Latest News

Latest News

DOE Releases Vision for Beneficially Integrating EVs into the Grid

DOE Releases Vision for Beneficially Integrating EVs into the Grid

Tuesday, July 16, 2024

The U.S. Department of Energy (DOE) today announced The Future of Vehicle Grid Integration: Harnessing the Flexibility of EV Charging, as part of DOE's EVGrid Assist initiative. Developed with broad stakeholder input, the document outlines a shared vision for vehicle-grid integration (VGI), where electric vehicles (EVs) are safely and securely connected to, reliably served by, and harmonized with the electric grid. 

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North American Battery and EV Supply Chain Investment Grew to More than $250 Billion by the End of 2023

North American Battery and EV Supply Chain Investment Grew to More than $250 Billion by the End of 2023

Monday, July 15, 2024

Cumulative battery and EV supply chain investment in North America grew to more than $250 billion by the end of 2023. Investment in battery and EV supply chains increased rapidly after the passage of the Bipartisan Infrastructure Law (BIL) on November 15, 2021, and the Inflation Reduction Act (IRA) on August 16, 2022. Investment by manufacturing product shows that cell production accounted for about half of all investments by the end of 2023, followed by EV assembly (22%) and minerals (12%).

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Electric cars cost less than similar gas cars over 5 years

Electric cars cost less than similar gas cars over 5 years

Sunday, July 14, 2024

In every state except Maine and West Virginia, the total cost of ownership for an EV over 5 years is less than a comparable gasoline vehicle. EV owners in Colorado, Illinois, Nevada and New Jersey will save more than $8,000 on their vehicle versus a comparable gasoline vehicle.

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Biden awards $1.7 billion to boost electric vehicle manufacturing and assembly in eight states

Biden awards $1.7 billion to boost electric vehicle manufacturing and assembly in eight states

Thursday, July 11, 2024

WASHINGTON (AP) — The Biden administration is awarding nearly $2 billion in grants to General Motors, Fiat Chrysler and other carmakers to help restart or expand electric vehicle manufacturing and assembly sites in eight states, including the presidential battlegrounds of Michigan, Pennsylvania and Georgia.

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Ford unveils new Capri EV with nearly 400 miles range and sports car performance

Ford unveils new Capri EV with nearly 400 miles range and sports car performance

Wednesday, July 10, 2024

The newest all-electric Ford is finally here. Ford introduced its Capri EV on Wednesday, a revival of a legend. The new all-electric Ford Capri features up to 390 miles (627 km) WLTP driving range and sports car-like performance.

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Toyota joins group of automakers to help build EV charging network

Toyota joins group of automakers to help build EV charging network

Wednesday, July 10, 2024

July 10 (Reuters) - Toyota (7203.T), opens new tab has joined a group of major automakers to back electric vehicle charging firm, IONNA, which is building a high-powered EV charging network across North America, the companies said on Wednesday.

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Carvana will apply a clean vehicle tax credit at checkout for used EVs

Carvana will apply a clean vehicle tax credit at checkout for used EVs

Wednesday, July 10, 2024

Carvana is now offering discounts of up to $4,000 at checkout for eligible used EVs and plug-in hybrids. The discount is essentially an advancement of the federal tax incentive for previously owned vehicles, but it lets customers reap the benefit immediately rather than waiting for tax refunds the following year.

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Biden-Harris Administration Announces $14 Million to Increase Domestic Battery Recycling

Biden-Harris Administration Announces $14 Million to Increase Domestic Battery Recycling

Tuesday, July 9, 2024

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced $14 million to increase consumer battery recycling and create a more sustainable domestic battery supply chain.

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In 2023 the United States Had Battery Recycling Facilities Capable of Reclaiming More Than 35,000 Tons of Battery Materials

In 2023 the United States Had Battery Recycling Facilities Capable of Reclaiming More Than 35,000 Tons of Battery Materials

Monday, July 8, 2024

Battery recycling will play a critical role in meeting the battery material needs for future EV production. As of 2023, the United States had enough domestic battery recycling capacity to reclaim 35,500 tons of battery materials. There are more facilities planned in the next two to four years to reclaim an additional 76,000 tons. 

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NASCAR unveils electric race car prototype in Chicago

NASCAR unveils electric race car prototype in Chicago

Monday, July 8, 2024

NASCAR unveiled its prototype electric race car over the weekend, marking a significant step in the company’s efforts to reduce emissions and increase electrification in the sport.

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