Focus
electric vehicle (EV)
Tariff Hikes on Chinese EVs, Batteries, Chips, and More to Start Aug. 1, Biden Admin Says
The proposed changes are now undergoing a 30-day public comment period.
Ford Scales Down EV Investment as Division Loses $4.7 Billion
Ford reduced the size of an existing plant in Michigan and delayed plans for a second battery plant.
Mississippi Approves $1.9 Billion Electric Battery Plant for Industrial Vehicles
Deal is the second-largest capital investment in the state’s history and will create 2,000 jobs
Auto Executives Losing Confidence in EV Profitability Amid ‘Sobering’ Demand: KPMG Report
EV demand has weakened, and some automakers may soon come under ‘extreme pressure as competition intensifies,’ the report stated.
Stellantis Offers Buyouts to Approximately Half Its Salaried Non-Unionized US Workers
Employees will receive between three months and one year of pay for five to 20-plus years of work experience.
Western Australia Government Spends $12.5 Million on New EV Chargers
Grants are to meet infrastructure demand as EV sales in the state have surged almost three times to 6,590 in 2023.
Cost to Shift to EVs ‘Considerably Greater’ Than Ottawa Claims: Report
The report says for every tonne of GHG emission reduced by EV drivers, it costs taxpayers between $355 and $857, depending on the provincial subsidy rate.
‘True Cost’ of EV Fueling Equivalent to $17.33 per Gallon of Gas: Report
President Biden’s goal of 100 percent EVs by 2040 ‘will never become a reality’ as EVs will remain more expensive than gas vehicles, report reads.
Trump Urges United Auto Workers to Fight Biden’s EV Plan
President Trump lambasts President Biden’s EV mandate, continues pitch to major autoworkers union amid strike threat.
Electric Vehicles Exposed to Saltwater Can Burst Into Flames, Authorities Warn
Electric vehicle batteries can burst into flames when they come into contact with saltwater, revealing a significant danger during times of natural calamities.
