Mercedes isn't the only car maker determined to beat Tesla before it gets huge. Sources speaking to German business daily Handelsblatt claim that BMW is in the midst of planning an executive shuffle that will also include a big shift in its electric vehicle strategy. While the company would still offer ground-up EV designs like the i3, the new strategy would greenlight electric versions of some of BMW's most important vehicles, including the 3-series sedan, X4 crossover and iconic Mini. If the leak is accurate, management is likely to approve the change at the end of September. We've asked BMW for its take on the report, although it declined to comment to Handelsblatt.
Tesla sells more electric vehicles than any other car manufacturer in the U.S., but the Chevy Bolt is snapping at its heels. The Bolt dominated electric vehicle sales in October, selling over twice as many cars as the Tesla Model S, according to Inside EVs. The numbers show 2,781 Bolts sold, followed by the Toyota Prius Prime with 1,626 cars sold. The Model S came in fourth place, with 1,120 vehicles driven off the lot (although taking into account all three Tesla cars, the company sold 2,115 vehicles). SEE ALSO: Tesla's Solar Roof tiles are out... and OMG Unlike the luxurious Model S, the Chevy Bolt is meant to be a more affordable, mass-market vehicle, so it makes sense that the Bolt might outpace the Tesla Model S in sales.
Chinese electric vehicle maker BYD is seeking to expand in the U.S. market, the company's CEO told CNBC. It's new California production facility will have 700 employees and be able to produce 1.500 heavy-duty vehicles each year. Electric vehicle maker BYD is planning a U.S. facility, which employs around 700 people, and will be able to annually produce 1,500 electric heavy-duty vehicles, such as municipal buses. When President Donald Trump pushed "Made in America" week starting on Monday, Chinese electric vehicle maker BYD might not have been top of mind. But the Warren Buffett-backed company has its sights set on expanding in the U.S. market with its Lancaster, Calif., production facility set for completion next month, Stella Li, president of BYD Motors, told CNBC's "Squawk Box" on Tuesday.
Monday was an exciting day for electric vehicles everywhere. Slowly but surely, the vehicle pulled the plane, from Australian airline Qantas, almost 300 meters. SEE ALSO: Watch Tesla's Autopilot avoid a swerving semi-truck This was, according to Qantas, the first time in history an electric passenger vehicle has towed a passenger plane (though electric vehicles do commonly tow other aircrafts). The car actually received a Guinness World Record for heaviest tow by an electric production passenger vehicle. The Tesla is the electric passenger vehicle with the highest towing capacity currently on the market, so it's not surprising that it was able to tow such a heavy load -- but it's still impressive, as publicity stunts go.
Italian company Piaggio, whose scooters have run on fossil fuels since their inception, has now unveiled its first electric vehicle project, called the Vespa Elettrica. "The Vespa Elettrica will, first and foremost, be a true Vespa, bringing the very latest in electric technology to a vehicle that will retain all the features that have been vital to its success," the company said on its website. The two-wheeler major announced Tuesday that it is developing an electric motor for its latest project. Currently in the concept stage, the production and sales of Vespa Elettrica have been planned for the second half of 2017. The vehicle will have a traditional Vespa design, the company said, without revealing further details.