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Hyundai Faces Challenges in Obtaining Electric Vehicle Tax Credits in the United States

Negotiations between Hyundai Motor and the U.S. government concerning tax incentives for the Korean automaker’s USD 5.5 billion EV plant in Georgia have yet...

Six Companies, Including BYD and CATL, are Included in the U.S. Procurement Ban List

The U.S. lawmakers is reportedly attempting to further drive the “decoupling” of the Pentagon’s supply chain from China. According to sources cited by Bloomberg,...

Americans Buy Nearly 1.2 Million Electric Vehicles to Hit Record in 2023

As the shift toward an electrified future continues, a record-breaking nearly 1.2 million U.S. vehicle buyers chose to go electric last year, according to...

Deloitte: Electrification Momentum Slows Amid Economic Headwinds

Future cost concerns remain a key obstacle to new powertrain adoption; consumers weigh connected and subscription service offerings Key takeaways In the U.S., intent to purchase...

Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

Constrained economic expansion will translate to slow growth across the new, used and wholesale auto markets, but 2024 is expected to be the best...

Samsung Partners With IDEMIA to Bring Mobile Driver’s Licenses to Samsung Wallet

Samsung Electronics America announced it is bringing mobile driver’s licenses and state IDs to Samsung Wallet. Arizona and Iowa will be the first states...

Climate change is about to play a big role in government purchases – with vast implications for the US economy

Jesse Burkhardt, Colorado State University and Lauren Gifford, Colorado State University Each year, the federal government purchases about 50,000 new vehicles. Until recently, almost all...

Analysis of Reasons Behind Reports of Layoffs at Tesla’s Shanghai Factory

Tesla’s Shanghai factory has reportedly initiated layoffs among its battery assembly workforce. Industry sources suggest that the majority of the layoffs will affect employees...

Hyundai and SK On to Establish EV Battery Cell Production Joint Venture in US

Hyundai Motor Group announced its plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK...

Stardust Power to Build New Battery-Grade Lithium Refinery in Central United States

Stardust Power Inc. an American developer of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, announced its plan to build a...

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