SALZGITTER, Germany, July 7 (Reuters) - Volkswagen (VOWG_p.DE)and its partners will invest over 20 billion euros ($20.38 billion) in a battery cell business, creating 20,000 jobs and targetting annual sales above 20 billion euros by 2030 as it seeks to beat U.S. rival Tesla which leads in the growing market.

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WASHINGTON – To support President Biden’s commitment to building out a national electric vehicle charging network and making electric vehicles accessible and affordable to more Americans, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the latest round of Alternative Fuel Corridor designations. Under the new National Electric Vehicle Infrastructure (NEVI) Formula Program established by President Biden’s Bipartisan Infrastructure Law, funding is directed to designated EV Alternative Fuel Corridors to serve as the backbone for the...Read More

Toyota Motor said it sold its 200,000th plug-in electric vehicle during the second quarter, triggering a phaseout of U.S. tax incentives of up to $7,500 for people who buy the cars.

The Japanese automaker joins Tesla and General Motors in initiating a phaseout of the credit for future consumers who purchase an all-electric or plug-in hybrid electric vehicle. The milestone comes at an inopportune time, with Toyota ramping up production of its new all-electric bZ4X.

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A group of autonomous vehicle developers and business leaders is calling on California Gov. Gavin Newsom to revisit rules prohibiting large trucks with autonomous driving capabilities from public testing in the state, arguing California stands to reap both environmental and economic benefits of the emerging technology. 

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