The Automotive Service Association reported that the U.S. House of Representatives Energy and Commerce Subcommittee on Energy recently held a hearing entitled “Charging Forward: Securing American Manufacturing and Our EV Future.” During the hearing, witnesses discussed the implementation of the recently passed Infrastructure Investment and Jobs Act as it pertains to electric vehicles, United States […]
Sony and Honda Sign Memorandum of Understanding on Strategic Alliance to Jointly Develop EVs
Sony Group Corporation and Honda Motor Co., Ltd. on March 4 announced that they have agreed to deepen discussion and exploration of forming a strategic alliance that aims to create a new era of mobility and mobility services. Specifically, the two companies have signed a memorandum of understanding that outlines their intent to establish a […]
Universal Technical Institute and Ford Roll Out New Electric Vehicle Repair and Maintenance Curriculum
Universal Technical Institute (UTI) is rolling out new curriculum in its Ford FACT (Ford Accelerated Credential Training) program to prepare its students to keep the next generation of vehicles on the road. Automotive technicians are in demand, and as the electric vehicle (EV) market continues to grow, those with knowledge of high voltage batteries and […]
Toyota Announces $90 million Investment in Two U.S. Plants to Further Expand Electric Vehicle Production
Toyota announced an additional $90 million investment for two of its U.S. manufacturing facilities. Toyota West Virginia (TMMWV) will receive $73 million. This investment comes on the heels of the $240 million investment announced last November and will increase hybrid transaxle production capacity to 600,000 units per year. With this funding, TMMWV will also begin […]
USDOT and USDOE Announce $5 Billion over Five Years for National EV Charging Network
The U.S. Departments of Transportation and Energy announced nearly $5 billion that will be made available under the new National Electric Vehicle Infrastructure (NEVI) Formula Program established by the Bipartisan Infrastructure Law, to build out a national electric vehicle charging network, an important step towards making electric vehicle (EV) charging accessible to all Americans. The […]
DOE and DOT Launch Joint Effort to Build Out Nationwide Electric Vehicle Charging Network
U.S. Secretary of Energy Jennifer M. Granholm and U.S. Secretary of Transportation Pete Buttigieg signed a memorandum of understanding to create a Joint Office of Energy and Transportation to support the deployment of $7.5 billion from the President’s Bipartisan Infrastructure Law to build out a national electric vehicle charging network that can build public confidence, […]
Alliance for Automotive Innovation Reports 11 States and District of Columbia See New EV Registrations Above 5 Percent
Light trucks make up 60% of the ZEV market. The Alliance for Automotive Innovation released the latest Get Connected Electric Vehicle Quarterly Report, providing an overview of zero emission vehicle (ZEV) sales for the third quarter (Q3) of 2021 along with purchasing trends by state and vehicle segment. “This report highlights the growth we have […]
President Biden Signs Executive Order on Clean Energy, Electric Vehicles
The Automotive Service Association (ASA) reports that on Wednesday, President Joe Biden signed the Executive Order on Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability. The order is meant to make the federal government carbon neutral through the use of renewable power sources and building materials to construct and run federal buildings, and the […]
U.S. DOT Announces Initial Framework for EV Charging Station Programs
The Automotive Service Association reported that the U.S. Department of Transportation (DOT) took the first steps this week in establishing programs for a national network of electric vehicle charging stations, as mandated in the bipartisan infrastructure bill passed earlier this year. The agency posted a request for comments from stakeholders on best practices to develop […]
Electric Vehicle Manufacturer Rivian Announces Pricing of Upsized Initial Public Offering
Company will raise $11.9 billion to fund expansion. Rivian Automotive, Inc. announced the pricing of its upsized initial public offering of 153,000,000 shares of Class A common stock at a public offering price of $78.00 per share, valuing the company at over $77 billion In addition, Rivian has granted the underwriters a 30-day option to […]
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