Cleantech & EV’s

The Biden-Harris Administration announced $15 billion in funding to retool existing factories so that these factories can produce electric vehicles and batteries. This is a lifeline for legacy automakers struggling to be profitable in the EV transition. The Department of Energy announced in a press release today: As part of President Biden’s Investing in America agenda, the U.S. Department of…

Swedish performance EV maker Polestar (PSNY) reported its Q2 2023 earnings on Thursday, showing widening losses as production scales. Polestar is entering an “exciting” growth phase with two highly anticipated EVs scheduled for production. Polestar hits record deliveries, but losses widen in Q2 Polestar delivered 15,765 EVs in the second quarter of the year, up 36% YOY. The EV maker has…

Tesla is now under federal investigation by the DOJ over potentially using company resources to build a mansion for Elon Musk. This story first emerged last year. It was reported that Tesla was conducting an internal investigation about misappropriating company resources. More specifically, Bloomberg reported that Omead Afshar, director of Elon Musk’s office, was about to be fired over an…

Today, we take a first look at the Envo Electric All Terrain Vehicle (e-ATV), an interesting-looking electric ATV that can actually get some work done. I’ve had a prototype from Envo for a few weeks now, and almost every time someone has seen me on this vehicle, they had the same question: “What is it?” It’s a fair question since it doesn’t look like anything else on the market. It is…