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

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.

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

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.

EU Launches Anti-Subsidy Investigation into Chinese Electric Vehicle Imports, China Cries Foul

EU Launches Anti-Subsidy Investigation into Chinese Electric Vehicle Imports, China Cries Foul

EU launches anti-subsidy probe into Chinese electric vehicle imports, citing concerns of unfair competition due to state subsidies. China criticizes it as protectionism. Rising Chinese EV exports to Europe fuel the debate; potential tariffs could reshape global EV market dynamics.

The UK Government Explores Plans to Set Performance Standards For Monitoring EV Batteries

02 May 2023: The UK government is working jointly with global partners to develop new regulations for monitoring the health of electric vehicles. During the Vehicle Remarketing Association’s (VMA) meeting, the proposal to mandate the installation of battery state of health (SOH) monitors on all new electric vehicles was

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

Nearly £7.0bn allotted to upgrade UK’s public transport system

Rishi Sunak, Chancellor of the Exchequer announced his transport spending plans in the Autumn Budget speech on Wednesday 27th October and committed £6.9bn towards train, tram, bus and cycle projects when he set out his spending plans. Areas such as Greater Manchester, the West Midlands and South Yorkshire will