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☆ Electric car-makers have found a legal loophole to get their customers an extra $7,500 tax credit
▼ + stars: | 2023-01-25 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

The commercial EV credit comes with way fewer requirements that are far less difficult to achieve — and it could be a clever workaround for the passenger vehicle space. Finding a workaroundThe commercial credit was designed to incentivize commercial fleets to electrify. Lucid vehicles don't qualify for the new EV credit given they are priced at higher than the MSRP cap requirements. If an EV is eligible for the new tax credit through a vehicle purchase, it cannot take the credit if leased. If an EV is only eligible for the commercial tax credit through a lease, it cannot take a credit if purchased.

☆ Factbox: Who are the officials swept out in Ukraine's biggest shake-up of the war?
▼ + stars: | 2023-01-24 | by ( Max Hunder | ) www.reuters.com time to read: +4 min

Ukrainian Presidential Press Service/Handout via REUTERSKYIV, Jan 24 (Reuters) - A slew of high-level officials resigned or were dismissed from their posts on Tuesday in Ukraine's biggest internal shake-up since it was invaded by Russia on Feb. 24 last year. GOVERNOR OF DNIPROPETROVSK REGIONValentyn Reznichenko had served since 2015 as governor of Dnipropetrovsk region, the main wartime logistical and medical hub for Ukraine's eastern battlefront. He had already once been dismissed from the role by Zelenskiy in 2019 but reappointed in December 2020. TWO DEPUTY MINISTERS OF REGIONAL DEVELOPMENTIvan Lukeria and Vyacheslav Nehoda were dismissed as deputy ministers of regional development. DEPUTY MINISTER FOR SOCIAL POLICYVitaliy Muzychenko was dismissed from his role as deputy minister for social policy.

☆ GM to invest $918 million in new V-8 gas engines and EV components
▼ + stars: | 2023-01-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

The $918 million investment, which GM announced Friday, is despite the automaker's plans to exclusively offer all-electric consumer vehicles by 2035. A majority of the investment — $579 million — will go toward preparing GM's Flint Engine Operations plant in Michigan for the automaker's sixth-generation family of small-block V-8 gas engines. The engines are used in some of the automaker's most highly profitable products, such as its full-size pickup trucks and SUVs. GM said work at the Flint facility will begin immediately, signaling the next-generation V-8 engines are on the horizon. The last new family of V-8 engines came about in 2013.

The pro wrestler known as Jay Briscoe — best known as one half of the foul-mouthed "Briscoe Brothers" tag team — was killed in head-on highway crash in Delaware, officials said Wednesday. Wrestlers Jay Briscoe and Mark Briscoe of "The Briscoe Brothers" in 2019. Pugh and brother Mark Pugh were the "Briscoe Brothers" who performed for the Florida-based Ring of Honor wrestling circuit. "It is with a heavy heart that we mourn the tragic passing of Jamin Pugh, known to wrestling fans around the world as Jay Briscoe," Ring of Honor said in a statement on Wednesday. "My condolences to the family and friends of Jay Briscoe."

☆ Why GM's new Chevy Corvette is a hybrid and not an all-electric car
▼ + stars: | 2023-01-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

The Detroit automaker had discontinued all hybrids, including plug-in hybrids, to focus investment on all-electric vehicles. So why make a hybrid Corvette? 2024 Chevrolet Corvette E-Ray hybrid sports car GMThe C8 features an exclusive Corvette engine and architecture. The hybrid system was specifically designed for the eighth-generation Corvette, according to Harlan Charles, Chevrolet Corvette product marketing manager. 2024 Chevrolet Corvette E-Ray hybrid sports car GM

☆ This is what I want to buy from Twitter's HQ auction
▼ + stars: | 2023-01-18 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Twitter headquarters is seen in San Francisco, California, United States on October 28, 2022 Tayfun Coskun / Anadolu Agency1. $44 billion for Twitter — going once, going twice, sold. But a 6-ft. @ symbol, office chairs, a pizza oven, and more remain on sale from the Twitter San Francisco headquarters. Corvette, Corvette, hop in an electric jet by jet. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Matt Weinberger (tweet @gamoid) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.

