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…
EVs and Hydrogen Set to Propel Europe’s Power Demand by 30% by 2035
Electric vehicles, renewable hydrogen and emerging technologies are poised to drive a 30% surge in European power demand by 2035. That’s according to a report from LSEG Power Research, which predicts that the electric vehicle sector will emerge as a…
VinFast Plans U.S. Dealer Network with 125 Sales Points in First Phase
VinFast Auto Ltd. (the “Company” or “VinFast”) (NASDAQ: VFS) today at Electrify Expo 2023, announced its aggressive plans for expansion across the U.S. with more than 70 dealer applications in hand. Updates on dealer agreements are expected to be announced…
Europe Must Democratise the Electric Car for the 80%
William Todts is the executive director of the clean mobility NGO Transport & Environment. Monique Goyens is the director general of BEUC, the European consumer organisation. Less than a month ago, Executive Vice-President Šefčovič and Commissioner Wopke Hoekstra committed to…
