electric vehicles Archives

Inflation turns EVs into luxury items, threatening broader electric shift

Electric-vehicle prices are going up at a dizzying pace these days. Tesla raised prices by as much as $6,000 per ...

Ferrari sees profit jump as Italian carmaker goes electric

June 16, 2022

Ferrari NV will embark on a major shift toward electrification by turning its historic factory in northern Italy into a ...

Bank of America to help employees buy EVs

byWhitney McDonald

June 14, 2022

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Bank of America plans to launch a new internal program that provides employees with financial support toward the purchase or ...

Powersports lender MotoLease to launch EV fleet leasing program

byAmanda Harris

June 8, 2022

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MotoLease in late summer will launch an electric powersports vehicle fleet leasing program that targets delivery services as the powersports ...

The Lucid Air prototype electric vehicle, manufactured by Lucid Motors Inc., is displayed at the company's headquarters in Newark, California, U.S., on Monday, Aug. 3, 2020. The final specs and design of the Lucid Air are due to be unveiled at an event in September and executives say customers can now expect delivery of the first batch of Airs in spring 2021.

Bank of America lands private-label deal with Lucid Motors

byJoey Pizzolato

June 7, 2022

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Bank of America inked a private-label financing deal today with luxury electric vehicle manufacturer Lucid Motors, creating Lucid Financial Services. ...

Ford is investing $3.7 billion to expand Midwestern auto plants

byBloomberg News

June 2, 2022

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Ford Motor Co. is investing $3.7 billion in factories across three Midwestern states to pump out more electric vehicles and ...

DriveItAway launches Polestar EV subscription service with an eye toward ownership

byAmanda Harris

June 1, 2022

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Mobility platform DriveItAway Holdings today launched a subscription program for Polestar 2 electric vehicles (EV) that allows consumers to “test” ...