The current drop in fuel prices could lead to a major sales dip for electric automaker Tesla, according to some industry experts. The Elon Musk led manufacturer had predicted sales of over 500,000 new vehicles by 2020, but now that number could fall by as much as 40 percent.
Tesla Motors is now officially selling cars in Australia following the opening of its first showroom in Sydney. Currently the four-door Model S sedan is the only Tesla vehicle available in the Aussie market, which will expand into Melbourne next year.
A team of researchers from the University of New South Wales in Australia say they have made a breakthrough in solar panel technology that could harness far more energy per panel. Professor Martin Green broke news of the discovery this week explaining that they haven't changed the panels but rather the way they convert electricity.
Project LiveWire, motorcycle maker Harley-Davidson's foray into the electric vehicle market, would retail for $50,000, according to the company's President and COO Matt Levatich.
Audi will debut its electric crossover in 2017, a new competitor in the high end electric vehicle market, whose only current player is Tesla Motors. The EV will be a variant on the R8 sports car, and follow deliveries of the plug-in hybrid A3 E-Tron hatchback this year.
Tesla and BMW may be in talks for a partnership to that would give the US-based electric automaker access to some of BMW's German-made parts. Tesla CEO Elon Musk has reportedly been in contact with BMW officials in this month talking specifically about BMW's carbon fiber reinforced parts.
General Motors has revealed new details about their second generation Volt and says the electric car will get some major upgrades. The new model will make its public debut at the Detroit auto show in January and will show off greater range on the electric motor and increased performance.
Audi has confirmed that they are still on track to bring a family-sized electric car to the marketplace by 2017. It is the second electric car in the work from Audi whose R8 e-tron sports car has been green lit and then shelved several times in the last year.