The U.S. Department of Energy (DOE) announced on Monday the closing of a $2.5 billion loan to Ultium Cells LLC, a joint venture between General Motors and South Korea’s LG Energy Solution, aimed at financing the construction of three new lithium-ion battery cell factories. In a statement, the DOE said the loan will reinforce the “Biden-Harris Administration’s commitment…
Biden Admin Grants $2.5 Billion Loan to GM, LG Energy Solution to Build EV Battery Cell Factories
Georgia Joins Other States in Recent Announcements to Incentivize Electric Vehicle Production
December 9, 2022
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The Hyundai Motor Group (HMG) and SK On—a South Korean renewable energy technology firm—will be investing an estimated $4 billion to $5 billion in a northwestern Georgia county to build a battery manufacturing plant for electric vehicles (EV). Gov. Brian Kemp announced on Thursday that HMG and SK On have signed a memorandum of understanding…
South Carolina Incentivizes Electric Vehicle and Battery Production
December 6, 2022
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South Carolina has joined the growing list of states that are incentivizing the production of electric vehicles and their batteries. On Dec. 6, Republican Gov. Henry McMaster and Envision Automotive Energy Supply Company—a Japanese electric vehicle battery technology company—announced an $810 million investment in Florence County to build a battery cell plant that McMaster said…
Environment Canada Looking Into ‘Cost of Ownership’ of Electric Vehicles
The Environment Department is now conducting research into the cost of owning an electric vehicle, according to federal documents, a year after mandating 100 percent electric car sales in the country by 2035. A document titled “Total Cost of Ownership for Light Duty Vehicles in Canada,” [pdf] posted on the Government of Canada website on Dec. 2,…
Car Rental Fleets to Spur Electric Vehicle Uptake
Two in three Australian drivers would like to hire an electric vehicle before buying one, new research shows. The study by car rental firm Hertz also found more than half the driving population is considering an electric car for their next ride. But the purchase price, availability of public chargers and a lack of knowledge were…
Trudeau, Ford Mark Opening of New Ontario Electric Vehicle Factory
General Motors officially opened a factory in Ingersoll, Ont., today, making it the first assembly line production plant for electric vehicles in Canada, with both Prime Minister Justin Trudeau and Ontario Premier Doug Ford on hand to mark the opening. Trudeau told reporters at a news conference on Dec. 5, that the transformation of the…
Electric Vehicle Tax Cut Passes Senate
Thousands of dollars will be slashed from the price of some electric vehicles in Australia after the Senate approved a tax cut following last-minute negotiations with crossbench senators. The Electric Discount Car Bill is expected to pass into law on Friday after the Senate voted in favour of the proposal by 31 to 24 votes….
Electric Vehicles Less Reliable Than Gas Powered Automobiles, Consumer Reports Finds
Electric vehicles, including those from Tesla, are among some of the least reliable sold in the United States, according to the Consumer Reports 2022 Annual Auto Reliability survey released Tuesday. Consumer Reports (CR) is a nonprofit research, testing, and consumer advocacy organization. Each year, the organization surveys members to find out if they encountered any problems…
Government Climate Targets Will Cost $20 Billion Just for Electric Car Charging Stations
Canada will need 200,000 public chargers for electric vehicles (EVs) just to have a ratio of one charger to 24 EVs. The infrastructure required just to power these cars will cost an estimated $20 billion over the next three decades, a new report produced by the federal government concludes. All of this is required to…
California Voters Reject Millionaire Tax to Boost Electric Vehicle Use
November 10, 2022
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Business & MarketsCaliforniaeconomic policieseconomyElectric VehiclesenergyLocal NewsNorthern CaliforniaPolicies & ImpactsPoliticsRegional NewsRegional-Local NewsSouthern CaliforniaUS
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California voters on election day rejected a millionaire tax to boost electric vehicles (EVs) and and state wildfire response programs. Proposition 30 would have added a tax to promote the use of EVs by creating a Clean Cars and Clean Air Fund, which would be separate from the state’s general fund. Residents with an annual income of above…
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