simply confirm something most already know, Tesla CEO Elon Musk said Wednesday evening the company’s next-gen platform was in development — and that it will change the way manufacturing EVs is done. Find out what he meant at Headlight.News.
Tesla Records Big Profits for Q4, Full Year 2023
EV maker Tesla fell short of is production targets in 2023, but it still made plenty of money. In fact, it made money in spite of repeated price cuts on its most popular vehicles, the Model 3 and Model Y, which was the bestselling vehicle in the world. Find out more at Headlight.News.
Tesla Planning $25,000 EV Codenamed “Redwood”
Tesla CEO Elon Musk has repeatedly promised to bring more affordable EVs to market but has so far failed to pull it off. Now, however, a report indicates the Texas-based automaker is getting ready to follow through with a compact crossover that could be available by mid-2025 at a starting price of $25,000. More from Headlight.News.
EV Skeptic Akio Toyoda Sees Electric Vehicle Market Share Peaking at 30%
He’s warned that the switch to battery-electric vehicles could seriously harm the auto industry. And even though his successor as Toyota CEO has committed more resources to EVs, Akio Toyoda continues to see a future in which hybrids and other alternatives dominate the global market. More from Headlight.News.