For BP, car chargers to overtake pumps in profitability race
BP says its fast electric vehicle chargers are on the cusp of becoming more profitable than filling up a petrol car. The milestone will mark a significant moment for BP Continue Reading
Batteries included? Northvolt goes all out to meet 2021 launch goal
Northvolt Chief Executive Peter Carlsson wants to take on his old boss Elon Musk with the greenest electric vehicle batteries in the world. But he needs to start producing them Continue Reading
Battery Resourcers to open North America’s largest Li-ion battery recycling facility by August
Battery Resourcers, a vertically integrated lithium-ion battery recycling and engineered materials company, plans to open a commercial-scale, lithium-ion battery recycling facility in Covington, Ga. When the 154,000-square-foot facility is fully Continue Reading
Volkswagen Group nearly doubles BEV deliveries in 2021 to 452,900 units; 5.1% of total deliveries
Volkswagen drove forward its transformation into a sustainable, software-centric mobility group in 2021 and approximately doubled its deliveries of battery-electric vehicles (BEV) year-on-year to 452,900 units. These now account for Continue Reading
China’s Consumers Risk FOMO (fear of missing out) as Electric Cars’ Popularity Soars
Stay on top of the electric car revolution by signing up to our Hyperdrive newsletter here . Welcome to 2022 from Beijing. After the explosive growth last year in China’s Continue Reading
Why Tesla Soared as Other Automakers Struggled to Make Cars
For much of last year, established automakers like General Motors and Ford Motor operated in a different reality from Tesla, the electric car company. G.M. and Ford closed one factory Continue Reading
Automakers announce range of new EVs, EV concepts at CES 2022
Highlights Chrysler to offer first pure EV in 2025, go all-electric by 2028 Turkey’s TOGG revealed country’s first two EVs for availability in late 2022 GM, Mercedes-Benz, BMW among other Continue Reading
Vinfast announces all-electric strategy and full electric vehicle lineup; halting ICE production by end of year
At CES 2022, Vietnam-based VinFast announced its new development strategy and revealed its complete electric vehicle lineup covering five segments. VinFast said will stop producing vehicles with internal combustion engines Continue Reading
U.S. Ramps Up Battery Production With 13 New Gigafactories
13 new battery cell gigafactories are expected to come online in the U.S. by 2025. The next decade will be defined by a massive increase in utility-scale storage GM, Ford, Continue Reading
Titans of Carmaking Are Plotting the Overthrow of Elon Musk
Volkswagen ID.3 electric cars inside a delivery tower at the automaker’s factory in Dresden, Germany. Volkswagen and Toyota are coming for Tesla, laying out $170 billion worth of investments to Continue Reading
Auto Makers Supercharge Move Into Electric Vehicles – WSJ
General Motors Co. GM -4.56% showed off an electric Chevy Silverado. The Chrysler brand is ditching gas engines and going to an all-electric lineup. And Japan’s Sony Group Corp. SONY 0.02% plans to jump into the electric-vehicle fray, creating its Continue Reading
Sony Looks to Sell Its Own Electric Vehicles
Sony Group Corp. said it would create a car unit and explore entering the electric-vehicle market, in another sign of how the electronics and car businesses are overlapping. At the CES Continue Reading
Imagine Virginia’s traffic jam but with only electric vehicles
Sometime after 3 a.m. Tuesday, as an epic 48-mile winter traffic jam on Interstate 95 in Virginia dragged on, a long-haul trucker from Canada heard a knock at the door of his cab. It Continue Reading
The Biggest Challenge Facing Biden’s Electric Vehicle Infrastructure Plan
The Biden Administration recently unveiled an ambitious plan to build a network of electric vehicle charging stations across the country. Fast chargers are needed, because the amount of time it Continue Reading
Tesla Reports 87% Growth in Annual Vehicle Deliveries
Tesla Inc. TSLA -1.27% annual vehicle deliveries surged 87% in 2021, growing at their fastest pace in years, as the company leveraged its Silicon Valley roots to overcome computer-chip shortages that have plagued the global auto Continue Reading
Tesla dodges supply woes to deliver record number of vehicles
Tesla smashed its own production and delivery records in the final months of last year, shrugging off supply chain and other problems to hand customers the keys to more than Continue Reading
Top Automakers Are Fueling A Battery Plant Boom In The U.S.
