Connect with us

Published

on

GM’s beloved compact EV will live on. Although the new Chevy Bolt EV will make its first appearance later this year, we might already be getting a look at the upgraded model.

Here’s our first look at the new Chevy Bolt EV

It’s been over a year since GM ended production of the outgoing Chevy Bolt EV in late 2023. Since then, GM confirmed that not one but several Bolts will be arriving shortly.

GM’s president, Mark Reuss, said the new model would be a part of “a family of Bolts,” including an even lower-priced option.

Although the first Chevy Bolt EV of the series, due out later this year, will start slightly higher than the $28,785 MSRP of the outgoing model, it will include several upgrades.

CEO Mary Barra boasted that the new Bolt would offer “an even better driving, charging, and ownership experience” with GM’s latest tech and connectivity software. It will be the first Ultium-based EV in North America to use LFP batteries, enabling GM to offer it at a lower price.

First-look-new-Chevy-Bolt-EV
2022 Chevy Bolt EUV (Source: GM)

Ahead of its official debut later this year, we are getting what appears to be our first look at the new Chevy Bolt EV.

A video posted on X (formerly Twitter) from user @YoungEthio shows what appears to be the next-gen Bolt model.

The new model is still covered, sitting in a lot full of GM’s electric vehicles. Nearly every model from the lineup is on display, including the new Chevy Equinox, Blazer, and Silverado EVs, the Cadillac Vistiq, Celestiq, Escalade IQ, and Lyriq, and even the GMC Sierra EV pickup.

Only one car is covered, and we suspect it’s the new Chevy Bolt EV. Just below the cover, you can see that the vehicle is wearing GM’s black-and-white camo, which is worn on most prototypes.

First-look-new-Chevy-Bolt-EV
Chevy Equinox EV LT (Source: GM)

The vehicle appears slightly smaller than the Equinox EV sitting to its right, giving us a decent size comparison. It does look a bit taller than the Cadillac Celestiq, but that’s expected as a luxury sedan.

The covered model also appears to have a more crossover-like design, similar to what Nissan plans to do with the next-gen LEAF.

Are you excited about the new Bolt EV? GM is bringing the fan-favorite back because so many were mad that it was killed off in the first place. In the comments below, let us know what you hope to see included in the new model.

Source: GM Authority, @YoungEthio

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Trump just canceled the federal NEVI EV charger program

Published

on

By

Trump just canceled the federal NEVI EV charger program

Trump’s Federal Highway Administration (FHWA) has issued a memo ordering states to suspend all state EV infrastructure deployment plans under the National Electric Vehicle Infrastructure (NEVI) Formula Program.

Trump’s FHWA orders NEVI suspension

The $5 billion NEVI program is the big rollout of EV charging infrastructure across the US that was funded by the Biden administration’s Infrastructure Act, and it’s already well underway.

Under the NEVI program, states have to send their plans to the FHWA annually, detailing how they’ll use the funds. During the Biden administration, the FHWA signed off on the first four out of five fiscal years of plans through 2025. However, not all of it has been “obligated” to EV infrastructure projects.

Trump’s FHWA has told states in this memo that they can’t commit funds that were already approved to new EV charging infrastructure. However, money that was already committed is not affected. 

The memo reads:

Therefore, effective immediately, no new obligations may occur under the NEVI Formula Program until the updated final NEVI Formula Program Guidance is issued and new State plans are submitted and approved. Instructions for the submission of new State plans for all fiscal years will be included in the updated final NEVI Formula Program Guidance. Since FHWA is suspending the existing State plans, States will be held harmless for not implementing their existing plans. Until new guidance is issued, reimbursement of existing obligations will be allowed in order to not disrupt current financial commitments.

Electrek’s Take

I asked Loren McDonald, chief analyst at Paren, what his thoughts were on this latest cancellation, and he, among others (myself included), doesn’t think the FHWA has the authority to stop the NEVI program with a memo – it would need a change in law from Congress – and then the courts will settle it. (Who else is beginning to see a Trump administration theme here?) McDonald said:

 I don’t believe FHWA has the authority to pause or rescind any aspect of NEVI. The Trump administration is clearly trying to stop or pause programs like NEVI for as long as they can, but I assume lawsuits from states will start soon, and this will go to court and Congress … but the Trump admin will succeed in just causing havoc and slowing things down for a while. In the end, the Trump administration will likely fail, as only Congress can fundamentally revise and stop the NEVI program.

But, as with everything else rolled back the last few weeks, this will cause chaos and delays. This will cause serious damage to businesses nationwide – from EV charging companies (including Tesla, one of the largest NEVI recipients) to convenience stores and other host sites – and will waste money and cost people jobs.

It should also be noted that NEVI is the very reason that the NACS charging standard exists in the first place.

NEVI was limited only to chargers that could serve multiple makes of vehicles – a reasonable step, that government wouldn’t want to do a giveaway to a single, proprietary company. This is what caused Tesla to release NACS as a standard in the first place, so that its chargers could access NEVI money.

