Toyota, in Reversal, Says It Will Shift More Rapidly to EVs
Toyota Motor Corp. TM -3.42% on Tuesday stepped up its commitment to battery electric vehicles, saying it would have 30 EV models available by 2030 and aimed to sell 3.5 Continue Reading
Harris unveils plan for electric vehicle charging network
The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the Continue Reading
German carmakers condemn Biden’s electric-vehicle subsidy plans
German carmakers have criticized US president Joe Biden’s plans to offer bigger subsidies to buyers of American electric vehicles from unionized manufacturers than to those purchasing imported models or those Continue Reading
GM Plans More Than $3 Billion for Electric-Vehicle Projects in Michigan
General Motors Co. GM 6.02% plans to invest more than $3 billion to make electric vehicles in Michigan, people familiar with the matter said, a potential win for the car maker’s home state after Continue Reading
Electric Vehicles Are Going to Dent Oil Demand—Eventually
Electric passenger vehicle sales are on a tear. In the first quarter of 2010, 395 EVs were sold worldwide. Last quarter, more than 1.7 million were sold — of those, Continue Reading
EIA Slashes 2021, 2022 Oil Demand Forecasts
Global oil demand could see downside risks due to the Omicron variant, the U.S. Energy Information Administration (EIA) said on Tuesday, slashing its world oil consumption forecasts for both 2021 Continue Reading
bp acquires EV fleet charging provider AMPLY Power; first major step into electrification in the US
bp took its first major step into electrification in the US with the acquisition of AMPLY Power, an electric vehicle (EV) charging and energy management provider for fleets that operate Continue Reading
Toyota selects North Carolina Greensboro-Randolph Site for new US automotive battery plant; 1.2M electrified vehicles/year
Toyota Motor North America has selected Greensboro-Randolph Megasite as the location for Toyota’s new $1.29-billion automotive battery manufacturing plant, to be named Toyota Battery Manufacturing, North Carolina (TBMNC). When it Continue Reading
The Lithium Tech That May Send The EV Boom Into Overdrive
The electric revolution is the biggest change the auto industry has seen since Ford invented the assembly line in 1913. But an impending supply shortage has put one critical resource Continue Reading
British Airways, Phillips 66 sign sustainable aviation fuel supply agreement
British Airways and Phillips 66 Limited have entered into a multi-year supply agreement for sustainable aviation fuel produced at the Phillips 66 Humber Refinery, making the airline the first in Continue Reading