California, Washington plan to prohibit sales of new gas vehicles by 2035
The move by the California is likely to reshape the U.S. auto market, which gets 10% of its sales from the nation’s most populous state.
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Battery maker seeks tax break to build potentially massive plant in Indiana
A joint venture between General Motors Co. and LG Energy Solution has filed a tax abatement application for a facility in New Carlisle that—based on similar projects elsewhere—could bring more than $2 billion in investment and more than 1,000 jobs to northern Indiana.
Car-charging investment soars, driven by EV growth, government funds
More than $4.8 billion has been pumped into the electric-vehicle charging industry this year—a combination of roll-out announcements, debt financing, investment and acquisitions. And this is just the deals that have disclosed financial figures.
Most electric vehicles won’t qualify for proposed federal tax credit
A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large.
Ford touts ample battery supply deals to hit electric vehicle goals
Ford would not comment on a report that it could lay off as many as 8,000 employees to cut expenses to finance its ambitious EV goals. It called the report by Bloomberg News speculation.
U.S. Postal Service to boost purchases of electric vehicles
The Postal Service now wants 50% of its initial purchase of 50,000 next-generation vehicles to be electric, up from the previous plan for 20% being electric.
Indiana ponders implementation of electric vehicle charger networks
It is part of a nationwide push to add at least 50,000 chargers for electric vehicles. Indiana will receive almost $100 million in federal funding with an explicit push to prioritize disadvantaged communities and rural areas.
Panasonic picks Kansas for $4B, 4,000-employee battery mega-factory
The company and Gov. Laura Kelly announced the new project Wednesday, just hours after Kelly and eight top leaders of the Kansas Legislature signed off on a package of incentives worth $829 million over 10 years.
Stellantis warns of car market collapse if EVs don’t get cheaper
One of Europe’s biggest automakers warned after a landmark deal to phase out combustion engines that the industry is doomed unless electric vehicles get less expensive.
Slovakian startup announces plans for Indiana battery plant
InoBat Auto, a Slovakian company that launched in 2019, said Thursday that it plans to open battery R&D and production sites in Indiana, in partnership with New York City-based Ideanomics Inc.
Electric vehicle business with big plans for Indiana to file for bankruptcy
Electric vehicle startup Electric Last Mile Solutions Inc. planned to use a 650,000-square-foot plant that was formerly used to make Hummers to manufacture “last mile” battery-powered, urban delivery vans.
Automakers ask Congress to lift electric vehicle tax cap
In a letter to leaders of the Senate and House of Representatives on Monday, the chief executives of Ford, Toyota, GM and Stellantis asked that tax credits be extended to anyone who seeks to buy a qualified vehicle.
Stellantis lands lithium hydroxide supply for EV batteries
Automaker Stellantis has reached a deal to have Controlled Thermal Resources Ltd. supply battery-grade lithium hydroxide for its electric vehicles in North America.
Ford CEO sees electric vehicle price war as EV costs decline
Ford CEO Jim Farley predicted big cost reductions are coming with new battery chemistries that use fewer expensive and scarce precious metals such as nickel and cobalt. Plus, EVs will take less time and labor to build, saving more money, he said.
IBJ Podcast: What Indiana’s auto industry must do to adapt to EVs
Podcast host Mason King talks with Ananth Iyer, a professor of management at Purdue’s Krannert School of Management, who is part of a group studying the potential disruption in the auto industry and how Indiana manufacturers can adapt.
2022 Innovation Issue: Allison Transmission is investing for the age of the electric vehicle
Allison Transmission Inc. has invested $335 million over the past four years in product development, strategic acquisitions and new facilities and capabilities, including a new Innovation Center and a separate vehicle testing center at its West 10th Street headquarters campus.
2022 Innovation Issue: Growth of EVs has government, private companies scrambling to develop charging infrastructure
Indiana transportation and energy leaders, driven by millions of dollars in federal, state and private funding, are advancing a spate of new initiatives to bulk up the state’s electric vehicle charging infrastructure.
2022 Innovation Issue: Telamon moves into EV charging
A Q&A with Reggie Henderson, president of Telamon Energy Systems, discusses the company’s newest endeavor.
Incentive deal for Kokomo battery plant the largest in state history
The Indiana Economic Development Corp. laid out a substantial incentive package to lure the joint venture, with tax credits and investments totaling at least $186 million.
Stellantis plans $2.5B electric-vehicle battery plant in Kokomo, 1,400 jobs
The companies said the investment could grow to $3.1 billion as Stellantis—formed last year with the merger of Fiat Chrysler and France’s PSA Peugeot—ramps up production of electric vehicles.