Ford Motor Company announced plans on Tuesday for a massive electric vehicle manufacturing campus in Tennessee, as well as two additional battery facilities in Kentucky, in what the company called the largest investment in the U.S. electric vehicle market at one time by an automaker.
As a result of an increase in electric vehicle use across Britain, electricity demand from the transport sector will increase by 31 times by 2040 from the current levels, according to a new report released by research firm Cornwall Insights.
Europe and North America will increase the number of connected electric vehicle (EV) chargers by 38% between 2020 and 2025.
Toyota is expecting to invest up to $13.6 billion in battery development and production by 2030.
While consumer vehicles take up most of the headlines, the electrification of fleet vehicles is poised to take EVs to the next level.
A coalition of more than 50 groups called on Congress to include long-term clean energy tax incentives in the $3.5 trillion budget reconciliation package.