The states committed to developing a plan within six months to identify barriers and propose solutions to support widespread electrification, including potential financial incentives and ways to boost EV infrastructure.
Continue Reading the above article '15 U.S. states to jointly work to advance electric...
The goal outlined by Hyundai Motor Group leader Euisun Chung comes as South Korea outlines a $94.6 billion plan to create jobs and help the economy recover from the coronavirus fallout, anchored in part by investment in electric vehicles and hydrogen cars.
Continue Reading the above article 'Hyundai, Kia target EV sales of 1 million in 2025...
The venture is aiming for an annual manufacturing capacity of 60,000 Audi A7Ls, alongside 60,000 new VW utility vehicles, according to a government document seen by Reuters.
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With a decision expected within a few weeks, the Austin-versus-Tulsa contest is heating up as Tesla and its CEO, Elon Musk, stoke a bidding war over tax breaks and other concessions that would reduce the factory's cost.
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The remarkable payout follows an equally remarkable ride for Tesla, whose shares have more than quadrupled this year and ballooned Musk’s net worth to $70.5 billion.
Continue Reading the above article 'Musk nears $2.4 billion haul as Tesla stock surge ...
The alliance combines the sector’s most-popular plug-in model -- the Tesla Model 3 -- with low-cost batteries in a market that last year bought more than three electric vehicles for every one sold in the U.S.
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The proceeds are expected to be used to bring the company's first product, the Fisker Ocean, to production in late 2022.
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Labor representatives said discussions over job cuts had become "rougher" as the automaker struggles with weaker sales and higher investments.
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Christian Senger will be replaced after clashes with the company and concerns about software problems with the ID3 full-electric compact and the eighth-generation of the Golf, German newspaper Handelsblatt reported.
Continue Reading the above article 'VW to replace software division boss, report says...
The crossover, just launched in March, is now priced from $51,190, including destination charges, down nearly 6 percent from a previous price of $54,190, becoming the fourth Tesla model to undergo a price cut in three months.
Continue Reading the above article 'Tesla slashes Model Y price by $3,000 as pandemic ...