Electric Vehicle
U.S. offers EVgo $1.05 bn loan guarantee to expand EV charging infrastructure
The United States on Thursday offered EVgo a conditional loan guarantee of up to $1.05 billion for bolstering its electric vehicle (EV) infrastructure.
The loan, from the Department of Energy’s...
Electric Vehicle
Toyota hikes investment in Joby Aviation by $500 mn for electric air taxi
Toyota Motor has announced an additional $500 million investment in Joby Aviation, a company developing electric air taxis for commercial passenger service. This new...
Electric Vehicle
Li-ion battery market to exceed $400 bn amid falling costs and rising demand
The size of the lithium-ion battery market will become more than $400 billion by 2035, according to a recent report from IDTechEx.
Alex Holland, Research...
Electric Vehicle
Ford offers free home chargers and installation to boost EV sales
Ford is offering free home chargers and installation to new buyers and lessees of its electric vehicles (EVs) in a bid to overcome a...
Electric Vehicle
Jaguar Land Rover to invest $670 mn in EV production at Halewood plant
Jaguar Land Rover (JLR), the British luxury carmaker, has announced a £500 million ($669.6 million) investment to support the parallel production of electric vehicles...
Electric Vehicle
Group14 Technologies selected for $200 mn DOE award to boost silicon battery manufacturing
Group14 Technologies, a leader in silicon battery materials, has been selected for an award negotiation of up to $200 million by the U.S. Department...
Electric Vehicle
Electric Vehicle sales in EU to hit 20-24% market share by 2025 amid lower prices
Battery-electric vehicle (BEV) sales in the European Union are projected to secure a market share of 20-24 percent by 2025, driven by lower prices,...
Electric Vehicle
Stellantis to invest $406 mn in Michigan facilities for EV and hybrid development
Stellantis, the parent company of Chrysler, announced it will invest over $406 million in three Michigan facilities to develop a platform capable of supporting...
Electric Vehicle
Europe to reduce tariffs on Tesla and other Chinese EV makers
The European Union is set to reduce proposed final tariffs on Tesla and slightly lower rates for other Chinese electric vehicle (EV) manufacturers following...
Electric Vehicle
Japan to boost EV battery production with $2.4 bn in subsidies
Japan has announced plans to provide up to $2.4 billion in subsidies to support the production of electric vehicle (EV) batteries, aiming to strengthen...
Electric Vehicle
List of automakers reducing EV targets due to slowing demand
A news report from Reuters has revealed the list of EV (electric vehicle) makers which have revised their production targets and investment strategies due...