After revising its supply chain, Cadillac once again can offer $7,500 in federal tax credits to buyers of the Lyriq EV. The automaker briefly lost those incentives after the U.S. Treasury updated guidelines under the Inflation Reduction Act on January 1. The news means Caddy gets a critical advantage over a number of competing luxury EVs that have also lost their tax credits this year.
Korean luxury brand Genesis is reportedly rethinking its plans to evolve into an all-electric brand. The company is instead looking at other electrification options, with plans to launch its first hybrid model as early as next year. But what form it will take reportedly has not yet been determined.
Facing slowing sales growth — and pressure from automakers and their dealers — the Environmental Protection Agency may delay proposed emissions rules that would require EVs to account for as much as two-thirds of the new vehicles sold in the U.S. by 2032. The move would provide more time to address issues blamed for slowing adoption, including the high cost of EVs, as well as the lack of a robust public charging network.
The struggling market for fuel-cell vehicles was handed another setback as Shell announced that it was shutting down all seven of its hydrogen refueling stations open to retail customers in California. That might seem an irrelevant number were this to involve its gasoline service network. But it represents nearly one in six of the hydrogen facilities in California and about 12% of the 59 open to the public nationwide.
General Motors’ autonomous vehicle subsidiary, Cruise, took another step in the rehabilitation of its image, making good on plans to hire a Chief Safety Officer. In the wake of last October’s incident with a pedestrian in San Francisco, the company said it would take steps to improve the safety of its vehicles. AV development veteran Steve Kenner is the new hire. Get details at Headlight.News.
Distracted driving catches blame for about 10% of all U.S. highway fatalities, according to government data, but if driver’s texting and chatting on their smartphones hasn’t become a serious enough problem, the situation could soon get even worse. Federal regulators...
Volkswagen “remains committed” to its aggressive EV program, the automaker’s U.S. chief executive said. But, as sales growth slows, the German auto giant is also considering adding hybrids and plug-in hybrids to its American fleet. And it’s not alone. Other manufacturers who’ve made major commitments to EVs, such as Kia, are also turning to hybrids to help them meet emissions targets because of consumer resistance to all-electric vehicles.
Elon Musk created a fair share of controversy several years ago when he appeared to smoke a joint during an appearance with podcaster Joe Rogan. A new report is kicking up even more dust, the Wall Street Journal alleging money and drugs have improperly tied the Tesla CEO to the same board of directors that previously approved a $55 billion pay package for Musk.
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.
The crash of a Cruise ride-share vehicle in San Francisco last October has raised concerns about the readiness of robocab technology. But how will buyers take to an alternative approach that has launched in Las Vegas? German startup Vay’s small car-sharing fleet doesn’t have humans onboard. Instead, it relies on remote “teledrivers.” More from Headlight.News.
Tesla has become the latest automaker to raise wages for its U.S. workers, a move that industry-watchers see as an effort to stall an organizing drive by the United Auto Workers Union. The Texas-based EV manufacturer is seen as particularly vulnerable, especially at its California assembly plant which has faced numerous complaints about racial and sexual harassment and unsafe working conditions.
The New Year brings bad news for potential EV buyers as only a handful of models now qualify for federal tax credits of up to $7,500. That’s because of new requirements covering the sourcing of batteries and raw materials like lithium and cobalt. Among the brands impacted are Tesla, Nissan, General Motors and Ford. And analysts worry this could further slow growth of EV sales.