For now, Tesla isn’t releasing its Cybertruck. It won’t come out until at least 2023. The production of the Cybertruck has been put off until early 2023, because Tesla is still working on making it better. This is the second time Tesla has pushed back the production of its electricContinue Reading
Amazon has revealed the first of three customized electric delivery vehicles to be built by Rivian. The company says it expects to have 10,000 of them in service by 2022 and a total of 100,000 plying the highways and byways of North America by 2030. It’s all part of Amazon’sContinue Reading
Ford’s F-Series trucks have been the United States’ bestselling pickups for over 40 years. In 2019 alone, Ford sold almost 900,000 of them in the United States, generating $42 billion in revenue as per data from the Boston Consulting Group. This is a notable amount, considering that Ford’s entire automotiveContinue Reading
Zoox, based out of California, has been working for years on autonomous ride-hailing technology. It was valued at $3 billion in 2018. It is currently in talks with Amazon about a potential acquisition. The Financial Times reported that the total deal would be valued around $1.2 billion. Perhaps the mostContinue Reading
A Tel Aviv based startup by the name of REE Automotive is working on a standardized undercarriage, which can be used to build any type of vehicle on top of it. A very recent example of this was showcased by electric truck maker ‘Rivian.’ REE feels that this is theContinue Reading
It seems like Electric Vehicle (EV) segment has become the new tech market for all types of investors. Besides venture capitalists (VCs), many corporate venture entities of Fortune 500 companies stepped in last year. In 2019, old mastodons like Intel, Airbus, Samsung, Goldman Sachs, Alliance, and Accel entered the e-mobilityContinue Reading
Amazon announced it is ordering 100,000 electric delivery vans from Rivian. Amazon expects the vans to enter service beginning in 2021, with all of of them on the road by 2030. Once fully deployed, the electric vans are expected to keep over 4 million metric tons of carbon dioxide out ofContinue Reading
