Used EV shoppers don't have to worry too much about battery degradation eroding range, according to a new study from Recurrent, which sells battery health reports for used EVs. "Used EV shoppers worry that the car battery will degrade quickly like a mobile phone battery, and not be able to hold a charge within a few years," Liz Najman, lead...
A trade pact could make EVs with battery materials sourced from Japan eligible for federal tax credits, the Japan Times reported Tuesday. The Inflation Reduction Act (IRA) requires major battery components and critical minerals to be sourced from countries with which the U.S. has a free trade agreement, a rule that has drastically cut the number...
LG Energy Solution on Friday announced a $5.5-billion battery manufacturing complex in Queen Creek, Arizona. The company claims the plant will be the largest battery-making investment in the U.S. to date. The complex will consist of two manufacturing facilities—one for 2170-format cylindrical battery cells for EVs, and another for pouch-type...
Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.
A lack of standards for repair and replacement of EV battery packs may lead to higher insurance premiums, according to a recent Reuters report (via Automotive News). Battery packs can represent up to 50% of an EV's price tag, often making it uneconomical to replace them, according to the report. And while there is no standard procedure for...
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.
The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
Volkswagen has chosen a Canadian site for the first EV battery factory of its new PowerCo business unit outside Europe. Located in St. Thomas, Ontario, the factory is expected to start producing battery cells in 2027, according to a VW press release. It will be the third PowerCo battery plant globally, along with plants in Salzgitter, Germany, and...
American and European officials are trying to reach agreement on the outlines of a limited trade deal that could help resolve a major rift over America’s new climate legislation.