Elon Musk celebrates yes vote by Tesla shareholders that secures his record-setting compensation plan after a judge in Delaware voided the proposed pay package in January.
Regulatory
Jeep Confirms $25,000 Renegade EV Coming in 2027 – Offers First Details
Jeep will introduce a $25,000 EV in 2027, officials from parent Stellantis confirmed on Thursday. CEO Carlos Tavares – who first dropped hints about the affordable offering last month – added a number of other details during a meeting with investors.
Flexibility is Key, Stellantis CEO Tavares Tells Investors – Though “Arrogance” Almost Knocked it Down
Stellantis faces challenges and has lost ground in the U.S. CEO Carlos Tavares acknowledged during Thursday’s “Investors Day” conference, putting some of the blame on his own shoulders. But the carmaker’s flexible strategy and new products offer hope for the future and protect the company’s profitability, he promised analysts and shareholders.
Americans Say They’re Ready to be Slowed Down
A new study revealed 60% of Americans were in favor of technology alerting them when they were speeding, and about half were in favor of more proactive technologies to slow them down. These findings come weeks after California asks automakers to install speed limiters in vehicles. Headlight.News has the story.
Volvo Recalling All EX30 EVs to Repair Software Glitch
Volvo is recalling nearly 72,000 EX30 SUVs because of a software problem that can glitch the EV’s speedometer. It’s the second software problem that has plagued the new battery-electric vehicle. But motorists may not even know there’s a problem unless they read the mandatory recall notice sent under federal guidelines.
Your Smartphone May Be Snitching On You to Your Insurance Company
How you drive is something your insurance company would like to know about, and some motorists willing reveal that information hoping to get lower rates. But even without your consent your driving habits are being revealed – by your smartphone, according to a new report, and not always with your consent.
Trump Loads Campaign Appearance With False EV Claims
In years past, Donald Trump has declared he is “all for” EVs, but you’d have a hard time believing it based on the claims made during a weekend campaign rally. Declaring battery power a “hoax,” the presumptive GOP nominee for president insisted there are “no chargers,” and that EVs are so heavy they’d destroy every bridge in the country. He also warned during a stop in Las Vegas that electric boats can’t float, among other problems.
No EV Slowdown for GM, May Brought “Best Month Ever,” Says CEO Barra
The growth of the U.S. EV market may be slowing for the auto industry overall, General Motors sales were charged up, according to CEO Mary Barra, who said the automaker had its “best month ever” in May. But the automaker is still ready to adjust its electrification plans.
New York Abruptly Cancels Plans For Congestion Charge, Cites Economic Challenges
New York pivots on controversial congestion charge plan. Cites changing economic climate as the cause.
Virginia Quits “Misguided” California EV Mandate
Gov. Glenn Youngkin announced Wednesday that Virginia is walking away from the California electric vehicle mandate which he termed “misguided” and “fundamentally wrong.” Seventeen states and the District of Columbia have adopted the rules which set strict targets for the adoption of zero-emission vehicles, primarily EVs. The move by Youngkin, a Republican, faces legal challenges, however.
Shift to Plug-in Hybrids and Range-Extenders Accelerates
While growth in the battery-electric vehicle segment has slowed sharply this year, sales are rising fast for hybrids – and automakers like Toyota, General Motors, Hyundai Motor Group and others are forecasting demand could grow at a near exponential rate for plug-in hybrids and range-extenders – driven in part by revised federal emissions standards.
Toyota, 3 Other Japanese Automakers, Acknowledge Cheating on Safety and Emissions Tests
Toyota Chairman Akio Toyoda “sincerely” apologized Monday for the automaker’s role in a cheating scandal that has swept through the Japanese auto industry. The industry giant, along with Honda, Mazda and Suzuki have pleaded after a government investigation in their home market revealed they rigged emissions and safety tests. Production of some of the vehicles have been halted, as a result.