Browsing: Finance
U.S. Energy Department Greenlights $710 Million in Loans for EV Technology, $221.8 Billion Still Available for Clean Energy Projects
By Derick Munoz
The U.S. Energy Department announced on Thursday that it has granted preliminary approval for nearly $710 million in loans to…
Volkswagen has announced its intention to uphold investment levels over the next five years, despite implementing a multi-billion euro cost-saving…
UK Department for Transport Launches Grant to Subsidize EV Charging Points at Educational Institutes
The UK Department for Transport (DfT) has unveiled a new grant aimed at subsidizing the installation of electric vehicle (EV)…
German automotive and industrial supplier, Schaeffler AG, has been granted a development loan amounting to 420 million euros by the…
Enefit Volt Partners with Norfa to Roll Out Extensive EV Charging Network Across Lithuania
By David Smith
Enefit Volt, the electric vehicle (EV) charging subsidiary of Estonia’s state-owned energy company, Eesti Energia, has inked a major deal…
Toyota’s upcoming 2024 bZ4X electric SUV is set to see a price increase of up to $1,070 compared to the…
The United States government is exploring the possibility of providing car manufacturers with a temporary exemption from recent regulations concerning…
McDonald’s and EDF-owned Izivia to Deploy 2,000 Ultra-Rapid EV Chargers at 700 Restaurants in France
McDonald’s, in partnership with Izivia, a subsidiary of EDF, plans to install 2,000 high-power charge points across 700 of its…
Canada Infrastructure Bank (CIB) has entered a $210 million financing deal with North American fuel retailer Parkland Corporation. The agreement…
In a recent meeting held at the Turkish House near the United Nations in New York, Turkish President Recep Tayyip…
India Considers Lowering Import Tax for Electric Cars Amidst Tesla’s Push for Local Production
By Michael Khan
In a bid to bolster the electric vehicle (EV) market and promote local production, the Indian government is reportedly contemplating…
In a notable upswing, Rivian, the electric vehicle (EV) manufacturer, exceeded projections in the second quarter, outperforming Wall Street estimates…
Lucid Motors, the prominent American electric vehicle (EV) manufacturer, has unveiled its financial report for the second quarter of 2023.…
The Chinese government has recently released a comprehensive policy paper aimed at bolstering car sales in the country, with a…
In a remarkable turn of events, Rivian Automotive, the electric vehicle (EV) manufacturer, has witnessed a significant rebound in its…
The traditional landscape of vehicle ownership is undergoing a rapid transformation as an increasing number of buyers are gravitating towards…
BluSmart Mobility, an Indian ride-hailing startup focused solely on electric vehicles (EVs), has secured a significant investment of $42m to…
Ford Breaks Down Business Figures for Q1 2023 by Core Units, Plans to Break Even in Electric Vehicle Business by 2024
By Robin Cannon
Ford, the 120-year-old American multinational automobile manufacturer, has released its business figures for Q1 2023, presenting them for the first…
Germany Plans to Create Billion-Euro Fund for Critical Raw Materials to Boost Electric Vehicle Production
By Robin Cannon
The German government is taking steps to reduce its dependence on other countries for critical raw materials used in the…
Tesla’s quest for world domination in the automobile industry is well underway, but the company knows that it can’t do…