GM to invest $491 million on metal stamping facility to help EV production
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Bernstein Expects EV Battery Demand to Rise; Will IRA Budget be Enough?
September 19, 2022 8:07 AM EDTWhen U.S. President Joe Biden signed the Inflation Reduction Act (IRA) into law in August, he called it an historic step to fight inflation, lower costs, and create jobs that corporations cant ship overseas. The law was designed to do several things, not least of which was to combat climate change through clean energy and electric vehicle (EV) tax incentives.
Under the new law,... More
President Biden Announces $900M for EV Charging at Detroit Auto Show
September 15, 2022 2:28 PM EDTU.S. President Joe Biden, at the Detroit Auto Show Wednesday, announced the approval for $900 million in federal funding for a nationwide electrical vehicle charging network. As part of a $1 trillion infrastructure law passed in November, the first $900 million will be used to finance the construction of EV chargers across 53,000 miles of the national highway system in 34... More
