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.
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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.
Average age of U.S. cars hits record in fifth straight annual increase
Cars on U.S. roads are as old as they’ve ever been, potentially complicating efforts to expand the use of new safety and emissions-reduction technologies.
Lithium sector needs $42 billion as pivot from China adds costs
The forecast comes as Europe and North America look to reduce their dependency on Chinese imports and develop their own lithium production. China has enjoyed a stranglehold over the lithium supply chain.
Electric vehicle commission is setting stage for industry growth in state
Members are conducting research on everything from the capabilities of Indiana’s current auto manufacturers to potential opportunities for research and development within the EV product industry.
U.S. energy chief touts $3B plan to boost EV batteries
U.S. Energy Secretary Jennifer Granholm said the new program will offer grants to companies that process or recycle battery components to increase domestic supplies of a market now dominated by China and other countries.
GM to offer electrified Corvette as early as next year
GM has set a goal of building only electric passenger vehicles by 2035. It has pledged to have 30 electric vehicle models for sale globally by 2025.
Japan’s Nissan plans ‘game-changing’ electric car batteries
The all-solid-state battery is stable enough to be used in pacemakers, Nissan said. When finished, it will be about half the size of the current battery and fully charge in 15 minutes, instead of a few hours.
U.S. electric-vehicle tax credits ending for new Toyota buyers
The lack of credits is problematic for automakers shifting from petroleum-powered vehicles to batteries in the effort to reduce emissions, meet government fuel-economy standards and fight climate change.
House Dems tell Postal Service to pump brakes on gas-guzzling truck contract
The Postal Service’s plan falls well short of White House goals to move the entire federal civilian fleet to electric vehicles by 2035. The mail agency’s 217,000 vehicles make up the largest share of the government’s civilian vehicles.
GM, Honda plan to co-develop affordable electric vehicles
The plan is to have an electric vehicle that is priced lower than the upcoming Chevrolet Equinox EV. GM plans to roll out an electric Equinox small SUV next year with a starting price of around $30,000.
U.S. agency opens probe into electric vehicle batteries
The National Highway Traffic Safety Administration says the probe covers more than 138,000 vehicles with batteries made by LG Energy Solution of South Korea and used by General Motors, Mercedes-Benz, Hyundai, Stellantis and Volkswagen.
INDOT issues request for information for EV charging infrastructure plan
In its request for information released Monday, INDOT is soliciting feedback and recommendations from stakeholders, such as utilities and energy and fuel companies, for the planning, coordination and development of charging networks across the state.
Elon Musk takes 9.2% stake in Twitter; shares skyrocket
Twitter shares exploded 26% in premarket trading after the Securities and Exchange Commission filing showed that Musk snapped up more than 73 million shares, valued at $2.89 billion.
U.S. seeks new lithium sources as demand for batteries grows
The U.S. will need far more lithium to achieve its clean energy goals, but the industry that mines, extracts and processes the chemical element faces a host of challenges from environmentalists, Indigenous groups and government regulators.
U.S. Postal Service doubles number of electric delivery trucks in initial order
The Postal Service formally placed its initial $2.98 billion order for 50,000 vehicles with at least 10,019 of them being battery-electric vehicles. That represents a doubling of electric vehicles from the initial plan.
Ford splitting electric vehicle, traditional operations into two individual businesses
Ford plans a major restructuring with two distinct but strategically interdependent auto businesses–Ford Blue focusing on traditional combustion engines and Ford Model e, which will develop electric vehicles.
Lawmakers lay groundwork for electric-vehicle infrastructure
House Bill 1221 outlines parameters for utility regulators to use when considering utilities’ proposals for constructing charging stations and setting consumer rates for their use.
Tesla recall: ‘Full self-driving’ software runs stop signs
The recall of nearly 54,000 cars and SUVs shows that Tesla programmed its vehicles to violate the law in most states, where police will ticket drivers for disregarding stop signs.
GM to spend nearly $7B on EV, battery plants in Michigan
The state’s economic development board on Tuesday approved $824 million in incentives and assistance for Detroit-based General Motors.