As the automotive industry hurtles into a new era of electric vehicles (EVs), the wheels of change are turning in technology and the policies governing their adoption. The eagerly awaited 2024 brings a wave of alterations to the $7,500 federal tax credits for EVs, reshaping the landscape for both manufacturers and buyers. Featured Image credit: …
In a groundbreaking move that signals a significant stride toward a greener automotive future, Envision Automotive Energy Supply Co. has announced a doubling of its planned investment in South Carolina. The electric vehicle (EV) battery company, initially set to embark on an $810 million project, has now committed to a staggering $1.62 billion facility in …
Envision Automotive Energy Supply Co to Build 1.6B Plant in South Carolina Read More »
The Pennsylvania House and Senate are currently engaged in discussions to find a compromise on capturing revenue to maintain the state’s roads and bridges. One proposal being considered is introducing a yearly flat fee for electric vehicle (EV) owners, bringing them in line with gas-powered vehicle owners who already contribute to road upkeep. However, the …
In a surprising turn of events, Ford Motor Company has decided to significantly scale back production of its flagship electric vehicle, the F-150 Lightning pickup. The decision responds to shifting market demands, signalling potential challenges in the electric vehicle (EV) market. This move raises questions about the overall demand for EVs and the impact of …
Ford to Cut Production on Electric F-150 in half Read More »
Toyota, one of the world’s leading automakers, has been making waves in the industry with its latest concept vehicles. At the forefront of their innovation is the highly anticipated electric version of the Toyota Hilux pickup. While Toyota has been known for its hybrid strategy, it seems the company is finally shifting gears towards all-electric …
Electric vehicle (EV) rentals are emerging as a pivotal factor in accelerating EV adoption globally. Transitioning from internal combustion engine (ICE) vehicles to EVs is crucial for reducing carbon emissions and improving air quality. However, consumer confidence and affordability remain significant barriers to widespread EV adoption. EV rentals offer a practical solution, serving as many …
Accelerating EV Adoption: How EV Rentals Are Paving the Road to a Greener Future Read More »
Electric Vehicle (EV) sales in the United States have reached a significant milestone, with sales crossing 313,000 in the third quarter, a nearly 50% increase from the previous year. This surge has raised the EV market share to 7.9%, the highest ever recorded. However, leading automakers such as Ford, General Motors (GM), and Tesla are …
Electric Vehicle Sales Outlook in 2024: The EV Giants Weigh In Read More »
AT&T, a major U.S. wireless carrier, has recently entered into a significant agreement with Rivian Automotive, Inc., an electric vehicle (EV) manufacturer. This collaboration involves AT&T purchasing a selection of electric vehicles from Rivian as part of a pilot program. The primary aim of this initiative is to explore and implement strategies for reducing operational …
The United States’ ambitious transition to electric vehicles (EVs) has encountered a significant roadblock, raising concerns about vehicle range, limited charging capacity, and core affordability issues. Automakers, in recent weeks, have adjusted their EV sales targets and delayed capital projects as they grapple with reducing inventories of unsold EVs at dealerships. While the shift towards …
South Korean automotive battery manufacturers are adapting to the evolving electric vehicle (EV) market by focusing on developing lithium iron phosphate (LFP) batteries. This strategic shift is influenced by the need to diversify away from Chinese-dominated battery technology and to offer more cost-effective solutions. LFP batteries, primarily manufactured by Chinese firms like CATL and BYD, …
Navigating New Frontiers: South Korea’s Shift to Affordable EV Battery Technology Read More »
