Dealerships must deal with the time and bear the additional cost that comes with installing fast chargers on their lots, due in large part to service and installation upgrades, said Carscoops. “According to (Starling Automotive Group) owner Alan Starling, the power company said he would also need to upgrade his electrical service in order to install fast chargers at his dealerships”—an upgrade that puts his total cost of installation at more than US$220,000. (Source: Carscoops) Read the original article.
Mid-size cars don’t measure up in side crash tests
Mid-size cars don’t hold up as well as crossover SUVs in a new side impact test conducted by the IIHS, the insurance industry-funded nonprofit announced Thursday. Only the 2022 Subaru Outback earned a top “Good” rating in a new crash …
Hyundai using “Software Defined Vehicles” to rival Tesla
Hyundai is known around the world as an automaker, but now the South Korean company wants to become a maker of Software Defined Vehicles—a term widely used now within the auto industry with a new acronym: SDVs. Just what are …
OEMs will likely need profits from ICE models to offset EV costs
Yes, the electric vehicle price war has likely begun. Last month’s Tesla price cuts slashed up to 20 per cent of the cost to buy the EV maker’s vehicles. Then in a rare move, Ford dropped prices on its Mustang …
EVs not Honda’s only plan to become carbon neutral by 2050
Honda is the world’s largest manufacturer of internal combustion engines. From lawn mowers and motorcycles to cars and even jets, the Japanese company’s engines reach nearly every corner of the planet via a wide variety of products. Due to the …
Lithium supply insufficient for US EV adoption goals: mining CEO
Automakers already made it clear that the rules that will be put into law thanks to the Inflation Reduction Act will likely cripple EV producers long before promoting them. This is because the US simply doesn’t have the battery material …
iPhone manufacturer Foxconn may soon be building Teslas?
Taiwan’s Hon Hai Technology Group, better known as Foxconn or simply the iPhone maker, would like to become for Tesla what it is for Apple now: a contract manufacturer. Young Liu, the CEO and chairman of Foxconn, revealed that the …