Fresh off raising $253 million in funding earlier this month, Highland Electric Transportation has secured the single largest order for electric school buses in North America. The deal, worth $169 million over 16 years, will […]
Ontario based Magna International announced it has broken ground on a new electric vehicle (EV) battery manufacturing facility in St. Clair, Michigan. The 345,000 square foot facility, named Magna Electric Vehicle Structures, will manufacture complex […]
In an attempt to boost electric vehicle (EV) adoption in the province, Nova Scotia has announced $9.5 million in funding for a new EV incentive program. Rebates of up to $3,000 will be available on […]
Tesla surprised almost everyone by announcing last month they had purchased $1.5 billion worth of Bitcoin. Along with the purchase, the automaker said they would soon accept the cryptocurrency as a form of payment for […]
In an attempt to help fund its future in electric vehicles (EVs), Volkswagen Group is reportedly considering an initial public offering (IPO) of Porsche. Citing confidential sources at VW, Manager Magazin reported the deal could […]
Montreal based electric jet-ski and snowmobile maker Taiga Motors has announced its plans to go public via a merger with a special purpose acquisition company (SPAC). Taiga Motors, founded in 2015, plans to merge with […]
Much of Texas is experiencing record low temperatures. The frigid cold has meant increased demand on the state’s electricity grid, causing it to buckle under the pressure leaving as many as 4 million Texans without […]
Electric automaker Rivian is seeking to go public with an IPO valuation of more than $50 billion. According to a report by Bloomberg, Rivian has been in discussions with banks about the possible IPO, but […]
Amazon announced in a blog post Tuesday it has officially started testing its new Rivian electric delivery van in Los Angeles. In December Drive Tesla shared the first video of one of the vans delivering […]
General Motors announced this morning plans to be carbon neutral by 2040 in its global products and operations. To help get there, the automaker will end production of gas powered light-duty vehicles by 2035. The […]