☆ GM’s New Hybrid Corvette Will Be Its Fastest Yet
▼ + stars: | 2023-01-17 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

The 2024 Chevrolet Corvette E-Ray can go from zero to 60 mph in 2.5 seconds, about 0.1 second faster than the 2023 Corvette Z06. The first gas-electric hybrid Corvette will also be the fastest version of the American sports car, General Motors Co. said Tuesday. The Chevrolet Corvette E-Ray will start at just over $104,000 and go on sale later this year, 70 years after the first Corvette was unveiled.

☆ Video shows man trying to grab barista through drive-thru window in kidnapping attempt, police say
▼ + stars: | 2023-01-17 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: 1 min

Disturbing video captured the moment a man tried to pull a barista through a drive-thru window in an alleged kidnapping attempt in Washington state. The Auburn Police Department posted the video on its Twitter page Monday and asked the public for help identifying the man. In the footage, the man grabs the woman's arm as she hands him what appears to be money. Police said the man "attempted to drag the victim through the window using a looped ziptie device." The woman yanked her arm back and the man drove off in a pickup truck.

☆ The Chevrolet Corvette E-Ray is the first-ever hybrid Corvette
▼ + stars: | 2023-01-17 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN —Exactly 70 years after the very first Chevrolet Corvette was unveiled in January, 1953, General Motors revealed the first Corvette with an electric motor on Tuesday. The Chevrolet Corvette E-Ray is 3.6 inches wider than the base model. General MotorsUnlike some other high-performance hybrid cars, the Corvette E-ray is not a plug-in hybrid. A button inside the cabin of the Corvette E-Ray changes how the car’s electric motor is used. While fuel economy is secondary to performance in the Corvette E-Ray, it is expected to be more efficient than other Corvette models.

☆ GM reveals new Chevy Corvette E-Ray hybrid sports car, starting at over $104,000
▼ + stars: | 2023-01-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNT2024 Chevrolet Corvette E-Ray hybrid sports car GMDETROIT – General Motors' first-ever "electrified" Corvette will be available later this year starting at more than $104,000, the automaker said Tuesday. 2024 Chevrolet Corvette E-Ray hybrid sports car GMThe E-Ray is expected to be the only hybrid in GM's lineup when it arrives in dealer showrooms. The hybrid system was specifically designed for the eighth-generation Corvette, according to Harlan Charles, Chevrolet Corvette product marketing manager. GM decided on a hybrid Corvette instead of a PHEV because it offered better overall performance for the car. 2024 Chevrolet Corvette E-Ray hybrid sports car GM"The mission of this vehicle was performance, performance, performance," said Mike Kociba, lead Corvette development engineer.

☆ We got an early ride in Chevy's first electrified Corvette — a shockingly quick, $104,295 beast called the E-Ray
▼ + stars: | 2023-01-17 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

The 2024 Chevrolet Corvette E-Ray. The 2024 Chevrolet Corvette E-Ray. The 2024 Chevrolet Corvette E-Ray. The 2024 Chevrolet Corvette E-Ray. The 2024 Chevrolet Corvette E-Ray.

☆ He Lost His Father’s Classic Corvette in a Coin Toss, Then Got a Second Chance
▼ + stars: | 2023-01-14 | by ( A.J. Baime | Photographs Nathan Perkel For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Keith Tholin , 73, a retired medical device executive living in San Clemente, Calif., on his 1955 Chevrolet Corvette, as told to A.J. He would buy these old cars and he would teach my brother and I how to work on them. He taught us how to tune up the engines, how to paint a car. Over the years, while my brother and I were in school, he probably had five or six C1 [first generation, from 1953 to 1962] Corvettes. When my brother and I went to college in Illinois, my father was in San Francisco and a number of times my brother and I drove these Corvettes back and forth.

☆ Tesla just started an electric car price war, and it's bad news for Ford and GM
▼ + stars: | 2023-01-13 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla has discounted its Model 3 and Model Y cars by up to 20% in a bid to goose sales. The starting price of a Model S also dropped nearly 10%, while the Model X is down 9%. Once a luxury item, Tesla's vehicles will now compete with EVs marketed to more average car buyers. Ford recently hiked the starting price on its F-150 Lightning electric truck to $56,000, up from the original starting price of $40,000. The electric car company has long resisted traditional auto industry discounts, and Musk has even criticized the practice in the past.

