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General Motors Launches European All-Electric Venture with Cadillac LYRIQ

General Motors Launches European All-Electric Venture with Cadillac LYRIQ

General Motors introduces the all-electric Cadillac LYRIQ to Europe, commencing in Switzerland. This expansion underscores GM's dedication to sustainability and luxury in the electric vehicle market, representing a major step towards a greener automotive future.

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Inflation Reduction Act Spurs $92 Billion Investment and 84,000 Jobs in U.S. EV Manufacturing: Report

The Inflation Reduction Act fuels a $92 billion surge in U.S. electric vehicle manufacturing, generating 84,000 jobs. This comprehensive legislation positions the nation as a global leader, driving innovation and economic growth in the rapidly evolving EV industry.

India's Epsilon Advanced Materials to Invest $650M in U.S. Battery Materials Manufacturing Facility

Epsilon Advanced Materials (EAM) to invest $650 million in a North Carolina EV battery facility, creating 500 jobs and targeting 1.10 million EVs by 2030, addressing supply chain challenges.

Saudi's PIF and Hyundai Forge Strategic Joint Venture to Produce 50,000 Electric and ICE Vehicles Annually

PIF and Hyundai establish a strategic joint venture to build an advanced auto manufacturing plant in Saudi Arabia. With PIF holding a 70% stake, the project plans to produce 50,000 ICE and EVs annually, fostering job creation and knowledge transfer, and advancing the Kingdom's automotive industry.

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Bentley’s Iconic W12 Engine To Be Replaced With All Electric Engine

Bentley Motors, a leading British luxury car maker has recently announced to stop the production of its iconic W12 motor engine. The decision comes as part of the company's 'Beyond100' strategy, under which all models will be electrified by 2030. This strategy includes investing £2.5 billion to transition its

Europe’s Electric Vehicle Fleet All Set To Reach 30 Million Target By 2030

The global EV market has been witnessing a huge leap by growing at an impressive rate, shooting from 0.2% in 2013 to 23.1% in 2023. The rise in environmental concerns and the immediate need to opt for emission reduction in the transportation sector have pushed governments across the

UK Government Announces £56 Million in Funding for EV Charging Infrastructure

The UK is set to get a boost in the deployment of EV charge points, thanks to a £56 million investment from public and industry funds. In an official statement published on GOV.UK on 21 February 2023, Transport Minister, Jesse Norman announced an expansion of the charging infrastructure with

European Union Accelerates Transition Towards Sustainable Transportation

Brussels, February 14, 2023: The European Parliament has passed a major law that will effectively ban the sale of new petrol and diesel cars in the European Union (EU) from 2035. This move is aimed at accelerating the shift towards electric vehicles (EVs) and fighting climate change. The new legislation

EU Formally Bans Gas And Diesel Car Sales From 2035

Brussels, February 14, 2023 - The European Parliament has passed a major law to ban the sale of new petrol and diesel cars in the European Union (EU) from 2035. The new law aims to hasten the transition towards Electric Vehicles (EV’s). The European Parliament voted in favour of

Electric Mini Cooper SE Convertible Makes Its First Global Appearance

MINI, the British car-maker, has globally launched the Cooper SE Convertible, which is the first all-electric convertible model. However, for the time being, only 999 units of this first-ever drop-top electric vehicle will be made available, with the majority being sold in the European market. Mini plans to sell these

SK Signet Secures Its First EV Project In The UK Worth €7.3mn

SK Signet, a South Korea based EV charger manufacturer announced that its regional subsidiary had secured its first European supply deal worth €7.3mn marking a significant milestone in the company’s expansion into the European market. The company announced the launch of its European subsidiary, SK Signet Europe in