Ferrari unveiled its first electric car over the weekend, subsequently leaving the internet with mixed emotions. The Italian carmaker announced the launch of the Ferrari Luce, a $640,000 five seater, in a news release on Sunday, May 25.

The iconic car company Ferrari has unveiled the Luce, its first all-electric vehicle, but the reported starting price is about $640,000.

Critics have compared the design to much-cheaper rides and bashed the brand for using tech to replicate the iconic engine growl.

California truckers have expressed strong interest in the Tesla Semi because it costs much less and can travel further on a charge than electric trucks sold by established manufacturers.

Engineers at the EVDC emphasized a key target: reducing platform complexity by as much as 30 percent compared to previous programs.

The RAV4 has never been the cheapest SUV on the market, but compared to one of its electric competitors, its maintenance can be especially steep.

A startup called Sigma Powertrain believes purpose-built multi-speed gearboxes can boost efficiency, reduce battery size and improve gradeability for heavy-duty battery-electric trucks.

The Electric Vehicle Finance market is booming with opportunities, driven by evolving financing models like battery leasing, government incentives, and innovative financial products. Key growth is expected in the consumer and commercial sectors,