☆ Stellantis CEO delivers a technology statement with a Ram truck
▼ + stars: | 2023-01-05 | by ( Joseph White | ) www.reuters.com time to read: +2 min

The electric "Ram 1500 Revolution," unveiled at CES in Las Vegas, is a one-of-a-kind show vehicle meant to whet appetites for a production model due in 2024. It will arrive after rivals' offerings in one of the most important segments of the North American electric vehicle market. The real electric Ram truck will launch more than two years after the smaller Rivian (RIVN.O) R1T electric pickup and Ford's (F.N) F-150 Lightning electric truck. Tesla CEO Elon Musk has said the long-delayed Cybertruck will launch this year from a factory in Texas. ($1 = 0.9479 euro)Reporting by Joe White in Las Vegas Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Ram unveils electric truck concept with seats in the bed
▼ + stars: | 2023-01-05 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

The Ram 1500 Revolution concept truck, unveiled Thursday at the Consumer Electronics Show in Las Vegas, provides an early look at several features Ram’s future electric truck could have, including a rear passenger cabin wall that folds away, leaving the truck cab fully open into the cargo bed. Designers plan to use the "tuning fork" light design seen inside and outside the Ram Revolution concept in production versions of the truck. The concept truck has doors that open outward from the center with no pillar in the middle. The Ram 1500 Revolution concept has two electric motors, one powering the back wheels and one for the front, giving it all-wheel-drive. The electric Ram truck won’t go on sale until some time in 2024.

☆ New York City buying more than 900 EVs for government fleets
▼ + stars: | 2023-01-05 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The announcement is the latest by a U.S. government agency to speed the shift away from gas-powered vehicles to EVs. New York City currently has more than 4,000 government-owned electric vehicles and by later this year says close to 20% of city vehicles will be EVs. "Electric vehicles, they are clearly the future," New York Mayor Eric Adams said on Wednesday. New York City has about 26,000 government vehicles in service. USPS said it plans to buy at least 66,000 electric vehicles through 2028 after committing in July to buying 25,000 next-generation electric delivery vehicles.

Ram 1500 Revolution BEV electric concept pickup truck Stellantis"This is a vision, or a glimpse, into the future of Ram Trucks," Ram CEO Mike Koval Jr. told CNBC. The electric Ram truck is expected to enter an increasingly crowded segment of electric pickups that already includes the GMC Hummer EV, Ford F-150 Lightning, Lordstown Endurance and smaller Rivian R1T. Ram 1500 Revolution BEV electric concept pickup truck StellantisKoval said Ram isn't worried about being late to the segment. Ram 1500 Revolution BEV electric concept pickup truck StellantisThe design of the concept electric Ram pickup appears to be more of a lifestyle pickup rather than a traditional work truck, but executives said the production vehicle will serve both purposes. "The TRX (a performance version of the Ram 1500) has that in spades," Gilles told CNBC.

☆ The race to make electric cars cheaper is making electric cars more expensive
▼ + stars: | 2023-01-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Electric cars aren't exactly the most affordable right now. The world of batteries influences your EV's price tagAutomakers are pouring more than $515 billion into all-electric lineups over the next several years. Mercedes is only making newly launched cars electric starting in 2025. Scaling up will inherently make electric cars less expensive over time. But, driving costs back down, he says: "The lithium prices will trigger more supply to enter the market."

☆ McLaren, Space Coupe, Presidential Convertible: Our 10 Favorite My Ride Cars of 2022
▼ + stars: | 2022-12-31 | by ( A.J. Baime | ) www.wsj.com time to read: 1 min

The WSJ’s weekly My Ride column has for nearly a decade profiled interesting people who have a surprising story about a motorized vehicle. With a new year arriving, we look back at some of the most memorable stories of 2022. She never intended to own a Chevrolet Corvair this awesomeDuring the pandemic, Citlalli “Lolly” Gonzalez decided to try to achieve the goal of owning a classic car. She bought this 1965 Chevrolet Corvair Monza for just $5,000. For her My Ride photos, she re-created that vision.

