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Organizations representing auto manufacturers, electric utilities and the electric drive industry are calling on President Obama to establish a new National Electric Fuel Task Force to help accelerate the adoption of plug-in electric vehicles and the necessary infrastructure. Under the American Recovery and Reinvestment Act, $2.4
Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and autoindustries. Companies and universities in Michigan are receiving more than $1 billion of the grants. Purdue University.
While the President’s Task Force on the AutoIndustry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.
But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.
A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. Additionally, the autoindustry provides 16% of total worldwide R&D funding for all industries. Click to enlarge.
Projects may also take on higher risk technology challenges to support a higher return on investment for the autoindustry and aggressively attack future CO 2 challenges. Grants will be awarded to UK businesses through a new, open competition for collaborative research and development funding.
Rush, the Right to Equitable and Professional AutoIndustry Repair (REPAIR) Act (H.R. 6570) would grant vehicle owners and independent shops equal access to tools. A right to repair has been introduced in the House of Representatives, which could help more independent shops work on electric cars and hybrids.
The US Department of Transportation has awarded a $15-million grant to renew the Center for Connected and Automated Transportation (CCAT), based in Ann Arbor and led by the University of Michigan. Lay Auto Lab and is a founding partner of the American Center for Mobility in Ypsilanti.
The facilities that would be supported by the grant are located in Michigan, Indiana, Illinois, Pennsylvania, Ohio, Virginia, Maryland, and Georgia. The grants are intended to support the production of electric vehicles, hybrids, plug-in hybrids, and hydrogen fuel cell vehicles. Don’t hesitate to contact us with news tips.
In addition to testing two plug-in hybrid Ford Escapes, the company owns seven other plug-in electric vehicles for research purposes including the Southeast’s first plug-in hybrid electric utility bucket truck, and it is expanding its partnership efforts with the autoindustry to test additional vehicles.
Negative reaction to the widely expected announcement was voluminous and vociferous: Ceres: “Rolling back the Corporate Average Fuel Economy (CAFE) and emissions standards will undermine the global competitiveness of the US autoindustry. This decision takes the U.S. The California waiver is still being reexamined by EPA.
Some folks fear that the transition to EVs will lead to major job losses in the autoindustry—and not without reason, as EVs require different (and fewer) components than legacy ICE vehicles. To these ends, the US Department of Energy has established the Domestic Manufacturing Conversion Grant Program. billion in funding.
The Mexican autoindustry has grown sevenfold since the 1960s and doubled its output since the 1990s, when it was granted full access to the US market. […] Giant amongst developing nations, Mexico stands currently as the seventh-largest automobile producer in the world (in number of units).
Incentives could include purchase incentives, tax rebates, off-peak charging rates, preferential and/or free parking, and grants for charging infrastructure installation, all designed to encourage a significant penetration of electric transportation solutions. Earley, Jr.,
Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year autoindustry veteran responsible for the development and production of the GM EV-1.
Ener1 said that customer interest in its lithium-ion batteries from all segments remained strong in spite of distress the autoindustry and current recessionary economic conditions. Net loss in 2008 was $43 million, compared to a loss of $51.7 million in 2007. Ener1 total assets are $142 million compared to $31 million in 2007.
The purchase funds for Fisker would in theory go directly to the DOE since the government agency loaned the auto company a large sum of money before it stopped production more than a year ago. The team submitted a detailed offer to the US Department of Energy (DOE) along with a letter of intent for restructuring Fisker. Earlier post.)
Kentucky has an experienced autoindustry-related workforce, and the region is within 500 miles of more than 4,800 auto-related vehicle manufacturers, including 69 vehicle assembly plants, noted Larry Hayes, Kentucky Governor Steve Beshear’s Cabinet Secretary. Argonne and Kentucky will also pursue other funding opportunities.
ACEA is stressing the need to divide the upcoming timeframe into two fundamental phases: an ongoing period until approval of relevant standards (Phase 1); and the period following approval of relevant standards granting sufficient lead-time for implementation (Phase 2).
The investment supports future STEM careers in the area, including job opportunities in the autoindustry. The legacy automaker’s grant will provide access to quality PreK education, student mental health resources, multi-language learning, and hands-on STEM programs for teachers and students. Toyota invested $11.1
A shift to manufacturing flexible-fuel PHEVs could be central to revitalization of the American autoindustry by positioning domestic automakers as leaders in this emerging technology. The transportation sector, which is 98 percent dependent on petroleum, accounts for two-thirds of U.S. million for advanced battery development.
Cischke cited the recent agreement on one national standard for fuel economy and greenhouse gas emissions regulations as an example of how the government, the autoindustry and the environmental community can work together toward common goals. Earlier post.) mpg in 2016. Sue Cischke. Ford received a $62.7 Earlier post.).
The plans, updated in the context of a worsening sales outlook for the entire autoindustry, outline a need for up to an additional $16.6 As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday.
