In a story that seems to be becoming increasingly common as time goes on, The Western Journal reported this week about a Canadian EV owner experiencing some massive sticker shock over the cost of replacing the damaged battery in his electric vehicle.Read More
Never before has so much ‘infrastructure’ been funded and so little built.
Unless, that is, you label Pete Buttegieg’s ‘paternity’ leave as ‘human infrastructure.’ Which, by the way, is exactly what the Biden administration did with its trillion dollar infrastructure boondoggle in 2021.Read More
New Internal Revenue Service (IRS) guidelines for the federal electric vehicle (EV) tax credit are a “recipe for fraud,” warns the head of the Tax Foundation.
Consumers will now be able to automatically claim the tax credit at the point of sale on new or used EV purchases, rather than wait to claim it on their tax return, according to the latest Treasury Department guidance.Read More
The complete costs of “fueling” an electric vehicle for 10 years are $17.33 per equivalent gallon of gasoline, a new analysis from the Texas Public Policy Foundation says.
The study authors say the $1.21 cost-per-gallon equivalent of charging a car cited by EV advocates excludes the real costs born by taxpayers for subsidies, utility ratepayers for energy investments, and non-electric vehicle owners for mandate-and-environmental-credit-driven higher vehicle costs, which they say total $48,698 per EV. Those costs must be included when comparing fueling costs of EVs and traditional gas-powered vehicles, TPPF maintains.Read More
In order to facilitate electric vehicle (EV) production, the U.S. is seeking to spend taxpayer dollars to develop cobalt supply chains from the Democratic Republic of the Congo (DRC), a country which is known for high prevalence of unsafe child labor in its mines, many of which are controlled by Chinese interests, The Wall Street Journal reported Thursday.
The United States Agency for International Development (USAID) and the Department of Labor (DOL) are jointly committing $23 million in taxpayer funds to U.S. firms and other mining companies to integrate local Congolese operations and “artisanal” mines into their supply chains, as well as to improve labor standards for miners in the DRC, which are essentially non-existent in most cases, according to the WSJ. Chinese-controlled interests dominate the DRC’s cobalt industry, refining about 75% of the global cobalt supply and manufacturing approximately 70% of the world’s lithium-ion batteries, which are cobalt-intensive products that power EVs.Read More
The company responsible for a controversial electric vehicle battery plant in Michigan is registered under U.S. law as a foreign entity, filings show.
While the energy company Gotion, Inc. is based out of Fremont, Calif., Foreign Agents Registration Act documents filed by the corporation earlier this year show that it “is wholly owned and controlled” by Gotion High-Tech, which is based out of Hefei, a city in eastern China.Read More
United Auto Workers (UAW) President Shawn Fain criticized President Joe Biden on Tuesday for pushing electric vehicle goals that UAW believes do not result in great enough compensation for workers, according to The Washington Post.
Fain is still withholding an endorsement for the president by UAW after criticizing Biden for low wages at the new Ultium Cells plant, General Motors’ electric vehicle battery project that is jointly owned with LG Energy Solutions, according to the Post. UAW is currently in negotiations with top automakers Ford, GM and Stellantis over a possible strike for the 150,000 U.S. hourly workers represented by the union.Read More
by Brent Addleman Five of six New England states have earned praise through a new report examining electric vehicles and charging infrastructure. Massachusetts led the way in the American Council for an Energy-Efficient Economy’s report “2023 State Transportation Electrification Scorecard,” just edging out Vermont in the newest rankings. “We…Read More
The U.S. Department of Energy (DOE) on Thursday announced a conditional loan of up to $9.2 billion to a joint electric vehicle venture between Ford and Korean battery maker SK On.
When combined with state subsidies offered to the joint venture, known as BlueOval SK, the record-breaking loan means that taxpayers will be financing nearly the entire $11.4 billion investment by Ford and SK, according to Blomberg. The loan is the latest in a series of increasingly large offers from the DOE’s Loan Program Office (LPO), which had its lending authority surge to $400 billion — more than 10 times the $33 billion it has issued since 2009 —following the passage of President Joe Biden’s signature climate law, the Inflation Reduction Act.Read More
This list could be closer to 50 but let’s just stick to a handful of them. I literally live in this business every day, and I’m just so confused.Read More
The Environmental Protection Agency on Wednesday announced what is being considered its strongest-ever proposed pollution standards for gas-powered vehicles – which if enacted would effectively mandate that 67 percent of new passenger vehicles sold in the U.S. in 2032 must be zero-emission ones.
The rule has been expected for weeks and is a dramatic, proposed increase from President Biden’s stated goal of 50 percent zero-emission passenger car sales – including battery-powered electric vehicles, plug-in hybrids and fuel-cell vehicles – by 2030. It would also likely and dramatically increase EV sales, which accounted for just 5.6 percent of new car sales in the U.S. last year, according to Road & Track.com.Read More
Major U.S. automaker Ford blamed its sizable investment in electric vehicle (EV) company Rivian for its dramatic revenue decline in the first quarter of 2022.
Ford reported revenue of $34.5 billion between January and March, a 5% decline relative to the same period in 2021, and a net loss of $3.1 billion, according to the company’s earnings report released Wednesday. The Detroit automaker said its large investment in Rivian accounted for $5.4 billion in losses during the first quarter.Read More