The Department of Energy (DOE) on Friday issued proposed guidance on foreign battery content in EVs that could cut the federal tax credit for some models. But it also provides a clearer picture for automakers and battery suppliers. Starting Jan. 1, EVs are ineligible for the federal tax credit of up to $7,500 if they have key battery components… Read more…
Detroit starts real world electric road charging trial
Detroit just witnessed the installation of America’s first-ever wireless electrified roadway. The quarter-mile stretch of electrified road, which operates similarly to a wireless charging pad in the simplest terms, is a result of partnership between the City of Detroit, the Michigan Department of Transportation (MDOT), and Israeli company Electreon, which develops wireless charging solutions for electric vehicles. Dr. Stefan Tongur,… Read more…
UL Solutions opens battery testing lab in Korea
The South Korean science safety company UL Solutions has opened the ‘Korea Advanced Battery Laboratory’. Located in Pyeongtaek, this new facility is planned to provide customers with improved access to the latest safety technology to increase innovation and speed to market. Read more…
Octopus EV secures £550 million for salary sacrifice scheme
Octopus Electric Vehicles (Octopus EV) has agreed to a £550 million debt securitisation facility from Lloyds Bank to fund electric vehicles. This brings the total funding secured by Octopus EV to £1.2 billion. Read more…
Battery analysis provider Aviloo attracts further investment
The Austrian startup Aviloo is receiving further capital from Invest AG together with Raiffeisen KMU Invest AG. The battery analysis specialist intends to use the new funds to drive forward its international expansion. Read more…
EcoPro & Samsung SDI sign cathode materials deal worth over 30 billion euros
The South Korean battery material manufacturer EcoPro BM has received a major order from battery cell manufacturer Samsung SDI worth the equivalent of around 30.9 billion euros. The deal focuses on EcoPro’s NCA cathode material. Read more…
See A Tri-Motor Tesla Cybertruck Leave A Tri-Motor GMC Hummer EV In The Dust
Combined, the two American electric pickups weigh over 15,000 pounds. Read more…
US government updates stipulations on batteries
The US government has released eagerly-awaited guidelines defining the sourcing requirements for battery components and materials that must be met in order for electric vehicles to qualify for the full $7,500 electric vehicle tax credit. Read more…
Tesla Model 3 RWD, Long Range EV Tax Credits Halved For 2024
The change goes into effect January 1, 2024, likely as a result of the updated Inflation Reduction Act guidance announced last week. Read more…
China Plug-In Car Sales Hit New Record In October 2023
More than 800,000 new rechargeable cars were registered for the very first time in a single month. Read more…
China may achieve NEV penetration of over 50% 10 years early, says ex-industry minister
In October, China’s NEV penetration at retail stood at 37.8 percent, up 7.6 percentage points from 30.2 percent a year earlier. Read more…
VWN to build vans on its own electric platform from 2028
Volkswagen Commercial Vehicles (VWN) is developing its own electric platform and intends to convert all of its vans to battery-electric drives from 2028. The first representative of the new “Space” electric family will be the large Crafter van. Read more…
Toyota presents concepts for its six planned BEVs in Europe in 2026
Toyota wants to expand its range of electric cars in Europe to six models by 2026 – and is unveiling two new concept cars as part of this. The Japanese company is also providing more details on its battery roadmap and hydrogen plans. Read more…
European automakers have secured less than a fifth of the battery metals they’ll need by 2030
European automakers have secured less than a fifth of the cobalt, lithium, and nickel they’ll need to meet targets by 2030, according to a new analysis by Transport & Environment (T&E). Exceptions are Tesla and China’s BYD, but Tesla (and certainly BYD) falls a bit short on responsible practices compared to other automakers.. Read more…
The Tesla Cybertruck for Kids is real and you can actually buy one, sort of
The Cybertruck wasn’t the only Tesla electric vehicle unveiled late last week. Although overshadowed by its oversized brother, the Cybertruck for Kids is a real, small-sized EV that can have your kids showing off their forward-thinking philosophy or urban excess (depending on your desired camp) right in your own front yard.. Read more…
Toyota Urban SUV Concept previews compact EV crossover for Europe
Toyota is gearing up to join the electrification race in Europe with five new EVs by 2026. One of the most exciting additions is the Toyota Urban SUV Concept, a compact EV crossover that promises to be both trendy and budget-friendly. While the name “Urban SUV Concept” may lack the panache of some of its rivals, Toyota is known for… Read more…
Northvolt receives funding approval for battery plant in Heide
Northvolt has received funding approval from the German government for its battery cell factory in Schleswig-Holstein. The funds were released via an exemption from the political budget freeze. Read more…
Xiaomi has reportedly planned 2 additional models, including 1 hybrid
The strategy of having a hybrid model as the third product is more of a practical move by Xiaomi to boost sales faster, local media said. Read more…
VW pauses production of VW ID.3 and Cupra Born
Volkswagen is shutting down production of the VW ID.3 and Cupra Born at its electric car plant in Zwickau and Dresden this week and will pause it until the end of the year. The reason for this is the subdued demand. Read more…
China’s Nov NEV wholesale sales hit record 940,000 units, CPCA estimates show
China’s November wholesale sales of passenger NEVs are estimated at 940,000 units, up 29 percent year-on-year and up 6 percent from October, the CPCA said. Read more…
