All Electric vehicles stories

Ben Geman, author of Generate
Jun 16, 2021 - Energy & Environment

GM accelerates electric vehicle plans with billions more in investment

Illustration: Sarah Grillo/Axios

General Motors plans to boost its cumulative investment in electric and autonomous vehicles to $35 billion from 2020-2025, a significant jump from a $27 billion target.

Driving the news: GM said this morning that the initiative will include building two new battery cell manufacturing plants in addition to the two already under construction in Tennessee and Ohio.

Lordstown Motors faces a leadership shakeup amid financial troubles

Expand chart
Data: FactSet; Chart: Axios Visuals

Another day, another development in the Lordstown Motors saga.

  • What's new: The buzzy electric vehicle company's CEO and CFO are out.
Ben Geman, author of Generate
Jun 9, 2021 - Energy & Environment

EVs are surging, but not enough to meet climate goals

Data: BloombergNEF; Chart: Sara Wise/Axios

A new analysis finds the outlook for electric vehicle deployment is "getting much brighter," but it's off pace for meeting aggressive midcentury targets for cutting carbon emissions from transportation.

Why it matters: The research firm BloombergNEF provides closely watched analyses on the evolution of the battery-electric and fuel cell sector — not only passenger cars but also buses, heavy trucks and more.

Ben Geman, author of Generate
Jun 8, 2021 - Energy & Environment

White House vows new moves to shore up battery supply chain

Illustration: Shoshana Gordon/Axios

The White House is pledging a multi-agency push to spur more U.S. battery manufacturing and sustainable mining — both domestically and abroad — of raw materials used in battery tech.

Why it matters: The administration wants to speed U.S. market growth of electric cars and grid storage, but a global scramble for batteries and materials poses hurdles for companies and governments alike.

Ben Geman, author of Generate
May 28, 2021 - Energy & Environment

Lucid Motors CEO says its tech could push EVs mainstream

Photo illustration: Annelise Capossela/Axios. Photos: Lucid Motors

Lucid Motors CEO Peter Rawlinson is about to start producing a high-performance luxury electric sedan that costs far north of $100,000, yet claims Lucid can help EVs become an affordable mass-market — and wants federal help.

The big picture: "My passion, and the vision and the mission for the company, is to truly mass industrialize the electric car, the electric powertrain in a way that no one has done," Rawlinson said in an interview in Washington, D.C.

Ford says it will invest $30 billion in electric vehicles by 2025

Ford's new electric F-150 Lightning outside of its headquarters in Dearborn, Michigan on May 19. Photo: Jeff Kowalsky/AFP via Getty Images

Ford announced Wednesday plans to invest $30 billion in vehicle electrification efforts by 2025, and the company said it anticipates that 40% of its global sales by 2030 will be fully electric vehicles, per a news release.

Why it matters: Ford CEO Jim Farley said the new initiative — called "Ford+" — is the company's largest opportunity for growth since "Henry Ford started to scale the Model T," signaling just how lucrative Ford leaders think the electric vehicle market will become.

Ben Geman, author of Generate
May 17, 2021 - Economy & Business

Ford's electric F-150 reveal is a pivotal EV moment

Data: Cox Automotive; Chart: Sara Wise/Axios

Ford Motor Co. will take the wraps off the electric version of its popular F-150 pickup truck on Wednesday night.

Why it matters: It's a big moment in the young movement toward pickups with a plug — and for electric vehicles more broadly.

Energy Secretary: Clean energy tech boosts economic and national security

Photo: Axios

Investing in clean energy technologies is crucial to America's economic vitality and security, Energy Secretary Jennifer Granholm said at Axios virtual event on Thursday.

Why it matters: Clean energy technology is a $23 trillion global market.

Elon Musk suspends Tesla purchases with bitcoin

Elon Musk. Photo: Liesa Johannssen-Koppitz/Bloomberg via Getty Images

Consumers can no longer buy Tesla vehicles with bitcoin, CEO Elon Musk announced on Twitter Wednesday.

What he's saying: Musk cited the environmental concerns associated with bitcoin — the cryptocurrency has a massive carbon footprint — as his reasoning behind Wednesday's decision.

May 11, 2021 - Axios Twin Cities

Minnesota makes a play to get more electric vehicles on the road

Reproduced from Minnesota Pollution Control Agency; Chart: Axios Visuals

With an administrative judge giving Minnesota Gov. Tim Walz and the Pollution Control Agency authority to implement clean cars' emission rules, there's fresh hope that the state will see an even steeper rise in electric vehicle sales.

How it works: The initiative would require manufacturers to deliver more EVs and hybrids. Minnesota would become the 15th state to adopt such rules.