Toyota’s accelerated battery plan suggests future US-built EVs

Site of planned Toyota Battery Manufacturing North Carolina (TBMNC) battery plantToyota on Wednesday announced a $2.5 billion expansion of a planned North Carolina battery factory to add manufacturing capacity for EV batteries. Last October Toyota announced that it would make batteries in the United States by 2025. Then in December it announced a North Carolina battery plant that it said would make hybrid batteries but would...

VW and Mercedes look to Canada for North American EV battery supply chain

2021 Volkswagen ID.4Mercedes-Benz and Volkswagen are looking to Canada for supplies of battery raw materials, which should help the automakers meet new eligibility requirements for the United States EV tax credit. The recently passed Inflation Reduction Act (IRA) lays out stipulations on critical minerals, battery sourcing, domestic-content thresholds, and vehicle...