EVs: Page 29

  • U.S. flag reflects on the glass facade of the DOE.
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    Timothy Epple via Getty Images
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    Energy Department to release $2B in EV manufacturing grants

    The grant program will prioritize retooling plants that face closure and help automakers tackle the cost of electric vehicle production.

    By Megan Ruggles • June 30, 2023
  • Woman plugging electric charger into car.
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    SouthWorks via Getty Images
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    Consumer interest in purchasing EVs, hybrids climbs to 48% in the US: EY

    This year’s survey showed the largest increase in interest in electrified vehicles since the survey started publishing it in 2020.

    By • June 30, 2023
  • The Lordstown Motors Endurance electric pickup.
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    Courtesy of Lordstown Motors
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    Lordstown Motors receives Nasdaq delisting notice after filing for bankruptcy

    Trading for the electric truck startup’s stock will be suspended July 7.

    By • June 29, 2023
  • A gray and jungle green building surrounded by green landscape with ray of a sunrise shining over the area.
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    Courtesy of the BMW Group.

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    BMW breaks ground on $700M South Carolina battery assembly plant

    The factory is part of the German automaker’s $1.7 billion investment to produce fully electric vehicles.

    By • June 29, 2023
  • The all-electric Chrysler Airflow concept at the CES 2022 conference in Las Vegas.
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    Courtesy of Stellantis
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    Stellantis launches EV charging service in North America, Europe

    The automaker, which owns Alfa Romeo, Dodge, Jeep and Ram, is still evaluating whether to adopt Tesla’s proprietary plug design.

    By • June 28, 2023
  • Charging port on the Volvo C40 recharge SUV.
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    Courtesy of Volvo Cars
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    Volvo is latest automaker to adopt Tesla’s EV charging port

    The company joins General Motors, Ford and Rivian in switching to Tesla’s electric-vehicle charging plug.

    By • June 28, 2023
  • Lordstown Motors CEO Steve Burns standing next to the company's Endurance pickup.
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    Courtesy of Lordstown Motors
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    Lordstown Motors files for bankruptcy, sues investor Foxconn

    In November 2019, Lordstown Motors secured a $40 million loan from General Motors to purchase GM’s shuttered 6.2-million-square-foot Ohio assembly plant to build the electric Endurance pickup.

    By • June 27, 2023
  • GM electric vehicle with logo
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    Bill Pugliano via Getty Images
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    GM signs deal with Australian company for key battery materials

    The automaker will contribute an $85 million loan toward a new manganese sulfate plant.

    By Ben Unglesbee • June 27, 2023
  • A picture of Lucid's dual-motor EV drive unit
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    Courtesy of Lucid Group, Inc.
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    Lucid, Aston Martin sign $450M EV powertrain deal

    According to the terms of the deal, Lucid will also become a shareholder in the luxury sports car maker.

    By • June 26, 2023
  • Close up view of a black car air conditioner control unit, with blue marks on the left side for cold and red marks on the right side for hot.
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    jpgfactory for iStock via Getty Images
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    Hyundai’s Georgia supplier network expands to 9 manufacturers

    State officials expect more contract manufacturers to announce sites. The automaker is currently investing $5.5 billion in a Georgia-based EV manufacturing campus.

    By • June 26, 2023
  • An interior picture of the center console in the Tesla Model Y.
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    Courtesy of Tesla Inc.
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    New vehicle quality is getting worse. Blame technology, J.D. Power says.

    As automakers launch more high-tech vehicles, reported problems have reached a record high, according to J.D. Power’s 2023 Initial Quality Study.

    By • June 23, 2023
  • A sign on the U.S. Environmental Protection Agency building in Washington, D.C.
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    Gromit702/iStock/Getty Images Plus via Getty Images
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    EPA withdraws controversial EV credits from biofuels rule, potentially costing automakers billions

    The U.S. Environmental Protection Agency pulled the electric vehicle proposal because it was concerned the rule would face legal challenges.

    By • June 23, 2023
  • The Ford F-150 Lightning is displayed at the North America International Auto Show.
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    Bill Pugliano via Getty Images
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    Ford, SK On secure up to $9.2B in loans from DOE

    The loan will help finance construction of the companies’ three joint venture battery plants. 

