electric vehicle News Updates

Business, Technology, Fuel

EV Sales Are Soaring as Oil Use Is About to Peak

The share of electric vehicles in sales of new passenger vehicles is set to more than double globally in the next few years — to 30% in 2026.

June 8, 2023
Government, Business, Fuel

Kentucky Pauses Incentives for Microvast Over China Concerns

NASHVILLE, Tenn. — Kentucky officials say they are pausing $21 million in economic incentives to Microvast for a proposed electric vehicle battery facility.

June 5, 2023
Government, Business, Technology

Tesla, Battery Partner Get $1.8 Billion From Biden’s IRA

Elon Musk is getting more firepower for his electric vehicle price war thanks to President Joe Biden’s signature climate legislation.

June 2, 2023
Government, Business, Fuel

Rivian May Lose Nasdaq Spot After 90% Selloff

Rivian Automotive Inc. may get pushed out of the Nasdaq 100 Index as early as this month after plunging more than 90% from its record high, according to JP Morgan Securities.

June 1, 2023
Government, Technology, Equipment, Fuel

US, EU Agree on Heavy-Truck Charging Standard

The U.S. and European Union have agreed that when a megawatt charging standard is developed for heavy trucks, it must be universal.

May 31, 2023
Government, Business, Equipment, Fuel

Stellantis’ Battery Plant Subsidy Likely to Top Volkswagen’s

Stellantis NV is likely to receive more in subsidies for a new electric vehicle battery plant in Canada than the $9.5 billion Volkswagen AG extracted for a similar project, says one expert.

May 31, 2023
Business, Technology, Equipment, Fuel

Why Ford Chose Tesla for EV Partnership: It’s the Plug

Hours before Tesla Inc. and Ford Motor Co. announced their surprise charging partnership, Ford’s chief executive officer offered his take as to why the U.S. has been so slow to adopt electric vehicles.

May 30, 2023
Business, Technology, Fuel

Foxconn’s Dispute With Lordstown Shows Souring EV Sentiment

Foxconn hasn’t made good on its pledge to acquire enough Lordstown shares to build an 18.3% stake in the company, and now a dispute threatens to sink the electric vehicle startup.

May 26, 2023
Government, Business, Technology, Fuel, TCA

The EV Squeeze: How the US and Europe Compare

MILAN — European governments have historically been more aggressive than the United States in regulating fuel consumption. That is about to change.

May 24, 2023
Government, Business, Technology, Fuel, TCA

US, Canada Plan First Cross-Border Electric Vehicle Corridor

The U.S. and Canada announced the creation of the Binational Electric Vehicle Corridor, an 872-mile route that will stretch from Kalamazoo, Mich., to Quebec City, Quebec, and feature fast chargers every 50 miles. 

May 18, 2023