TOKYO, Feb 21 (Reuters) - Toyota Motor Corp (7203.T) will begin producing mid- to large-sized electric sports utility vehicles (SUVs) at its Kentucky plant as early as in summer 2025, aiming for monthly output of more than 10,000 by the year's end, the Nikkei business daily reported on Tuesday.

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According to Argonne National Laboratory, most battery cells and battery packs in plug-in electric vehicles (PEVs) sold in the United States from 2010 to 2021 were domestically produced. In terms of total energy capacity in gigawatt-hours (GWh), 57% of battery cells and 84% of battery packs were produced in the United States. The three largest foreign suppliers in cell production were Japan, South Korea, and Poland. Japan, Germany, and South Korea were the largest foreign suppliers of battery packs. While the majority of cells were produced in the United States, they may contain materials...Read More

General Motors CEO Mary Barra said Thursday that GM will stand apart from other traditional car companies this year as it completes its transformation to a technology company. But she admits that GM is nowhere near to getting battery costs down enough to make electric vehicles as profitable as their gasoline-powered counterparts.

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Lawmakers for the European Union put an expiration date on the sale of new cars with combustion engines, approving legislation on Tuesday that in effect bans vehicles powered with diesel or gasoline from automobile showrooms beginning in 2035.

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