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electric vehicle

Automakers Drive Up Spending on EV and Battery Development

Automakers will spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, EV batteries and raw materials.

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GM to Sell Hertz 175K EVs

“Retail margin” sales could bring carmaker “thousands” of EV customers.

EV Battery Element Hits New High

The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.

Biden Announces Funds for EV Chargers at Auto Show

First $900 million coming to help 35 states build network of stations. President also promotes tax breaks to buy EVs built in North America.

New Jeep Models Target Electric SUV Dominance

The Stellantis brand announced plans for half of U.S. sales and all European sales to be fully electric vehicles by 2030.

U.S. Energy Department to Loan $2.5 Billion to GM Joint Battery Venture

The money will help a joint venture of General Motors Co. and LG Energy Solution finance the construction of new lithium-ion battery cell manufacturing facilities.

Georgia Lands Two New EV Factories for the State

The state inked deals with Rivian and Hyundai Motor Group for two EV factories to bring in over $10 billion in auto industry investment and 15,000 assembly jobs.

Residual Value Risk Transitioning to Electric Vehicles — Will History Repeat Itself?

The transition to EVs is not a matter of if, but a matter of when, and the industry must pay attention to the impacts of the potentially imminent and rapid transition from ICE vehicles to EVs.

Experts Weigh the Pros and Cons of Biden’s EV Grants

Some say the grants will provide a needed boost to EV adoption while others warn it will fail as previous policies did during the Obama Administration.

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Canada Suggests Proposed U.S. EV Tax Credit Will Harm North American Auto Industry

Letter penned by Canadian Trade Minister Mary Ng suggest proposed EV tax credits will harm North American auto industry and violate trade agreements.

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