Tesla News: Elon Musk Unveils Tesla Cybercab and Robovan at Robotaxi Event

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According to the latest Tesla news, Elon Musk has unveiled of the Tesla Cybercab and Robovan at the “We, Robot” event on October 10, 2024. Held at Warner Bros. Studio in Burbank, California, this invitation-only event by the company’s first major product reveal since the Cybertruck debut in 2019.

Toyota News: Toyota Invests $500 Million in Joby Aviation for Air Taxi

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According to the latest Toyota news, Toyota’s $500 million investment shows its confidence in Joby Aviation’s vision of revolutionizing air travel. This new investment is broken into two equal tranches of $250 million each. The first tranche is expected to be closed by the end of 2024 and the second is scheduled for 2025.

Volvo Reverses Plan to Sell Only Electric Cars by 2030

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Volvo Cars set an ambitious target in 2021 to become a fully electric car manufacturer by 2030. Following a shift in consumer demand, the automaker has adjusted its target now aiming for 90-100% of global sales to come from electrified cars by 2030. This new target includes a mix of fully electric and plug-in hybrid vehicles with a small allowance (0-10%) for mild hybrids, if necessary.