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US awards $3 bn for EV battery production

Seeking to counter China, US awards $3 billion for EV battery production in 14 states

The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production.

Newsweek on MSN · 16h

U.S. Awards $3 Billion for EV Battery Production to Counter China

The $3 Billion financial grants will fund 25 projects in 14 states, including election battleground states such as Michigan and North Carolina.

Inc · 12h

U.S. to Distribute $3 Billion in Grants to 25 Battery Makers

The Energy Department says the boost to battery makers and suppliers willl support 12,000 production and construction jobs.

EU, EV

Bloomberg L.P. · 2d

Europe’s EV Sales Plunge Has Carmakers Seeking EU Relief

Germany, hit by bad economic news in recent weeks, led a drop in European car sales last month as demand for electric vehicles cratered.

Reuters on MSN · 1d

EU car sales at 3-year low in August, EV sales plunge 44%

New car sales in the European Union fell 18.3% in August to their lowest in three years, dragged down by double-digit losses in major markets Germany, France and Italy and sliding electric vehicle (EV) sales,

Carscoops on MSN · 1d

European EV Sales Plummet 44% As Automakers Scramble For Solutions

The EV market in Europe is facing a “continual downward trajectory,” according to ACEA. In August, EV sales dropped 43.9%, while the overall market fell 18.3% year-on-year. Automakers seek a smoother transition to zero-emission mobility amid sluggish EV demand.

Redwood Signs Deal To Recycle BMW EV Batteries in US

The Economist · 1d

Most electric-car batteries could soon be made by recycling old ones

Although 70% of the world’s reserves of lithium carbonate (from which it is mined) are in Argentina, Australia and Chile, processing it into a form suitable for use in batteries is a business currently dominated by China.

The Verge on MSN · 1d

BMW will recycle old EV batteries with Redwood Materials

BMW of North America struck a deal to recycle lithium-ion batteries from all of its electrified vehicles with Redwood Materials, the companies announced today. The German automaker said it would instruct its dealers to send old batteries from all of its electrified models,

Carscoops on MSN · 14h

BMW Will Recycle All Of Its Old EV Lithium-Ion Batteries In The US

The car manufacturer will work with leading battery recycler Redwood Materials to recycle the lithium-ion batteries used in its electric, plug-in hybrid, and mild hybrids models,

12h

House backs measure to overturn Biden auto emissions rule that Republicans say would force EV sales

The Republican-controlled House approved a resolution Friday that would overturn a new Biden administration rule on ...

PCMag on MSN9h

Rivian CEO: 'Extreme Lack of Choice' Is Hampering EV Sales Growth

Speaking at an event in D.C., RJ Scaringe predicts that the industry will not only get over the affordability hump but make ...

1don MSN

It's a great time to buy a used EV

The used EV market is more favorable than ever, with low prices and younger cars.

18hon MSN

Vietnamese EV maker VinFast reports wider sequential gross loss

(Reuters) -Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs ...

2don MSN

Tesla sold more Cybertrucks than almost all other EV trucks combined

The Tesla Cybertruck gets a lot of hate for its polarizing design and even more polarizing creator. However, the Cybertruck ...

BYD’s Southeast Asian partner explains what helped the Chinese EV brand break out overseas: Putting the steering wheel on the right side

Sime Darby, No. 25 on the Fortune Southeast Asia 500, is working with BYD to sell EVs in Singapore and Malaysia.

15h

Used EV prices in the DC market are down 27%, bargains, but beware

Vehicle search site iSeeCars.com said the average price of a used 1- to 5-year-old EV in the D.C. market has dropped 27.4% ...

GM Authority9h

Chevy Equinox EV To Debut Soon In The Middle East

The Chevy Equinox EV will officially debut in the coming days in the Middle East, where it will be on display at the upcoming ...

TopSpeed9h

Here’s How Long Your EV Battery Will Really Last

Owning an EV over a long period means that you'll have to eventually get the modules in your battery pack replaced, and ...

8hon MSN

A Russian warlord who seemingly put a machine gun on a Cybertruck says Elon Musk 'remotely disabled' the militarized EV

Ramzan Kadyrov previously claimed the pickup was a gift from Musk and suggested he might send it into war against Ukraine.

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