Lifeboat Foundation

Tesla will sell car insurance, but electric-vehicle insurance and repairs are more expensive than for traditional cars. Here’s why.

The average cost of repairs are nearly 3% higher for a small EV versus a small internal-combustion engine car, says CCC Intelligent Solutions, a data and consulting firm that has examined the impact of EVs on the automotive, insurance and repair industries.

The same researchers found that spending on replacemet parts as a share of the overall repair costs was higher for a small EV despite that EV having 9.1 parts replaced per claim on average, versus 9.6 parts for small ICE cars. Access the full report here.

Continue reading “As prices top $4 a gallon, should you consider an electric vehicle? One consideration: They’re more expensive to insure and repair. Here’s why” »

Details have been disclosed about a now-addressed critical vulnerability in Microsoft’s Azure Automation service that could have permitted unauthorized access to other Azure customer accounts and take over control.

“This attack could mean full control over resources and data belonging to the targeted account, depending on the permissions assigned by the customer,” Orca Security researcher Yanir Tsarimi said in a report published Monday.

The flaw potentially put several entities at risk, including an unnamed telecommunications company, two car manufacturers, a banking conglomerate, and big four accounting firms, among others, the Israeli cloud infrastructure security company added.

Using corn for fuel seems like a dumb idea in light of new research.

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Continue reading “America Was Wrong About Ethanol — Study Shows” »

BEIJING — The first electric car with Huawei’s HarmonyOS operating system is set to begin deliveries at a ceremony on Saturday in Shanghai, according to an announcement on social media.

In December, Huawei’s consumer business group CEO Richard Yu spent an hour at a winter product launch event promoting the car, the Aito M5. But the Chinese telecommunications company has emphasized it will not make cars on its own, rather working with auto manufacturers on autonomous driving and other technology.

Seres is the automaker behind the Aito M5. The company is also known as SF Motors and is a Silicon Valley-based subsidiary of automaker Sokon, which is based in Chongqing, China, according to the parent company’s website.

Charging station manufacturer Tritium (Nasdaq: DCFC) has formed a partnership with Wise EV, a subsidiary of renewable energy service provider Wise Power, to provide DC fast chargers for a new national EV charging network.

The new network is expected to start with 25 locations at Florida gas stations. Florida is the number-two US state for EV sales, and received the third largest state allocation under the new National Electric Vehicle Infrastructure (NEVI) Formula Program Guidance.

Wise EV plans to build its network using a hub-and-spoke strategy, centering the charging around metropolitan hubs and connecting those cities with Interstate highways as spokes. The eventual goal is to build a coast-to-coast charging network. The company plans to establish its metropolitan charging hubs in 2022, and connect those hubs with Interstate charging spokes in 2022 and 2023.

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Continue reading “We’re Building Computers Wrong” »

TOKYO, March 4 (Reuters) — Japan’s Panasonic Corp (6752.T) is looking to purchase land in the United States for a mega-factory to make a new type of electric vehicle (EV) battery for Tesla Inc (TSLA.O), public broadcaster NHK reported on Friday.

Panasonic is looking at building the factory, to cost several billion dollars, in either Oklahoma or Kansas close to Texas, where Tesla is preparing a new EV plant, NHK reported. NHK gave no timeline for Panasonic’s U.S. project.

NHK did not cite the source of its information. Panasonic said the reported plan was not something it announced.

Tesla has released footage unveiling its pre-fabricated system to deploy new Supercharger stations in record time.

This new one in Florida was built in just over a week.

Tesla is currently growing its Supercharger network at an impressive rate.

Continue reading “Tesla unveils Supercharger station built in only 8 days thanks to new pre-fabricated system” »

The transportation and telecommunications revolutions have led to exponential changes in how the world is connected.