California Gov. Gavin Newsom has proposed significant cuts to clean energy and transportation programs designed to help the state confront the worsening effects of climate change.
January 10, 2024electric vehicle News Updates
EV Subsidies Trimmed in California’s Proposed Budget Cuts
EV-Charging Firms Could Struggle With Finances in 2024
U.S. electric vehicle charging installations fell significantly last year as companies grappled with financial challenges, according to a BloombergNEF report.
January 9, 2024Battery Maker LG Energy Posts Earnings Miss Amid Weak Demand
Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue.
January 9, 2024Goodyear Unveils Plans for Sustainable EV Tires at CES
The Goodyear Tire & Rubber Co. is developing a product for electric vehicles that it says will bolster their competitiveness against gas-powered vehicles by extending tire duration.
January 9, 2024VinFast Names Vietnam’s Richest Billionaire New CEO
VinFast, the Vietnamese electric carmaker building a multibillion-dollar factory in North Carolina, has replaced its CEO and CFO in the company's latest executive shuffle.
January 8, 2024GM Misses 2023 EV Goal by Half as Production Woes Persist
General Motors Co. missed its goal of producing 150,000 electric vehicles last year, with about half of them being new models built using its Ultium battery pack, by a significant margin.
January 4, 2024VW Sees Positive Results for Potential Breakthrough Battery
Volkswagen said its battery startup has seen positive results with solid-state cells for electric vehicles, a win for the carmaker as it pushes to make EVs more efficient and less expensive.
January 3, 2024Tesla Beats Q4 Delivery Forecast, Falls Behind BYD Globally
Tesla Inc. delivered more vehicles than expected in the fourth quarter, though not enough for the Elon Musk-led company to stay ahead of China’s BYD Co. in global electric car sales.
January 2, 2024Electric Car Models Eligible for $7,500 Tax Credit Cut to 13
The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1.
January 2, 2024US Weighs More Tariffs on Chinese Goods, Including EVs
President Joe Biden’s administration is weighing a tariff increase on Chinese electric vehicles and other goods, according to people familiar with the matter.
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