Toyota CEO Akio Toyoda, who has been leading the company since the global financial crisis, is stepping down amid mounting pressure as the industry moves to electric vehicles.

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.

Tesla has given an update on the Cybertruck production timeline, and those who thought that Tesla could deliver a lot of electric pickup trucks this year are out of luck.

Newport Beach, California-based Electric Bike Company has just announced a big upgrade option to two of its slick cruiser e-bike models. The Model A and Model X now both come with the option for a torque sensor for their pedal assist operation.

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.

Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.

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.

Elon Musk dismissed a serious question from investors about his negative impact on Tesla’s reputation following his political comments and Twitter acquisition.

He not only dismissed the question but instead responded by bragging about his number of followers.

Texas is hot below ground and full of folks with oil and gas drilling expertise, so that makes it ripe for a geothermal energy boom, according to a new study from researchers at five Texas universities.

With the release of its Q4 2022 earnings today, Tesla is making it clear to shareholders that it plans to keep cutting the cost of its electric vehicles to withstand “uncertain” times.

The owner of Polestar and Volvo brands, Geely, is teasing a new electric sedan set to debut later this year officially.

Tesla (TSLA) has released its financial results and shareholders letter for the fourth quarter and full-year 2022 after market close today.

We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.

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.

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.

Tesla (TSLA) used car prices have crashed $18,000 since their peak six months ago, bringing a new level of affordability to the electric car brand.

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.

Acura has yet to release its first fully electric vehicle, but that isn’t stopping the company from strategizing how it will compete with EV leader Tesla.

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.

Canoo (GOEV) is making good on its promise to bring EVs to everyone with a new distributor partnership that will expand its network to Saudi Arabia.

Tesla has started to release a new software update to its fleet of customer vehicles with two new features: Auto Steering Wheel Heat and Sentry Mode Lighting.

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.

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.

Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.