By on October 30, 2020

Fisker Inc.

Despite having never manufactured a single production model, Fisker Inc. is a company reportedly worth billions. On Thursday, the prospective automaker indicated that it was ready to see how much more it could get via an announcement that it had officially completed its business combination Spartan Energy Acquisition Corp  a special purpose acquisition company  and was ready to be publicly traded.

Better call your broker.

Listen, if we could explain to you why technology firms with no product lineups or revenue sources are eligible to receive cash enemas from the stock market, we absolutely would. But the amount of mental gymnastics required to rationalize an answer has surpassed what your author can entertain without risking his own sanity. Special purpose acquisition companies (aka SPACs or “blank check” firms) have exploded in popularity and allowed dozens of businesses going public to rake it in via reverse-mergers this year. Whether it’s economic voodoo or sheer madness, it has become the status quo for IPOs seeking to raise insane amounts of money.

(Read More…)

By on April 6, 2020

Like most legacy automakers, Volkswagen is casually walking back promises of electrification. As with self-driving cars, the technology behind new-energy vehicles is taking longer to mature than the industry would like. Meanwhile, the market — skewed as it is toward larger models — has been about as cooperative as a sugared-up child come bedtime.

Despite governments around the world incentivizing the sale of EVs, they’re still but a fraction of whole.

With the pandemic undoubtedly discouraging consumers from purchasing big-ticket items, electric vehicle sales aren’t presumed to make a lot of headway in 2020, either. We recently learned that some of the promises made by Ford and General Motors in regard to electrification were overblown by corporate messaging. In truth, they both plan on remaining heavily dependent upon truck and crossover sales for several more years.

However, Volkswagen seemed to be betting everything it had on battery technology. In the wake of its 2015 diesel emission scandal, VW was one of the first companies to promise widespread electrification by suggesting it would build one million EVs by 2023 — with 70 new green models introduced by 2029. The past year has seen the automaker issue qualifying remarks that leave us feeling dubious about its end goal.   (Read More…)

By on July 30, 2019

Over the weekend, CBC reported a Hyundai Kona Electric had exploded in Montreal — blowing the roof and door off its owner’s garage. Piero Cosentino claimed he saw black smoke coming from the building on Friday afternoon and quickly turned off the breaker to avoid further damage. Unfortunately that was enough, the car became engulfed in flames and popped.

“If we were in front of the garage door, we could have been in the hospital,” Cosentino said.  (Read More…)

By on July 11, 2019

Fiat Chrysler will invest $788 million to build a production line for the new 500 electric, according to the company’s European CFO Pietro Gorlier. An extension of automaker’s plan to to dump 5 billion euros ($5.6 billion) into Italy, the deal makes good on earlier promises that the automaker would establish a dedicated small battery-electric vehicle platform.  (Read More…)

By on March 23, 2017

2017 Chevrolet Bolt EV

General Motors began taking pre-orders in South Korea last week for the all-electric Bolt. In under two hours, the entirety of the first shipment was spoken for. By the end of that day, March 17, more than 2,000 additional orders had been placed, proving — once again — that GM is killing it in Asia and Koreans are tech-obsessed.

Incredibly, most of those customers hadn’t even laid eyes on the vehicle. The Bolt doesn’t make its official Korean debut until March 30th, when it will appear at the 2017 Seoul Motor Show.  (Read More…)

By on January 3, 2017

2017 Ford Mustang - Image: Ford

Ford Motor Company announced today that it is committing itself fully to the development of electric vehicles, including a hybridized Mustang and F-150 pickup, a small electric crossover, and a fully-autonomous hybrid unit. Company CEO Mark Fields expressed his faith in the future of electric cars and Ford’s intention of bringing 13 new electrified models to the global market within the next five years.

“The era of the electric vehicle is dawning and we at Ford plan to be a leader in this exciting future,” Fields said. “Leading in electrification, in autonomy, and also connectivity are critical as we expand to be both an auto and a mobility company.”  (Read More…)

By on December 16, 2016

FFZERO1 Faraday Future

Faraday Future has yet to provide anyone the opportunity to say anything strictly positive about it this year. Even today, when there is the seed of good press stemming from a recent teaser video of its FF Prototype, the company remains mired by new allegations that highlight just how absolutely wrong everything about it appears to be.

A mountain of debt, an unsettling corporate structure, mounting lawsuits, staff abandonment, and problems with suppliers all coalesce to paint a grim portrait of the company as it draws nearer to its important reveal at January’s Consumer Electronics Show.

However, the details of a recent media expose wouldn’t look out of place in a sitcom.

(Read More…)

By on December 9, 2016

BYD_Line-up_2015

The recent Guangzhou Auto Show in China was a reflection of everything stereotypical about the Chinese car market: Chinese OEM clones of European vehicles, North American and European legacy platforms resurrected into new China-only models, wacky supercars from unknown Chinese OEMs, stretched European executive sedans, and weird electric vehicles.