Then, when the entire industry switched over to the NACS standard, that signaled a potential long period of leadership in EV charging for Tesla. The company could have been the primary energy provider for EVs in North America for years or even decades to come as a result.

Now, an administration that Elon Musk is involved in is killing the very program that could have led to his company’s dominance in energy delivery – after also firing the entire team that was responsible for making the NACS standard in the first place.

What an awesome way to make America great again.

Read more: Q4 2024 update: 12,000 more US EV charging ports in 3 months


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

There’s finally(!) an automatic fix to restart failed EV charging sessions

Published

on

By

There's finally(!) an automatic fix to restart failed EV charging sessions

The ChargeX Consortium has figured out how to automatically restart failed EV charging sessions at fast chargers so drivers don’t have to.

Every EV driver has been there. You plug in, walk away to grab food or run errands, and expect your battery to be juicing up at a DC fast charger, only to return and realize nothing happened. Maybe the session failed, or maybe the charger glitched. Either way, you’re stuck unplugging, plugging back in, and now it’s going to take twice as long to charge.

The ChargeX Consortium (National Charging Experience Consortium), which is made up of researchers from the National Renewable Energy Laboratory (NREL), Idaho National Laboratory (INL), and Argonne National Laboratory (ANL), along with industry stakeholders, has come up with a smart fix for one of the most frustrating parts of public EV charging: failed sessions.

Its new report highlights the benefits of what it calls “seamless retry” – a hands-free tech solution that automatically restarts failed charging attempts. In other words, the driver no longer needs to physically unplug and replug the charging connector when a charging session fails.

The consortium’s new tech is designed specifically for DC fast charging. The “novel mechanism” automatically resets both the EV and the charger, then restarts the session in the background, so drivers don’t have to return to the car – or even have to think about it.

Ed Watt, a researcher at NREL and lead author of the “Recommended Practice Seamless Retry for Electric Vehicle Charging” report, said, “With a seamless retry mechanism in place, an EV driver at a retail center can plug in a charging connector, provide user input data, leave to shop, and feel confident that they will return to a charged vehicle.” (Click on the report link to see the specifics of how the novel mechanism works.)

The researchers didn’t just focus on the perks of seamless retry – they also looked at potential downsides. One concern was the extra time it might take for the system to restart a failed session, which could leave drivers frustrated. To tackle that, the consortium suggests that the EV industry provide transparency in the form of real-time status updates, insights into what went wrong, and recommendations based on the type of charging failure and number of attempts made.

Going forward, as the user experience becomes clearer, more work will fine-tune seamless retry. The ChargeX Consortium will keep refining the system – developing smarter, more targeted retry methods, ironing out implementation details, and running verification tests to make sure everything works seamlessly in the real world.

Read more: The latest US EV sales and charger growth – in numbers


To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla CFO, chairwoman, and Elon’s brother sold tens of millions worth of TSLA stocks

Published

on

By

Tesla CFO, chairwoman, and Elon's brother sold tens of millions worth of TSLA stocks

Tesla’s Chief Financial Officer, Taneja Vaibhav, and the head of Tesla’s board of directors, Robyn Denholm, have just sold tens of millions of dollars worth of Tesla (TSLA) stocks.

Elon Musk’s brother is also selling.

Public companies must report insider stock trading by critical executives and board members to the SEC.

For Tesla, it’s a very limited group for a company of that size:

And they are not buying the stock. In fact, they are almost exclusively selling.

Today, Tesla reported two new sets of transactions in SEC filings.

Chief Financial Officer Taneja Vaibhav confirmed that he sold 7,000 shares for $2,681,770.

He was able to acquire those 7,000 Tesla shares at $18.22 as part of his stock option plan. He sold at an average of $383, and the stock closed at $374 today.

Robyn Denholm, Tesla’s chairwoman, sold 112,390 shares at an average price of $384.04, for a total value of $43,162,255.60.

She also got the shares as part of a stock option plan. Denholm had to return tens of millions of dollars worth of Tesla stocks to the company after settling a lawsuit over excessive compensation brought by shareholders.

Tesla’s entire board settled for nearly $1 billion:

Tesla wrote in the filings that both Vaibhav and Denholm sold as part of stock option liquidation plans adopted last year.

Today, Tesla released another SEC filing to disclose that Kimbal Musk, Elon Musk’s brother and Tesla board member who also was part of the excessive compensation settlement, is selling 75,000 Tesla shares through Morgan Stanley for $27.5 million.

In his case, it doesn’t appear to be linked to a liquidation plan.

Electrek’s Take

Kimbal is known to have great “timing” with his Tesla stock sales. It will be interesting to see.

It’s wild to see these board members getting absurdly rich while the company has erased its growth and is heading into one of its worst quarters in years.

All while they sit on their hands and do nothing while they are the only ones who could do something about the CEO, who seemingly engages in fireable offenses every day.

Tesla has one of the worst corporate governance of any major companies I’ve ever witnessed.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending