The House Ways and Means Committee and the Senate Finance Committee have released proposals to revamp the federal EV tax credit program. The two proposals will be reconciled, and the final version is expected to be included in the pending reconciliation package. The Zero Emission Transportation Association has published a detailed description of the two,… Read more »
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Bosch hopes to earn over a billion euros in sales this year from e-mobility
Tier 1 supplier Bosch offers a wide range of electromobility-related products, from e-bikes to construction machinery to silicon carbide chips to integrated e-axle modules. Now the company says it expects to generate more than 1 billion euros in sales from e-mobility this year. Bosch says it has invested some 5 billion euros in electromobility to… Read more »
Tesla buyers offered a choice between LFP or NCA battery packs
For most car buyers, their technical automotive knowledge amounts to this: they know a car has an engine (or motor), and they want the biggest, most powerful one they can afford. Early-adopting EV buyers seem likely to be a little more knowledgeable, and Tesla is taking the unprecedented step of giving buyers a choice between… Read more »
Toyota actively lobbies against support for EVs
Toyota has earned a place in the history of transport electrification. The Japanese automaker’s introduction of the Prius hybrid in 1997 was a milestone. Since then, the company has sold some 15 million hybrids worldwide, and has gradually added hybrid powertrains to more of its offerings—a majority of Toyota and Lexus models are now available… Read more »
VIA Motors to be acquired by Ideanomics
VIA Motors was founded in 2010, and got a lot of media attention thanks to Chairman Bob Lutz, the “Father of the Chevy Volt.” The original business plan was converting GM pickups and vans to PHEVs. Now the company plans to produce fully electric commercial vehicles for fleets. Ideanomics (NASDAQ: IDEX) has agreed to acquire… Read more »
UK charging platform Bonnet raises $1.3 million in new funding
UK startup Bonnet has raised £920,000 ($1.3 million) in new funding, including £850,000 in an equity financing round led by Ascension Ventures and a £70,000 grant from Innovate UK and OZEV (government-funded entities that promote the British EV industry). Bonnet is a charging platform designed to simplify paying for public charging. There are currently over… Read more »
ExOne and Maxxwell Motors develop 3D printing process for copper e-winding components
ExOne, an industrial sand and metal 3D printing company, is collaborating with Tennessee-based startup Maxxwell Motors to develop a copper e-winding design for its axial flux electric motors. The two companies have successfully 3D printed a high-efficiency copper e-winding design for an electric motor without rare earth magnets, eliminating some challenges that come from traditional… Read more »
Rivian files for IPO at $80 billion valuation
Rivian Automotive has filed for an initial public offering and is seeking a roughly $80 billion valuation, Bloomberg reports. The Irvine, California-based EV startup has submitted its S-1 registration to the Securities and Exchange Commission, and hopes to make its IPO around the Thanksgiving holiday. Among the thundering herd of EV startups, Rivian is widely… Read more »
Nissan aims to make BEVs 40% of US sales by 2030
Nissan has become the latest automaker to say it would like to sell more EVs in the US. The automaker announced its “intention” to make battery-electric cars over 40% of its US sales by 2030 (in addition to sales of hybrids and plug-in hybrids). Nissan also said that “every all-new Nissan vehicle offering in key… Read more »
Joby Aero completes 150-mile flight with electric VTOL air taxi
California-based Joby Aero has achieved an important milestone in the development of its electric air taxi, flying a full-size prototype vehicle more than 150 miles on a single charge, including a vertical take-off and landing. The flight was completed at Joby’s Electric Flight Base in Big Sur, California. The aircraft, piloted from the ground by… Read more »