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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

Toyota Group remains the global auto industry leader, with an operating profit of $7.15 Hyundai invests more in Georgia to produce hybrids “Hyundai Motor Group’s core strength lies in its complete vehicle portfolio— ranging from cars with internal combustion engines , EVs and even hydrogen-powered cars.

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Ohio State takes first place in DOE/GM EcoCAR 3 competition

Green Car Congress

The Ohio State University has taken first place in the final year of EcoCAR 3, an Advanced Vehicle Technology Competition, sponsored by the US Department of Energy (DOE) and General Motors Co. Industry and government officials judged the presentations. This is OSU’s fourth consecutive win. The powertrain components included a 2.0-liter

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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

Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries. Companies and universities in Michigan are receiving more than $1 billion of the grants. Purdue University.

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The EV Transition Explained

Cars That Think

University of Michigan professor emeritus John Leslie King , who has long studied the auto industry. Ford and other automakers will need to convince tens of millions of customers to switch to EVs to meet the Biden Administration’s decarbonization goals of 50 percent new auto sales being non-ICE vehicles by 2030.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

auto industry jobs could rise by 150,000 by 2030 if battery electric vehicles sales reach 50 percent by 2030 and the vehicle market share of U.S.-assembled It believes that there will be a net loss of 275,000 auto industry jobs by 2040, with most of the drop off coming between 2030 and 2035.

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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

on a path to reducing emissions more than 40% below 2005 levels, per a Princeton University analysis of the measure’s impacts : expanded tax credits for EVs, batteries, solar panels and wind turbines. On a broad level, the IRA enacts the following climate change-mitigation measures which, taken together, put the U.S.