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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

Volkswagen faces mounting pressure to keep up with Tesla and Chinese automakers in the transition to battery-electric vehicles (BEVs), and its success in doing so could have major implications. The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event.

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Volkswagen has ‘all the ingredients’ to succeed as the US shifts to EVs, but will it?

Baua Electric

Volkswagen’s CFO Arno Antlitz said Europe’s largest automaker has “all the ingredients” for success as the US auto industry shifts to electric. Last April, Volkswagen announced its first North American EV battery cell plant in St. The company will build vehicles at its $2 billion facility in South Carolina.

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

President Obama announced 48 new advanced battery and electric drive projects that will receive $2.4 The announcement marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. Industry officials expect that this $2.4 billion investment, coupled with another $2.4

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Volkswagen ID.Buzz & ID.7 to help VW gain 10% market share in the US [Feature]

Teslarati

The German automaker reported that its battery electric vehicle (BEV) deliveries in the United States were up 18.8% VWCV has already announced plans to increase the production of the ID.Buzz , building 44,000 units in Hanover alone. The all-electric Scout SUV will be built in a new $2 billion factory in South Carolina.

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Biden quadruples tariffs on Chinese EVs, up from 25% to 100%

Baua Electric

The US government has announced wider tariffs on several categories of Chinese goods, including various green products like solar panels and batteries, medical goods, and in particular an increase of tariffs on Chinese EVs from 25% to 100%. Most of these tariffs go into effect this year, though some will be imposed next year.

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Report: EV factories may be leading utilities to dirtier decisions

Baua Electric

New factories producing EVs and their batteries are bringing more jobs to the Southeast, but utilities are trying to meet the power demands of these factories with natural-gas power plants rather than renewable energy, reports Energy News Network.

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