EV Euphoria is Dead. Automakers are Scaling Back or Delaying Their EV Plans
The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted…
EnergyHub & Toyota Collaborate to Support the Electrical Grid and Improve EV Ownership Experience
EnergyHub announces that they are collaborating with Toyota Motor North America (Toyota) to improve the electric vehicle (EV) ownership experience. A direct integration with EnergyHub’s platform enables Toyota and Lexus drivers to take advantage of certain utility programs designed to…
Renault Expects to Close Electric Van JV With Volvo Trucks Within Weeks
Renault Group expects the closing of its joint venture in electric vans with truckmaker Volvo Group and the French shipping group CMA CGM to happen by the beginning of April, a spokeswoman said. Renault and Volvo signed binding agreements last…
U.S. Electric Vehicle Investments Have Grown to $188 Billion, Almost 200,000 Jobs
A year and a half after the passage of the Inflation Reduction Act (IRA) accelerated the U.S. markets for electric vehicle and battery manufacturing, a new report by Environmental Defense Fund and WSP USA finds continued strong growth. The report,…
ChargePoint CEO Expects More EV Stations as Use And EV Sales Keep Growing
Sales growth of electric vehicles in the U.S. has started to slow, and polls show it’s due in part to anxiety over running out of battery power and too few charging stations. But Rick Wilmer, the new CEO of ChargePoint,…
Shares of China’s Xiaomi Jump on News of its First EV Launch
Shares of Xiaomi jumped 12% on Tuesday after the company said it would start deliveries of its first electric vehicle (EV) this month.The tech giant, which is China’s fifth largest maker of smartphones, is venturing into the world’s top auto…
VW is Getting Into The EV Battery Business
With supply chains still in disarray and the war in Ukraine wreaking havoc on EV battery component commodity prices, many forward-thinking automakers are scrambling to secure not only stocks of the valuable metals like cobalt, lithium and nickel that go…
Honda’s First Electric SUV Qualifies for Full EV Tax Credit
Most people who buy Honda’s first-ever electric SUV will be able to take advantage of the full $7,500 EV tax credit offered by the U.S. government. “The federal tax credit applies to the purchase of all 2024 Prologues built after…
General Motors to Resume Electric Blazer Sales
General Motors said Friday that it is resuming sales of its electric Chevrolet Blazer after software issues forced the automaker to halt sales in December. The problems, which centered on the functionality of its touchscreen interface and fast-charging capabilities, were…
Automaker Rivian Pauses Construction of Its $5 Billion Electric Truck Plant in Georgia
The CEO of Rivian Automotive announced Thursday that the electric truck maker is pausing construction of its $5 billion manufacturing plant in Georgia to speed production and save money. California-based Rivian had planned to start building its new R2 midsize…
