Despite temporary rises and falls combined with a recent arrangement by OPEC to decrease production restrictions, it appears that oil prices are rising. At least, that’s what the Bernstein Institute, an investment research organization, is saying. Last week, the research company predicted that oil may be up to $150 a barrel by the year 2020.If barrels reach those levels, they’ll overta
According to CEO Oliver Blume, as many as half of the cars bearing the Porsche name will be electric by the year 2023. Its first release is slated to happen in 2019 with the Mission E. Next, an electric crossover coupe, and then a new generation Macan crossover by 2022. The Macan is expected to be the measuring stick for Porsche’s entry into the electric vehicle market. Currently, the gasoli
Electric cars have been making the headlines in recent months. Not only have new developments driven technological advancements forward, but the proven efficiency of these vehicles have driven up demand. In some places, tremendously so. Norway, in particular, has been met with a tremendous demand for electric vehicles, more than they can supply, at the current rate. With the demand primarily drive
As more and more barriers to electric car adoption begin to drop, new reports find that California has been finding tremendous success in the field of electric vehicle use. As the state is one of the leading figures in electric car adoption, reports state that California may reach its goal of having upward of 1.5 million electric cars on the road by as early as 2025. A San Franciscan think tank k
With so much attention fixed firmly on North American and European markets when it comes to electric vehicles, it is not surprising to see other countries beginning to pick up the pace in regards to their own green vehicle options. Recent reports show that many of the world’s automakers are beginning to focus their efforts on creating more affordable electric vehicles for drivers in emerging
As Ford Motor Company increases its investment in autonomous vehicles, the planned production of an electric crossover is being moved from Michigan to Mexico. Moving the production of the vehicle that is expected to have a 300-mile range out of the country will allow the auto giant to create and produce self-driving vehicles in their home state.Automotive News reported that an internal memo they o
The day the automotive world has been waiting for came and went, Tesla Motors revealed their highly anticipated Model 3. There were two mentalities of anticipation, either you are on team Tesla is going to save the world, or ruin my business. Obviously the oil industry, has vested interest in the Model 3’s flopping. They wanted the range to be under 200 miles so the anxiety would hinder sales. Un
Tesla Motors was not really challenged the way other innovative ideas have been in the past, however it was repeatedly dismissed. Before the Roadster came out people put the idea of a practical electric auto into the boondoggle category. After it came out detractors denounced it as a niche market car. Belittled Tesla Motors by implying they had only succeeded in editing a Lotus Elise into an elect
Tesla lives in the headlines, because it has a compelling story behind it. The man that established the company does not just have a vision for the future of his many companies, his vision blankets over humanity. Tesla is not even the most impressive company under his many hats, SpaceX is already the first private company to have stolen governmental contracts away from NASA. Elon Musk wants to us
After Tesla Motors broke the scale (and the compression machine) with their Model S, and then achieved expectations with the Model X, the Model 3 has some large shoes to fill. As important as the other two were, the Tesla Model 3 is far more to the company’s future success or failure. Relatively speaking, it is rather simple to make one car in low volume, that shames the more established com
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