US Offers $710 Million in Loans for EV Technology Projects
The U.S. Energy Department said on Thursday it gave preliminary approval for nearly $710 million in loans to electric vehicle (EV) technology manufacturing ventures, although the Biden administration still has $221.8 billion in loan capacity to fund clean-energy projects. Jigar…
Toyota to Build Electric SUV at Kentucky Plant with $1.3 Billion Investment
Toyota has announced plans to invest $1.3 billion in its Kentucky facility to build a three-row electric SUV for the U.S. market. The new investments are part of the automaker’s efforts to implement an electric vehicle production line at the…
Southfield-based EV Project to Receive $60M Federal Grant
A Southfield-based electric vehicle project is receiving a $60 million grant from the U.S. Department of Energy. The project — by the U.S. Advanced Battery Consortium — will use the funds primarily for research and development of electric vehicle batteries,…
Mars Puts 300 Electric Trucks on The Road in Europe
Specifically, Mars has started electrifying its transport route between the Pet Nutrition factory and office location in Verden (Lower Saxony) and its logistics centre in Minden (North Rhine-Westphalia). Einride provided Mars with two Mercedes-Benz eActros 300s and two charging stations…
CALIFORNIA INVESTING IN EV CHARGING RELIABILITY STATEWIDE WITH $63 MILLION IN FEDERAL FUNDING
In a boost for electric vehicle reliability, the U.S. Department of Transportation has awarded Caltrans more than $63 million in federal funds to fix and install more than 1,000 chargers at 300 sites statewide. The $63.7 million from the federal…
U.S. to Invest $325 million Into EV Charger Reliability And Lowering Costs
The U.S. Departments of Transportation and Energy have announced $325 million in new investments going toward improving electric vehicle (EV) charger reliability and cutting costs in the industry. In a press release shared on Friday, the White House announced three…
PGGM Infrastructure Fund Joins EV Charging Firm Electra as Largest Shareholder
An open-ended fund managed by the infrastructure arm of Dutch pension fund asset manager PGGM has become the largest shareholder in Electra, an operator of electric vehicle (EV) charging infrastructure in Europe. The PGGM Infrastructure Fund, which targets investments in OECD countries,…
Stellantis Invests in More Affordable EV Battery Technology
Stellantis, the parent company of Ram, Jeep, Dodge and Chrysler is trying to make EV batteries, like the one to power the 2025 Ram 1500 REV, more affordable and sustainable in the long run. Stellantis is investing in a French…
Biden Launches $623 Million Grant Program for Electric Vehicle Charging
The Biden administration and U.S. Department of Transportation announced a new investment in the country’s push for greater electric vehicle adoption and usage, pledging $623 million in EV charging station grants intended to build out community charging networks around the…
GoBolt Makes the EV Investment
By any measure, it was an ambitious goal for the time. “When we started GoBolt in 2017, we chose to chart a course with sustainability at the forefront,” said GoBolt Co-Founder and CEO Mark Ang. “Instead of going the traditional…
