Category: Automotive

Transportation Department Freezes $5 Billion for EV Charger Program, Sparking Industry Uncertainty

In a surprising move that has sent ripples through the electric vehicle (EV) sector, the Transportation Department announced today that it has frozen $5 billion in funds allocated for the EV charger program. The decision is raising concerns over potential delays in the rollout of much-needed public charging infrastructure, a key component in bolstering EV… Continue reading Transportation Department Freezes $5 Billion for EV Charger Program, Sparking Industry Uncertainty

General Motors Invests $625 Million in Lithium Americas’ Thacker Pass Project

General Motors (GM) is making a major play in the electric vehicle (EV) supply chain, committing $625 million to Lithium Americas Corp. (LAC) to help develop the Thacker Pass lithium mine in Nevada. This investment marks a significant step for both companies, aiming to strengthen the domestic production of lithium—a key component in EV batteries—and… Continue reading General Motors Invests $625 Million in Lithium Americas’ Thacker Pass Project

Uber makes deal with Taxicabs

Uber (UBER) has apparently cut a deal in San Fransisco with taxicabs to add them to the platform. Taxis are expected to start as early as next month and New York as soon as the spring potentially adding other major cities later. At this point it looks like Uber is having a hard time turning… Continue reading Uber makes deal with Taxicabs

Tesla signs secret Nickel deal

Tesla (TSLA) quietly signs a deal with Vale S.A. (VALE), a Brazilian mining company. Reported on Wednesday by Bloomberg News. With the price of nickel steadily rising even before the war in Ukraine, Tesla made the move to secure its supply of the metal for the ever-increasing demand of Electric Vehicle batteries. Unlike most of… Continue reading Tesla signs secret Nickel deal

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