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Bank of America introduces residential EV charger financing

Teslarati

Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. With the nationwide EV outlook expected to reach 26.4

Financing 145
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. EU battery manufacturing is caught in the crossfire between America and China.

Companies 430
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Workhorse receives purchase order for 500 C-1000 electric delivery trucks from Pritchard Companies

Green Car Congress

received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc. —Workhorse CEO Duane Hughes.

Purchase 418
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Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

Green Car Congress

billion over the next five years in the North American region (NAR) (Canada, Mexico, United States) to boost its product portfolio, regional R&D and manufacturing capabilities. Scott Keogh, President and CEO, Volkswagen Group of America, Inc. The goal is to strengthen the company’s digital footprint in America.

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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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Workhorse enters into strategic agreements with Hitachi and Hitachi Capital America

Green Car Congress

a US-based technology company focused on providing sustainable and cost-effective electric drone-integrated vehicles to the last-mile delivery sector, announced newly-formed strategic agreements with both Hitachi America, Ltd. and Hitachi Capital America Corp. Workhorse Group Inc., —Workhorse CEO Duane Hughes.

America 210
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Harley-Davidson to spin-out LiveWire electric motorcycle division as public company via SPAC; $545M in proceeds

Green Car Congress

ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company. Harley-Davidson and AEA-Bridges Impact Corp. billion at closing.