With a substantial number of new electric vehicles in the works, General Motor's first chief sustainability officer says automakers are hoping consumers embrace the new technology in the same way early drivers switched from horses and buggies to motorized vehicles.
Dane Parker noted that the first cars were more convenient, quieter, and "better in every other way" than the old way of getting around. He expects those benefits to also drive people today to eco-friendly vehicles.
"I think we're going to see the same with electric vehicles as we enter this 100-year period," Dane Parker, said.
Although, as GM just announced its new all-electric Hummer, the company may hope adoption comes sooner than that.
Parker's optimism rests, in part, on a conviction that electric vehicles outperform conventional ones.
"They will be desirable in all other types of ways," he said.
In order to convince drivers to try EVs, Parker said the vehicles will need to solve the three concerns most frequently cited by GM customers: cost, range, and charging locations.
"We're addressing all three of those and pretty aggressively, and we're optimistic in the near future none of those are going to be barriers," he said.
Parker's role as the chief sustainability officer includes engaging with employees as well as dealing with the nuts and bolts of the vehicles. "Ultimately we think every employee can make an impact in their own lives as well as what we do as a business."
"As we look to the next 10 years, I think we'll see aggressive adoption of electric vehicles as those barriers come down," he said.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Federal Trade Commission has launched an inquiry into several social media and artificial intelligence companies about the potential harms to children and teenagers who use their AI chatbots as companions.
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
Ali Kashani, CEO of Serve Robotics, dives into their $63.3M acquisition of Vayu Robotics and how it's accelerating the future of autonomous delivery systems.
