Fisker becomes second electric vehicle maker to file for bankruptcy in past year
EV sales have slowed as manufacturers have attempted to push electric vehicles into the mainstream.
EV sales have slowed as manufacturers have attempted to push electric vehicles into the mainstream.
Stellantis CEO Carlos Tavares expressed dissatisfaction at the operation of some U.S. plants on Thursday, and took responsibility for not reacting quickly enough to address that issue.
Worries about cost are widespread, as are other practical concerns. Range anxiety—the idea that EVs cannot go far enough on a single charge and might leave a driver stranded—continues to be a major reason why many Americans do not purchase EVs.
Tesla is facing a string of lawsuits around the country that blame various defects for fatal or otherwise serious collisions.
As part of its investment, Indianapolis-based Allison will gain access to EnerTech Capital’s network of companies working on automotive technologies in the areas of electrification, connectivity, autonomy and digitization.
With the pace of U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will add more gas-electric hybrids to its model lineup.
Japanese automakers have fallen behind rivals such as Tesla of the U.S. and BYD of China in developing EVs, partly because they have historically been so successful with combustion engine vehicles.
The move comes as the Biden administration faces pressure on multiple fronts to weaken its electrification targets, in part because of slowing EV sales and also problems with public EV charging stations.
The joint venture, which includes Cummins and three other companies, was formed last year for the purpose of building a battery plant for commercial vehicles.
A proposal from the Michiana Area Council of Governments for an EV charging project based in Indiana is set to receive $4.2 million.
Qualifying for the credits depends on requirements related to their battery makeup and minerals that get tougher each year.
U.S. sales of fully electric cars are still growing at a fast clip—they are up by more than 50 percent this year over 2022—but automakers say growth has slowed in recent months, prompting them to trim their production plans and pause some investments.
The state’s job-creation agency says it secured $28.7 billion in new capital expenditures in 2023, a 29% increase over the the previous year. But some of the projects on the list are yet to be announced.
CEO Officer Jim Farley said the robust EV demand the company expected hasn’t materialized because potential buyers are balking at high prices and spotty charging infrastructure.
Plans outlined by the departments of Treasury and Energy would limit electric vehicle buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.
The survey found that electric vehicles from the 2021 through 2023 model years encountered nearly 80% more problems than did vehicles propelled by internal combustion engines.
A group of 3,700 auto dealers is calling on the Biden administration to pull back on federal regulations that will mandate that two out of every three vehicles sold in the United States in 2032 will be battery electric.
Stellantis, which has been slow to introduce fully electric vehicles in the U.S., is so confident in the new powertrain’s appeal that it plans to offer it in other vehicles.
Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker’s partially automated driving systems, and they have issued subpoenas for information instead of simply requesting it, the company disclosed Monday.
Union leaders want promises from the Big Three automakers that their wave of new electric vehicle battery plants will fall under the UAW’s contract and that workers at those plants will make UAW assembly wages of $32 an hour.