ºÚÁϳԹÏÍø

Volkswagen AG is increasing investments in software and EVs to close the gap to Tesla and halt a decline in China just as the threat of a demand slowdown hangs over the automotive market.

COLUMBIA, S.C. — South Carolina’s governor said March 6 he is going to ask lawmakers to approve nearly $1.3 billion to bring to the state a new electric vehicle plant by Scout Motors Inc.

Rivian Automotive Inc. has told employees that production of 62,000 electric vehicles is possible this year, according to people familiar with the matter, an increase from the production target it told investors on Feb. 28.

BYD electric trucks are hard at work across North America, moving freight at ports and railyards, making deliveries, and collecting refuse. BYD trucks are environmentally friendly with zero harmful emissions while also providing the reliability and performance you need. Our truck’s safe and reliable battery technology improve your bottom line with lower fuel and maintenance costs.

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.

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.

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.

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.

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.

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.