For consumers shopping for EVs, new rules mean fewer models qualify for tax credit
Qualifying for the credits depends on requirements related to their battery makeup and minerals that get tougher each year.
electric cars
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EV transition cools as demand slows, automakers trim production
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.
IEDC touts record-breaking year for economic development
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.
Ford cuts electric F-150 plans in ominous sign for EV market
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.
Proposed rules aimed at curbing China could make it harder to get full EV tax credit
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.
Consumer Reports: EVs less reliable, on average, than conventional vehicles
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.
Car dealers press Biden to ease U.S. electric vehicle mandates
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.
With EV sales growth slowing, Stellantis plans gas onboard charger for Ram brand
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.
Tesla says Justice Department expanding investigations, issuing subpoenas
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.
UAW strike underscores future of EV manufacturing in Indiana
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.
Toyota to join Tesla’s charging network, adopt Tesla connector in future EVs
Tesla’s Supercharger network is coveted by other automakers because it has more direct current fast-charging plugs in the U.S. than any other network, and its stations are in prime locations along freeway travel corridors.
Alliance aims for equitable placement of EV chargers
A group of Black civil rights organizations is amping up its call for racial equity to be taken into account as state and city leaders decide where to place chargers needed to support the growing number of electric vehicles.
Honda joins Ford, GM, others in adopting Tesla’s EV-charging technology
As more and more automakers switch to Tesla’s connector, experts say it appears Tesla is on its way to becoming the industrywide standard.
Budget leaders approve $120M to attract unannounced $3.2B project
The mystery project involves a company in the “advanced technology automotive components” industry and would be located somewhere in north-central Indiana, according to the IEDC.
Major automakers unite to build electric vehicle charging network they say will rival Tesla’s
Seven major automakers say they will share in a multi-billion dollar investment to build “high power” charging stations with 30,000 plugs in urban areas and along travel corridors.
Chevy Bolt EV returning to market, months after GM scrapped it
Demand appears to have been key. “We can’t build enough Bolts right now,” chief executive Mary Barra said during the company’s quarterly earnings call.
Lightning electric pickup to cost less than $50K as Ford slashes prices
The sticker price on Ford’s F-150 Lightning electric pickup is being lowered by thousands of dollars, the company said Monday, due to increased plant capacity, falling costs for battery raw materials and internal efforts to scale production by the Detroit automaker.
Tesla shares accelerate on new CEO, deliveries and charging deals
Shares jumped 7% Monday morning to a new high for 2023 after the electric car maker said its deliveries in the most recent quarter rose 83% compared with the same period last year.
Tesla EV plug closer to becoming industry standard
A key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all electric vehicles.
Ford cutting more jobs to reduce costs amid transition to electric vehicles
The company confirmed Tuesday that it was starting to notify several hundred engineers and other salaried employees that their jobs are being eliminated. The firings come after around 200 Ford contract employees were let go last week.