Editor’s note: There’s a lot of news about electric vehicles these days, and we’re going to start featuring it in this space on a weekly basis. If you are a CoServ Member or Customer with questions about EVs, please contact us at EV@coserv.com.
By NICHOLAS SAKELARIS
This week’s EV news was dominated by GMC’s Hummer EV pickup truck, which was unveiled Tuesday in a 2-minute-and-15-second commercial during Game 1 of Major League Baseball’s World Series.
Like the original consumer version of the Hummer, this thing is monster-sized and over the top with the same recognizable front grill and boxy styling.
Unlike its gas-guzzling predecessor, the Hummer EV is powered by three electric motors that produce a total of 1,000 horsepower, Road Show reported. The charger system boasts the ability to add 100 miles of range in just 10 minutes, and the vehicle has a total range of 350 miles.
Start saving your pennies, though. Edition 1, which is scheduled to hit the market in 2021, will cost $112,595 with lower-priced versions coming out in subsequent years.
While General Motors is an established brand, there are plenty of startup companies trying to disrupt the status quo with their own EVs. The Wall Street Journal reports that investors are writing blank checks for these companies in hopes that they can become the next Tesla and transform the world’s fleet of electric vehicles.
Two electric-vehicle startups have completed stock listings in recent months while other EV and battery companies have announced plans to do so.
What makes this situation especially unique is that these companies have little to no revenue but have high valuations. This increases the risk for investors, but history has shown these companies are going public much earlier than those in other industries.
Tesla CEO Elon Musk is always making news on his Twitter account, and this month has been no different.
The gauntlet Musk is referring to is from their competitor, Lucid Motors, who announced earlier in the week that the Lucid Air base model would sell for $77,400.
Musk responded by offering the Model S “long-range plus” version for $69,420 just days after he’d already lowered the price by $3,000.
Electric vehicles are known for being quiet, but some manufacturers are adding artificial sounds and will let you customize it. Mercedes-Benz is working on a list of “selectable soundscapes” that will play through the interior speakers, Motor Authority reported.
If you are a CoServ Member or Customer with questions about EVs, please contact us at EV@coserv.com.