Germany sets out 500 million euros for electric car charging

Berlin, Germany

The German economy ministry wants to set out 500 million euros ($567 million) from Berlin’s bumper stimulus package for lending supporting to the roll-out of charging stations for electric cars, two government sources informed Reuters on Tuesday. The amount, part of 2.5 billion euros specifically intended at expanding electric vehicle infrastructure, will be aimed at […]

Volkswagen board officially agrees with Ford alliance projects

Volkswagen and Ford

Volkswagen stated on Thursday its supervisory board had accepted several projects in a multibillion-dollar alliance with Ford Motor that was first declared last July. The German automaker said various contracts between the two automakers were nearing completion and would be signed soon. Among the shared projects specified by Volkswagen include a midsize pickup to be […]

Polestar’s first all-electric vehicle to start at $59,900 in the US

Volvo Polestar 2

Polestar, the electric performance brand spun out of Volvo Cars, stated the base price of its first all-electric vehicle is going to be $59,900 in the United States, lower than originally assumed. The 2021 Polestar 2, an electric performance fastback, is the first electric vehicle to come out of a brand that was reintroduced three years earlier. Polestar […]

Not investing in UK electric car battery production could cost jobs, study says

a busy london street

The UK auto industry risks losing out to Europe in the race to create significant battery factories that are important to the sector’s future, putting jobs at risk throughout the country, a government-backed research body has cautioned. A failure to attract so-called gigafactories for making batteries for electric cars could cost the UK 105,000 jobs by 2040, […]

Electric car subsidies extended in £1.3 billion green vehicles drive in UK

a busy london street

The UK government revealed a £1.3 billion ($1.66 billion) effort to clean up Britain’s cars in its Budget with additional subsidies for electric vehicle buyers and an increase for charging stations, along with funds to curb inner-city pollution. The plans were welcomed by the automotive industry, which is attempting to increase sales of battery cars […]

General Motors launches advanced electric batteries for its electric cars

General Motors

General Motors on Wednesday introduced Ultium, a battery with higher capacity and fast charging abilities, to power its upcoming line of electric vehicles. The Detroit-based company stated majority of its new electric vehicles will have Ultium’s 400-volt battery packs, where as its truck platform will have 800-volt batteries. Well-known brands owned by the automaker such […]

Hyundai signs development deal with electric car startup Canoo

canoo images

Korean automaker Hyundai Motor expanded its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies stated last week. It was the second such deal declared in recently by Hyundai and sister company Kia Motors, which in mid-January stated they would spend $110 million in UK startup Arrival […]

Meeting CO2 targets in 2020, 2021 a challenge, says Daimler CEO

Daimler logo

Daimler will not give up the profitability of next-generation electric vehicles, CEO Ola Kaellenius stated on Tuesday, as the automaker is having a somewhat hard time to meet more strict European Union anti-pollution rules. Ola Kaellenius Daimler will not give up the profitability of next-generation electric vehicles, CEO Ola Kaellenius stated on Tuesday, as the […]