The future of solar EVs dims: Lightyear is bankrupt, Sion fights for its life, Aptera on the brink

Solar EV

It’s been a real tough month for the few but extremely innovative solar EV companies out here. Having just announced a shifting of its business strategy and a request to suspend all payments to its operating company, Lightyear has officially declared bankruptcy. Sono Motors’ flagship solar EV, the Sion, is staring down a similar barrel, as the startup fights to raise more funds to keep it alive. Meanwhile, Aptera has a production-intent design, but still needs millions of dollars to get it to production.

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VinFast combines US and Canadian business operations into VinFast North America

VinFast North America

Vietnamese EV automaker VinFast has announced that its business and management operations in Canada will now work alongside an HQ established in the US to form VinFast North America. By combining its businesses into one cohesive unit, VinFast North America hopes to increase efficiency – a factor the company has already been recognized for through its massive expansion in a short amount of time.

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Lift Foils upgrades its rider- and price-friendly electric hydrofoil designed for beginners

Electric hydrofoil veteran Lift Foils continues to showcase innovation that helped form an entirely new marine segment with its latest product launch – an upgraded version of the LIFT3 F which initially debuted last year. This revamped eFoil features two new color options, a redesigned aluminum mast, and a reinforced propeller featuring standard pitch, ideal for beginner-level riders the eFoil was designed for. Check it out.

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Ferrari is engineering simulated engine sounds (like most legacy automakers) for its future EVs

Ferrari EV

According to a recent patent filing, supercar specialist Ferrari intends to implement unique engine noises in its upcoming EVs. It just needs to build them first. The patent includes a system that reproduces combustion engine noises that can be synced with the increased acceleration of the vehicle’s electric motor(s). While this may simply sound like another automaker trying to deliver nostalgia to Ferrari fans accustomed to the roar of combustion, there is an element of safety as well.

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Here’s how much money you’ll get with the Inflation Reduction Act

inflation reduction act calculator

The big climate, energy efficiency, and EV bill – the Inflation Reduction Act (IRA) – became law in August. It’s packed with loads of rebates and tax credits that will help Americans purchase everything from electric vehicles to high-efficiency electrical appliances to heat pumps. If you’re ready to electrify but you’re not sure which rebates and tax credits you qualify for, then check out this easy-to-use IRA savings calculator from Rewiring America.

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Here’s why Joe Manchin’s new bill that would disqualify most EVs from tax credits is ridiculous

EV tax credit bill

In short, Joe Manchin opposes EV adoption. Straight up. In his latest obstruction against electric vehicles and limiting carbon emissions, the Democratic Senator representing the nation’s second-largest supplier of coal has introduced a new bill that immediately calls for strict enforcement of revised terms for EV tax credits laid out in last year’s Inflation Reduction Act – many of which Manchin wrote himself. We won’t disagree that the government needs guidance to enable these credits, but the senator’s bill is as promising as a future in which we continue relying on fossil fuels.

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Bird Bike e-bike has never sold for less at $899 ($1,401+ off) in today’s New Green Deals

While we’ve seen several deals on the Bird Bike in the past, none can measure up to today’s discount. Bird Bike is a great way to get around town in 2023 without using a single drop of gas or oil. Right now, it’s on sale for $899, which is down from its $2,300 going rate at Best Buy (before selling out there) and marks a new all-time low that we’ve tracked. We also have a wide selection of Tesla and e-bike discounts in today’s New Green Deals, so you won’t want to miss that either.

Head below for other New Green Deals that we’ve found today and of course Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

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Ford snags CR crown from GM in driver assistance rankings, Tesla ‘falls behind’ to 7th

Ford Tesla rankings

Consumer Reports has released its latest rankings comparing the active driving assistance systems (ADAS) of EV automakers like Ford, GM, Rivian, and of course Tesla. The independent, non-profit consumer organization tested 12 different ADA systems broken down into five distinct categories in which it determined that Ford’s BlueCruise technology is the current industry leader, usurping General Motors’ Super Cruise. Tesla’s Autopilot, on the other hand, has tumbled off the podium into mediocrity.

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Major electric bike maker came close to financial collapse at end of 2022

vanmoof s5 and vanmoof a5

Only a couple years ago, electric bicycle manufacturers couldn’t keep e-bikes on the shelves as they were being snatched up faster than they could be produced. But while some e-bike companies have managed to keep up a steady cash flow and balanced operations, others have run into financial difficulties. For European e-bike maker VanMoof, those difficulties turned into a dire situation just a few months ago.

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Lucid unveils an EV racing motor but – spoiler alert! – it’s already driving Formula E’s Gen3 cars

Lucid Formula E

Lucid Group has shared an interestingly timed press release late this evening/early this morning, depending on where you live. The American automaker has unveiled a new electric drive unit designed specifically for motorsports, including the “world’s leading single-seater electric racing series.” One look at the photo above is a clear indication this drive unit is for Formula E, but better still, Lucid shared that the technology is already present in all of the Gen3 EVs competing in the ninth season of the championship series that began two weeks ago.

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