Electric-powered cars are now the rage. Tesla’s market capitalization is seven times larger than that of General Motors and fourteen times larger than Ford’s, though it builds a fraction of the vehicles that those companies do. Many politicians are even considering banning gasoline-powered cars within a few years in favor of electric vehicles (EVs), all in the name of saving the planet.
Read More
General Motors announced its second major electric vehicle partnership in less than a week on Tuesday, this time a $2 billion deal with startup Nikola.
GM will take an 11% ownership stake in the Phoenix company and will engineer and build Nikola’s Badger hydrogen fuel cell and electric pickup truck. The Badger is expected to be in production by the end of 2022.
Read More
Certain electric vehicles emit 11 percent to 28 percent more carbon dioxide than their diesel counterparts, even though various U.S. politicians, including U.S. Republican Sen. Lamar Alexander of Tennessee, want taxpayer subsidies for such cars. According to a recent article on the Institute for Energy Research’s website, a study…
Read More