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.
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.
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.
As more and more automakers switch to Tesla’s connector, experts say it appears Tesla is on its way to becoming the industrywide standard.
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.
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.
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.
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.
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.
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.
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.
The company reported having 60 employees in the United States in early 2022, though it’s not known if that number included about 25 employees at an engineering center in California.
The move is another domino to fall as the auto industry considers switching to Tesla’s connector, which it calls the North American Charging Standard.