    By Megan Ruggles • June 23, 2023
  • Pictured are Three sizes cylindrical batteries produced by Panasonic for electric vehicles.
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    Courtesy of Mazda Motor Corporation
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    Mazda, Panasonic discussing long-term EV battery deal

    If the companies reach an agreement, Panasonic will manufacture cylindrical lithium-ion batteries for Mazda in North America and Japan starting in 2025.

    By • June 22, 2023
  • Hyundai President and CEO Jaehoon Chang pictured during a presentation the automaker's 2023 CEO Investor Day event in Seoul.
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    Courtesy of Hyundai Motor
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    Hyundai to invest $85B in EVs by 2030

    The company also boosted its electric vehicle sales target to 2 million units annually by the end of the decade.

    By • June 22, 2023
  • Renault Group CEO Luca de Meo
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    Permission granted by Renault Group
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    Renault Group CEO Luca de Meo to lead EV-spinoff Ampere

    The subsidiary aims to lower EV costs by 40% per vehicle by 2027 and develop new battery technologies and software-defined vehicle architecture.

    By • June 21, 2023
  • A die is removed from a semiconductor during manufacturing.
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    SweetBunFactory/iStock/Getty Images Plus via Getty Images
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    Stellantis forms semiconductor joint venture with Foxconn

    SiliconAuto will supply chips for the next generation of the automaker’s software-based vehicle platforms starting in 2026.

    By • June 21, 2023
  • Person plugging a Rivian R1T vehicle into a charger.
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    Courtesy of Rivian
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    Rivian customers to gain access to Tesla’s Supercharger network beginning in 2024

    And in 2025, all Rivian electric vehicles will come with Tesla’s North American Charging Standard plug.

    By • June 20, 2023
  • An engineer inspects dry coating battery material at PowerCo laboratories
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    Courtesy of Volkswagen AG
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    Volkswagen subsidiary PowerCo to use new cost-saving process for manufacturing EV batteries

    The dry coating method for manufacturing electric-vehicle batteries could save the automaker hundreds of millions of dollars a year and reduce energy consumption by as much as 30%.

    By • June 20, 2023
  • A silver Go Ultra Low Nissan LEAF on charge on a London street.
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    Miles Willis via Getty Images
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    Industry standards are essential to EV adoption in the US: ANSI report

    A new roadmap from the American National Standards Institute lays out dozens of recommendations to support the widespread deployment of electric vehicles.

    By • June 16, 2023
  • Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center.
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    Bill Pugliano via Getty Images
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    Ford and GM execs have lingering questions about the Inflation Reduction Act

    Automakers are anxiously awaiting further federal guidance on how to ensure their vehicles qualify for EV consumer tax credits.

    By • June 16, 2023
  • The all-electric Chrysler Airflow concept at the CES 2022 conference in Las Vegas.
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    Courtesy of Stellantis
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    Will Stellantis use Tesla’s EV charging standard? It’s thinking about it.

    The automaker is evaluating whether to adopt the North American Charging Standard after Ford and General Motors struck deals with Tesla to use its Supercharger network.

    By • June 15, 2023
  • A photo of a Toyota solid state electric vehicle battery
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    Courtesy of Toyota Motor Corp
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    Toyota revamps its EV strategy as competition and government mandates mount

    The automaker’s plans include developing solid-state, lithium-ion batteries for future electric vehicles with driving ranges over 600 miles.

    By • June 14, 2023
  • An electric car charges at a mall parking lot.
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    Justin Sullivan via Getty Images
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    Global EV sales to reach 700M units by 2040: BloombergNEF

    The report predicts that total electric vehicle sales across all segments could reach a cumulative $8.8 trillion by 2030.

    By • June 14, 2023
  • Lithium Mine Processing Plant, Western Australia. Mechanical processing is used to refine lithium spodumene concentrate.
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    jasonbennee via Getty Images
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    DOE announces $192M for battery recycling, says lithium storage market could grow tenfold by 2030

    Rapid growth in the lithium battery market is being driven by the growing adoption of electric vehicles and the need for stationary storage, the U.S. Department of Energy said.

    By Robert Walton • June 14, 2023