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

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Sodium Ion Battery Materials for Electric Vehicles Market Size Current and Future Industry Trends, 2023-2029

Sodium Ion Battery Materials for Electric Vehicles Market 2023 Opportunities and Growth -According to new survey on Sodium Ion Battery Materials for Electric Vehicles Market Research Report 2023 to 2029, a cornerstone of countless sectors, is primed for a new…

US Electric Vehicle Sales to Hit Record in ’23

Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U.S. this year. That will be up from 7.3% of new car sales in 2022.It will be the first time more than 1 million…

New Car Sales in EU up by 14.6% as EVs Record 36% Growth

New car sales in the European Union climbed 14.6% in October, with a significant uptick in fully electric car sales contributing to the surge. Hybrid electric vehicles constituted nearly 30% of total vehicles sold in the economic bloc. The European…

U.S. To Expand Domestic Battery Processing Facilities With $3.5 Billion Investment

The Inflation Reduction Act and the Bipartisan Infrastructure Law have collectively infused billions of dollars into the electric vehicle industry in the United States.The IRA has enabled consumer incentives such as the $7,500 tax credit, while provisions in both policies…

EV Charging Company ChargePoint Plunges as Sales sag, Executives Replaced

ChargePoint Holdings Inc. shares plummeted in early trading after the company posted disappointing quarterly revenue and swapped out two of its top executives.The electric-vehicle charging company said revenue slumped to between $108 million and $113 million for the quarter that…

Volkswagen’s Largest EV Plant Slows Down Again Due To Weak Demand

The situation at the Volkswagen Group’s largest electric car factory in Zwickau, Germany appears to be worsening. After numerous reports of demand issues earlier this year, Volkswagen cancelled the third shift on production line number 1, which is responsible for…

LG ELECTRONICS TO ENTER U.S. EV CHARGING MARKET WITH LINE OF OWNER-OPERATED AC AND DC CHARGERS

Global innovator LG Electronics will enter the rapidly growing U.S. electric vehicle charger market in 2024 with the introduction of its first line of AC and DC powered EV charging stations. According to LG Business Solutions USA’s Senior Vice President…

The Electrification of Vehicles in America is Occurring Rapidly in Bus Fleets

The effort to electrify vehicles is a growing trend sweeping through America. The task is expensive enough to keep it from ever being quick. Still, funding is available from numerous sources and the commitment to accomplish what would once have…

EV Batteries Need Nickel, And Indonesia has the Biggest Reserves. Now it Wants a Partnership with U.S.

The United States and Indonesia on Monday will discuss how to advance a potential minerals partnership aimed a stimulating trade of the electric vehicle (EV) battery metal nickel, according to three people with direct knowledge of the conversations. Next steps…

America’s Largest Pension Raised Bets on EV Stocks

America’s largest public pension by assets has rejiggered its tech investments, bulking up an already large bet on electric vehicles. California Public Employees’ Retirement System increased investments in EV makers Tesla TSLA2.22% (ticker: TSLA) and Rivian Automotive RIVN0.46% (RIVN), bought…