Hyundai and battery supplier SK On are partnering to meet the new battery sourcing requirements of the Inflation Reduction Act (IRA). The IRA continues the $7,500 federal EV tax credit, but to qualify for the full amount, it stipulates that EVs and their battery packs must be assembled in North America, and certain minerals used in batteries must... Hyundai, battery supplier SK ally to meet US EV sourcing rules
Hyundai and battery supplier SK On are partnering to meet the new battery sourcing requirements of the Inflation Reduction Act (IRA). The IRA continues the $7,500 federal EV tax credit, but to qualify for the full amount, it stipulates that EVs and their battery packs must be assembled in North America, and certain minerals used in batteries must... 
Ford on Wednesday confirmed that it’s already produced 150,000 of its Mustang Mach-E electric crossovers. The milestone highlights how much Ford has already accelerated production of the popular electric vehicle, which executives originally suggested was bound for 25,000 to 30,000 U.S. sales annually—with a total achievable volume of... 
Mercedes-Benz has revealed some very encouraging efficiency news for its upcoming eSprinter electric vans, set to be built in South Carolina later in 2023—and for the carbon footprint of the companies they’ll be serving. The automaker recently conducted a real-life cargo-delivery-van range and efficiency run with the eSprinter, and it... 
GM’s Ultium has reached China, with the Chevrolet FNR-XE Concept EV revealed last week. The concept, which was developed in Shanghai, was shown as part of GM’s Tech Day for China. It’s the first concept for China that wraps in GM’s battery and propulsion architecture for scaling up EVs with local SAIC-GM resources. On a... 
Vietnamese automaker Vinfast reported last week that it had shipped its first batch of 999 VF 8 electric SUVs for the U.S., with the first deliveries due before the end of the calendar year. The EVs departed Hai Phong, Vietnam, Nov. 25 for what is scheduled to be a 20-day voyage to California, where they'll be offloaded and sent to customers... 
As automakers aim to produce more electric cars and trucks, Caterpillar has shown that battery-electric powertrains can scale up to something much larger. The company recently demonstrated a mammoth electric mining truck at its Green Valley, Arizona, proving ground to representatives of mining companies that are looking to reduce greenhouse gas... 