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Volvo Cars CEO Jim Rowan photographed in Nov. 2022. The company wants every car it sells to be fully electric by the year 2030.

Anders Wiklund | AFP | Getty Images

Volvo Cars does not plan to use autonomous driving technology from Tesla and will instead focus on developing its own systems, according to the company’s CEO.

Back in June, the Gothenburg-headquartered carmaker said it had inked an agreement with Elon Musk’s firm that would give its electric vehicles access to 12,000 Tesla Superchargers in the U.S., Mexico and Canada.

Speaking to CNBC’s “Squawk Box Europe” on Thursday morning, Volvo Cars chief Jim Rowan was asked whether this meant the business would consider using Tesla’s autonomous driving tech in the future.

“We’ve already made that decision in terms of what we want to control internally, in terms of our technology stack,” Rowan said.

“And we’ve chosen that we want to be in full control of our ADAS [advanced driver assistance systems], all the way up to full AD [autonomous driving] software,” he added.

“So we will continue to write that, we will continue to invest in that, and we’ll continue to develop that.”

In a sign of how the company’s strategy is taking shape, Volvo Cars announced late last year that it had taken full ownership of Zenseact, a business specializing in AD software.

Read more about electric vehicles from CNBC Pro

Rowan was speaking to CNBC after Volvo Cars reported second-quarter results. The company said earnings before interest and taxes were 5 billion Swedish krona (around $487.5 million) compared to 10.8 billion Swedish krona in the second quarter of 2022.

“During the quarter, the company reported a continued strong sales performance in electric cars,” it said in a statement accompanying its earnings report. “Sales of fully electric Volvo car models increased by 178 per cent year-on-year during the quarter and accounted for 16 per cent of its total share.”

Volvo Cars’ longer-term electrification strategy is centered around every car it sells being fully electric by the year 2030. This would mean a phase-out of vehicles using internal combustion engines, a category that includes hybrids.

Supply chain challenges

The past few years have seen the automotive industry suffer issues related to supply chains and the cost of materials crucial to the production of electric vehicles.

During his interview with CNBC, Rowan gave an overview of the current state of play. “Last year we saw lithium spike quite dramatically, that’s now come down substantially from its peak,” he said.

“It went from about 10 to about $110 per kilo and now it’s down … below, somewhere between 30 and 40 [dollars],” he added. “So we’re starting to see that normalize, and I think that will keep reducing through the course of this year.”  

Rowan also described semiconductors as being “patchy” in 2022 but “much, much better this year.”

This had been shown in Volvo Cars own output, he said. “We manufactured over 50% more cars this quarter than we did in the same quarter last year.”

He added that 2022 had also been affected by Covid lockdowns. “If you remember, Shanghai was locked down for almost 60 days — we had a lot of the suppliers in Shanghai, and that was an effect there,” Rowan said.

“So we’re seeing that bounce back really quickly for us.”

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Kia’s electric van was spotted in the US again, but this time it looks a little different

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Kia's electric van was spotted in the US again, but this time it looks a little different

Is Kia’s electric van finally coming to the US? The Kia PV5 was caught testing with a unique design, hinting it’s destined for the US.

Is Kia’s electric van coming to the US?

Although Kia has yet to announce it publicly, all signs point to the PV5 launching in the US. In February, the electric van was first spotted charging at a station in Indiana.

A few photos and a video sent to Electrek confirmed it was indeed the Kia PV5. The sighting came somewhat as a surprise, as the only official statement from Kia said the PV5 would arrive in Europe and South Korea this year, followed by “launches in other markets” in 2026, but no mention was made of the US.

After another PV5 was spotted in Arizona, rumors that Kia’s electric van was coming to the US began to surface again.

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Kia still has yet to confirm or deny a US launch, but another sighting hints at the PV5’s imminent debut. The latest spotting, by KindelAuto, appears to be of the US-spec 2026 Kia PV5.

It looks about the same as the Kia PV5 Passenger, which is already available in parts of Europe and South Korea. However, although it’s not very clear, Kia’s electric van appears to have added side marker lights, a requirement in the US.

Following its launch in the UK earlier this year, the Kia PV5 Passenger is now being introduced to new European markets.

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The Kia PV5 Passenger electric van (Source: Kia)

In the UK, it starts at £32,995 ($44,000) on the road. In Germany, the PV5 Passenger is priced from €38,290 ($45,000) or €249 per month.

Kia’s electric van is available in two variants: Passenger, for everyday driving, and Cargo, for business use. The PV5 Passenger is available with two battery pack options: 51.5 kWh and 71.2 kWh, providing WLTP ranges of 183 miles and 256 miles, respectively. Meanwhile, several more variants are on the way.

Kia's-electric-van-spotted-US
Kia PV5 tech day (Source: Kia)

During its PV5 Tech Day in July, we learned that Kia plans to launch seven PV5 body types, including a Light Camper, a premium “Prime” Passenger model, and an open bed version.

We’ll have to wait for the official word, but there’s still hope Kia’s electric van will make it to the US. We should find out soon. Can we get the EV5 too? That might be pushing it.

