Category: Electric and Hybrid Vehicles

In Ohio, Electric Cars Are Starting to Reshape Jobs and Companies

The state, heavily dependent on the auto industry, is a case study in whether electric vehicles will create or destroy jobs.
End of the Gas-Engine Camaro Opens a New Door for Muscle Cars

G.M. is ending production of the classic American sports car, but executives say an electric version is likely. Corvette is already planning one.
Jury Says Tesla Must Pay Worker $3.2 Million Over Racist Treatment

A former Tesla factory worker, who is Black, challenged a judge’s earlier award of $15 million, but came away with less in a new trial.
Tesla Sales Jumped in the First Quarter

The New York Times – Business:
The electric car company’s decision to slash prices appears to have paid off in reviving demand.
New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The New York Times – Business:
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
Lawmakers Rebuke Biden for Bypassing Congress in Deal With Japan

The New York Times – Business:
The Democratic lawmakers called the Biden administration’s limited trade deal “unacceptable,” saying it should have been made available to Congress and the public for review.
Germany and E.U. Agree to Exception in Planned Ban on Combustion Engines

The New York Times – Business:
Berlin has been pushing to allow the sale of vehicles running on synthetic fuels past 2035. Its dispute with the E.U. threatened the bloc’s climate goals.
LG Will Spend $5.5 Billion on a Battery Factory in Arizona

The New York Times – Business:
Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.
Germany Pushes for Exception in Law Banning Combustion Engines

The New York Times – Business:
Berlin and Brussels are scrambling for a solution after Germany calls for allowing cars to run on synthetic fuels. The move could endanger the E.U.’s climate goals.
Falling Lithium Prices Are Making Electric Cars More Affordable

The New York Times – Business:
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
A Hungarian Town Seethes Over a Giant Chinese Battery Plant

The New York Times – Business:
A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.
Volkswagen Will Invest $193 Billion in Electric Cars and Software

The New York Times – Business:
The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.