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...

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...

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...

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...

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...

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 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,...

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...

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...

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...

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...