Electric Mobility

Reuters

Dec 31, 2022, 4:38 PM

Automakers, South Korea Urge U.S. To Tap Commercial EV Tax Credit

The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, sparking anger from South Korea, the European Union, Japan and others.

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  Reuters | Dec 31, 2022

  Toyota Offers Cheaper Prius If Customers Take Software Updates

  The lease program will require customers to opt in for a service expected to bring monthly lease payments down by 10%, Toyota's leasing affiliate said.

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  Reuters | Dec 31, 2022

  Vietnam's EV Maker Vinfast Files For U.S. IPO To Fuel Global Expansion

  VinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes to compete with legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.

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  Reuters | Dec 31, 2022

  Apple Scales Back Self-Driving Car, Delays Launch To 2026: Report

  The company's automotive efforts, known as Project Titan, have proceeded unevenly since 2014, when it first started to design a vehicle from scratch.

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  Reuters | Dec 31, 2022

  Redwood Materials Joins Electric Vehicle, Battery Trek To South Carolina

  Redwood said it will build a $3.5 billion battery materials campus in Ridgefield, about 30 miles (48.28 km) northwest of Charleston, that will recycle, refine and remanufacture cathode and anode materials

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  Reuters | Dec 31, 2022

  India Govt Steps Up Audit Of EV Firms Taking Subsidies - Report

  The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received.

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  Reuters | Dec 31, 2022

  India Probes Possible Misappropriation Of Incentives By EV Makers

  India is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.

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  Pratik Rakshit | Dec 31, 2022

  Ola Electric Plans 6 New Electric Products For India By 2027

  Ola Electric will gradually scale up its product portfolio with new products in the electric 2-/3-/ and 4-wheeler segment with the first product coming up next year.

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  Reuters | Dec 31, 2022

  Faraday Future Slides On Signaling Need For Funds To Start Production

  The company is one of the many EV startups struggling to launch its products as a bleak global growth outlook and a funding squeeze dented production schedules and compounded losses.

  1 min read