WEX Venture Capital Seeks To Invest Up To $100M To Help Advance EV Fleet Transition
WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Board of Directors has authorized a new investment arm of WEX, WEX Venture Capital, to invest up to $100 million through the…
Ford Beats Second Quarter Expectations With $1.9B Net Income Despite EV Costs
Ford Motor Co. beat Wall Street expectations with its second quarter earnings report released Thursday, increasing revenue 12% to $45 billion from the same period in 2022; a net income of $1.9 billion, and adjusted earnings before interest and taxes…
Hyundai Motor Eyes EV Charger Alliance in US To Take On Tesla
South Korea’s Hyundai Motor Co. and Kia Corp. are planning to join BMW, General Motors, Honda Motor, Mercedes-Benz and Stellantis to collectively invest at least $1 billion and build thousands of electric vehicle chargers in the US, the Wall Street Journal reported on Wednesday. The…
Nissan Global EV Sales Surpass 1-Million-Unit Milestone
Nissan Motor Co., Ltd. announces today that global sales of its electric vehicles have surpassed the 1 million unit milestone, with almost one third of which have been to European customers. Since its launch in December 2010, the Nissan LEAF…
How The Inflation Reduction Act Is A Victory For U.S. EV Battery Manufacturers
The Inflation Reduction Act (IRA) is a landmark legislation that will spur domestic clean energy investment over the next few decades. This effort is crucial as the U.S. works to electrify its most polluting industries and advance them into more sustainable solutions….
New Electric Vehicle Charging Network Being Built By Major Automakers Could Lure More Buyers To EVs
The announcement Wednesday that seven major automakers are joining to build a large North American electric vehicle charging network should pull people off the sidelines to at least consider shifting away from gas-powered vehicles. That’s how auto industry analysts see…
EU Passes Law To Put Fast EV Chargers On Highways By End Of 2025
EU Passes Law to Put Fast EV Chargers , on Highways by End of 2025. The Council of the EU is attempting to make it easier for electric vehicle (EV) owners to get around Europe, while also helping to fight…
Honda’s Little Electric Car To Die Because People Want SUVs
The retro Honda E electric hatchback won’t be replaced as the Japanese brand instead focuses on electric SUVs. That’s the word from Rebecca Adamson, Head of Automobile at Honda Cars UK, who told Autocar the brand is following market demand. “There won’t be more…
US & Europe Propel EV Battery Demand in Uncertain Times
In an ever-changing automotive industry, the widespread adoption of electric vehicles (EVs) is expected to fuel a significant increase in the demand for batteries, particularly in the United States and Europe. As governments actively support the growth of EV sales…
GM Is Making A New Chevy Bolt EV With An Ultium Battery
General Motors announced today that it’s developing a next-generation Chevrolet Bolt based on the automaker’s Ultium battery and drive technology to deliver “great affordability, range and technology.” It’s following three electric vehicles Chevrolet is already scheduled to launch this year:…
