Author: EVAI
Solera Auto Finance bought by managers, Obra Capital; now called Arra Finance
Solera Auto Finance’s leadership has purchased the lender in a management buyout with partner Obra Capital and renamed the company Arra Finance. It will write subprime auto loans at new- and used-car dealerships.
Acura Performance EV concept revealed in Monterey
Acura on Thursday unveiled a striking SUV concept that previews the next electric vehicle it has in the pipeline.
The new Performance EV concept was unveiled at 2024 Monterey Car Week currently underway in California, and previews a vehicle due to enter production in late 2025 at parent company Honda’s sprawling Marysville Auto Plant in Ohio.
The batteries will also be sourced from the site which is being revamped for EV production. Honda already refers to the site as the Honda EV Hub.
Acura’s Performance EV concept is a fastback crossover whose striking lines will likely be toned down for production. However, many of the design themes will make their way onto future Acuras, the brand’s chief creative officer, Dave Marek, said in a statement.
Acura Performance EV concept
The concept’s technology will also make it into more Acuras, as well as many Hondas and likely even models from the new Afeela brand established between Honda and Sony. Underpinning the concept is a dedicated EV platform developed in-house by Honda and targeted to deliver 300 or more miles of range as measured by the EPA.
The platform is unrelated to General Motors’ Ultium EV platform and battery technology, used by the current Acura ZDX and Honda Prologue. The platform will feature an electric and electronic (E&E) architecture that will utilize Honda’s own vehicle operating system and in-vehicle software, including a new generation of user interface and digital services, the automaker has previously said.
The first Honda vehicle to ride on the platform is expected to be a member of the 0 Series family of EVs announced in January at 2024 CES. The first 0 Series EV has been confirmed by Honda to be a U.S.-built model starting sales in 2026, and possibly inspired by the Saloon that Honda presented when announcing the 0 Series.
Polestar 3 electric SUV starts production in US
After some delay, the Polestar 3 electric midsize SUV has started production at Volvo’s plant near Charleston, South Carolina, paving the way for the start of customer deliveries in the U.S. shortly. It joins the related Volvo EX90 which has been in production at the plant since June.
U.S.-built Polestar 3s will be sold locally, as well as in Europe. Polestar 3 production is also handled at Volvo’s plant in Chengdu, China, where the first examples rolled off the line in February.
Production was meant to start in Chengdu in the fourth quarter of 2023 but was put on hold due to software-related issues. The same issues also led to delays in the start of production of the 2025 EX90. Recall, both SUVs were shown as early as the fall of 2022.
Both SUVs are based on Volvo’s SPA2 platform developed from the onset for EVs. The Polestar only comes with two rows whereas the Volvo has a third row.
2025 Polestar 3 Performance Pack, test drive, Madrid
In the U.S., the Polestar 3 comes with a dual-motor electric powertrain delivering 489 hp as standard and 517 hp with an available Performance Pack. Owners can expect 0-60 mph acceleration of 4.9 seconds as standard and 4.6 seconds with the Performance Pack. The top speed is 130 mph in both configurations.
The sole battery is a 111-kwh unit that Polestar estimates will deliver up to 315 miles of EPA-rated range.
2025 Polestar 3 Performance Pack, test drive, Madrid
Order books for the Polestar 3 are already open and pricing in the U.S. starts at $74,800, including a $1,400 destination charge.
Polestar also has the 4 compact crossover in production in China, though to avoid steep tariffs bringing the vehicle into the U.S., Polestar plans to start production in South Korea around the middle of 2025. A free-trade agreement means the Korean-built Polestar 4s won’t be affected by any tariffs.
Tom Petty’s 1965 Ford Mustang headed to auction
It’s time to move on for much of rock ‘n’ roller Tom Petty’s personal collection, including his 1965 Ford Mustang. The Rangoon Red convertible will be auctioned off on Friday during Monterey Car Week along with a variety of his personal items. Petty died in October of 2017 at the age of 66. According to the auction listing, Petty owned the Mustang…
2025 Mazda CX-30
What kind of vehicle is the 2025 Mazda CX-30? What does it compare to? The 2025 Mazda CX-30 is a subcompact crossover SUV with some sporty character. Compare it to everything from the Hyundai Kona and Kia Seltos to the Volvo XC40. Is the 2025 Mazda CX-30 a good SUV? While it’s not our top-rated small SUV, the CX-30 has polished handling and…
GM sued for selling info of 16 million drivers to insurance companies
General Motors has been sued by the state of Texas for allegedly selling detailed driving records to insurance companies at a profit, the New York Times reported on Tuesday. Using its OnStar telematics system, GM gathered the data of 16 million drivers and sold it to car insurers, resulting in skyrocketing insurance premiums or dropped coverage…
JD Power: Charging satisfaction is on the rise
- DC fast-charging usage has improved, according to Power
- Ease of charging and payment acceptance were the biggest differentiator between Tesla’s network and others
- Some 19% of those surveyed said they’d encountered inoperable chargers
Customer satisfaction with public EV charging continues to improve, with Tesla remaining on top, according to a new J.D. Power study.
