Cleantech & EV’s

Reports out of Germany state that the country’s Federal Ministry for Economic Affairs and Climate Action has proposed to gradually phase out subsidies for EV purchases through 2025 and completely eliminate any benefits to consumers purchasing plug-in hybrid electric vehicles (PHEVs) by the end of this year. The German Association of the Automotive Industry (VDA) is pushing back, arguing that…

Elon Musk opened up in a new interview yesterday about the SEC lawsuit regarding his attempt to take Tesla private back in 2018 and his infamous “funding secured” announcement. The Tesla CEO now claims funding was indeed secured and that he was forced to settle with the SEC because the company’s banks were telling him that he wouldn’t be able to secure additional funding if he kept…

After electric vehicle company Ideanomics celebrated its successful acquiring of Italian electric motorcycle company Energica last month, the duo hosted an investor and analyst day at the Nasdaq this week. With Electrek in attendance, we heard first hand from the leaders of the two companies about how Energica’s industry-leading technology will now benefit Ideanomics other electric vehicle…

Kenyan technology company Opibus announced it has officially changed its name to ROAM. According to Opibus, the rebrand to ROAM is a better fit for the EV manufacturer’s growth and strategic shift to electrify Africa’s transportation sector and beyond. Under its original monicker founded in 2017, Opibus has been a Swedish-Kenyan technology company headquartered in Kenya that develops…