The only major North American press headline from the show was bold: “Five New Electric Cars from China, World’s Largest EV Market.” I never saw China as a leader in electric vehicles. However, green car publications like CleanTechnica have stated China is the world’s largest EV market for almost two years now.

What’s the real story behind China’s EV market? There’s both truth and lies in these headlines.

(Read More…)

By on November 16, 2016

faraday future groundbreak

Faraday Future has stopped construction on its billion-dollar electric vehicle factory in North Las Vegas. This is another blow against a company with intentionally foggy structuring, mysterious revenue sourcing, and an financially overburdened parent company.

(Read More…)

By on November 14, 2016

BMW i3 and i8

BMW has announced to the world that it wants to increase electric vehicle sales to 100,000 units next year — choosing a figure that is hypothetically possible while remaining statistically unlikely.

Taking all bets.

(Read More…)

By on November 13, 2016

Tesla Supercharger

With lengthy repair times, parts shortages, and colossal distances between locations, Tesla is having real difficulties effectively servicing its current customer base as complaints begin to mount.

While certainly unfortunate news, this will be nothing compared to what it will face when the upcoming Model 3 starts needing the EV equivalent of an oil change.

(Read More…)

By on November 7, 2016

Tesla Supercharger

Tesla’s free Supercharger network was one of the best parts of being a Tesla owner. Free electricity and the lofty social status that comes with EV ownership? What’s not to like? Well, the the company just announced it’s about to make a “change to the economics of Supercharging.”

After issuing emails urging customers to stop hogging the network last year, Tesla has decided only to allow certain early adopters to make use of the fast-juicing power grid free of charge. Meanwhile, all customers purchasing vehicles after January 2017 will have to pay up.

(Read More…)

By on October 11, 2016

2015 Nissan LEAF
Suppose an automaker improved a terrible-selling vehicle but didn’t bother to tell anyone about it. Chances are they didn’t just forget, so there has to be some fundamental reasoning behind that choice. This is the mystery Nissan has left us with after silently and suddenly replacing the battery in their base model Leaf with a larger one.

We only know about this change due to an eagle-eyed staff member at Green Car Reports, who noticed that Nissan increased the size of the Leaf S battery in a September order guide.
(Read More…)

By on August 3, 2016

Tesla Model S 85D, Image: © 2016 David Marek/The Truth About Cars

The Tesla Model S is neither new nor surprising anymore. When the electric sedan entered the market in 2012, it shattered perceptions of electric cars and proved electric motoring viable.

Since then, Tesla has established itself as the go-to brand for geeks and early adopters. We’ve driven the Tesla Model S before, so there’s no need to talk about its most obvious features. But recent events make this a great time to talk about its second-most-important feature: Autopilot.

Is Tesla’s autonomous system any good? Can it be dangerous? How far is it from being truly autonomous? And, besides that, how did the Model S improve over the last few years?
(Read More…)

By on June 17, 2016

2016 Ford Focus EV Front 3/4, Image: © 2016 Jeff Voth/The Truth About Cars

The debate about the relative merits of electric vehicles is certain to be ongoing for years to come. For some, it represents the new frontier in automotive engineering and design. Electric powered vehicles for the masses; no more oil taken from the ground and clean air for all. It’s an interesting concept, but I am not fully convinced at this time in history to throw all my gasoline-powered chips in that pile and call.

Companies such as Tesla have made significant waves in the industry and I do think they’ll continue to experience success going forward. In my opinion, Elon Musk is a true automotive pioneer in the same vein as Karl Benz and Henry Ford. I don’t dispute the idea of EV’s for all; I just see a balance between gasoline, diesel, electric and possibly hydrogen-powered vehicles as a better alternative; at least for now.

It appears Ford is hedging its bets on this combination as well. I recently had the chance to test drive the 2016 Ford Focus EV for a week. In short, I was very impressed for the most part. It was comfortable, quick to accelerate, looks un-EV-like and turned a surprising number of heads, which to me is always a good thing.

But is it a car I would buy? On that question, I am keeping my cards to close to my chest.

(Read More…)

Recent Comments

  • Inside Looking Out: I am waiting for the next generation Blackhawk made on Ultium EV scateboard. Bill Gates...
  • DenverMike: Condos and apartments will have to start offering EV charging (outlets) to stay competitive. Do you think...
  • EBFlex: Wonderful post. Perfectly illustrates my point that we are not ready for the EVs that the government is...
  • thornmark: and people that have to get a new car are reduced to shopping Nissan
  • jalop1991: “EVs are improving every year (every month, actually), as is charging infrastructure.”...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber