Electric vehicle news moves fast. So grab your coffee, charge your phone, and car. In today's EVs news, we have Rivian's quarterly results, a police force that aims to go all EVs and a writer that feels EVs will only make parking more annoying. Let's dive in.
Rivian reports less quarterly loss, fewer financial difficulties
Electric vehicle startup Rivian RIVN reported narrower losses in the first quarter as it slashed spending to conserve cash and stood by its vehicle production target for the year. However, the EV company based in California confirmed its goal to manufacture 50,000 battery-operated trucks, SUVs, and delivery vans this year. As a result, their stock increased by 6% during after-hours trading. Meanwhile, EV manufacturers, Fisker and Lucid, both reduced their EV production forecast.
- Read the article by Claire Bushey appearing on the Financial Times website here (Note: requires subscription)
South Pasadena Police Department buying Tesla models as they switch to using fully electric vehicles
The South Pasadena Police Department has announced its plan to acquire 20 Teslas that will be used for patrols, detective work, and other duties. The acquisition will include 10 Tesla Model Y vehicles, 10 Model 3 cars, and 30 charging ports. The ports will be stationed at City Hall and will be available for public use.
"We have been investigating this transition for five to six years and determined that these electric vehicles will be the best operationally for us," South Pasadena Police Chief Brian Solinsky said in a statement.
The Atlantic proclaims EVs are making parking even more annoying - for now!
An article by Henry Grabar for The Atlantic details the trials of tribulations of parking an electric vehicle and finding a charging station. Excerpt from article:
"Recently, I was chatting with a friend who drives an electric vehicle in New York City—and parks it at the curb. There are no curbside chargers in his neighborhood, so powering up requires dipping into a nearby garage for a few hours, or driving to a curb in a different neighborhood entirely. Full battery? Move that car or keep paying the charging company. Studying the charging landscape to save time, money, and energy has become “his whole personality,” he told me. As he sent me image after image of prices, charging maps, and street-parking setups, I could see he wasn’t totally kidding."
However, Grabar writes that once the Biden administration plans to make half of all new U.S. vehicle sales to be electric by 2030, Evs will get cheaper, the used-EV market will grow and rural charging options will increase.
- Read the full article on The Atlantic here (Note: requires subscription).
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