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Experts discuss the remaining hurdle to EV sales

Teslarati

Experts in the auto industry believe affordability is the remaining hurdle preventing electric vehicle (EV) sales from rising. The biggest issue in our industry is affordability,” Katarski said during the Automotive News Congress in Pontiac, Michigan. We’re seeing a ton of people flock to them—when they can afford them.

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France is making EVs and plug-in hybrids the basis for $9 billion program

Green Car Reports

billion) bailout package to help the auto industry recover from the coronavirus pandemic, and electric cars will be an important part of it. The aid package, as reported by Automotive News Europe, includes more generous incentives for electric cars and plug-in hybrids, as well as a.

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Toyota still hasn’t received the EV memo, sticks to hybrid strategy going forward

Electrek

It looks like Toyota is still not getting the message: people want electric vehicles, not hybrids. Despite all the evidence pointing to the inevitable growth of EVs in the auto industry, Toyota insists on sticking with hybrids, claiming, “That’s our strategy, and we’re sticking to it.”

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GM and Stellantis to receive over $1 billion from Biden administration for EV projects

Teslarati

As noted in an Automotive News report, the US federal government would be contributing $1.7 The US DoE noted that the Domestic Manufacturing Auto Conversion Grants , which are designed to help automakers switch from the production of combustion-powered vehicles to electric cars, are funded through the Inflation Reduction Act.

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Tata Motors urges govt to keep hybrid tax, Toyota lobbies for cut

Baua Electric

Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. Hybrid cars have been touted as the bridge to fill in the gap between internal combustion engine technology and electric propulsion tech.

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” He pointed out that electric vehicles and plug-in hybrids account for 14% of global car sales, led by Asian automakers.

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DOE announces $1.7 billion in grants to convert facilities for EV production and support US auto workers – Charged EVs

Baua Electric

Some folks fear that the transition to EVs will lead to major job losses in the auto industry—and not without reason, as EVs require different (and fewer) components than legacy ICE vehicles. Hyundai Mobis, which operates a Stellantis supplier in Ohio, will receive $32 million to produce plug-in hybrid components and battery packs.

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