Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles
A Jeep plant that closed last year will be among those that will benefit from federal grants meant to help automotive manufacturers and protect jobs.
Tesla’s Share of U.S. Electric Car Market Falls Below 50%
A new report estimates that the company led by Elon Musk accounted for just under half of all battery-powered vehicles sold in the second quarter of the year.
As the E.V. Revolution Slows, Ferrari Enters the Race
Growth in electric vehicle sales has been slowing, but the Italian luxury carmaker is stepping up investment and setting ambitious targets.
GM supplying batteries to the military for evaluation of future platforms
The U.S. military is evaluating EV batteries from GM The military's looking at how to handle its energy-storage needs The project will potentially lead to pathways for domestically supplied energy storage for the military General Motors is supplying EV batteries for a military research project. The automaker's GM Defense subsidiary is providing... McLaren CEO asks UK to lead “power-dense battery cell manufacturing”
The CEO of McLaren wants the U.K. government to help create a battery supply chain The new supply chain would lead to power-dense battery cell manufacturing This would all lead to future McLaren electric supercars being produced in the U.K. McLaren Automotive CEO Michael Leiters is calling on the U.K. government to invest in the country's battery... BMW nixes Northvolt battery deal
BMW cancels deal with Swedish EV battery supplier worth $2 billion Northvolt, based in Sweden, still has deals with Volvo and Volkswagen Group BMW has shifted to more energy-dense cylindrical battery cells BMW has canceled a contract worth roughly $2 billion for EV battery cells from Swedish firm Northvolt, Reuters reported Thursday. German media... U.A.W. Reaches Accord on Pay and Safety at E.V. Battery Plant
The agreement, if ratified, will cover 1,600 workers making batteries for General Motors in Ohio. The union said it would be a model for efforts elsewhere.
Manchin pushes back over EV tax credit battery content rules
West Virginia Senator Joe Manchin is once again criticizing the Biden administration's EV tax credit rules, reports Reuters. Manchin, who is known for opposing Biden administration policies and last week left the Democratic Party and registered as an independent, told U.S. Treasury Secretary Janet Yellen during a hearing of the Senate... How Electric Car Batteries Might Aid the Grid (and Win Over Drivers)
Automakers are exploring energy storage as a way to help utilities and save customers money, turning an expensive component into an industry asset.
Mercedes and Stellantis pause European EV battery plans, look to LFP
Mercedes-Benz and Stellantis are pausing work on two EV battery plants and may be looking to LFP battery cells to lower costs, reports Bloomberg. Automotive Cells Company (ACC), a battery supplier for the two automakers with plans to open three new battery plants in Europe at a cost of 7.6 billion euros (approximately $8.2 billion at current...