South Africa’s first fully electric truck has reached the country’s shores. It’s the latest addition to the fleet of vehicles belonging to a brewing company.
Electric vehicle startup Rivian says it has closed a $1.3 billion investment round, led by fund manager T. Rowe Price but also including existing investors online retailer Amazon.com Inc and No. 2 US automaker Ford Motor Co.
Toyota Motor’s Lexus will launch its first all-battery electric vehicle next year, as the luxury brand races to market a battery-operated car amid growing competition to develop zero-emissions vehicles, the head of the brand said on Wednesday.
The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future, the chairman of Volkswagen said in an interview published on Sunday.