electric vehicle News Updates

Government, Business, Technology

Finnish EV Fast-Charger Maker Setting Up Shop in North Carolina

A Finnish maker of fast chargers for electric vehicles is dipping its toe into the U.S. market with a $41 million venture in North Carolina.

February 10, 2023
Business, Technology

VinFast Cuts About 80 Jobs in North America, Including US CFO

Electric vehicle maker VinFast has cut about 80 jobs in North America, including its U.S. chief financial officer, raising questions about the health of the Vietnamese company ahead of a possible stock listing.

February 7, 2023
Government, Business, Technology

Treasury Expands Tax Credits to More Electric SUVs

WASHINGTON 鈥 The Treasury Department said Feb. 3 it is making more electric vehicles eligible for tax credits of up to $7,500 under new vehicle classification definitions.

February 3, 2023
Business, Technology, Autonomous, Private

Fleets, Tech Developers Chart Course to More Sustainable, Efficient Supply Chains

LAS VEGAS 鈥 Electric and autonomous vehicles can help build more sustainable and efficient supply chains, but the freight transportation sector will need to overcome various challenges to realize their potential.

February 2, 2023
Government, Business, Technology

Manchin Bill Would Delay Tax Credits for Electric Vehicles

WASHINGTON 鈥 Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles.

January 25, 2023
Business, Technology, Equipment, Autonomous

Tesla Cuts Vehicle Prices in Bid to Boost Flagging Demand

DETROIT 鈥 With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Jan. 13 on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.

January 13, 2023
Government, Business, Technology, Equipment, TCA

Michigan鈥檚 EV Investments Line Up State Among Largest Battery Manufacturers

Michigan is protective over its automotive legacy 鈥 so much so that it laid down $2 billion in taxpayer money to assure the state would be part of the electrification of the car industry.

January 9, 2023
Government, Business, Technology, Equipment

EV Tax Credit Rulings Please Some Automakers, Exclude Others

The U.S. government has angered Tesla Inc.鈥檚 Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.

January 5, 2023
Business, Technology, Equipment

China鈥檚 CATL Extends Lead as World鈥檚 Top EV Battery Maker

Contemporary Amperex Technology Co. Ltd.鈥檚 share of the electric vehicle battery market continues to grow, as the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.

January 4, 2023
Business, Technology, TCA

Florida鈥檚 Blue Innovations Group Betting on Electric Boats

As Tesla helped usher in electric cars, a Tampa Bay, Fla., company seeks to do the same for boating. Blue Innovations Group, founded by former Tesla global head of manufacturing Chuan 鈥淛ohn鈥 Vo, is working out of Pinellas Park on a 30-foot-long boat powered by only electricity.

December 29, 2022