Volkswagen Group’s Electric Car Order Bank Shrunk By 50% In Europe
The Volkswagen Group experiences lower-than-expected demand and sales of electric cars, but intends to maintain its pricing to prioritize margins and profitability.In the nine-month financial report, the company revealed that its order bank in Western Europe includes 1.4 million vehicles,…
Vietnam’s Vinfast Committed to Selling EVs to US Despite Challenges, Intense Competition
Vietnamese automaker Vinfast plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere. So far, that gamble has yet to pay off. Its CEO…
Ohio EPA Awards $3.2M in Grants for EV, Equipment Upgrades
Ohio EPA is awarding more than $3.2 million to seven organizations to replace aging diesel-powered vehicles and equipment with new electric vehicles and equipment. Ohio EPA estimates that these upgrades will greatly reduce annual emissions across Ohio, including those pollutants…
These Space-saving Public EV Chargers Are Ridiculously Fast And Rolling Out Now
If you’re an urban-dwelling electric vehicle owner, your public charging options are often limited to slow AC chargers found in tight parking spaces that are too small for typical DC fast chargers. Now Gravity, the company that started an EV…
Delay EU Tariffs To Help Sales of Electric Cars, Says UK Car Industry
The UK car industry has said incoming tariffs between the UK and the EU could raise the price of imported electric cars by as much as £3,400 unless a solution is found by the end of the year. The Brexit…
POSCO Int’l Completes Mexico EV Motor Core Plant For N.American Market
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., concluded construction on an electric vehicle motor core plant in Mexico with a plan for another factory there as the group is seeking a…
EU-made EVs Would Cost $4,100 More In UK Under Post-Brexit Rules
If Britain and the EU fail to postpone post-Brexit trade rules dictating local content in electric vehicles traded between the bloc and the UK, average EU-made car prices will rise 3,400 pounds ($4,134) in January, a trade group said on…
US Inflation Reduction Act Boosts EV Sales: Tesla up 62%, Volkswagen up 42%
The U.S. Inflation Reduction Act (IRA) has been found to significantly impact the sales volumes of automobile manufacturers in the global electric vehicle (EV) market, excluding China. According to a study by the energy market research firm SNE Research, the…
U.S. Steel Starts Up New Electrical Line For EV At Big River Steel
U.S. Steel has started up a new, non-grain oriented electrical steel line for electric vehicles at its Big River Steel mill in Arkansas.The Pittsburgh-based steelmaker, one of the Region’s largest employers, now can make more NGO electrical steel in the…
LG Energy Solution Invests $3B In US Battery Manufacturing Expansion
The battery supply deal is part of Toyota’s push to produce 3.5 million battery EVs a year by 2030. To support the push, the automaker announced plans last month to triple its annual EV production target to 600,000 vehicles in…
