Rivian seeking $70 billion valuation in IPO: Report
In February this year it was reported Rivian was seeking to go public with an IPO valuation of more than $50 billion. Now just three months later than number has grown by 40%. Bloomberg is […]
Nissan to invest $1.8 billion in new EV battery plants
Nissan will invest $1.8 billion in building new EV plants in the UK and Japan. The Japanese automaker will partner with a Chinese-owned battery maker to produce batteries for 700,000 vehicles. The plants will go […]
Uber and Lyft required to phase-in electric vehicles in California starting in 2023
in an effort to help reduce greenhouse gas (GHG) emissions, Uber and Lyft drivers in California will soon be required to begin driving electric vehicles (EVs). Starting in 2023 both ride-hailing companies must begin phasing […]
Pilot program could bring more electric yellow taxis to New York City
The Tesla Model 3 is the only battery electric vehicle (BEV) approved to operate by the NYC Taxi & Limousine Commission (TLC). That could soon change as the commission is proposing a one year pilot project […]
Solid-state battery maker Solid Power gets $130 million in fresh funding led by BMW and Ford
Solid Power announced this morning it has secured $130 million in a recently completed a Series B investment round. The funding round was led by two major auto manufacturers, BMW and Ford. Regarded as an […]
Enough lithium to make 400 million EVs discovered in Germany
As electric vehicles (EVs) gain in popularity, so does demand for the raw materials that go into making batteries for those EVs. Some of these key ingredients can be difficult to source, and can also […]
IEA report- EV Fleet to reach 145 Million by 2030
According to a new International Energy Agency (IEA) report, the world EV fleet will reach 145 million by 2030. The Global Electric Vehicle Outlook 2021 looks at 2020 and 2021 Q1 numbers, near-term trends and […]
$614 million Giga Shanghai construction loan paid off by Tesla
Construction of Giga Shanghai began from an infamous mud pit in December 2018. To help get the factory up and running, Tesla received loans totalling $614 million USD ($756 million CAD). According to the automaker’s […]
Advocacy Group Urges US Congress To Delay The Transition To Electric Vehicles
On Tuesday, the Motor & Equipment Manufacturers Association urged Congress to not support a hasty phase-out of gas-powered vehicles. According to the advocacy group that represents car manufacturers, the move would cost up to 30% […]
Government of Canada to spend $56 million to implement per kWh billing
Electric vehicle (EV) drivers in Canada plugging into a charger don’t always know how much they are going to have to pay. Current regulations by Measurement Canada mean drivers pay by the minute. Since some […]
Latest Deals
