Volvo Cars will launch production of a new electric crossover at its U.S. assembly plant in early 2025. The model, as described by two sources familiar with the plans, will slot between the midsize XC60 and large XC90 crossover in size. The EV is based on a new electric platform and will feature advanced autonomous
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U.S. President Joe Biden publicly acknowledged Tesla’s role in U.S. electric vehicle manufacturing on Tuesday, after CEO Elon Musk repeatedly complained about being ignored. “From iconic companies like GM and Ford building out new electric vehicle production to Tesla, our nation’s largest electric vehicle manufacturer, to innovative younger companies,” Biden said, adding other start-ups and
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10:00 AM ET A new racing team owned by former Olympic gold medal winner and transgender activist Caitlyn Jenner will compete in the 2022 W Series, the all-female motor racing championship said on Tuesday. American Jenner, a former professional racing driver, will be the team principal overseeing the day-to-day running of the Jenner Racing team.
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In most parts of the world, electric vehicle sales are little more than a trickle right now. Sure, Norway stands in a class of its own — 65 percent of vehicles sold there in 2021 were fully electric — but in other regions, that percentage is more likely to be the low single digits. Even
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COVID-19 dealt the nascent micromobility movement a stunning blow just as the industry was accelerating. In 2019, McKinsey & Co. consultants predicted that micromobility would be a $300 billion to $500 billion market by 2030. The number of journeys made on e-scooters in the U.S., for instance, had more than doubled to 86 million in
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