We talk about the 5 measures that will fasten the EV adoption in this article. The electric vehicle adoption rate in developed countries like US is decent. However in India, EVs are receiving huge response from the crowd. Tata Nexon EV, India’s best selling electric SUV had registered sales figures of 35,000 way back in … Read more
Toyota has announced investment of $2.1 billion in its new U.S. battery facility in North Carolina. The manufacturer also announced assembly of battery electric SUVs would begin at the company’s factory in Kentucky beginning in 2025. There will be six battery manufacturing lines at the plant, four for hybrid electric cars and two for battery … Read more
Ford will start offering adapters for its electric car customers to use Tesla Superchargers in the first quarter of 2024. The adapter will allow Ford EVs to use over 12,000 Tesla Superchargers located in the United States and Canada. This will be added to the BlueOval Charge Network’s over 10,000 EV quick chargers. Today saw … Read more
The construction of Hyundai-LGES factory in Georgia is expected to begin during the latter part of 2023, with battery manufacturing set to begin by the end of 2025. Hyundai and LG have said that its annual manufacturing capacity of 30 GWh would be sufficient to enable the yearly manufacture of 300,000 EVs. Both Hyundai Motor … Read more
The US Department of Energy has announced $99.5 million investment for EV projects. Currently, 45 EV projects have been awarded a total of $87 million. This new fiscal year 2023 grant opportunity was made available by the DOE’s Vehicle Technologies Office (VTO). The total of $99.5 million is earmarked towards the development of battery packs … Read more
Maserati Quattroporte EV would be based on STLA Medium Architecture platform. The Quattroporte EV would an electric range in excess of 450 km. It would be offered with an AWD configuration. According to reports, the Maserati would be launched in the later part of 2023. The deliveries are expected to commence in 2024. The design … Read more
LG Energy Solutions had announced last year that it would invest $1.3 Billion, but due to growing EV demand it announced $5.5 Billion investment on Friday, quadrupling its prior investment for a battery factory in Arizona. The Arizona factory would cater to manufacturing batteries for electric cars and trucks. The battery complex situated near Phoenix … Read more
Ford Motor Company ‘s electric vehicle unit has lost nearly $3 Billion is past two years and is due to lose some what same amount this year thanks to new technology investment. Although the company is confident that their EV Unit – “Model E” will turn profitable soon. Ford released their figures earlier and announced … Read more
Ford Motor Company has unveiled its Explorer EV for European markets. The move has been seen as part of Ford’s ambitious plan for electric vehicles. By introducing Explorer EV Ford is leveraging on the well known brand “Explorer”. The new Ford Electric SUV will be manufactured in Germany. Thanks to Volkswagen and Ford’s partnership, the … Read more