Sunday, October 17News That Matters

Tag: Volkswagen AG

Biden’s Electric Car Plans Hinge on Having Enough Chargers

Biden’s Electric Car Plans Hinge on Having Enough Chargers

Technology, World
For years, start-ups, automakers and other companies have been slowly building chargers, mainly in California and other coastal states where most electric cars are sold. These businesses use different strategies to make money, and auto experts say it is not clear which will succeed. The company with the most stations, ChargePoint, sells chargers to individuals, workplaces, stores, condo and apartment buildings, and businesses with fleets of electric vehicles. It collects subscription fees for software that manages the chargers. Tesla offers charging mainly to get people to buy its cars. And others make money by selling electricity to drivers.The Transition to Electric CarsOnce the poor cousin to the hip business of making sleek electric cars, the charging industry has been swept up in its ...
How Biden’s E.V. Plan Could Help Tesla and Squeeze Toyota

How Biden’s E.V. Plan Could Help Tesla and Squeeze Toyota

Technology
Companies that have been slower, like Stellantis, which owns Ram, Jeep and Chrysler, brands that do not yet have vehicles solely powered by batteries, face additional pressure to catch up. Jeep started selling a plug-in hybrid version of its popular Wrangler this year and plans to start selling fully electric vehicles by 2023.“Automotive industry leaders have seen the writing on the wall for some time now when it comes to electrification and autonomous technologies,” said Jessica Caldwell, a senior analyst at Edmunds, a market researcher.Ms. Caldwell added that the sales targets set by the Biden administration and the automakers “are certainly not unreasonable, and most likely achievable by 2030 given that automakers have already baked in large numbers of electric vehicles into their futur...
What if Highways Were Electric? Germany Is Testing the Idea.

What if Highways Were Electric? Germany Is Testing the Idea.

Business
OBER-RAMSTADT, Germany — On a highway south of Frankfurt recently, Thomas Schmieder maneuvered his Scania tractor-trailer and its load of house paint into the far right lane. Then he flicked a switch you won’t find on most truck dashboards.Outside the cab a contraption started to unfold from the roof, looking like a clothes-drying rack with an upside-down sled welded to the top. As Mr. Schmieder continued driving, a video display showed the metal skids rising up and pushing gently against wires running overhead.The cab became very quiet as the diesel engine cut out and electric motors took over. The truck was still a truck, but now it was powered like many trains or street cars.There’s a debate over how to make the trucking industry free of emissions, and whether batteries or hydrogen fuel...
EU fines Volkswagen and BMW Nearly $1 Billion for Emissions Collusion

EU fines Volkswagen and BMW Nearly $1 Billion for Emissions Collusion

Technology, World
Germany’s three largest carmakers colluded illegally to limit the effectiveness of their emissions technology, leading to higher levels of harmful diesel pollution, European antitrust authorities said Thursday.Volkswagen and its Porsche and Audi divisions must pay 500 million euros, or $590 million, and BMW will pay 373 million euros, or $442 million, as part of a settlement with the European Commission related to the cartel. Daimler avoided a fine that would have totaled 727 million euros because it blew the whistle on the plot, the European Commission said.The settlement is another blow to the image of the German automakers, who dominate the high end of the car market but have lost some of their luster after Volkswagen admitted in 2015 that millions of cars it produced were fitted with s...
Volkswagen Sheds Bugatti, Maker of Over-the-Top Sports Cars

Volkswagen Sheds Bugatti, Maker of Over-the-Top Sports Cars

Business
Volkswagen said Monday that it was giving up control of Bugatti, the storied automaker whose absurdly expensive hypercars are worshiped by aficionados but seemed incongruous at a company better known for economical Golfs and Passats.Bugatti, whose Chiron model starts at close to $3 million, will become part of a joint venture between Volkswagen’s Porsche unit and Rimac, a young Croatian company that has made a name for itself doing design and engineering projects for large carmakers.Rimac will own 55 percent of the joint venture, known as Bugatti-Rimac, and Porsche will own 45 percent. Mate Rimac, the 33-year-old founder of Rimac, will be the chief executive. The companies did not disclose financial terms.The deal undoes a major legacy of Ferdinand Piëch, who dominated Volkswagen for two d...
E.V. Buying Guide: What to Know About Models, Batteries, Charging and More

E.V. Buying Guide: What to Know About Models, Batteries, Charging and More

Technology
Buying used could be a cheaper way to get an electric vehicle, though evaluate the car you are buying carefully, particularly the quality of the battery, because it will degrade over time. That said, a used electric vehicle could be a perfect choice for a second car for errands, commutes and other short trips.Consider the alternatives.As exciting as it may be to own an electric vehicle, it may not be for everyone. Many families and individuals can’t afford an E.V. that meets their needs — there are few electric vehicles with three rows and room for youth sports gear, for example, and they tend to be expensive. Others cannot easily charge at or near their homes. That’s why Mr. DeLorenzo and Mr. Fisher recommend plug-in hybrids.“If you’re interested but not really sure you want to commit, th...
Biden’s Plan for Electric Vehicles: What You Need to Know

Biden’s Plan for Electric Vehicles: What You Need to Know

Business
But production is only one piece of the puzzle. The transition away from gas-powered vehicles rests on convincing consumers of the benefits of electric vehicles. That hasn’t been easy because the cars have higher sticker prices even though researchers say that they cost less to own. Electricity is cheaper on a per mile basis than gasoline, and E.V.s require less routine maintenance — there is no oil to change — than combustion-engine cars.The single biggest cost of an electric car comes from the battery, which can run about $15,000 for a midsize sedan. That cost has been dropping and is widely expected to keep falling thanks to manufacturing improvements and technical advancements. But some scholars believe that a major technological breakthrough will be required to make electric cars much...