Tesla Eyes $3 Billion Boost From Chargers at Rivals’ Expense
Tesla Inc. may earn as much as $3 billion by 2030 thanks to deals with Ford Motor Co. and General Motors Co. for their electric vehicles to use its charging network, according to one analyst.
Lordstown Motors to Sue Foxconn Over Stalled Investment
Lordstown Motors Corp. intends to sue backer Foxconn Technology Group as the companies remain at odds over a stalled investment in the EV startup.
GM’s EVs Will Gain Access to Tesla’s Charging Network
DETROIT — Electric vehicles made by General Motors will be able to use much of Tesla’s charging network beginning early next year under an agreement the two companies announced June 8.
June 8, 2023EV Sales Are Soaring as Oil Use Is About to Peak
The share of electric vehicles in sales of new passenger vehicles is set to more than double globally in the next few years — to 30% in 2026.
Kentucky Pauses Incentives for Microvast Over China Concerns
NASHVILLE, Tenn. — Kentucky officials say they are pausing $21 million in economic incentives to Microvast for a proposed electric vehicle battery facility.
Tesla, Battery Partner Get $1.8 Billion From Biden’s IRA
Elon Musk is getting more firepower for his electric vehicle price war thanks to President Joe Biden’s signature climate legislation.
Rivian May Lose Nasdaq Spot After 90% Selloff
Rivian Automotive Inc. may get pushed out of the Nasdaq 100 Index as early as this month after plunging more than 90% from its record high, according to JP Morgan Securities.
US, EU Agree on Heavy-Truck Charging Standard
The U.S. and European Union have agreed that when a megawatt charging standard is developed for heavy trucks, it must be universal.
Stellantis’ Battery Plant Subsidy Likely to Top Volkswagen’s
Stellantis NV is likely to receive more in subsidies for a new electric vehicle battery plant in Canada than the $9.5 billion Volkswagen AG extracted for a similar project, says one expert.
Why Ford Chose Tesla for EV Partnership: It’s the Plug
Hours before Tesla Inc. and Ford Motor Co. announced their surprise charging partnership, Ford’s chief executive officer offered his take as to why the U.S. has been so slow to adopt electric vehicles.