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The money will help a joint venture of General Motors Co. and LG Energy Solution finance the construction of new lithium-ion battery cell manufacturing facilities.
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The state inked deals with Rivian and Hyundai Motor Group for two EV factories to bring in over $10 billion in auto industry investment and 15,000 assembly jobs.
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The transition to EVs is not a matter of if, but a matter of when, and the industry must pay attention to the impacts of the potentially imminent and rapid transition from ICE vehicles to EVs.
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Some say the grants will provide a needed boost to EV adoption while others warn it will fail as previous policies did during the Obama Administration.
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Letter penned by Canadian Trade Minister Mary Ng suggest proposed EV tax credits will harm North American auto industry and violate trade agreements.
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2021 Hyundai Santa Fe EV tops the list.
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A proposal that gives higher EV tax credits to union shops has caused controversy over preferential treatment for EV incentives.
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Electric vehicle registrations jumped 95% to 133,509 in January through April, compared to the same period in 2020.
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A study by CarGurus Inc. released this week finds Americans may need less encouragement than originally believed to make the switch to electric cars and trucks.
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New suite of motor drivers offers world-class features and advanced safety diagnostics in ultra-small packages — ideal for electric vehicles.
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