Ford boosts EV spending, aims to have 40% of volume all-electric by 2030
Ford Motor Co (F.N) on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to have investors value it more like a technology company.
Wall Street pauses as investors eye inflation clues
U.S. stocks closed slightly lower on Tuesday, and each of Wall Street’s main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.
Lordstown Motors says 2021 production will be half of expectations
Lordstown Motors Corp (RIDE.O) said on Monday that 2021 production of its Endurance truck will be half of prior expectations and that the electric vehicle startup needs additional capital to execute its plans, sending shares down 9.5% in after-hours trading.
Hyundai raises hydrogen game as new trucks roll into Europe
South Korea’s Hyundai Motor (005380.KS) plans to ship a new series of fuel-cell trucks to Europe later this year, turning up the heat on rivals in a battle to test the viability of hydrogen-powered heavy goods transport.
No pain, no gain for big funds hunting the next Tesla
Place your bets! The race to find the next Tesla (TSLA.O) is on but the search is turning up plenty of clunkers as well as potential superstars.
Biden pitches $174 bln EV plan in Michigan, takes truck for a spin
President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for U.S. consumers – and even got to take a new zero-emission truck out for a drive.
Biden to pitch his $174 bln electric vehicle plan in Michigan
President Joe Biden will make the case for his $174 billion electric vehicle plan on Tuesday, calling for government grants for new battery production facilities during a visit to a Ford Motor (F.N) electric vehicle plant in Michigan. He will also rule out consumer incentives for high-priced electric luxury models, according to a White House fact sheet […]
The dead batteries in electric vehicles have become a source of concern
In 2030, the EU expects 30 million electric vehicles on European highways. Although electric vehicles (EVs) do not emit CO2 during service, many people are concerned about what will happen if they lose power, especially when it comes to batteries. Although most EV components are identical to those used in conventional vehicles, the battery is […]
Uber, Lyft want more public subsidies to meet California EV mandates
California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures that the companies call unrealistic without more public subsidies for EVs.
EXCLUSIVE Tesla, under scrutiny in China, steps up engagement with regulators
Electric vehicle maker Tesla Inc (TSLA.O), facing scrutiny in China over safety and customer service complaints, is boosting its engagement with mainland regulators and beefing up its government relations team, industry sources said. Tesla’s change of strategy leading to more behind-the-scenes interaction with policymakers in Beijing compared to relatively little previously shows the seriousness with which […]