The biggest names in the auto industry are racing to build battery plants in the United States. The Department of Energy’s Vehicle Technologies Office has listed 13 new battery plant Continue Reading
Northvolt kicks off battery cell production at Swedish gigafactory
Commissioning, upscaling of Ett gigafactory to continue through into 2022 Company to boost output capacity at Ett to 60 GWh/year over next few years Swedish battery maker Northvolt assembled its Continue Reading
New York City to invest $420M in electric vehicles and infrastructure; all-electric fleet by 2035
The City of New York will invest $420 million in electric vehicles, charging infrastructure, and alternative fuels to accelerate the transition to an all-electric municipal vehicle fleet. The new investments, Continue Reading
A Graphite Shortage Could Derail The EV Boom
The key to the momentous global energy transition is what Goldman Sachs calls the “great battery race”, and while attention has been absorbed by lithium, one critical mineral in the Continue Reading
Ford launches zero-carbon electric vehicle home charging initiative in California
Ford is launching a new sustainable charging program that allows plug-in electric vehicle owners in California to opt into carbon-neutral charging at home, reducing their carbon footprint from energy used Continue Reading
GM begins deliveries of first Ultium-based EVs: GMC Hummer pickup and Brightdrop EV600
General Motors has begun deliveries of its first next-generation electric vehicles, the GMC HUMMER EV Edition 1 Pickup and BrightDrop EV600 light commercial vehicle, both built on the Ultium Platform. Continue Reading
IHS Markit sees supply crunch coming for electrical steel; potential disruptor of OEM electrification plans
The rapid growth of the hybrid and electric vehicle segment could potentially cause demand for electrical steel to outpace supply from 2025, according to a new report by a team Continue Reading
The UK Is Slashing EV Grants Once Again
For the second time this year, the UK is slashing the grants available to buyers of electric vehicles (EVs) as it looks to curb spending and targets less expensive models. Continue Reading
The World’s Top Automakers Are Doubling Down On Electric Vehicles
The world’s biggest automakers are planning to spend over a half a trillion dollars on electric vehicles and batteries over the next decade. Toyota, Nissan and Volkswagen are all recently Continue Reading
Toyota to spend $35bn on electric push in effort to take on Tesla
Toyota said it will pour $35bn into a shift towards electric vehicles as the world’s biggest carmaker sets itself up for direct rivalry with Tesla and joins other groups in Continue Reading
Toyota to introduce 30 BEV models by 2030, boost battery spending to ¥2T
In a media briefing in Tokyo, Toyota Motor president Akio Toyoda said that Toyota Motor will roll out 30 battery EV models by 2030, globally offering a full lineup of Continue Reading
Toyota will send its hybrids to the breaker’s yard
Toyota Motor (7203.T) will make another major strategic shift in the coming months. The $250 billion Japanese carmaker in December dramatically increased its electric-vehicle ambitions. But the company run by Continue Reading
White House announces electric vehicle charging plan to reach 2030 sales goal
The White House unveiled Dec. 13 a plan to increase access to electric vehicle charging infrastructure as part of President Joe Biden’s goal for electric vehicles to account for half Continue Reading
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
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
European auto suppliers warn shift to electric would put 500,000 jobs at risk
Half a million jobs would be at risk under EU plans to effectively ban combustion-engine cars by 2035, according to European auto suppliers, the latest in a series of stark Continue Reading
Saving the dinosaurs: Startups drive to electrify fossil-fuel cars
You can save your prized Aston Martin DB6, Porsche 911 or Mustang from the museum of combustion engine history. Or your Fiat 500 and Renault Clio, for that matter. That’s Continue Reading
Mandate vs. Choice: The Debate Is Heating Up Over Electric Vehicle Policy
U.K. Prime Minister Boris Johnson announced that from 2022, new homes and commercial buildings will be required to install EV charging points. This new regulatory framework has sparked a debate Continue Reading
Nissan to Spend $17.6 Billion on Battery-Powered Vehicles Over Five Years
Nissan NSANY -3.55% Motor Co. said Monday it plans to spend $17.6 billion over the next five years as it adds 20 new battery-powered vehicles to its lineup. The company hopes to recapture Continue Reading
Hertz-Tesla Deal Signals Broad Shift to EVs for Rental-Car Companies
Car-rental customers could soon see more electric-vehicle options on airport lots and other places where they are looking to reserve a ride. The rental-car industry, long a big bulk-purchaser of Continue Reading
The Electric Vehicle Charging Market Could Be Worth As Much As $1.6 Trillion
Electric vehicle sales have soared by 160% over the past year, and the trend is showing no sign of slowing. More than 300 million new EV charging ports will be Continue Reading
Shell to construct and operate battery swapping stations with Nio in China and Europe
China-based EV maker NIO has entered into a strategic partnership with Shell to further its involvement in electric vehicle and energy industries globally. As part of this new strategic cooperation Continue Reading
The EV Industry Is Desperate For New Lithium Supply
Lithium is once again rallying as automakers go all-in on electric vehicles. Demand for lithium is set to see a prolonged rally, prompting buyers to scramble to secure long-term contracts. Continue Reading
BMW eDrive Zones for PHEVs now available in 138 European cities
The BMW Group is introducing its innovative eDrive Zones in another 20 European cities, including Copenhagen, Verona and Toulouse. A total of 138 cities in Europe are now benefiting from Continue Reading
BlackRock, Carmakers to Pour $787 Million Into Charging Network
BlackRock Inc. is joining automakers including BMW AG , Volkswagen AG and Ford Motor Co. as shareholders in electric-car charging consortium Ionity GmbH , contributing to a 700 million-euro ($787 Continue Reading
Ford Looks To Bring Semiconductor Manufacturing Stateside
Among a litany of the challenges, the ongoing semiconductor shortage has weighed on U.S. automotive manufacturers. Despite solid demand, sales have faced strong headwinds from the part shortages, paired with Continue Reading
EPA Mileage Report Highlights Need for EVs to Meet Biden’s Goals
The U.S. Environmental Protection Agency ’s calculation of modest gains in carmakers’ fuel economy last year spotlight the need for a rapid increase in electric vehicles if the industry is Continue Reading
Johnson Adds Thousands of U.K. Charging Points for EV Boost
Prime Minister Boris Johnson will set out plans for a dramatic expansion of the U.K.’s electric-vehicle charging network by 2030 when the government will ban the sale of new gasoline Continue Reading