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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 trillion (US$85 billion) over the next 10 years, including KRW 35.8 trillion (US$27.8 billion) for electrification. Production.

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DOE awarding >$24M to 77 projects through Technology Commercialization Fund

Green Car Congress

Purdue University, West Lafayette, Ind. Remote Area Modular Monitoring for Critical Facilities, $300,000 Embedded Planet, Cleveland, Ohio Simulation Tool for Energy-Efficient Connected and Automated Vehicle Control Development, $600,000 Hyundai America Technical Center, Superior Township, Mich. Pipersville, Pa. New York, N.Y.

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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.