Apple cancels electric car project after decade-long effort
Apple Inc. is canceling its ambitious project to build an electric car after a decade-long effort, surprising nearly 2,000 employees involved in the endeavor. The decision will result in employees being reassigned to Apple’s artificial intelligence division, with a focus on generative AI projects. The fate of the hardware engineers and vehicle designers remains uncertain, with potential layoffs. The termination of the project has led to a positive response in Apple’s stock and investor outlook, marking a significant development for the company.
Affordable Electric Vehicle Leases: 9 Models Under $400/Month
Discover nine electric vehicle models available for lease for under $400 per month, making them an attractive option for budget-conscious individuals. From the 2023 Vinfast VF8 Eco at $268/month to the 2024 Nissan LEAF S at $332/month (Northeast) and $357/month (elsewhere), there are plenty of affordable options to choose from. With federal tax credits offering significant rebates on EV leases, the increasing accessibility of electric vehicles is undeniable.
BYD Unveils $233,450 Supercar to Rival Ferrari and Lamborghini
BYD Co. has unveiled its most expensive car yet, the Yangwang U9 electric sports car, priced at $233,450. The high-performance fully-electric supercar is set to rival traditional gas-guzzling options from Ferrari and Lamborghini, marking BYD’s foray into the luxury car segment. With impressive performance and plans for more high-end EVs, BYD is positioning itself as a formidable competitor in the luxury electric car market, challenging established names like Tesla, Ferrari, and Lamborghini.
Qargos F9: India’s First Cargo 2W Unveiled at ET CV & Logistics Conclave
Hilton Mumbai International Airport hosted the ET CV & Logistics Conclave, showcasing India Inc’s advancements in smart and sustainable manufacturing. The event unveiled the Qargos F9, the ‘world’s first’ cargo 2W, designed to revolutionize logistics with its unique form factor and capacity of 225 litres. Alok Das highlighted the potential market for the cargo scooter in India, estimating that approximately one in every 25 riders utilizes a two-wheeler for commercial purposes.
Biden administration to relax tailpipe emission limits
The Biden administration is planning to relax limits on tailpipe emissions to give car manufacturers more time to increase sales of electric vehicles. This decision is a concession to automakers and labor unions, aiming to address concerns about job losses and consumer demand. President Biden faces challenges in addressing climate change while seeking re-election, with former President Donald J. Trump criticizing the administration’s approach to electric vehicles.
Lady Gaga Spotted in Tesla Cybertruck at Whole Foods
International pop sensation Lady Gaga was spotted in a Tesla Cybertruck, sparking social media buzz. It’s unclear whether the truck belongs to her or her boyfriend. The Cybertruck has been associated with other high-profile figures, and despite criticism, its unique design has made it a status symbol. Lady Gaga’s appearance adds her to the list of A-listers seen in the Cybertruck, highlighting the power of celebrity endorsements in shaping public perception.
General Motors Reports Strong Earnings Despite EV Market Concerns
General Motors (GM) has defied concerns about the electric vehicle (EV) market by reporting stronger-than-expected earnings in the fourth quarter of 2023. The company’s CEO, Mary Barra, emphasized the importance of a ‘level playing field’ following comments made by Tesla…
NASCAR Electric Vehicle (EV) Rumored to Debut at 2024 Busch Light Clash
A potential game-changer in the world of stock car racing is on the horizon, as reports suggest that a NASCAR electric vehicle (EV) could be unveiled at the 2024 Busch Light Clash. The concept race car, which has been in…
BMW Introduces All-Electric iX1 with Powerful Performance
BMW has introduced the all-electric iX1, promising a powerful and thrilling driving experience with its twin electric motors and impressive performance. The iX1 boasts a 313hp output, making it more powerful than its petrol and diesel counterparts. With a claimed…
Porsche Announces Highly Anticipated Macan SUV Electric Vehicle
Porsche has announced its second-ever electric vehicle, the highly anticipated Macan SUV, with a starting price of $80,450. This marks the first time the sports car maker has electrified one of its preexisting vehicles. The new Macan will sport a…