Volkswagen AG

Cash is king for EV makers as soaring battery prices drive up vehicle production costs

Cash is king for EV makers as soaring battery prices drive up vehicle production costs

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC In the transition from gas-powered vehicles to electric, the fuel every automaker is after these days is cold hard cash. Established automakers and startups alike are rolling out new battery-powered models in an …

Cash is king for EV makers as soaring battery prices drive up vehicle production costs Read More »

EV credits are now harder to come by. These buyers snuck in deals under the wire. | CNN Business

EV credits are now harder to come by. These buyers snuck in deals under the wire. | CNN Business

Washington, DC CNN Business  —  President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax credit. Automakers and consumers have scrambled in the last week to brace for its impact. Some car buyers are relieved to have finalized purchases before today, when qualifying became generally more …

EV credits are now harder to come by. These buyers snuck in deals under the wire. | CNN Business Read More »

States are spending billions on electric vehicles in battle to replace automotive capital Michigan

States are spending billions on electric vehicles in battle to replace automotive capital Michigan

For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accelerating as the price of fossil fuels rises and battery technology improves — is easily the biggest shakeup in …

States are spending billions on electric vehicles in battle to replace automotive capital Michigan Read More »

QuantumScape promised a revolutionary EV battery. Here's why investors are still waiting

QuantumScape promised a revolutionary EV battery. Here’s why investors are still waiting

A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape’s first few weeks of trading were remarkable even by EV stock standards.   QuantumScape, which was founded in 2010, went public via a merger with a special-purpose …

QuantumScape promised a revolutionary EV battery. Here’s why investors are still waiting Read More »