Last updated on February 9th, 2026 at 05:13 pm
Why EVs lose value faster than gas cars and why that could be changing (Robert Ferris, 10/20)
Electric vehicles (EVs) are cheaper to maintain but depreciate faster than traditional cars, losing about 13% more value over five years. Their greater depreciation is due to heavy incentives affecting resale values and rapid technology changes. The EV market is expanding with more affordable models coming soon.
China Is Making 800-Mile EV Batteries. Here’s Why America Can’t Have Them (Suvrat Kothari, 10/20)
Chery Automobile has developed a new solid-state battery technology that could significantly increase the driving range of electric vehicles and improve safety. However, China’s new export controls may prevent this technology from reaching North America. Chery’s prototype boasts an energy density of 600 watt-hours per kilogram, potentially allowing for a range of 1,300 kilometers. They aim for a pilot program next year and broader rollout by 2027, competing with automakers like BYD and CATL. Despite the exciting possibilities, widespread use may take longer.
GM Unveils AI-Driven Autonomous Future (Self Drive News, 10/22)
GM showcased its next-generation autonomous technologies at the GM Forward media event in New York. Key points include plans for eyes-off driving by 2028 in the Cadillac ESCALADE IQ and conversational AI from Google Gemini launching next year. A centralized computing platform will enhance AI performance by 35 times. GM is also advancing robotics in manufacturing and energy systems enabling vehicle-to-home and vehicle-to-grid capabilities. Overall, GM aims for intelligent mobility, where vehicles communicate and evolve through AI and advanced technology.
Uber will pay drivers $4,000 to switch to EVs (Andrew Hawkins, 10/22)
Uber is aiming for all trips to be in electric vehicles (EVs) by 2030, offering $4,000 grants to drivers who replace their gas vehicles with zero-emission ones. The company plans to be carbon neutral in North America and Europe by 2030, and globally by 2040, reversing its previous decision not to pay drivers directly. The new “Go Electric” program is initially available in specific states. Uber is also enhancing its features for EV drivers and offering discounts for EV rides.
Tesla to recall nearly 13,000 US vehicles over battery risk (Reuters, 10/22)
Tesla is recalling 12,963 vehicles in the U. S. due to a battery pack defect that may cause loss of drive power, increasing crash risk. The recall affects specific 2025 Model 3 and 2026 Model Y vehicles. Tesla will replace the faulty component for free. No injuries linked to this issue have been reported. Additionally, the NHTSA is investigating 2.88 million Tesla vehicles for safety violations related to its Full Self-Driving system. Tesla will also report its third-quarter financial results today.
