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Lunaz to begin production of electric classic Range Rovers; prices begin at £245,000 excluding local taxes

Green Car Congress

The company, based in Silverstone, England will create an initial run of 50 of the luxury SUVs built in the ‘classic era’ between 1970 and 1994. Prices for classic electric Range Rovers by Lunaz start at £245,000 (US$329,000) excluding local taxes.

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Tesla (TSLA) gets $475 price target and “Buy” rating from Benchmark

Teslarati

Tesla shares ( NASDAQ:TSLA ) have received a “Buy” rating and a $475 per share price target from Benchmark. Benchmark’s price target is based on 68.2 times its 2028 earnings before interest, taxes, depreciation, and amortization (EBITDA), as noted in a Morningstar report. TSLA +1.8%

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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

Green Car Congress

Lithium carbonate prices in China rose slightly to 480,500 yuan/tonne in mid-August, remaining close to the record-high of 500,000 from March and 400% higher year-on-year as soaring demand drove expectations of extended supply deficits. Lithium is expected to trade at 484,185.00 by the end of this quarter. Earlier post.). Source: Statista.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. EVs cost an average of $9,406 per year (including the purchase price) to run compared to $7,952 annually for gas vehicles (including the purchase price). per year to run—a difference of $633.94

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Uranium Energy Corp completes acquisition of Uranium One Americas; largest uranium mining company in US

Green Car Congress

for a total purchase price of $112 million in cash together with an additional $2.9 Other highlights of the acquisition include the following: Largest US uranium mining company. Positions UEC, a US corporation headquartered in Texas, as the largest American uranium mining company. Uranium Energy Corp. Wyoming Hub and Spoke.

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Tesla slashes lease pricing on Model 3/Y, expects to lose half tax credit on 3

Electrek

Hot on the heels of a price drop that makes the Model 3 the cheapest Tesla yet , Tesla has also cut the base lease pricing for Model 3 and Y by $90/month and $100/month respectively. more… The post Tesla slashes lease pricing on Model 3/Y, expects to lose half tax credit on 3 appeared first on Electrek.