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Who is Spending $50,000 Just to Reserve a Tesla Roadster? We Have An Answer

Business owners and collectors are locking up as much as $250,000 on a car with no confirmed price or delivery date Dropping $50,000 to reserve a driverless Tesla you cannot drive yet, at a price nobody has confirmed, for delivery at a date Tesla will not guarantee, takes a particular kind of buyer. After Tesla’s prototype briefly left a ramp, rotated in midair using compressed-gas thrusters, and landed in October 2026, a few more of those buyers stepped forward, as reported by WIRED. WIRED identified who some of them are. The answer is not who you might expect. The people placing five- and six-figure reservations are business owners and collectors, not ordinary early adopters. Travis Cook is a Utah-based technology founder who holds a dealer’s license and buys and sells unusual performance vehicles, per WIRED. He maintained a base-model reservation for nearly a decade. He then upgraded…

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Volkswagen’s smartest EVs are launching in China while the US and Europe wait

Volkswagen’s newest EVs in China are making its American and European models look unusually conservative. With Xpeng’s help, VW has introduced 800-volt charging and advanced urban driving assistance. The new VEGA technology package brings its locally developed vehicle platforms and CEA electronic architecture under one umbrella. Bloomberg reports that Volkswagen intends to update VEGA every three months. Western buyers can find pieces of that package, but not the whole thing in a Volkswagen. China has become a core EV development hub for VW alongside its long-standing role as a major manufacturing and sales market. The ID. UNYX 08 shows how much the pecking order has changed. Co-developed with Xpeng in only 24 months, it’s the first Volkswagen-brand EV worldwide to use an 800-volt silicon-carbide platform. Its standard Xpeng VLA driver-assistance system provides 1,500 TOPS of computing…

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More in Models and Releases

Democrats Introduce Bill to Bring Back and Double U.S. EV Tax Credits

A US lawmaker has introduced legislation that would not only bring back the U.S. federal electric vehicle tax credit, it would also double it to US$15,000. According to H.R. 10881, known as the 21st Century Vehicle Choice Act, Democratic Representative Greg Landsman of Ohio introduced the proposal on Thursday. More than 160 House Democrats support the bill, although the Congress.gov record does not yet list any cosponsors. The legislation would increase both components of the new clean vehicle credit from US$3,750 to US$7,500, doubling the maximum incentive from US$7,500 (C$10,529) to US$15,000. However, buyers would only be eligible to claim the new vehicle credit once, and the legislation would also lower the existing income limits. For married couples filing jointly, the income cap would fall from US$300,000 to US$225,000 (C$315,855), while the limit for single filers would drop from…

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More in Electric and Future

Explanation of Automobile Tax and Light Motor Vehicle Tax for Passenger Cars

If you own a car, you will have to pay 'Automobile Tax (Light Motor Vehicle Tax)' every year. The tax amount varies depending on the car's engine displacement and the date of its initial registration, and payment methods also vary by local government. In this article, we will clearly explain the points that car owners need to know, from the mechanisms of Automobile Tax and Light Motor Vehicle Tax to tax amounts, payment deadlines, payment methods, what happens if you fall into arrears, and refunds when scrapping or selling a car. Automobile Tax and Light Motor Vehicle Tax are taxes levied on car owners as of April 1st each year. The tax on standard passenger cars is officially called 'Automobile Tax (Classification Rate),' and the tax on light motor vehicles is called 'Light Motor Vehicle Tax (Classification Rate).' The Automobile Tax (Classification Rate) is determined mainly by total…

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