Straubel aims to leverage two partnerships, one with Panasonic Corp , the Japanese battery manufacturer that is teamed with Tesla at the Nevada gigafactory, and one announced weeks ago with e-commerce giant Amazon . With production of electric vehicles and batteries about to explode, Straubel says his ultimate goal is to "make a material impact on sustainability, at an industrial scale."
The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up better than the overall market amid a deeply painful recession, mainly thanks to the action of governments. The 27-country European Union is moving ahead with a major shift in transportation as part of the bloc's efforts against climate change.
From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc is having a moment in South Korea, particularly among tech-savvy professionals. "I am not interested in cars, but I am interested in the Tesla brand and its technology," the 39-year-old told Reuters. Kang bought a Tesla Model 3 in December, ditching the Hyundai crossover he bought only last summer.
Volkswagen's expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms, chief strategist Michael Jost said on Thursday. Electric car batteries could be used to stabilize the energy grid by charging the battery in times of excess supply and selling electricity back to the grid at times when supplies of electricity from wind and solar power are low, Jost said.
Moving from internal combustion to electric power does more than reduce tailpipe emissions: it will fundamentally shatter today’s auto maintenance and service sector. With one-fifth the number of powertrain parts and an almost total elimination of oil (a), the typical automotive dealer will suffer 35% declines in maintenance and service revenue, or roughly $1,300, for an EV versus an internal combustion engine vehicle over a five-year period (b). Two of the top three maintenance items — oil ch