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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Despite being a pioneer in hybrid vehicles, Toyota was slow to implement BEV strategies; President Akio Toyoda announced the bZ EV brand only last year. Toyota plans to launch 30 models by 2030. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Toyota announced US$70.4

Global 370
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Toyota to receive $853 million subsidy to expand local battery production

Teslarati

Toyota Motor Company is expected to receive an $853 million subsidy from Japan’s industry ministry to expand its electric vehicle (EV) battery production. Toyota has ambitious EV battery production plans for the future. Toyota plans to produce low-cost battery cells with 621 miles of cruising range before 2030.

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Three perspectives on China’s EV industry (spoiler alert: legacy brands are toast) – Charged EVs

Baua Electric

Jeremiads lamenting China’s takeover of the global auto industry are everywhere these days. Each reaches basically the same conclusion: the global non-Chinese automakers will never be able to catch up unless they radically change their corporate mindsets. Three recent accounts stand out from the pack.

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Chinese language EV makers pin hopes on Europe’s auto sellers

Baua Electric

The a hit ones, like Toyota and Hyundai, handiest slowly crept upper within the ranks and not posed an actual blackmail to Volkswagen’s dominance. Tesla’s good fortune Now, the {industry}’s paradigm shift to EVs is developing unheard of alternative for newbies. Sellers, although, stay central.

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Sandy Munro spits facts about Tesla, the Detroit 3 & the trajectory of the US vehicle industry

Teslarati

In his latest video, Munro doesn’t hold back and spits out truths about the US government’s approach towards improving the local auto industry and its chosen champions in the fight to dominate the global car market. Munro Live has become a channel where car expert Sandy Munro can educate the public on the inner workings of vehicles.

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Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits

Teslarati

The CEOs of Ford, General Motors, Stellantis, and Toyota all urged Congress to eliminate the cap on the $7,500 electric vehicle tax credit as zero-emissions vehicles cost more to manufacture. However, Ford sold 160,000 EVs last year alone, and Toyota said in Apri l it expects to lose its access to the $7,500 credit later this year.

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Lux Research says GM, Daimler and Toyota lead automakers in emerging technology partnerships tackling megatrends

Green Car Congress

Technologies such as alternative fuels, electric vehicles, and advanced composites are partial responses to these megatrends, but understanding their impact on the industry requires looking at all of them in complete automotive ecosystems, according to the report “Under the Hood: Mapping Automotive Innovations to Megatrends”.

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