Latest News

Latest News

BorgWarner to invest $500M in Wolfspeed, securing up to $650M in annual capacity for SiC devices

BorgWarner to invest $500M in Wolfspeed, securing up to $650M in annual capacity for SiC devices

Thursday, November 17, 2022

Wolfspeed and BorgWarner announced a strategic partnership that calls for BorgWarner to invest $500 million in Wolfspeed’s new $1.3-billion financing transaction in exchange for a silicon carbide device capacity corridor.

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The new Toyota Prius has a huge power boost and even better fuel efficiency

The new Toyota Prius has a huge power boost and even better fuel efficiency

Wednesday, November 16, 2022

CNN — 

Toyota unveiled an all-new version of its famous Prius hybrid car Wednesday just ahead of the Los Angeles Auto Show. It’s lower, longer and sleeker looking, with just less than a 10% improvement in the model’s vaunted fuel efficiency. Bigger gains come in terms of power and performance.

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BloombergNEF Report Shows Heavy Adoption of Zero-Emission Vehicles

BloombergNEF Report Shows Heavy Adoption of Zero-Emission Vehicles

Wednesday, November 16, 2022

The adoption of zero-emission vehicles accelerated in the past year across almost all markets and vehicle segments, according to the 2022 Zero-Emission Vehicles Factbook recently published by research company BloombergNEF (BNEF).

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Biden-Harris Administration Announces Nearly $74 Million to Advance Domestic Battery Recycling and Reuse, Strengthen Nation's Battery Supply Chain

Biden-Harris Administration Announces Nearly $74 Million to Advance Domestic Battery Recycling and Reuse, Strengthen Nation's Battery Supply Chain

Wednesday, November 16, 2022

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced nearly $74 million in funding from President Biden’s Bipartisan Infrastructure Law for 10 projects to advance technologies and processes for electric vehicle (EV) battery recycling and reuse. Since President Biden took office, more than 1.2 million EVs have been sold in America—more than triple the number of EVs on the road before he took office—and the rate of EV adoption continues to grow at a rapid pace.

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EV battery makers race to develop cheaper cell materials, skirting China

EV battery makers race to develop cheaper cell materials, skirting China

Tuesday, November 15, 2022

Nov 15 (Reuters) - U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could reduce China's battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles (EVs).

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Volvo Manufactures Electric Trucks with Fossil-Free Steel

Volvo Manufactures Electric Trucks with Fossil-Free Steel

Thursday, November 10, 2022

Volvo has begun using fossil-free steel in manufacturing its trucks. The first heavy-duty electric trucks with fossil-free steel are now being delivered to customers.

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San Diego Gas and Electric Studies Vehicle-to-Grid Tech with General Motors

San Diego Gas and Electric Studies Vehicle-to-Grid Tech with General Motors

Thursday, November 10, 2022

San Diego Gas & Electric (SDG&E) and General Motors (GM) have signed an agreement to investigate the feasibility of integrating bidirectional electric vehicles (EV) into the electric grid as a local energy resource.

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Department of Energy Announces $12 Million to Help Expand Domestic Sources of Lithium

Department of Energy Announces $12 Million to Help Expand Domestic Sources of Lithium

Wednesday, November 9, 2022

Today, the U.S. Department of Energy (DOE) issued a $12 million Funding Opportunity Announcement (FOA) to support the extraction and conversion of lithium from geothermal brines to use in batteries for stationary storage and electric vehicles. This investment will support projects that strengthen and diversify the lithium supply chain—an important step on the path to achieving the Biden Administration’s goals of a net-zero clean energy economy by 2050 and 50% electric vehicle adoption by 2030.

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Automakers, foreign governments seek changes to U.S. EV tax rules

Automakers, foreign governments seek changes to U.S. EV tax rules

Wednesday, November 9, 2022

WASHINGTON, Nov 8 (Reuters) - Hyundai Motor Group (005380.KS) and other automakers want the United States to delay implementation of new electric vehicle tax credit rules that make vehicles assembled outside North America ineligible.

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EVs and hybrids account for 43% of third-quarter EU new car sales

EVs and hybrids account for 43% of third-quarter EU new car sales

Thursday, November 3, 2022

LONDON, Nov 3 (Reuters) - Electric and hybrid vehicles accounted for 43% of sales of new cars in the European Union in the third quarter, data from the European Automobile Manufacturers Association (ACEA) showed on Thursday.

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