Search Results Found For: "VW"

Koch Brothers turn their wrath (and their wealth) on EV subsidies

The good news: EV sales are growing steadily. The bad news: They’ve now grown enough to attract the attention of Big Oil, which is planning a multi-million-dollar counterattack. Citing “refining industry sources,” the Huffington Post reports that a consortium of fossil fuel interests is making plans to form a new advocacy group that hopes to… Read more »

Porsche to invest a billion euros at EV plant

As Porsche begins work on its first pure EV, it is embarking on a major program of capital investment. Reuters reported that the company will invest about 1 billion euros ($1.12 billion) at its Zuffenhausen plant, where the new EV is in development. Chief Executive Oliver Blume said that the company has “many new products… Read more »

Motorola invests in magnesium-ion battery startup Pellion

Motorola Solutions has invested an unspecified amount in Pellion Technologies, a startup that was founded by a team of MIT researchers. Pellion is focused on commercializing magnesium-ion battery technology. Because magnesium is divalent, it can displace double the charge per ion that lithium can, and the element is more abundant and more stable. Magnesium-ion batteries… Read more »

Volkswagen CEO: Europe needs to take the lead in electric mobility

Since the public humiliation of the diesel debacle, Volkswagen’s execs have had much to say about producing more electrified vehicles. Speaking at the company’s New Year’s party in Brussels, CEO Matthias Müller promised that the Volkswagen Group would concentrate on sustainability “more than ever before,” and confirmed plans to introduce about 20 new plug-in models… Read more »

Tesla leads the pack as overall 2015 plug-in sales fall short

2015 was a year of retrenching and preparation for the future in the EV industry. US sales for the year were around 116,000, falling short of 2014’s figure of 123,000. The Tesla Model S grabbed and held the lead position, handily outselling all other plug-ins in the US with 25,700 deliveries. However, the big news… Read more »

Volkswagen Group to boost investments in EV tech by €100M

As the Volkswagen Group works to control the damage from its emissions cheating scam, it plans to cut planned investments in property, plant and equipment for next year by about €1 billion. One area, however, will see an increase. VW plans to boost spending on electrification technologies by €100 million, continuing its development of electric… Read more »