Sen. Joe Manchin blasts EV tax credit expansion, calls for hydrogen development

West Virginia Democrat Joe Manchin blasted a potential expansion of the electric vehicle (EV) tax credit on Thursday, while also calling for the development of the hydrogen sector to decarbonize the transportation industry. Manchin, who called a Biden administration proposal to broaden the EV tax credit program “ludicrous,” said the waiting period for EVs right […]

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Volkswagen partners with bp for EV fast charging rollout in Europe

Volkswagen will partner with bp to launch a strategic partnership to roll out up to 4,000 fast-charging electric vehicle charge points in Germany and the United Kingdom within the next two years. The first charger was unveiled in Dusseldorf, Germany on Thursday, which will be the first of perhaps 8,000 total charging points across Germany, […]

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Amazon joins Ford in reporting significant losses from Rivian investment

E-commerce giant Amazon joined Detroit-based automaker Ford in reporting significant losses from an investment in electric vehicle startup Rivian, as the company’s stock tanked from all-time-highs it reached around its IPO. Amazon reported during its Earnings Call on Thursday that it lost $7.6 billion on its Rivian investment. Shares of Rivian reached prices as high […]

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VW Flexpole charging, USPS gas-truck opposition builds, first-gen Kia Niro EV lives on: Today’s Car News

A “Flexpole” fast-charger is at the center of a push for more charging in Europe from VW and BP. With a second-generation Kia Niro EV arriving in months, Kia sees a reason to keep making the first-gen Niro EV. And states and environmental g…

Elon Musk sells $8.5bn in Tesla shares following Twitter acquisition

Tesla CEO Elon Musk sold $8.5 billion worth of his electric automotive company’s stock following his acquisition of social media platform Twitter this week. Filings with the Securities and Exchange Commission reveal Musk sold around $3.3 billion worth of Tesla stock on Tuesday and another $654 million worth on Wednesday. Friday morning revealed more filings […]

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