Clayco Nabs $5B Rivian EV Factory Project in Georgia
American automaker Rivian has selected Chicago-based construction firm Clayco to build its $5 billion EV manufacturing plant in Stanton Springs, Georgia, according to a company press release. The 1,800-acre complex will sit about 40 minutes from Atlanta, and will produce…
BYD, a Chinese Powerhouse in Electric Cars, Will Build a Plant in Hungary
Chinese automaker BYD said Friday that it plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion. Hungary will be the center for its European operations, BYD…
Buying an EV Just Got More Affordable
A change to the federal EV incentive that took effect Monday could widen access for low and middle-income buyers who want to go electric but have been excluded by high prices. The clean vehicle tax credit, which offers up to…
New US Rules on Chinese Batteries Could Push up Price of Electric Cars
The US government has announced new regulations that aim to keep Chinese batteries out of cars sold in the United States, a move that could push up the price of electric vehicles for American drivers. The Biden administration on Friday…
EU and UK Agree Rules of Origin Agreement to Avoid Tariffs on EVs
The UK Government has finalised a deal with the EU to extend trade rules on electric vehicles (EVs) until the end of 2026. This agreement will postpone ‘rules of origin’ requirements and the imposition of 10% tariffs on EVs. The…
Electric Vehicle (EV) Battery Market to Reach US$ 347 Billion by 2033
According to a recent analysis by Fact.MR, the global electric vehicle (EV) battery market is expected to undergo substantial growth at an impressive Compound Annual Growth Rate (CAGR) of 18.5%, reaching a valuation of US$ 347 billion by the conclusion…
List of Electric Car Models Eligible for $7,500 Tax Credit is Cut to 13
The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1. Narrower criteria reduced the number of qualifying models to 13 from about…
Hyundai Planning To Launch Entry-Level EV, Christened Ioniq 2
South Korean car giant Hyundai is set to disrupt the market with a game-changing affordable model – the Ioniq 2. This compact EV, positioned below the popular Ioniq 5 and Ioniq 6, aims to crack the code for accessible electric…
The year America’s EV Dreams Met Reality
For driving enthusiasts, electrification is a dirty word. But when it comes to decarbonizing the earth’s atmosphere, the ability to harness clean energy, and simplifying the production process for automobiles, it’s no surprise automakers and governments across the globe were…
Availability Of China’s Affordable Electric Vehicles Could Boost US Sales
On a recent driving holiday to Norway, I couldn’t help but notice the great number of electric vehicles on the road. Even more surprising was that I did not immediately recognize the maker of some of these vehicles. Because EVs…
