“We’re the first solar company that went public that’s headquartered in Houston,” CEO John Berger tells GTM. “Now you know the energy business has really changed.” Shares of residential solar company Sunnova ended their first day of trading on Thursday at $11.25, below their initial price of $12 and well south of a range of […]
Tesla Sets Record for EV Deliveries, but Losses and Solar Shrinkage Endure
2019 is supposed to be “the year of the solar roof,” but Tesla’s solar business continues to wither. Tesla presented mixed results from the second quarter of 2019, including a delivery record of 95,356 electric vehicles and record deployments of its energy storage products. But Tesla’s solar business has become a shadow of its former […]
India turns to electric vehicles to beat pollution
In 2017, Transport Minister Nitin Gadkari shocked the automobile industry (and the world) when he announced that he intended for India to move to 100% electric cars by 2030. “I am going to do this, whether you like it or not. And I am not going to ask you. I will bulldoze it,” he said […]
It’s The Batteries, Stupid
Tesla builds batteries… …and it’s building a lot of them — 95,200 (car) battery packs on the road in the most recent quarter, if we strictly go by the number of cars delivered. A small uptick from here will allow Tesla to build nearly half a million battery packs in a year. If things go […]
Tesla’s new V3 Supercharger can charge up to 1,500 electric vehicles a day
Tesla has opened a massive next-generation electric vehicle charging station in Las Vegas that combines the company’s core products into one sustainable energy ecosystem, fulfilling a vision CEO Elon Musk laid out nearly three years ago. The new V3 Supercharger, which supports a peak rate of up to 250 kilowatts, is designed to dramatically cut […]
Tesla Model 3 is responsible for 16% of the world’s new electric car battery capacity
Tesla Model 3, a single product, is responsible for 16% of the world’s entire new electric battery capacity deployed in May, according to a new report. For a long time now, Tesla has been leading the market when it comes to long-range electric vehicles. The automaker aimed to change the perception of electric cars by […]
EV Giants Vie For Battery Dominance
While researchers seek alternatives to lithium ion dominance in the battery space and European carmakers and governments pour billions into local battery production capacity to reduce import dependence, the leaders in the EV space cement their position with—that’s right—batteries. Tesla is the most sold battery electric vehicle globally as of end-2018. Nissan with its Leaf […]
Europe Set to Race Past US in Battery Manufacturing
Europe’s battery manufacturing capacity is on the cusp of dramatic growth, though much of the investment and know-how are coming from Asian companies. A slew of recent announcements has left Europe poised to overtake North America in terms of battery manufacturing capacity by 2023, analyst figures show. Bloomberg New Energy Finance (BNEF) expects European nameplate […]
Forget Tesla – China’s BYD is driving the electric car revolution
Shifting to electric vehicles is an essential part of tackling climate change and China is doing far better than the West FORGET Tesla: the world’s biggest electric car manufacturer is a Chinese company you have probably never heard of. With the age of the fossil-fuel car drawing to an end, electric vehicles (EVs) from China […]
Tesla and other EVs will be overtaken by hydrogen cars by 2030, predicts auto expert
An automotive industry expert in Germany recently issued a bold dismissal of electric vehicles, declaring that EVs will be overtaken by hydrogen-powered cars. Before an audience, Dr. Felix Gress, head of Continental’s corporate communications and public affairs, argued that battery-electric vehicles represent poor value for money compared to diesel and petrol alternatives. While Gress admitted […]