Soaring commodity prices and supply chain bottlenecks threaten to push up the cost of batteries seen as crucial in the fight against climate change.
November 30, 2021Business, Technology, Fuel
Rising Battery Costs Hit Carmakers
Government, Business, Fuel, TCA
Lordstown Motors Poised for Tax Exemptions Under Ohio Bill
COLUMBUS, Ohio – The Ohio House passed a bipartisan bill that would give Lordstown Motors a four-year sales tax exemption on engines, transmissions, batteries, brakes and other components that are unique to the production of electric vehicles.
November 19, 2021Business, Technology, Equipment, Fuel, TCA
Merchants Fleet Expands Order of BrightDrop EVs
DETROIT — BrightDrop, a General Motors Co. startup making electric delivery vehicles, said Nov. 18 that Merchants Fleet is planning to expand its purchase order to receive a total of 18,000 BrightDrop EVs.
November 19, 2021Business, Technology, Equipment, Safety, Fuel
Electric Vehicles Rank Low in Consumer Reports Reliability Study
Electric vehicles fare poorly in the latest reliability study from Consumer Reports, with Tesla Inc. and its battery-powered lineup finishing second-to-last for the second straight year. Only Ford Motor Co.’s Lincoln division was worse, the publisher said Nov. 18.
November 18, 2021Government, Business, Equipment, Fuel
Biden Pushes Electric Vehicle Chargers, Infrastructure
DETROIT — President Joe Biden punched the accelerator on a battery-powered Hummer on Nov. 17, causing the wheels to squeal and the truck to jet forward as he tried to drive the country toward an electric vehicle future.
November 17, 2021Business, Technology, Fuel
Rivian Leaps Past Volkswagen’s Valuation Amid EV Mania
A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last week’s trading debut, with its market capitalization now surpassing Volkswagen AG.
November 16, 2021Business, Technology
Post IPO, Rivian Pursues Stand-Alone Battery Plant
Fresh off a $12 billion initial public offering, Rivian Automotive Inc. is investing in a dizzying array of expansion projects and actively pursuing a site for a stand-alone battery factory in addition to a pair of new vehicle-assembly plants already planned.
November 12, 2021Business, Technology, Fuel
Rivian’s Trading Debut Pushes Value to Almost $88 Billion
Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021’s biggest initial public offering.
November 10, 2021Business, Technology, Fuel
Rivian Set for IPO That Will Rank as Year’s Biggest
Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.
November 9, 2021Business, Technology, Fuel
Sensata Adds EV Charging Products
Sensata Technologies announced new custom-designed high-voltage junction box solutions for charging commercial electric vehicles.
November 5, 2021