EIB Funds €420m to Support Fully Electric Volvo Car Range
The European Investment Bank (EIB) has announced it has signed a €420m financing agreement with Volvo Car Corporation to help create a fully electric Volvo car platform. The sizeable loan agreement will support Volvo in its vision to become an…
Honda Considers US$14 Billion Plan for EV Production in Canada
Honda Motor Co is considering building an electric vehicle plant in Canada in a near ¥2 trillion (US$13.83 billion) project that could possibly include in-house production of batteries, Japan’s Nikkei news group reported on Sunday (Jan 7). The project could…
Italy Mulls a $1 Billion Incentive Plan to Boost Electric Vehicle Sales
Italy is mulling a plan worth $ 1 bilion to boost electric vehicle sales in the country. The European country is reportedly planning to launch an incentive program, under which it aims to replacethe country’s ageing internal combustion engine-propelled vehicle…
EV startup Fisker Struggling to Meet Internal Sales Goals, Documents Show
Fisker remains far from meeting CEO and founder Henrik Fisker’s publicly stated goal of delivering 300 electric SUVs per day globally. The EV startup spent much of December aiming to meet an internal sales goal of between 100 and 200…
Triangle EV Charging Company Anticipates Electric Vehicle Boom
Sahas Ramananandan is Team Tesla, “I’ve done 130 plus thousand miles in some of the cars and no maintenance other than tires,” he said. The Morrisville native has several electric vehicles that he rents out and said he believes it’s…
Blue Bird Delivers First Electric School Bus Fleet to Carter County Schools in Kentucky
Blue Bird Corporation, the leader in electric and low-emission school buses, is supplying 23 electric school buses to Carter County Schools (CCS) in Kentucky. The zero-emission vehicles mark a new era of clean student transportation for the school district. CCS…
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…