Biden Releases Money in Push to Modernize US Electric Grid
The federal government said April 27 it was making more than $8 billion available to build and improve the nation’s transmission lines as part of its efforts to improve America’s aging electric grid and meet President Joe Biden’s ambitious clean-energy goals.
N.Y. Bill Orders All-Electric Truck Sales by 2045
ALBANY, N.Y. — The state Senate on April 26 passed a bill that would essentially mandate that all new passenger cars sold in the state run on electric power by 2035 and trucks and other heavy duty vehicles run on electricity by 2045.
Unpaid Taxes Another Troubling Sign for Lordstown Motors
CLEVELAND — The failure of Lordstown Motors, an Ohio-based electric truck startup, to pay $570,000 in real estate taxes due in early March is yet another troubling sign for a company that has been barraged by bad news this year.
Secretary Pete Buttigieg Unveils New Alternative Fuel Corridor Designations
Transportation Secretary Pete Buttigieg announced a new round of Alternative Fuel Corridor designations as part of the Biden administration’s push to advance electric vehicle charging infrastructure.
Sen. Tom Carper Says USPS Should Buy More Electric Vehicles
The U.S. Postal Service should include more electric vehicles in its new fleet than it first envisioned when it awarded a $6 billion contract to Oshkosh Corp., a U.S. senator told nominees to the service’s board.
Stellantis CEO Vows to Accelerate Carmaker’s Electric Shift
Stellantis NV CEO Carlos Tavares pledged to speed up the company’s electric shift, vowing that cars with a battery will account for more than a third of its European sales by mid-decade.
EV Maker Polestar Raises $550 Million From New Investors
Polestar, the electric carmaker controlled by Volvo Car AB and its owner Zhejiang Geely Holding Group Co., has raised $550 million from new investors to help fund its growth.
Audi Takes On Tesla’s Model Y With Entry-Priced Electric SUV
Audi’s new Q4 e-tron will go head-to-head with Tesla Inc. in the fast-growing market of compact crossover SUVs to help parent Volkswagen AG narrow its electric-car sales gap with the world leader.
Skyrocketing Metal Prices Threaten to Hinder EV Affordability
A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption.
EV Shift Becomes Life-or-Death Risk for Automakers
The shift to electric vehicles won’t happen like the flip of a light switch.