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EIA: Solar and wind crush coal with 20% more power in 2025

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EIA: Solar and wind crush coal with 20% more power in 2025

A new review of US Energy Information Administration (EIA) data by the SUN DAY Campaign reveals that in July, solar-powered electricity shot up by over 30%, while wind grew by almost 14% in the US.

Solar continues to break records in July

EIA’s latest monthly “Electric Power Monthly” report (with data through July 31, 2025), once again confirms that solar is the fastest growing among the major sources of US electricity.

In July alone, electrical generation by utility-scale solar (i.e., >1-megawatt (MW)) surged by 36.9% compared to July 2024, while “estimated” small-scale (e.g., rooftop) solar PV increased by 12.7%. Combined, they grew by 30.4% and provided 9.4% of US electrical output, up from 7.5% year-over-year.

Moreover, utility-scale solar thermal and photovoltaic expanded by 37.4%, while generation from small-scale systems rose by 11.0% during the first seven months of 2025 year-over-year. The combination of utility-scale and small-scale solar increased by 29.9% and was 8.9% (utility-scale: 6.7%; small-scale: 2.2%) of total US electrical generation for January to July – up from 7.0% a year earlier.

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As a consequence, solar-generated electricity year-to-date (YTD) easily surpassed – by over 54% – the output of US hydropower plants (5.7%). In July alone, solar-generated electricity more than doubled the output of hydropower. In fact, in both July and YTD, solar produced more electricity than hydropower, biomass, and geothermal combined.

And for the first time ever, 4% more electricity was generated in July by utility-scale solar (33,119-GWh) than by wind farms (31,831-GWh). Including small-scale systems, solar outproduced wind by over 35% during the month (43,092 GWh).

Wind is still on a growth trajectory

US wind turbines produced 10.8% of US electricity in the first seven months of 2025, an increase of 3.5% year-over-year, and they almost doubled electrical generation by the nation’s hydropower plants.

In July alone, wind-generated electricity was 13.8% greater than a year before.

Wind + solar are beating coal, nuclear

During the first seven months of 2025, electrical generation by wind plus utility-scale and small-scale solar provided 19.6% of the US total, up from 17.8% during the first seven months of 2024.

Further, the EIA reports that the combination of wind and solar provided 19.1% more electricity than did coal during the first seven months of 2025, and 14.1% more than nuclear. In fact, as solar and wind grew rapidly, nuclear-generated electricity dropped by 1.0%.

Renewables are still on the rise

All renewables combined (wind, solar, hydropower, biomass, and geothermal) produced 9.9% more electricity between January and July than they did a year ago and provided 26.7% of total US electricity production compared to 25.1% 12 months earlier.

Electrical generation by the combination of all renewables grew three times faster than total US electrical generation (9.9% vs. 3.3%). Renewables’ share of electrical generation is now second to only that of natural gas, which saw a decline in electrical output by almost 3.5% during the first seven months of 2025.  

“Notwithstanding enactment of the anti-renewables provisions in the Trump megabill, solar and wind continue to power ahead,” noted the SUN DAY Campaign’s executive director, Ken Bossong. “Meanwhile, the electrical output YTD by the Republicans’ preferred technologies – nuclear power and natural gas – has actually fallen.”


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Lucid (LCID) enters the robotaxi race with Uber after delivering its first EV to Nuro

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Lucid (LCID) enters the robotaxi race with Uber after delivering its first EV to Nuro

Lucid Motors (LCID) delivered the first Gravity Robotaxi EV to Nuro on Wednesday, marking a milestone in its partnership with Uber.

Lucid delivers the first Gravity Robotaxi EV to Nuro

In July, Lucid announced a partnership with Uber and Nuro to deploy 20,000 autonomous Gravity SUVs over the next six years.

The alliance is already on the move. Lucid announced that it delivered the first Gravity EV to Nuro on Wednesday, which will be used for the Uber robotaxi fleet.

Lucid’s electric SUV will be equipped with Nuro’s Level 4 self-driving tech, including the sensors and other hardware.

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Starting in 2026, Uber aims to launch “20,000 or more” Lucid robotaxi’s over the next six years. The vehicles will join Uber’s network and will be available to use through the Uber App. To help kick-start the alliance, Uber is investing $300 million into Lucid.

Lucid said delivering the first vehicle, “marks the beginning of an exciting new chapter,” teasing that more is to come soon.

Lucid-first-EV-Uber
Lucid Gravity SUV fitted with Nuro’s self-driving tech (Source: Lucid)

Although Gravity production at its plant in Casa Grande, Arizona, was limited due to supply chain issues earlier this year, Lucid said it has mostly resolved the problems.

Lucid’s interim CEO, Marc Winterhoff, said during an interview with Brew Markets on Tuesday that the Gravity has “so many orders” that the company will honor the $7,500 EV tax credit until the end of the year.

According to Winterhoff, Lucid doesn’t “want to tell order holders, you know what, you’re out of luck, we didn’t deliver in time.

Despite many of its luxury rivals, including Porsche, Mercedes-Benz, and BMW, pulling back on electrification plans, Winterhoff said Lucid will remain a pure EV company.

Winterhoff said the loss of the federal $7,500 EV tax credit will have a limited impact on sales due to Lucid’s market position and pricing.

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