Japanese automaker Honda Motor Co. Ltd. and South Korean battery producer LG Energy Solution announced on Aug. 29 that the companies will invest in a new lithium-ion battery plant for electric vehicles (EVs) in the United States. The two East Asian companies are expected to shortly sign a joint venture agreement before proceeding with the…
Honda and LG Announce Plan to Invest $4.4 Billion in U.S. Electric Vehicle Battery Plant
August 29, 2022
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Asia & PacificBusiness & MarketsCompanieseconomic policieseconomyelectric vehicleenergyEV batteriesHonda MotorInvestmentLG ElectronicsUSWorld
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Electric Vehicle Owners to Be Hit Hard by Soaring Energy Prices: Report
Electric vehicle (EV) owners will be badly hit by a steep rise in energy prices, UK motoring group RAC has warned. Ofgem, the UK’s energy regulator, announced on Aug. 26 that the energy price cap for around 24 million households in England, Scotland, and Wales will rise by 80.06 percent on Oct. 1, sending the…
Democrats Obstruct Their Electric Vehicle Push With Surprising Tax Credit Requirements
Whether wanted by consumers or not, the federal government’s electric vehicle (EV) transition is in full swing, and Democrats hyped the recent passage of the Inflation Reduction Act (IRA) as an accelerant to this evolution. Further, gas prices’ continual pounding of people at the pump spurred consumers’ EV interest to 36 percent, according to a 2022…
Inflation Sends Car Ownership Costs Soaring to Over $10,000 a Year: AAA
Owning and operating a new car has become increasingly more expensive over the last year, driven predominantly by inflation and rising fuel prices, according to the American Automobile Association’s (AAA’s) annual “Your Driving Costs” report. The overall average cost to own and operate a new car in 2022 is $10,728 on an annual basis, or $894…
Inflation Sends Car Ownership Costs Soaring Above $10,000 a Year: AAA
Owning and operating a new vehicle has become increasingly more expensive over the past year, driven predominantly by inflation and rising fuel prices, according to AAA’s annual “Your Driving Costs” report. The overall average cost to own and operate a new automobile in 2022 is $10,728 on an annual basis, or $894 per month; that’s a…
Panasonic Boosting EV Battery Production for Tesla by 10 Percent: Report
Panasonic Holdings is set to increase the production of electric vehicle batteries at Tesla Gigafactory Nevada by roughly 10 percent by 2024, according to reports. Nikkei Asia reports that Panasonic is looking to meet increased battery demand by optimizing the Nevada factory and sending production supervisors from Japan to the U.S. factory, which is a joint operation between Tesla and Panasonic. Panasonic…
What Does the Push to Phase out Fossil Fuel Cars Achieve?
July 22, 2022
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AustraliaAustralian Capital Territorybatteryclimate changecost of livingelectric vehicleEVOpinionsnowy hydroViewpointsWorld
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Commentary The Australian Capital Territory (ACT) has become the first Australian government to legislate the phase-out of fossil fuel-powered vehicles. The new policy heralds a ban on the sale of internal combustion engine vehicles, which will come into effect in 2035. The timing is interesting. Three successive energy security crises have dominated the news cycle…
What Does the Push to Phase out Fossil Fuel Cars Actually Achieve?
July 22, 2022
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AustraliaAustralian Capital Territorybatteryclimate changecost of livingelectric vehicleEVOpinionsnowy hydroViewpointsWorld
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Commentary The Australian Capital Territory (ACT) has become the first Australian government to legislate the phase-out of fossil fuel-powered vehicles. The new policy heralds a ban on the sale of internal combustion engine vehicles, which will come into effect in 2035. The timing is interesting. Three successive energy security crises have dominated the news cycle…
Battery Replacement of Family’s EV Ford Focus Would Cost More Than Car Itself
A Florida family who just a few months ago purchased a battery-powered vehicle learned an unforgettable lesson after their car suddenly stopped working. The parents of Avery Siwinski, a 17-year-old of St. Petersburg, spent $11,000 on a used 2014 Ford Focus Electric that had 60,000 miles at the time it was bought, WTSP-TV reported. “In March,…
Australian Capital Territory’s Labor-Green Government to Ban Sale of Petrol, Diesel Cars by 2035
July 18, 2022
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AustraliaAustralian Capital TerritoryBusiness & Marketseconomic policieseconomyelectric vehicleEVsInternationalShane RattenburyWorld
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The Australian Capital Territory (ACT) is the first jurisdiction in the country to set a hard date for an end to the sale of fuel and diesel-burning vehicles. The Labor-Greens-led ACT government will phase out internal combustion vehicles by 2035, and aim by 2030 (in just eight years) to have 90 percent of new car…
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