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

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Sentiment Towards Battery Electric Vehicles Falls in Europe, According to Car Buying Intentions Survey

Only 16% of Europeans planning to buy a car in the next year say they will opt for a Battery Electric Vehicle (BEV), according to the latest car buying intentions survey from Bloomberg Intelligence (BI), underscoring the ongoing challenges faced…

Northvolt to cut 20% of global staff, placing Europe’s EV battery-making ambitions at risk

Sweden’s Northvolt AB will shed 20 per cent of its global workforce and pause its expansion plans to slow cash outflows that have left the battery-making hopeful in a financial squeeze. The company, which has struggled in its mission to stand up…

County Awarded over $4.7M by USDOT for Equitable EV Charging Infrastructure

The U.S. Department of Transportation recently announced that Miami-Dade County is a recipient of $4,760,788 to expand community electric vehicle (EV) charging infrastructure throughout the county to support current and projected EV adoption. The funds were granted through the Federal…

EV Sales hit Speed Bump as Drivers Unplug from the Electric Dream

Registrations of battery electric vehicles (BEV) continue to fall in the European continent, as sales growth slows in the US and British manufacturing of the wheeled machines declines sharply. The EV revolution is showing early signs of running out of…

Global EV And PHEV Sales Jump 21% In July But Fall In Europe

It’s no secret that the growth of the EV sector cooled through the first few months of the year, but according to market research firm Rho Motion, they have rebounded strongly, and alongside PHEVs, sales jumped by 21% in July…

Share of Electric Cars in Portugal Above EU Average

More than 256.5 million passenger vehicles were on European Union (EU) roads in 2023, but only 4.48 million (1.7%) were 100% electric, according to Eurostat. In Portugal, there was a vehicle fleet of 5.9 million cars that year, of which…

US Automakers Pump the Brakes on EV Plans

Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already delayed the launch of the planned…

Greenland Technologies and Lonking Join Forces to Develop Heavy Electric Machinery for the U.S. Market Under the HEVI Brand

Greenland Technologies Holding Corporation (Nasdaq: GTEC) (“Greenland” or the “Company”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, and Lonking Holdings Limited (“Lonking”, Hong Kong Stock Market ticker 3339.hk), one…

Biden Administration Announces a $1.7 Billion Plan to Juice EVs in America

The White House on Thursday said it would hand out $1.7 billion to help convert closed-down or at-risk auto manufacturing and assembly facilities to make electric and hybrid vehicles. The funding comes as growth in new electric vehicle sales has…

Volvo’s U.S. PHEV Sales Outsold EVs By A Ratio Of 9 To 1 In Q2 2024

Volvo Cars USA reported that in June, its car sales in the U.S. decreased by 28% year-over-year to 9,304. The company explained that the results were impacted by “third-party IT-related disturbances that affected retailers across the industry.” Volvo’s plug-in car…