Private Investment

Innovations in Battery Technology and Supply Chain Expected in 2021

Source: ICCT Last week, we highlighted the anticipated drop in battery prices that continues to make EVs more competitive with conventional vehicles. Analysts at Morgan Stanley predict that falling battery prices are one factor in addition to a surge new models that will lead to a 50 percent increase in global EV sales in 2021. [...]

By |2020-12-14T16:19:57-05:00December 14th, 2020|

GM Rolls Back Partnership with Nikola

Source: Detroit Free Press After months of speculation, GM and Nikola announced an agreement to roll back their planned partnership on November 30th. This marks the next step of a story which began on September 8th when news broke that GM intended to take an 11 percent stake in the startup and manufacture the Nikola Badger [...]

By |2020-11-30T17:02:48-05:00November 30th, 2020|

U.S. EV Sales Surge in September

Source: EV Hub The U.S. EV market rebounded in the third quarter with total quarterly sales only two percent below the numbers from 2019. Monthly sales were up 20 percent in September compared to 2019, the first month in 2020 where there was year-over-year growth. Adding in the third quarter sales figures reduces the [...]

By |2020-11-23T17:32:39-05:00November 23rd, 2020|

GM Investing $2 Billion in Tennessee EV Manufacturing

Source: GM The Southeast EV manufacturing sector continues to heat up with General Motors announcing plans to bring production of the upcoming Cadillac Lyriq and $2 billion in facility upgrades to their Spring Hill facility in Tennessee. This is the latest in the automaker’s charge to invest $20 billion in EV manufacturing and bring more than 20 vehicles to market in the [...]

By |2020-10-26T16:52:25-04:00October 26th, 2020|

EV Market Picking Up Speed as California Sets an Ambitious Goal

Source: Bay Area News Network   COVID-19 has done little to dampen major policy commitments, investment announcements, and technology advances throughout the EV sector. California made history on September 23rd when Governor Gavin Newsom signed an executive order setting the state on course to reach 100 percent ZEV passenger vehicle sales by 2035. [...]

By |2020-09-28T16:48:47-04:00September 28th, 2020|

Automakers Dashboard Now Available

Source: EV Hub   We are happy to launch our dashboard redesign on the EV Hub with the just released Automakers Dashboard. With the support of the Natural Resources Defense Council (NRDC), this dashboard integrates new research with existing EV Hub data you are used to seeing in the National EV Sales and [...]

By |2020-09-21T17:16:53-04:00September 21st, 2020|

EV Startups: The Battle for the Spotlight

Source: CNBC EV startups continue to vie for attention as they roll out announcement after announcement regarding production and funding updates. Nikola started last week with a bang when they unveiled a $2 billion partnership with GM. As a part of the deal, GM takes an 11 percent stake in the company and [...]

By |2020-09-14T17:53:22-04:00September 14th, 2020|

GM Moves to Lead U.S. Investment in EVs

Source: The Verge GM shot from third to first in terms of commitment to transportation electrification from automakers in the United States after revealing their new EV strategy last week. On March 4, 2020, the automaker pledged $20 billion to company-wide electrification through 2025 with 20 new EV models expected by the end of [...]

By |2020-03-09T15:51:12-04:00March 9th, 2020|

GM Ramps Up Battery Investment with New Plant

Source: GM   The flood of new models expected in 2020 is going to require a surge in battery production. Anticipating potential supply crunches as battery demand rises, automakers are stepping up their investment in batteries with several looking to produce them domestically in the United States. GM, which has been under fire from labor groups [...]

By |2019-12-09T18:37:39-05:00December 9th, 2019|
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