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Tesla Model 3

Electric Cars Pose “Serious Threat To The Oil Industry”

Fitch is a ratings agency that publishes highly influential financial ratings. Although we have been hearing for some time now that electric cars will eventually threaten the oil industry, Financial Times has cited Fitch’s recent report claiming that an oil industry “death spiral” is imminent, due to the rise of electric…

9 hours ago by Steven Loveday 44

Rendering Of Faraday Future's North Las Vegas Site

Faraday Future Has Unpaid Bills, Faces Possible Work Stoppage At Nevada Factory

A strange development on the manufacture of Faraday Future’s $1 billion investment into an electric car factory in Nevada, and right after the recent announcement that AECOM was contracted for the job. According to Automotive News, there are already unpaid bills for construction work, which threaten work stoppage and undermine Faraday’s financial credibility. “In…

14 hours ago by Mark Kane 7

Nottingham Electric City

UK To Add California-Like Lane For EVs Only…Mostly

Next summer Nottingham will start construction of the first ever electric vehicle-only lane – Eco-Expressway  in the UK (well, actually they will accept e-buses too). The special EV promotion is part of the government’s recent £40 million fund, which more typically has spent its resources so far on things like more…

1 day ago by Mark Kane 3