☆ Tax credit confusion could create a rush for electric vehicles in early 2023
▼ + stars: | 2022-12-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

That means the rules will, temporarily, be more generous, allowing higher tax credits on more electric vehicles, for the first few months of the new year. The latest announcement, which will temporarily open up more tax credit money, is likely mostly a good thing for consumers. Figuring out who and what qualifiesThe lopsided tax credit at the start of the year is just one of several potential sources of confusion. Under the new EV tax credit rules, the Chevrolet Bolt EV and EUV are eligible for tax credits in the new year. That was the limit for any given manufacturer under the outgoing tax credit requirements.

☆ Use this calculation to find the best used car for your money — plus 10 models that come out on top
▼ + stars: | 2022-12-27 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

The report then ranked those models based on the cost per remaining mile calculation to determine which used cars are the best deal. The 10 best used cars for the moneyIn the No. Overall, five Toyotas made the top 10 list of best 5-year-old used cars for the money, also including the Camry, Corolla and Avalon. He offered these five tips for anyone in the market for a used car. Being "basic" has its benefits: Going with widely popular models has an added advantage when it comes to buying a used car, Drury said.

☆ I've tested 19 different electric cars — and while I love the technology, I wouldn't buy one yet
▼ + stars: | 2022-12-23 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Testing well over a dozen new electric cars has convinced me that I want one someday. New electric cars are too expensiveThe Tesla Model Y costs close to $70,000. Tim Levin/InsiderPeople who are unwilling or unable to shell out for a new car buy used. But the market for electric cars is so young — and they're so pricy to begin with — that there aren't all that many appealing secondhand options in my budget. Tim Levin/InsiderUnderdeveloped charging infrastructure is widely cited as one of the top reasons more people don't buy more electric cars.

☆ GM recalls 140,000 Chevrolet Bolt EVs over fire risks
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Dec 20 (Reuters) - General Motors Co (GM.N) said Tuesday it is recalling 140,000 Chevrolet Bolt EVs in North America because the carpet could catch fire after a crash where a front seat belt pretensioner deploys. The U.S. automaker said the recall covers various 2017 through 2023 model year Chevrolet Bolt EV vehicles due to rare instances of front seatbelt pretensioner exhaust gases coming in contact with floor carpeting fibers, after a vehicle crash, which could cause a fire. About 120,000 U.S. vehicles and 20,000 Canadian vehicles are impacted by the recall. Reporting by David Shepardson; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Treasury Department delays electric vehicle tax credit guidance until March
▼ + stars: | 2022-12-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

The Treasury Department is delaying plans to issue proposed guidance for the sourcing of electric vehicle batteries for federal tax incentives from the end of this month to March. That means some electric vehicles that are not expected to comply with the new standards will continue to be eligible for the credits until the proposed guidance issued. Some have argued the sourcing guidelines for vehicle materials are unrealistic given the current supply chain. Credit for the other $3,750 requires that at least 50% of battery components were manufactured or assembled in North America. Starting Jan. 1, a tax credit will not be available to single individuals with a modified adjusted gross income of $150,000 or higher.

☆ U.S. Senator Warren questions Tesla board oversight of Musk purchase of Twitter
▼ + stars: | 2022-12-19 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Warren said Musk had not explained how he is managing conflicts between his role as Twitter CEO and his position at Tesla. “As the owner of Twitter, Mr. Musk may decide to run the company to maximize badly-needed revenue, even if that includes great deals for Tesla’s competitors and potential injury to Tesla." She asked for "detailed information on how the Tesla Board is monitoring these conflicts of interest and Mr. Musk’s appropriation of Tesla assets to Twitter, what guidelines the Tesla Board has put in place to protect Tesla" by Jan. 3. Leo KoGuan, a major individual Tesla shareholder, wrote on Twitter earlier that Musk "abandoned Tesla and Tesla has no working CEO. Separately, Twitter users voted in a poll for Elon Musk to step down as Twitter CEO.

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