Hyundai has linked up with Brooklyn's curbside charging company, Itselectric (boogie woogie, woogie), to help expand charging options for EV drivers. 🔌
The pilot program will begin with six charge posts installed throughout the city in hopes of developing scalable charging options that can fit seamlessly into communities.
In addition to the unique benefit of providing free installation, operation, and maintenance of chargers to partner cities, Itselectric's charging solution also allows property owners to earn passive income from charging docks located on their property. ⚡
Stellantis is testing synthetic e-fuels, made with renewable energy, on 28 of its ICE vehicle models, potentially allowing for up to 28M of its fleet to become eco-friendly in Europe. 🌿
The carmaker states that the solutions being tested could reduce CO2 emissions by 400M tons from 2025 to 2050.
This is just one of many European carmakers’ experiments to replace gasoline in a rush to meet the European Commission’s autumn deadline to figure out how to ensure that ICE vehicles produced after 2035 operate on e-fuels alone. 🍂
It seems like they’re always in the headlines for one thing or another. This week, it’s mostly for rocky Q1 earnings. 🪨
In an effort to boost demand, Tesla has slashed prices on its Model 3 and Model Y vehicles five times since January, which has resulted in a hit to its profit margins. Gross margins were down 18.9% quarter-over-quarter and 33% year-over-year.
At least they did announce that starting this summer, they will finally begin production on their long-awaited Cybertruck. However, Musk is still being pretty coy about the details (as per usual), so we wouldn’t recommend holding your breath. 🤥