While issues remain, J.D. Power found improvements over the first two quarters of 2024. Satisfaction with DC fast charging increased to 664 points on a 1,000-point scale, a 10-point increase from the same period in 2023. Satisfaction with Level 2 AC charging saw a slight dip of three points, with a score of 614.
Among Level 2 users, satisfaction improved in five of the 10 factors that comprise those rankings, though, and DC fast charging saw satisfaction improve in six of those 10 areas. One sticking point with AC charging was speed, where satisfaction with Level 2 chargers dropped four points, to 451. Satisfaction with DC fast-charging speed increased from 588 points in 2023 to 622 points in 2024.
GM and Pilot Company’s EV charging network
While another J.D. Power study published in June indicated the Tesla Supercharger network was losing its edge, it remained the highest-ranked DC fast-charging network for the fourth year in a row. The Tesla Destination network was also the highest-ranked Level 2 network.
The biggest gaps between Tesla and non-Tesla charging experiences were payment and ease of charging, according to J.D. Power. Tesla lists customers start charging quickly via automatic payments, which study data showed is particularly important to EV drivers, but other automakers and charging networks have been slower to implement equivalent automatic payment systems like Plug & Charge.
The fact that some owners of non-Tesla EVs can now access the Tesla Supercharger network thanks to automakers’ adoption of the North American Charging Standard (NACS) may be a factor in the increase in overall satisfaction with charging, J.D. Power says. But consistent reliability gains will likely depend on guaranteed interoperability between vehicles and charging stations as well.
Gravity EV charging center in New York City
And reliability is still an issue, according to J.D. Power. Of EV owners surveyed for this study, 19% reported visiting a charging station and not being able to charge their vehicle. That’s not exactly an improvement from a previous J.D. Power study from 2023, which found that one in five charging attempts fails.
The main culprit was inoperable chargers, which affected 61% of failed charging attempts. Lack of chargers and/or long wait times (20%) and damaged cables or connectors (10%) were also factors. EVgo has announced a program of improvements and better diagnostics to address this, but it seems there is a long way to go.
EVgo aims to improve charging reliability
EVgo is looking to tackle the issue of charging reliability with upgraded hardware and more extensive diagnostics.
In a press release, EVgo said it was making progress in bringing its public chargers up to date. Since 2022, the company says it has upgraded, replaced, or decommissioned older equipment at more than 500 charging spots in over 20 states. It plans to do the same at over 150 charging spots in 2024.
EVgo also hopes to increase the number of 350-kw charging stations on its network by 115% this year, and claims to have increased the number of sites capable of charging at least six vehicles by over 80% compared to last year. The company is now looking to develop more 10-vehicle sites.
EVgo charging stations
When chargers break, EVgo claims to have reduced repair times by 67% since the first quarter of 2023. New software that detects when the signal from a charge cable is lost—a likely indicator of a problem—helps identify issues more quickly, according to the company.
EVgo has also deployed a new diagnostic software tool and says it has done extensive interoperability testing on more than 70 EV models, including passenger cars, motorcycles, and light- and heavy-duty trucks. While the mass adoption of the Tesla North American Charging Standard (NACS) and greater access to the automaker’s Supercharger network is expected to provide greater reliability to more EV drivers, interoperability may be where the real gains can be found.
GM and Pilot Company’s EV charging network
EVgo currently lists over 1,000 DC fast-charging locations across more than 35 states. The company in 2021 paired with General Motors to step up fast charging in urban areas, and in 2022 announced a second collaboration with GM to install up to 500 350-kw DC fast chargers at Pilot and Flying J travel centers.
Improved reliability will help EVgo stay competitive with new charging projects like Ionna, an EV charging network backed by seven automakers to plans to establish a minimum of 30,000 high-power fast chargers in North America by 2030. The federal government is also taking a closer look at charger reliability as it doles out funding for a national EV charging network through the National Electric Vehicle Infrastructure (NEVI) program.