Search Results Found For: "trump"

Tiger Group to auction battery manufacturing and R&D equipment valued at $74 million

Tiger Group has announced a two-day online auction, scheduled for November 12 and 13, to liquidate approximately $74 million in assets from Natron Energy’s closed sodium-ion battery R&D facility in Santa Clara, California, and its manufacturing plant in Holland, Michigan. The assets include battery manufacturing equipment and engineering tools suitable for EV and industrial battery… Read more »

Revised NEVI guidance will apparently allow states to proceed with EV charging projects

The US Department of Transportation has unveiled revised guidance for the National Electric Vehicle Infrastructure (NEVI) Formula Program. At the moment, it appears that some or all of the NEVI Formula projects in the pipeline can proceed. The NEVI Formula Program, established as part of the Inflation Reduction Act, provided $5 billion in funding that… Read more »

Archer Aviation raises $850 million to accelerate US eVTOL rollout

Archer Aviation has secured $850 million in new capital following the Trump administration’s recent executive order creating an eVTOL Integration Pilot Program to accelerate the deployment of electric vertical takeoff and landing (eVTOL) aircraft in the US. This funding brings Archer’s total liquidity to approximately $2 billion, reinforcing its position ahead of its planned electric… Read more »

Auction to offer battery manufacturing, EV powertrains and R&D equipment in Michigan

BIDITUP Auctions and Heritage Global Partners will host a webcast auction on July 9–10, 2025, featuring surplus assets from a Tier 1 EV battery and energy systems manufacturer in Detroit, Michigan. The event will include late-model production equipment, R&D instrumentation, and facility infrastructure—much of it unused or recently installed. Key EV battery production assets include… Read more »

Judge temporarily blocks US administration from withholding NEVI funds for EV charging infrastructure

A federal judge on Tuesday temporarily blocked the US administration from withholding funds awarded to 14 states including California, New York, Illinois and Washington under the National Electric Vehicle Infrastructure (NEVI) Formula Program, part of President Joe Biden’s Inflation Reduction Act. US District Judge Tana Lin in Seattle ruled that the states were likely to… Read more »

Two lithium processing projects added to federal permitting dashboard

The US Federal Permitting Improvement Steering Council has announced the federal permitting of two DOE-supported lithium processing projects. The projects—Kings Mountain and Liberty Owl—are aimed at increasing lithium processing capacity in the US in order to develop more secure domestic supply chains. The Kings Mountain, NC Project, owned by chemical manufacturer Albemarle, is receiving a… Read more »

NASCAR’s Head of Sustainability explains plan to reduce emissions

Has Hell frozen over? Is NASCAR going green? Well, yes and no. As company execs assured us at the recent Daytona 500 race, the races themselves will continue to be the noisy paean to petroleum that brings in so many millions of fans. However, there’s a lot that can be done both on and off… Read more »

Could a new administration claw back EV and renewable energy investments?

The Republican presidential candidate has said some pretty rude things about EVs over the years. In particular, he has called President Biden’s Inflation Reduction Act (IRA), which despite its name is mainly a package of incentives for EV adoption and domestic production of EV components and raw materials, a “green new scam,” and has promised… Read more »

Tesla scores a $5-million order from Baltimore for a fleet of EVs

From its early days, Tesla captured the imagination of car consumers, but when it comes to the fleet market, the company’s record has been more mixed. In January, rental giant Hertz announced plans to sell thousands of the Teslas it had purchased a couple years earlier, and replace them with gas-guzzlers. Competitor Sixt faced a… Read more »