The U.S. Energy Department on Monday announced it intends to loan a joint venture of General Motors Co and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities. The conditional commitment for the loan to Ultium Cells LLC for facilities in Ohio, Tennessee, and Michigan is expected to […]
Electric Vehicle
India’s top-selling carmaker, Maruti Suzuki, believes the government will show support for “green” car technology beyond full electric vehicles (EVs), such as hybrid, if it benefited the country, the company’s chief executive said. The comments come after Maruti unveiled its first strong hybrid car in India, the Grand Vitara sport-utility vehicle (SUV), seen as key […]
Many prefer the rumbling ‘vroom’ of a gasoline car to the soft hum of an electric vehicle, while others would rather just be satisfied in the knowledge that they are lessening their carbon footprint. Let’s look at the cold hard facts however, and compare electric cars vs gas cars Electric Cars vs Gas Cars: Components […]
The DeLorean Motor Company (DMC) announced, almost a year ago, in early 2021, hopeful news for Back to the Future fans. The Texas-based company which owns the copyrights to the DeLorean name teased its fans about the potential of releasing a new electric vehicle (EV) stamped with the same name as the Back to the […]
Nowadays, and as the world welcomes the newly risen digital era when we think about the future of transportation, it won’t include gasoline-powered vehicles but electric ones. Furthermore, when we think about electric cars, the first company that crosses our mind is the only company bestowed the title EV giant, Tesla. But the thing being […]
Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing more than $7 billion in the state, an announcement coinciding with a visit by President Joe Biden to Seoul, sources told Reuters. The South Korean auto group, which houses Hyundai Motor Co and Kia Corp, will build a plant to make […]
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes as the world’s second-biggest economy has slowed sharply – and […]
Tesla Inc is open to buying a mining company if producing its own supply of electric vehicle (EV) metals would speed up worldwide adoption of clean energy technologies, Chief Executive Officer Elon Musk said on Tuesday. Concern is mounting across the EV industry that there may not be enough supply of lithium, nickel, copper and […]
Britain risks missing out on capturing a larger share of the electric vehicle (EV) battery supply chain unless the government does more to help startups gain access to private financing, according to a study released on Tuesday. Only the private sector can provide enough finance to fuel the transition to zero-emission transport – with battery […]
CATL, the world’s largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries, an investment that would mark the Chinese company’s first production in the world’s second-largest car market, two people with knowledge of the plans told Reuters. Contemporary Amperex Technology Co (CATL) is in […]