California’s tougher-than-usual climate change policy might become more stringent before long. Assemblywoman Autumn Burke tells the Associate Press that she’s introducing a bill requiring that car manufacturers sell at least 15 percent zero-emissions free vehicles within a decade. Companies operating in the state already have to hit yearly emissions targets and get credits for sales, but this would require that they embrace electric orhydrogen fuel cell cars in a big way — not just one or two novelty models. And if they don’t sell enough eco-friendly cars, they’d have to either pay a fine to the state or pay rivals that meet the targets. Yes, they might inadvertently help the competition.
Normally, the most exciting part about a new car is seeing the design for the first time. However, Karma Automotive’s unveiling of the hybrid Revero today surprised no one, because it’s identical to the Fisker Karma. That’s not a bad thing — nobody ever criticized the original’s looks, penned by prolific Aston Martin DB9 and BMW Z8 stylist Henrik Fisker. Instead, Wanxiang, the Chinese auto parts company that bought Fisker out ofbankruptcy last year, focused on fixing the car’s lack of reliability and tendency to catch fire.
When Tesla talked about its earnings in early May, one big question came up: just how will the company afford to make hundreds of thousands ofModel 3s (over 373,000, at last count)? By raising a ton of investment money, that’s how. Tesla has announced that it’s selling a total of $2 billion in stock, about $600 million of it from Elon Musk himself, to pay for its expansion plans. It had to move up its goal of 500,000 electric vehicles per year to 2018 in response to Model 3 deposits, and that means having a “good buffer of cash” (as Musk said during the earnings call) to keep things humming.
A San Diego-based EV conversion company salvaged a charred Ferrari (they had many to choose from) by turning it into what the company claims is the first fully electric Ferrari, a 415-horsepower electric tire-crusher. It’s glorious, if a little blasphemous.
The Tesla Model X is taking a 30-city tour of the United States to meet its fans. Not just any fans, though – these are the buyers who put down deposits ages ago in anticipation of driving home the company’s first SUV.