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Latest News

Waymo is now valued at a staggering $45 billion

Waymo is now valued at a staggering $45 billion

Friday, November 1, 2024

After getting a hefty $5.6 billion in fresh capital last week, Alphabet’s autonomous driving unit Waymo is now reported to be valued at more than $45 billion.

Automotive News reported that the latest round of financing led by Google-owned Alphabet included outside investors. Alongside an expanded partnership with Uber, the influx of cash will help the company expand its Waymo-One robotaxi service in San Francisco, Los Angeles, Phoenix, and beyond, delivering more than 150,000 paid trips each week.

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Democrats Are Treating a Big Win as a Liability

Democrats Are Treating a Big Win as a Liability

Thursday, October 31, 2024

Thanks to incentives that President Joe Biden's administration has championed in the Inflation Reduction Act and other legislation, Michigan alone could see 50,000 or more new jobs by 2030 brought on by the boom in electric vehicles. And yet, in a new ad, Slotkin all but disavows EVs, telling voters, “I live on a dirt road, nowhere near a charging station, so I don’t own an electric car.”

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Biden-Harris Administration Announces Nearly $45 Million to Slash Electric Vehicle Battery Recycling Costs

Biden-Harris Administration Announces Nearly $45 Million to Slash Electric Vehicle Battery Recycling Costs

Thursday, October 31, 2024

WASHINGTON D.C. –  As part of the Biden-Harris Administration’s historic Investing in America agenda, the U.S. Department of Energy (DOE) today announced $44.8 million in funding from the Bipartisan Infrastructure Law (BIL) for eight projects that will lower costs of recycling electric drive vehicle batteries and electric drive vehicle battery components, with the long-term aim of lowering vehicle costs. 

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The US is on the cusp of a lithium boom to loosen China's grip on EVs

The US is on the cusp of a lithium boom to loosen China's grip on EVs

Thursday, October 31, 2024

Within the past month, the Biden administration has approved the Rhyolite Ridge lithium-boron mine in Nevada and loaned $2.6 billion to the company developing Thacker Pass, another lithium mine in the state. A project in California's Salton Sea started construction earlier this year. The three sites, expected to come online between 2026 and 2028, would massively increase the US's lithium supply. Since the 1960s, only one site, Silver Peak, in Nevada, has operated in the country.

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Blink to Provide EV Chargers for State of Illinois

Blink to Provide EV Chargers for State of Illinois

Wednesday, October 30, 2024

Blink Charging Co. has been awarded a nearly $2 million grant to own and operate electric vehicle chargers for the state of Illinois. The grant, awarded by the Illinois Environmental Protection Agency (Illinois EPA), sets the stage for Blink Charging and Illinois to collaboratively help provide public charging solutions for employees, residents and visitors.

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The US reaches milestone of 200,000+ public EV charging ports

The US reaches milestone of 200,000+ public EV charging ports

Wednesday, October 23, 2024

The US just hit a major electric vehicle milestone: There are now more than 200,000 public EV charging ports nationwide.

This achievement, announced yesterday by the US Joint Office of Energy and Transportation, demonstrates the momentum of expanding EV charging infrastructure. The Joint Office’s Q3 2024 update on August 30 showed an increase in three months of around 9,000 ports to nearly 192,000 public EV charging ports. This latest announcement shows an increase in the number of ports of around 9,000 in just seven weeks.

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DOE Announces up to $46 Million to Advance Hydrogen and Fuel Cell Technologies and Drive National Goals

DOE Announces up to $46 Million to Advance Hydrogen and Fuel Cell Technologies and Drive National Goals

Wednesday, October 23, 2024

The U.S. Department of Energy (DOE) today released a notice of funding opportunity (NOFO)* for up to $46 million to accelerate the research, development, and demonstration (RD&D) of affordable clean-hydrogen and fuel cell technologies. 

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Stellantis to launch fleet of EVs fitted with Factorial solid-state batteries

Stellantis to launch fleet of EVs fitted with Factorial solid-state batteries

Wednesday, October 23, 2024

MILAN, Oct 23 (Reuters) - Carmaker Stellantis will launch by 2026 a demonstration fleet of vehicles fitted with solid-state batteries from U.S. startup Factorial, the two companies said on Wednesday.

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LG is now taking orders for its first DC fast charger in the US

LG is now taking orders for its first DC fast charger in the US

Wednesday, October 23, 2024

LG Business Solutions USA is now taking orders for the first LG DC fast charger in the US, which is being built in Texas.

LG’s new Level 3 charger is a stand-type model with a connected Power Bank that provides fast charging up to 175 kW.

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US working 'as fast as we can' to finalize EV conversion grants, official says

US working 'as fast as we can' to finalize EV conversion grants, official says

Tuesday, October 22, 2024

DETROIT, Oct 22 (Reuters) - U.S. Energy Secretary Jennifer Granholm said on Tuesday the department is working "as fast as we can" to finalize $1.7 billion in grants to fund the conversion of plants to build electric vehicles and components.

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