Electric Mobility News

The initial plan is to set up 1Gwh of battery capacity by 2023 and expand it to 20GWh over the next 3-4 years, said another source aware of the plans, adding that this alone will need an investment of up to $1 billion.

Taiwan's energy supplies are also secure, with 145 days of oil reserves and diversified supply sources, while for liquefied natural gas, or LNG, there are also diverse supply sources.

The new model, named after an Alpine pass in northern Italy, will compete in a segment populated by some of Europe's most popular premium cars such as BMW's X1, the Mercedes GLA and Volkswagen's Audi Q3.

As the whole world is looking forward to carbon neutrality, using electric vehicles seems to be a convenient starting point.

The administration will make $615 million available in 2022 but states must first submit plans and win federal approval.

Will Join a platoon of other EVs under "Lexus Electrified" Brand Vision by 2030

Mercedes-Benz is testing their upcoming eSprinter in Sweden's Arjeplog, near the Arctic Circle

Sales in 2020 grew 6.8% over the prior year, while 2021 was the first year since 2018 that the number of chips sold exceeded 1 trillion, he said.