EV Update Media | USA & Europe – Electric Vehicles and Battery Industry News & Updates

A Global platform specially designed & developed to keep the industry updated with the right Knowledge, News and Information about developments happening in the Electric Vehicles & Battery sector

America

Exxon Makes Foray Into EV Battery Minerals

Oil giant ExxonMobil is making a foray into electric vehicle batteries, saying it will extract lithium from water in Arkansas. The $100 million Exxon reportedly put into leasing the area where it plans to get the lithium is miniscule, however,…

Canoo Delivering First Made in Oklahoma Electric Vehicles to State Government

Canoo Inc. (Nasdaq: GOEV), a leading high-tech mobility company, today announced delivering its first Made in Oklahoma electric vehicles to the state of Oklahoma. This is a milestone that marks the start of Canoo’s phased-ramp manufacturing in Oklahoma and its…

EV Batteries Need Nickel, And Indonesia has the Biggest Reserves. Now it Wants a Partnership with U.S.

The United States and Indonesia on Monday will discuss how to advance a potential minerals partnership aimed a stimulating trade of the electric vehicle (EV) battery metal nickel, according to three people with direct knowledge of the conversations. Next steps…

America’s Largest Pension Raised Bets on EV Stocks

America’s largest public pension by assets has rejiggered its tech investments, bulking up an already large bet on electric vehicles. California Public Employees’ Retirement System increased investments in EV makers Tesla TSLA2.22% (ticker: TSLA) and Rivian Automotive RIVN0.46% (RIVN), bought…

GOACC Lunch and Learn Focuses on Electric Car Charging

Plugging Into NY’s Future: EV Ownership & Charging Installation Incentives Explained” is the topic for the Lunch and Learn that will be offered as a webinar and in the Greater Olean Area Chamber of Commerce office, 301 N. Union St.,…

VinFast Plans U.S. Dealer Network with 125 Sales Points in First Phase

VinFast Auto Ltd. (the “Company” or “VinFast”) (NASDAQ: VFS) today at Electrify Expo 2023, announced its aggressive plans for expansion across the U.S. with more than 70 dealer applications in hand. Updates on dealer agreements are expected to be announced…

Switzerland Pulls the Plug on Tax Breaks for EVs

The Swiss Federal Council announced the news yesterday, stating that it is pulling the plug on the country’s 4% import duty exemption, with the decision going into effect on January 1, 2024. Although the exemption has been in place in…

Volkswagen Aims to Bring Under-$35,000 EV to US in 3-4 years-VW Executive

Volkswagen aims to bring an under-$35,000 electric vehicle to the U.S. market in 3-4 years, a senior VW executive said on Thursday. Speaking at the Reuters Events Automotive USA 2023 conference in Detroit, VW plans to build the under-$35,000 EV…

EV Charging Stations Market Size Worth USD 299.58 Billion by 2032

The global Electric Vehicle (EV) charging stations market size reached USD 21.40 Billion in 2022 and is expected to register a revenue CAGR of 30.3% during the forecast period, according to latest analysis by Emergen Research. Increasing purchase of electronic…

New Made-in-America Magnet Could Make Cheaper, Greener EV Motors

Did you know GM invented the domestic, affordable permanent magnet? Before this neodymium-iron-boron magnet came along in 1984, electric motors, generators, audio speakers, hard-disk drives, and the like had to make do with pricey samarium-cobalt magnets. Now 90 percent of…