If approved by the Court, this will be the largest consumer autoindustry class action settlement in US history. If the Court grants preliminary approval on 26 Jul, this site will then include a secure settlement look-up tool where consumers can enter their vehicle’s VIN number to learn their compensation amount.
China has granted approval to a first group of nine automakers to carry out tests on vehicles with advanced autonomous driving technologies on public roads, as part of a plan to accelerate adoption of self-driving cars. Fleet operators such as ride-hailing companies will also be involved in the tests.
Mercedes made waves in the autoindustry earlier this year when it became the first automaker certified to operate level 3 autonomous driving vehicles in the United States, with the first State being Nevada. it likely has a lot of growing to do.
This was partly due to the supply chain shortages that have been adversely affecting the autoindustry. . ” Granted, the message is a minor update than an actual timeframe for Model S refresh and Plaid deliveries. According to the CEO, Tesla met more challenges than expected in bringing the new Model S to market.
In the coming weeks, EVs from Rivian, General Motors (GM), Volvo and Polestar will follow, eventually leading the rest of the autoindustry into Supercharger access. unveiled nearly $149 million in grants dedicated to fixing around 4,500 broken public chargers , along with multiple other investments into the EV sector.
I write a monthly column for the Electric Auto Association newsletter, Current EVents. A billion dollars of loans and grants directly supporting Tesla, Th!nk, And these days a billion dollars is barely a rounding error in the money going to prop up the American autoindustry. Here's my April column.
US policy has been pushing the autoindustry to investigate alternatives to fossil fuels; the American Recovery and Reinvestment Act of 2009 provides up to $7,500 in tax credits for up to 200,000 plug-in vehicles. Error bars represent variation of estimates based on charging electricity source (Base case is U.S. Click to enlarge.
China in June granted approval to a first group of nine automakers to carry out tests on vehicles with advanced autonomous driving technologies on public roads, as part of a plan to accelerate adoption of self-driving cars.
The Serbian government reinstated the licenses for the mining project earlier this week, after revoking in 2022 the permits granted to Rio Tinto following a string of demonstrations over environmental concerns.
As per the Society of Indian Automobile Manufacturers (SIAM) report, the Autoindustry generates employment of 13 persons for each truck, 6 persons for each car and four persons for every three-wheeler and one person for two-wheelers. in 68 cities across 25 States/UTs and 1576 charging stations amounting to Rs. 108 crores (approx.)
Striking Ford employees are heading back to the assembly line today after the United Auto Workers (UAW) union reached a tentative labor deal with the company late on Wednesday. This agreement sets us on a new path to make things right at Ford, at the Big Three, and across the autoindustry.
To date, the relatively high cost of batteries has kept electric and plug-in vehicles at the fringes of the autoindustry. Granted, nearly every other electric car company is trying to increase performance through aerodynamics and new construction materials. “It’s a revolutionary platform,&# he said.
coalition government has warned autoindustry that it cannot continue to offer financial assistance to enable it to fully recover from the global recession. In addition, concern has been raised that even purchase grants for plug-in vehicles may be at risk if the government is unable to save money elsewhere in its budget.
It’s a dramatic reversal from the ebullience of recent years that sent prices soaring and sparked a rush by some of the autoindustry’s biggest players to secure future supply. Now, carmakers are getting cold feet and abandoning deal discussions, according to mining investment bankers and industry executives.
coalition government has warned autoindustry that it cannot continue to offer financial assistance to enable it to fully recover from the global recession. In addition, concern has been raised that even purchase grants for plug-in vehicles may be at risk if the government is unable to save money elsewhere in its budget.
The startup carmaker Rivian was founded a decade ago by RJ Scaringe, but it didn’t go public with its electric pickup truck and SUV until the 2018 Los Angeles Auto Show. It was a stunt, granted, but definitely a first for most of us. The two vehicles pretty much stole the show that year. The food was splendid.). The next Tesla?
Being a key component of its high-performance batteries, Musk stated back in 2020 that any company that can provide Tesla with environmentally-friendly nickel would be granted with a massive contract. Elon Musk has been very open about Tesla’s need for nickel.
So will his billions rejuvenate the American autoindustry and put it back on top of the motoring world as it enters a new era? per cent, has received 11 grants worth a total of $1.36billion to develop new kinds of batteries and electric car technologies, as well as to build the factories where they will be manufactured.
The country has restricted the export of autoindustry data since 2021, forcing German automakers to set up localized data hubs and limiting how much they can profit off customer data harvesting. Granted, that doesn’t preclude Porsche from doing well in Asia. But it also doesn’t make things easier.
It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its autoindustry from total demise. Subsidized solar panels have also wiped out European solar producers , and European governments are hoping the autoindustry can avoid the same fate.
This has been blamed on supply shortages, and Government grants worth up to £1,500 for purchases of new plug-in cars being scrapped in June. The number of registrations during the first three months of the year was 102% more than during the same period in 2021. At the end of August, the year-to-date increase had fallen to 49%.
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