electric vehicle News Updates

Business, Technology, Equipment, Fuel, TCA

Why Southern California Is the New EV Mecca

California is fast becoming a leading research, design and manufacturing center for electric vehicles, and Southern California has an outsized part in that development.

August 2, 2021
Business, Technology, Equipment, Safety, Fuel, Autonomous

Paccar’s New CTO Sees Electrification, Autonomy Transforming Truck Market

WASHINGTON — After years of working with emerging technologies in the automotive sector, Paccar Inc.’s new chief technology officer sees a similar transformation unfolding in the commercial truck market.

July 30, 2021
Government, Business, Fuel

Biden Mileage Rule to Exceed Obama Climate Goal

WASHINGTON — In a major step against climate change, President Joe Biden is proposing a return to aggressive Obama-era vehicle mileage standards over five years. He’s then aiming for even tougher antipollution rules after that to forcefully reduce greenhouse gas emissions and nudge 40% of U.S. drivers into electric vehicles by decade’s end.

July 27, 2021
Business, Technology, Fuel

Lordstown May Raise Millions From Investment Fund

Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global.

July 26, 2021
Business, Technology, Fuel

EV Startup Lucid’s SPAC Deal in Jeopardy

The blank-check company seeking to buy electric-car startup Lucid Motors Inc. made a last-minute appeal for retail shareholders to vote for the deal amid signs that it’s struggling to win their approval.

July 22, 2021
Government, Business, Technology, Fuel, TCA

Indiana Gives Utilities $5.5 Million to Build EV Charging Network

If you build it, they will come. At least that’s what the state of Indiana and its utilities are hoping for when it comes to charging stations and electric vehicles.

July 19, 2021
Business, Fuel

Electrify America to Double EV Charging Stations by 2025

SILVER SPRING, Md. — Electrify America, an electric vehicle charging network funded with money paid by Volkswagen as punishment for its emissions cheating scandal, said it plans to more than double its number of charging stations throughout the United States and Canada.

July 13, 2021
Government, Business, Technology, Fuel

EU Plans Phaseout of Combustion Engine Era

The European Union is set to propose a switch to zero-emission vehicles and boost its renewable energy target in an unprecedented push to align its economy with more ambitious climate targets.

July 9, 2021
Business, Technology, Fuel

Tesla Delivers Record 201,250 Cars in Second Quarter

Tesla Inc. delivered 201,250 cars worldwide in the second quarter, a record for the electric-car maker led by CEO Elon Musk.

July 2, 2021
Business, Technology

XL Fleet Added to Russell 3000, 2000 Indexes

XL Fleet Corp., a provider of hybrid electrification solutions for Classes 2-6 commercial and municipal vehicles, announced it has been added to the Russell 3000 Index and the U.S. Small Cap Russell 2000 Index effective June 28.

June 28, 2021