Transportation Secretary Pete Buttigieg has indicated the United States needs to source more minerals domestically and from friendly nations in order to meet new demands for electric vehicles (EVs). The supply chain for minerals used in EV batteries is heavily controlled by China. Buttigieg testified during a House Appropriations Committee hearing on Thursday that the…
Buttigieg: More Minerals From US and Friendly Nations Needed Amid Electric Vehicle Push
April 21, 2023
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Business & MarketsChinacongresscritical mineralselectric vehicle supply chainenergyExecutive BranchPoliticsRyan ZinkeTransportation Secretary Pete ButtigiegUSUS-China relations
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‘Silent Majority’ Doubtful About Electric Cars Being the Only Option: Toyota Chief
December 22, 2022
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all electric vehiclesAsia & PacificBusiness & MarketsCompanieseconomyelectric vehicle supply chainenergyEnvironmentEV adoptionScienceToyotaUSWorld
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Akio Toyoda, president of Toyota Motor Corp., has said that automakers pursuing an electric-only agenda does not reflect the market reality because the technology and infrastructure are yet to mature, while a “silent majority” that align with that perspective can’t speak out. “People involved in the auto industry are largely a silent majority,” Toyoda told…
Rising Electric Vehicle Production Costs May Lead to 1,350 Layoffs at Illinois Plant
December 11, 2022
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Business & MarketsCompanieseconomyelectric vehicle supply chainenergyEV problemsEV production costsIllinoisInvestmentLocal NewsMarketsRegional-Local NewsStellantisUSUS News
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Over a thousand employees at Stellantis’s assembly plant in Illinois are potentially set to lose their jobs as the company struggles with rising manufacturing costs. The Belvidere plant employs around 1,350 workers and is a site that manufactures the Jeep Cherokee SUV. Stellantis plans to indefinitely halt operations at the plant, which will result in…
Automaker Stellantis to Idle Illinois Plant, Citing Rising Electric Vehicle Production Costs
December 11, 2022
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Business & MarketsCompanieseconomyelectric vehicle supply chainenergyEV problemsEV production costsIllinoisInvestmentLocal NewsMarketsRegional-Local NewsStellantisUSUS News
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Automaker Stellantis will indefinitely idle an assembly plant in Illinois that employs around 1,350 workers, the company said, citing the challenge of rising costs related to the electric vehicle (EV) market and other factors. The site, which will be idled beginning in February 2023, manufactures the Jeep Cherokee SUV. Stellantis, the parent company of Chrysler, Dodge,…
Virginia, Washington, Massachusetts Could Follow California’s Gas Car Sales Ban
August 28, 2022
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Business & MarketsCalifornia Air Resources Board (CARB)economic policieseconomyelectric vehicle (EV)electric vehicle supply chainenergygas car banLocal NewsNorthern CaliforniaPolicies & ImpactsRegional NewsRegional-Local NewsSouthern CaliforniaUSUS News
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Following the California Air Resources Board (CARB) adopting rules seeking to restrict the sale of new gas cars in the state, Washington, Massachusetts, and Virginia could implement similar measures. According to CARB’s new rules, zero-emission vehicles (ZEVs) and plug-in hybrids (PHEVs) should make up 35 percent of new cars sold in California beginning 2026. This…
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