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General Motors Launches European All-Electric Venture with Cadillac LYRIQ

General Motors Launches European All-Electric Venture with Cadillac LYRIQ

General Motors introduces the all-electric Cadillac LYRIQ to Europe, commencing in Switzerland. This expansion underscores GM's dedication to sustainability and luxury in the electric vehicle market, representing a major step towards a greener automotive future.

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Inflation Reduction Act Spurs $92 Billion Investment and 84,000 Jobs in U.S. EV Manufacturing: Report

The Inflation Reduction Act fuels a $92 billion surge in U.S. electric vehicle manufacturing, generating 84,000 jobs. This comprehensive legislation positions the nation as a global leader, driving innovation and economic growth in the rapidly evolving EV industry.

India's Epsilon Advanced Materials to Invest $650M in U.S. Battery Materials Manufacturing Facility

Epsilon Advanced Materials (EAM) to invest $650 million in a North Carolina EV battery facility, creating 500 jobs and targeting 1.10 million EVs by 2030, addressing supply chain challenges.

Saudi's PIF and Hyundai Forge Strategic Joint Venture to Produce 50,000 Electric and ICE Vehicles Annually

PIF and Hyundai establish a strategic joint venture to build an advanced auto manufacturing plant in Saudi Arabia. With PIF holding a 70% stake, the project plans to produce 50,000 ICE and EVs annually, fostering job creation and knowledge transfer, and advancing the Kingdom's automotive industry.

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England to be the first country to require new homes to include EV chargers

The British government has announced to introduce a new legislation in 2021, under which all new home construction will be required to feature electric vehicle charging installations. The newly constructed offices will also have to provide charging infrastructure for every 5 parking spaces as they are also part of the

Tesla Beats Porsche At Nürburgring, Claims To Have Set A New Record

Germany, September 9: The Tesla Model S Plaid has set a new electric lap record at the famous Nürburgring Nordschleife racetrack in Germany, with a lap time of 7:30.909, CEO Elon Musk confirmed on Twitter. He stated that the car used was completely unmodified, directly from the factory.

Toyota to spend more than USD 13.5 bn to deliver its EV battery tech and its supply system by 2030

In an effort to lead the way in the key automotive technology over the next decade, Japanese multinational automotive manufacturer, Toyota is anticipated to spend more than USD 13.5 billion by 2030 to develop batteries and its battery supply system. The world's largest motor vehicle manufacturer which established hybrid

BMW Orders Batteries Worth $24 Billion Amid Increasing EV Demand

BMW AG has increased orders for battery cells to maintain pace with accelerating demand for electric automobiles which accounted for more than 11% of deliveries during the first half of 2021. The Munich-based company has commitments of more than 20 billion euros ($23.8 billion) for batteries, up from 12

OFGEM Rolls Out New EV Plan To Unlock Full Benefits For consumers

The Office of Gas and Electricity Markets, supporting the Gas and Electricity Markets Authority, devised a new strategy to ensure that the infrastructure and technology are in place for the rapidly multiplying number of EVs on the road. With an expected 14 million EVs by 2030, Ofgem’s plan includes:

Piaggio, Honda, Yamaha, KTM Set Up A Consortium To Encourage The Use of Swappable Batteries

Following the signing of the Letter of Intent on March 1, Italian scooter maker Piaggio Group (PIA.MI) along with Yamaha Motor Co., KTM AG, and Honda Motor Co. Ltd, encouraged the use of swappable batteries for electric motorcycles and light electric vehicles and finally signed the agreement for the

Tesla may release $25K electric car with no steering wheel

At a recent company-wide meeting, Tesla’s CEO revealed that it is aiming to start the production of a new $25,000 electric car in 2023, Electrek.co reported, citing sources who attended the meeting. The Tesla chief also claimed that the electric vehicle is going to be fully autonomous