WASHINGTON, April 7 (Reuters) – Senior officials in the Biden administration and major automotive leaders agree that charging station infrastructure for electric vehicles should offer an interoperable experience based on any car model. The White House said a virtual meeting was held Wednesday with major automotive leaders, including Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk and […]

China and Europe are driving most of the adoption, with North America a distant third source of sales. Up next: emerging markets. The world is about to pass another important milestone in electric vehicle adoption: 20 million plug-in vehicles on the road globally, come June, according to BNEF estimates. That’s remarkable growth from only 1 […]

PETALING JAYA: Malaysia is ready to cooperate with the electric vehicles (EV) industry through manufacturing, assembly as well as research and development, says Datuk Seri Dr Wee Ka Siong. The Transport Minister said he welcomed high-value investments from overseas to the country as an important platform to bring EV into the regional market. “On behalf […]

Spurred by growing domestic demand for electric vehicles, manufacturers in Japan and China are set to seek government subsidies to cut EV prices in Thailand, according to a Finance Ministry source. Toyota is expected to join the Excise Department’s subsidy programme later this month, the source said. “It will be the first Japanese car manufacturer […]

BANGKOK — Thai state energy group PTT will start producing electric vehicles in the country in 2024 through a new joint venture with Taiwan’s Hon Hai Precision Industry, also known as Foxconn, the Bangkok-based company announced Monday. Horizon Plus, which was established Thursday, is 60% owned by PTT and 40% owned by Foxconn, a major Apple supplier. The […]

The Federation of Thai Industries’ (FTI) auto parts club is working to help 2,500 auto parts manufacturers accustomed to producing parts for internal combustion engines (ICE) to shift towards electric vehicle (EV) technology by launching an EV component development plan. EVs are expected to replace oil-powered cars, threatening to disrupt auto parts production in the […]

Ford Motor is reportedly planning to accelerate its deployment of electric vehicles and could increase investments in EVs by up to $20 billion, Bloomberg News reported Tuesday. The effort, led by a former Apple Inc. and Tesla executive Doug Field, calls for Ford to spend an additional $10 billion to $20 billion over the next five to 10 years converting […]

Responding to increasing demand for dispatchable renewable energy resources, GE Renewable Energy has opened a factory for ‘Renewable Hybrid’ technology solutions and equipment in Chennai, India.  It will manufacture the company’s containerised inverter solution, FLEXINVERTER, which is claimed to be a plug and play unit suitable for solar and energy storage applications at utility-scale, and […]

A Soltech representative responded to an Energy-Storage.news request for some more details on the project. It will use a lithium iron phosphate (LFP) 2MW/2MWh BESS made by Huawei, the representative said. It was also clarified that the solar farm being developed at the same time will be located about 30 miles from the EV charging […]

In 2022, we expect 46.1 gigawatts (GW) of new utility-scale electric generating capacity to be added to the U.S. power grid, according to our Preliminary Monthly Electric Generator Inventory. Almost half of the planned 2022 capacity additions are solar, followed by natural gas at 21% and wind at 17%.  Developers and power plant owners report planned […]

Visitors examine an electric vehicle on display at the Motor Expo 2021 held at Impact Muang Thong Thani. Pattarapong Chatpattarasill The Finance Ministry is considering a revision of the import duty rates for electric vehicles (EV) to make them more affordable for consumers, says Deputy Finance Minister Santi Prompat. Mr Santi said the goal is to […]

This fast-growing player and well-rounded value stock deserve pole-position in a long-term EV portfolio. Key Points Lucid confirmed it is on track to deliver cars to Europe this year. Saudi Arabia could be a massive market for Lucid. Ford is ramping EV production faster than expected.  Just one week into the new year, and the […]

As we eagerly slam the book shut on 2021 and look toward a promising year of further EV adoption in 2022, it’s important to look back and assess how far the global market has come during this most recent trip around the Sun. From there, we can compare 2021’s numbers to the year prior and […]