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Electric Cars Experience “Breakthrough Moment” Led by Tesla, According to New York Times

CleanTechnica EVs

The auto industry is poised for some big changes in 2022. Boudette at The New York Times, “Battery-powered cars are having a breakthrough moment. … Their arrival represents the biggest upheaval in the auto industry since Henry Ford introduced the Model T in 1908.”

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China approves autonomous driving startup Momenta’s US IPO – ET Auto

Baua Electric

Momenta plans to issue up to 63,352,856 ordinary shares and list on the Nasdaq Stock Market or the New York Stock Exchange, the regulator said in a statement. The auto industry has defined five levels of autonomous driving, spanning driver assistance features such as cruise control at level one to fully self-driving cars at level five.

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GM and GlobalFoundries in long-term direct supply agreement for US production of semiconductor chips

Green Car Congress

Through this first-of-its-kind agreement, GF will manufacture for GM’s key chip suppliers at GF’s advanced semiconductor facility in upstate New York bringing a critical process to the US. This agreement supports GM’s strategy to reduce the number of unique chips needed to power increasingly complex and tech-laden vehicles.

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

The move comes as high interest rates have been a headwind for the auto industry over the past few years, and as electric vehicle (EV) sales have been slowing this year. Tesla has also launched a number of buying incentives in recent months, and especially leading up to the end of Q1.

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Tesla ramps up NACS adapter production to 8,000/week amid slow Supercharger opening

Baua Electric

In a surprising but welcomed series of events over the last two years, Tesla opened its charge connector and managed to convince the auto industry to make it the standard EV connector in North America. FTC: We use income earning auto affiliate links. Maybe that will change now that Tesla has ramped up adapter production?

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Opinion: NY Helicopter Ban Will Put America Even Further Behind

CleanTechnica EVs

and the auto industry stands poised to continue to benefit. The number of calls to NYC's 311 complaint line went from 1,000 a year to 26,000 last year.

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Biden administration to ease emissions requirements, reports say

Teslarati

The Biden administration is expected to propose easing Environmental Protection Agency (EPA) requirements on emissions and EV sales, according to two sources who spoke with Reuters , and a separate report from the New York Times citing three people familiar with the matter.

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