electric vehicle News Updates

Government, Business, Technology, Fuel

Nikola Whistleblower Made $600,000 Off Short Sale, Jury Told

A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.

September 14, 2022
Government, Business, Technology, Fuel

Biden Touts EVs at Detroit Auto Show

DETROIT — President Joe Biden, a gearhead with his own vintage Corvette, is showcasing his administration’s efforts to promote electric vehicles during a visit Sept. 14 to the Detroit auto show.

September 14, 2022
Government, Business, Technology, Fuel, Autonomous, TCA

Pennsylvania Turnpike Explores Electrified Road Services for EVs

The Pennsylvania Turnpike is jumping into solar energy production to power its maintenance and office buildings with a long-term goal: using solar-generated power to electrify portions of the toll road so electric vehicles can charge as they travel.

September 12, 2022
Business, Technology, Fuel

North Carolina Wins Wolfspeed Semiconductor Materials Plant

RALEIGH, N.C. — A North Carolina-based semiconductor company announced Sept. 9 it will build a $5 billion manufacturing plant in its home state to produce silicon carbide wafers, which is emerging as a favored part for renewable energy products and electric vehicles.

September 9, 2022
Business, Technology, Fuel

GM Bets on EVs for the Masses With $30,000 SUV

GM expects to make the electric model of its popular Chevrolet Equinox SUV available for sale in about a year with a $30,000 price tag.

September 8, 2022
Business, Technology, Fuel

Nikola Announces Leadership Changes, Moves Ahead With Acquisition of Romeo Power

Nikola Corp. made announcements regarding leadership changes and its proceeding with acquiring an energy-storage technology company.

August 30, 2022
Business, Technology, Fuel

Tesla Split Will Struggle to Feed $280 Billion Rally

After a $280 billion rally since late May, Tesla Inc. is using a trusted method for fueling further gains — a stock split. It may not pan out like that.

August 25, 2022
Business, Technology, Fuel

Polestar to Share Battery Tech With Boat Maker

Electric carmaker Polestar Automotive Holding has agreed to share battery technology with Candela Speed Boat AB, a startup trying to electrify leisure boats and water taxis.

August 23, 2022
Government, Business, Fuel

VW, Mercedes Line Up Tariff-Friendly Battery Supplies in Deal With Canada

Volkswagen AG and Mercedes-Benz Group AG have sealed agreements with Canada to secure access to raw materials such as nickel, cobalt and lithium for battery production, according to people familiar with the accords.

August 22, 2022
Business, Fuel

Ford to Cut 3,000 Jobs to Fund Shift Toward EVs

Ford Motor Co. said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles.

August 22, 2022