WASHINGTON—Rental car firm Hertz Global Holdings said on Monday it would buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar, the latest move by the rental car firm to add zero-emission models. Hertz said Polestar cars would be available beginning this spring in Europe and later in 2022 in North…
Hertz to Buy up to 65,000 Electric Vehicles From Polestar
April 5, 2022
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Fears Electric Vehicles Will Remain Unaffordable in Australia as Queensland Spends $45 Million on Subsidies
The Queensland state government will be handing out $3,000 to brand new electric vehicle (EV) buyers in a bid to drive up the uptake of low emissions transport amid concerns high EV costs remain out of range of everyday Australians. The deal will apply to the first 15,000 Queenslanders looking to buy EVs under $58,000,…
Is California’s Mission to Reach Zero-Emissions Possible? | Mark Mills
California is planning to spend $10 billion on battery-powered vehicles and ban the sale of gas-powered vehicles by 2035. But is this going to make us greener? My guest is Mark Mills, physicist and senior fellow at the Manhattan Institute. He explains how shifting to zero-emission vehicles might not be as green as we think….
Tesla Locks in Lithium Megadeal from Australia Amid Global Shortfall
February 17, 2022
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Tesla has inked a five-year agreement to secure a significant stock of lithium from Australia as competition for global supplies sends prices of the mineral skyrocketing. Liontown Resources plans to commence production in 2024 at its flagship Kathleen Valley lithium project in Western Australia, where it will supply Tesla with 100,000 tonnes of lithium concentrate…
Electric Car Sales Soared During Supply Chain Crisis: Report
January 28, 2022
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IRVINE, Calif.—Sales of electric cars surged to a record level in the fourth quarter of 2021, defying industry-wide inventory constrains and overall slow sales of new cars, according to a report released on Jan. 28 by Irvine-based Kelley Blue Book. According to the report, almost 148,000 electric vehicles sales occurred in 2021’s fourth quarter, a…
Startup ONE Says Battery Prototype Delivered 750-Mile Range
DETROIT—Our Next Energy (ONE), a two-year-old Michigan startup, said on Wednesday it had tested a prototype of its new battery in a Tesla Model S, driving 752 miles before recharging. ONE aims to begin producing battery packs that will deliver similar range—about double that of most existing electric vehicles—by late 2023, according to Mujeeb Ijaz,…
GM’s Electric Commercial Vehicle Unit Signs Deals With Walmart, FedEx
January 6, 2022
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General Motors announced at the Consumer Electronics Show (CES) in Las Vegas on Jan. 5 that its electric commercial vehicle business, BrightDrop, has signed a new deal to supply thousands of battery powered trucks to Walmart and will supply additional units to FedEx. The financial terms of the two deals have not yet been disclosed…
NTD Business Full Broadcast (Dec. 15)
The Fed scaling back its economic stimulus amid concerns about persistent inflation. We have analysis. Global Fashion Icon Chanel hires a new CEO, and it’s sending shockwaves across the industry. The U.S. getting another battery plant, this time from electric bus-maker Proterra. Will the U.S. catch up to China in the electric vehicle race?
Aggressive Zero-Emission Vehicle Quota Plan Draws Fire From Critics
Environment Minister Stephen Guilbeault wants to put a mandate in place by early 2023 that would require auto dealers to meet increasingly higher annual goals for selling zero-emission vehicles. In a plan critics say is impractical, the federal government aims to have half of all new passenger cars sold in Canada be zero-emission by 2030,…
General Motors Building Electric Vehicle Supply Chain in America
December 10, 2021
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General Motors has announced two separate deals on Thursday under which the company will develop a domestic supply chain based in the United States for sourcing rare earth magnets, alloys, and materials for its Ultium platform electric vehicles. Indicating a move away from dependence on China, the world’s largest electric vehicle (EV) market, General Motors…
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