Mercedes puts a price on its EQB electric SUV. Toyota gets in the home energy storage business—albeit only in Japan, for now. And Ford’s CEO sees EVs as the spark for a big industry consolidation. This and more, here at Green Car Reports.
Is the auto industry headed for a big shakeout, and a price war over EVs? In a financial conference this week, Ford CEO Jim Farley explained how the company will need to change its ways. From simplified vehicles and direct-to-consumer sales, to more focus on aerodynamics, efficiency, and operating cost, the top Ford executive underscored that pivoting the business requires a comprehensive approach.
Toyota has revealed a home battery energy storage system that’s similar in concept to Tesla’s Powerwall. Although it has a storage capacity of just 8.7 kwh, the component set can potentially draw AC power from hybrids, PHEVs, or EVs to serve as…