IONIQ range, E-GMP platform and the Metaplant ramp — Hyundai’s EV push, tracked.
A bombshell report reveals President-elect Trump’s transition team is planning to eliminate the $7,500 federal tax credit for electric vehicle purchases, with unexpected support from EV market leader Tesla, according to Reuters. Critical Policy Change Looms The potential elimination of this key EV incentive, a cornerstone of Biden’s Inflation Reduction Act, is being discussed by…
Breaking New Ground in EV Tech Collaboration In a major strategic move that’s reshaping the EV landscape, Volkswagen and Rivian have announced an ambitious joint venture focused on developing advanced software and electronics for electric vehicles. The partnership, which significantly expands on their June agreement, involves a $5.8 billion investment from Volkswagen for a 50%…
In a surprising move highlighting the complex interplay between business and politics, Tesla has joined forces with other major EV manufacturers to support California’s low-carbon fuel standard, according to Politico. Auto Industry Shows United Front Tesla, along with Hyundai, GM, Audi, and Rivian, sent a joint letter to California lawmakers on October 24, strongly endorsing…
Lamborghini’s Cautious Approach to Electrification Five years ago, Lamborghini made a bold decision to hybridize its entire lineup, but it didn’t jump headfirst into full electrification like many expected. Instead, it placed its bets on hybrid technology, while competitors rushed to release pure EVs. Today, with the pressure for automakers to electrify easing up, it…
Hyundai Motor Group has hit the ground running at its new all-electric vehicle plant in Georgia. The company confirmed to local media that the first Hyundai Ioniq 5 units rolled off the production line at Hyundai Motor Group Metaplant America (HMGMA) in early October, beating their Q4 2024 target. Ahead of the Game The Korean…
GM’s electric vehicle ambitions are ramping up, despite falling short of earlier targets. The automaker is betting on an expanding EV lineup to boost sales and catch up to competitors, according to a recent CNBC report. Let’s dive into the details of GM’s evolving EV strategy and what it means for the future of electric…
The electric vehicle (EV) market is heating up, and Tesla’s Model Y is making waves. According to a recent report by Wolf Richter for WOLF STREET, the Model Y is now a hair’s breadth away from becoming the best-selling model in the US, closing in on the Toyota RAV4. Meanwhile, the Ford F-150, once the…
Google’s autonomous driving unit Waymo is reportedly in talks with Hyundai to manufacture its next generation of self-driving vehicles, according to Reuters. This potential partnership could mark a significant shift in Waymo’s strategy and the autonomous vehicle industry as a whole. Talks Underway Officials from Waymo and Hyundai have met more than three times to…
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