Electric Cars News

Rental car firm Hertz Global Holdings will buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar

Lucid Group Inc on Tuesday said it has signed an agreement with the government of Saudi Arabia under which the latter will purchase 50,000 vehicles, with an option to buy an additional 50,000 vehicles during the ten-year time frame.

Stellantis group's RAM teased an electric version of its RAM 1500 pickup truck which is scheduled to hit the market by 2024.

Smaller charging stations will now be eligible for three-year tax benefits, an extra incentive on top of a five-year corporate income tax exemption available to investments in charging stations.

The deal is a major bet by Ford on direct lithium extraction (DLE), a relatively new breed of technologies that filter the metal from brines and use far less acreage than open-pit mines and evaporation ponds.

The United States is among many countries encouraging indigenous production of batteries and its materials in a bid to simplify supply chains for the booming EV industry.

A European Commission proposal due to be discussed later this year states that rechargeable electric vehicles, light transport and industrial batteries sold in Europe must disclose their carbon footprint from 2024 and comply with a CO2 emissions limit from 2027.

Mark Ruess shared that GM is indeed working on an electric version of the iconic Corvette which will be revealed next year.