California’s goal is to have 1.5 million zero-emission vehicles on the road by 2025 – more than 15 times the current number. The state offers a rebate of $2,500 to buyers of EVs, in addition to the $7,500 federal tax credit. However, sales remain well short of the rate needed needed to meet the ambitious… Read more »
Search Results Found For: "Lion Electric"
California bill gives renters the right to install charging stations
The California legislature has passed a bill designed to make it easier for property renters to install EV charging stations. Assembly Bill 2565 will give tenants the right to install charging stations at their homes or businesses if the tenant is willing to pay installation costs. Under current law, lease restrictions may add financial burdens… Read more »
Infineon to acquire International Rectifier, pioneer in wide-bandgap semiconductors
Infineon Technologies (OTC: IFNNF), Germany’s largest chipmaker, will acquire California-based International Rectifier (NYSE: IRF) for $40 per share in a $3 billion deal. International Rectifier specializes in power-management semiconductors. Particularly attractive to Infineon is IRF’s expertise in gallium nitride on silicon (GaN) semiconductors. According to Bloomberg, the acquisition will solidify Infineon’s position in GaN discretes… Read more »
LG Chem to supply batteries to Audi
Korean giant LG Chem has agreed to supply batteries to Audi for hybrids and plug-in hybrids, and the companies will collaborate on various future plug-in projects, according to Reuters. “The batteries will be used in Audi’s next-generation plug-in hybrid electric vehicles. Given that Audi shares many auto platforms with parent Volkswagen, we expect more such… Read more »
Renault-Nissan expands cooperation with Mitsubishi, may develop EV
Nissan and Mitsubishi have agreed to expand their current partnership, and could jointly develop an EV. The two companies already work together to build the little egg-shaped Kei cars (of which the Mitsubishi i-MiEV is one example) for the Japanese market. They now plan to develop vehicles for sale abroad, with Mitsubishi introducing two sedans… Read more »
July plug-in sales: LEAF sets 17th straight monthly record
July plug-in sales were lower than in May or June, but 2014 is still on track to handily beat 2013’s figure. Sales of the industry-leading LEAF surged to 3,019 in July, the 17th consecutive monthly record, and just a little shy of May’s all-time monthly best. The 2015 LEAFs are now available for adoption –… Read more »
Tesla quarterly report: progress on all fronts
Steady progress was the theme of Tesla’s second-quarter report, released after the bell on Thursday. Development of the Gigafactory is firmly on track – the company formalized a partnership agreement with Panasonic, and has broken ground at a site near Reno, Nevada. Although, the final location of the factory is still uncertain. “Consistent with our… Read more »
It’s official: Panasonic will make major investment in Tesla’s Gigafactory (Updated)
Originally posted 7/29/2014 Panasonic has reached a basic agreement to participate in Tesla’s Gigafactory. The battery-maker will likely invest 20-30 billion yen ($194-291 million) initially, according to Nikkei. Tesla plans to start construction this fiscal year, and to begin producing battery cells in 2017. The Californians will foot the bill for the land and buildings, and… Read more »
Tesla halts production to gear up for Model X
Tesla has halted production at its Fremont, California assembly plant as it prepares to begin cranking out the Model X, and accelerate production of the Model S. A $100-million upgrade will add 25 robots and boost production by 25 percent. “This represents the single biggest investment in the plant since we really started operations and… Read more »
25 US utilities now offer EV rates with an average equivalent “price per gallon” of $0.75
Electric utilities are a key part of the e-mobility revolution, and a growing number of them are getting on board. According to a new study by the Northeast Group, 25 utilities in 14 states currently offer rate structures tailored for EV owners – typically discounts for charging during off-peak hours. The enlightened energy providers include… Read more »