electric vehicle News Updates

Government, Business, Technology, Fuel

FHWA Issues Waiver to Speed Up Electric Charging Infrastructure

To help accelerate construction of electric vehicle charging infrastructure, the Federal Highway Administration has extended until July 2024 a waiver of Buy America requirements for steel, iron, manufactured products and construction materials used to build electric vehicle chargers.

February 21, 2023
Business, Technology

GM’s Strong Truck Sales Are Funding EV Sales Blitz, Barra Says

General Motors Co.’s leader said demand for expensive trucks remains robust, enabling the company to fund a blitz in electric vehicles that begins this year.

February 17, 2023
Business, Technology, Equipment

Global EV Sales Surging, Top $1 Trillion All-Time

Global spending on electric vehicles is surging. According to a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before.

February 14, 2023
Government, Business, Technology

Finnish EV Fast-Charger Maker Setting Up Shop in North Carolina

A Finnish maker of fast chargers for electric vehicles is dipping its toe into the U.S. market with a $41 million venture in North Carolina.

February 10, 2023
Business, Technology

VinFast Cuts About 80 Jobs in North America, Including US CFO

Electric vehicle maker VinFast has cut about 80 jobs in North America, including its U.S. chief financial officer, raising questions about the health of the Vietnamese company ahead of a possible stock listing.

February 7, 2023
Government, Business, Technology

Treasury Expands Tax Credits to More Electric SUVs

WASHINGTON — The Treasury Department said Feb. 3 it is making more electric vehicles eligible for tax credits of up to $7,500 under new vehicle classification definitions.

February 3, 2023
Business, Technology, Autonomous, Private

Fleets, Tech Developers Chart Course to More Sustainable, Efficient Supply Chains

LAS VEGAS — Electric and autonomous vehicles can help build more sustainable and efficient supply chains, but the freight transportation sector will need to overcome various challenges to realize their potential.

February 2, 2023
Government, Business, Technology

Manchin Bill Would Delay Tax Credits for Electric Vehicles

WASHINGTON — Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles.

January 25, 2023
Business, Technology, Equipment, Autonomous

Tesla Cuts Vehicle Prices in Bid to Boost Flagging Demand

DETROIT — With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Jan. 13 on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.

January 13, 2023
Government, Business, Technology, Equipment, TCA

Michigan’s EV Investments Line Up State Among Largest Battery Manufacturers

Michigan is protective over its automotive legacy — so much so that it laid down $2 billion in taxpayer money to assure the state would be part of the electrification of the car industry.

January 9, 2023