Uber has teamed with carmaker Rivian to boost both companies’ autonomous vehicle efforts. The two companies expect to deploy 10,000 fully autonomous R2 robotaxis in the first phase of that effort, Rivian said in its announcement Thursday (March 19). The initial deployments are set to...
Carvana has reported that electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) made up 9% of total vehicles sold in Q2 2025, up from just over 2% in Q2 2023. The figure, detailed in Carvana’s EV Trends Report, marks a fourfold increase in two...
Swedish electric vehicle brand Polestar has gained a $200 million equity investment from PSD Investment, which is an existing investor and is controlled by Geely Holding Group Founder and Chairman Shufu Li. “Polestar intends to use the proceeds from the equity investment for working capital requirements and general corporate...
WEX has added a feature that enables fleets with electric vehicles (EVs) to use the WEX Fleet Card at private chargers. With the addition of this feature, WEX EV Depot, WEX now offers an EV charging and payment solution that encompasses depot, public and at-home charging...
April 11, 2025
In a sector caught between regulatory pressure and technological disruption, fleet and mobility companies are redefining how they manage working capital. According to the newly released “2024-2025 Growth Corporates Working Capital Index: Industry Factbook,” published by PYMNTS Intelligence in collaboration with Visa, fleet and mobility businesses are leveraging working capital solutions not only to weather […]
September 30, 2024
Electric vehicles (EVs) represent a new paradigm of connected experience. The ongoing transformation in the automotive industry is more than just a transition from gasoline to electricity — it’s evolving...
July 05, 2024
As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the...
April 02, 2026
Tesla’s months of promoting more affordable vehicles have reportedly not yielded more sales. As TechCrunch noted in a report Thursday (April 2), Elon Musk’s electric vehicle (EV) company last year debuted scaled-back versions of its Model Y and Model 3 starting at $39,990 and $36,990 respectively. However, the company’s first-quarter sales figures show that Tesla delivered 358,023 EVs worldwide […]
March 19, 2026
Uber has teamed with carmaker Rivian to boost both companies’ autonomous vehicle efforts. The two companies expect to deploy 10,000 fully autonomous R2 robotaxis in the first phase of that...
August 06, 2025
Carvana has reported that electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) made up 9% of total vehicles sold in Q2 2025, up from just over 2% in Q2...
June 20, 2025
Swedish electric vehicle brand Polestar has gained a $200 million equity investment from PSD Investment, which is an existing investor and is controlled by Geely Holding Group Founder and Chairman Shufu Li. “Polestar intends...