The production and the move from Gasoline to electric vehicles transition gained more speed recently when General Motors announced it would produce only electric vehicles by 2035.
This year 2021 the battle for electric vehicle domination is about to reach its peak with Apple rumors and announcements from GM and Amazon indicate that a new era for battery-powered cars and trucks is quickly taking shape.
US Carmaker Lucid Motors may merge with Churchill Capital Corp. IV and go public, the New York special purpose acquisition company (NYSE: CCIV) stock closed at $32.14 on Tuesday, up 27.29% on the day and more than triple where it closed just before merger talks were reported last month.
If the deal with the Newark luxury electric car company doesn’t happen, some investors will be making a huge loss on their investments made this year.Lucid Motors ( although production has not yet began) reveals Lucid Air luxury electric car with 517-mile range aimed at Tesla.
Amazon announced it’s begun testing new-generation electric delivery trucks in Los Angeles that are being built for it by startup Rivian, which is separately preparing to sell battery-powered pickups and SUVs this year
Backed by tax breaks, public support, EV sales in Europe surge past China, the longtime market leader.
Volvo Cars, the Swedish automaker owned by China’s Zhejiang Geely Holding Group is said to produce half of its sales to fully electric vehicles by 2025.