BrightDrop, a General Motors Co. startup focused on offering electric delivery options, told investors Nov. 17 it鈥檚 on track to reach $1 billion in revenue in 2023.
November 18, 2022electric vehicle News Updates
GM Startup BrightDrop Projects $1 Billion in Revenue in 2023
Chinese EV Startup Monitors Drivers鈥 Vital Signs
A new Chinese electric vehicle startup, BeyonCa, is touting its ability to monitor drivers鈥 health for serious incidents like a heart attack to help stand out in an increasingly crowded market.
November 4, 2022EVs Become a Debate Topic Ahead of Midterm Elections
Heading into November鈥檚 midterm elections, many Republican candidates are seeking to capitalize on voters鈥 concerns about inflation by targeting a key component of President Joe Biden鈥檚 climate agenda: electric vehicles.
October 31, 2022Government Awards $1 Billion to Schools for Electric Buses
Nearly 400 school districts spanning all 50 states and Washington, D.C., along with several tribes and U.S. territories, are receiving roughly $1 billion in grants to purchase about 2,500 鈥渃lean鈥 school buses under a new federal program.
October 26, 2022Yellen Tempers Expectations for Major EV Tax-Credit Tweaks
U.S. Treasury Secretary Janet Yellen is throwing cold water on expectations that the agency will provide relief to foreign automakers lobbying against stringent limits on a popular electric vehicle tax credit.
October 24, 2022Honda, LG to Build $3.5 Billion Battery Plant, Hire 2,200 in Ohio
COLUMBUS, Ohio 鈥 Honda says it will build a $3.5 billion joint-venture battery factory in rural southern Ohio and hire 2,200 people to staff it as the company starts to turn the state into its North American electric vehicle hub.
October 11, 2022EV Tax Credit Rules Put on Fast Track at Treasury
The Treasury Department is expediting the formulation of scores of regulations that will carry out the $270 billion worth of energy tax incentives included in President Joe Biden鈥檚 signature climate and tax bill.
October 5, 2022Michigan Lures $1.6 Billion Battery Factory in Fight for EV Jobs
Michigan awarded incentives to two new battery projects 鈥 a local startup building a cell plant and a Chinese firm that may produce battery components 鈥 as Gov. Gretchen Whitmer seeks to secure future automotive jobs in the state.
October 5, 2022Will Rise of EVs Mean the Death of the Gas Station?
For more than a century, gas stations have been the heart of California鈥檚 car culture, offering fuel, food and friendly directions along back roads and byways. But the rush to EVs may leave them in the dust.
October 4, 2022US House Lawmakers Introduce EV Tech Bill
Legislation designed to promote research and development programs for vehicle technologies at the U.S. Department of Energy was recently introduced in the U.S. House of Representatives.
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