Texas’s Hefty Registration Fees For Electric Vehicles
Earlier this month, Texas Governor Greg Abbott signed SB505 into law, implementing a $200 annual fee for electric vehicles registered in the state. It costs the average gas-powered car owner $50 to $54 in the state of Texas to register their vehicle annually. The…
Slow Fundraising Adds Urgency To PE’s Retail Push; European EV Investments Up
When TPG Inc. announced May 15 that it agreed to a $3 billion deal to acquire investment firm Angelo Gordon & Co. LP, the listed private equity firm touted the addition of a $55 billion credit business to its portfolio, increasing its…
VinFast Recalls First Batch Of EVs In US Over Dashboard Risk
Vietnamese electric vehicle (EV) maker VinFast said it is recalling the entire first batch of vehicles it shipped to the United States last year following a safety warning issued by US authorities. The move came after the US National Highway Traffic…
Hyundai CEO Reveals US EV Leases Are Climbing As Buyers Take Avantage Of IRA Tax Credit
Hyundai has been on a roll in the US as the automaker embraces the industry’s transition to electric vehicles. The automaker says EV leases are climbing as buyers take advantage of the tax credit provided by the Inflation Reduction Act (IRA). …
Hyundai, LG Announce $4.3 Billion Plant In Georgia For Electric Vehicle Batteries
Hyundai Motor Group and LG Energy Solution announced Thursday they will build a $4.3 billion electric battery plant as part of Hyundai’s new electric vehicle assembly plant in southeast Georgia. The companies will split the investment, starting production as soon as late…
ELECTRIC CITY BUS SALES OVERTAKE DIESEL IN EUROPE
For well over one hundred years, the internal combustion engine has reigned supreme over our roads. For one small but significant transport sector, the humble city bus, its reign has neared its end. The most recent quarterly sales data for…
Ford Signs Deal To Buy Lithium From Near Salton Sea For Electric-Vehicle Batteries
Ford Motor Company has signed a contract with EnergySource Minerals to obtain lithium hydroxide from its production facilities in Imperial County near the Salton Sea, expected to be fully operational in 2025. The announcement Wednesday by EnergySource didn’t give a…
EV Charging Lessons For South America
The United States has all of the necessary factors for EV charging growth, and the result has been rapid deployment. The legislation passed by the Biden administration, the commitment by U.S. auto manufacturers to transition to electric vehicles, and the…
Ford EVs Will Use Tesla’s Charging Plug Starting Next Year
Ford CEO Jim Farley and Tesla CEO Elon Musk announced that in early 2024 more than 12,000 Tesla Superchargers will be operational with Ford vehicles. Farley also announced that next-generation Ford vehicles would come equipped with the North American Charging Standard (NACS) port, Tesla’s…
Equipmake Showcases High-Power-Dense E-axle For Performance EV OEMs At Battery Show Europe
Equipmake, the UK developer and manufacturer of best-in-class electrification products for battery-electric vehicle drivetrains, is showcasing a compact, lightweight, high-power electric drive system for manufacturers of high-performance EVs at Battery Show Europe this week. Held between 23-25 May 2023 at…
