DOE: $3.1 billion for EV battery supply chain, $45 million for development

Mercedes-Benz battery factoryThe United States Department of Energy (DOE) this week announced new funding from President Biden's Bipartisan Infrastructure Law for domestic EV battery production and development. The DOE on Monday announced $3.16 billion for the domestic battery supply chain. Part of more than $7 billion the infrastructure law has designated for battery...

Lexus engineering boss: 800-volt system done, electric is the future

2023 Lexus RZ 450eLexus and Toyota might not be asleep at the EV wheel after all. The automaker, known for biding its time and taking a cautious long-game approach on anything that it sees going big, appears to be applying the same mindset here. In an interview with Lexus chief engineer Takashi Watanabe at a prototype drive for the 2023 Lexus RZ 450e in Barcelona...