[ad_1] CNN — As President Joe Biden scored several legislative wins this year, voters across the country headed to the polls in November to decide on local measures. The passage of several of those measures will lead to new state laws this year. And Americans in 2023 will also feel …
Read More »Tax credit confusion could create a rush for electric vehicles in early 2023
[ad_1] CNN — As the new year begins, a number of popular electric vehicles, specifically some Tesla and General Motors models, could be eligible for $7,500 worth of tax credits they weren’t eligible for in 2022. But that eligibility may last only last a few months. That’s because limitations on …
Read More »Biden administration announces $2.5 billion loan to help GM and LG make EV batteries
[ad_1] CNN — The US Department of Energy’s Loan Programs Office will announce Monday that it is issuing a $2.5 billion loan to help start three lithium battery manufacturing hubs in Ohio, Tennessee and Michigan. The DOE loan programs office will loan the money to Ultium Cells LLC, a joint …
Read More »The new Toyota Prius has a huge power boost and even better fuel efficiency
[ad_1] CNN — Toyota unveiled an all-new version of its famous Prius hybrid car Wednesday just ahead of the Los Angeles Auto Show. It’s lower, longer and sleeker looking, with just less than a 10% improvement in the model’s vaunted fuel efficiency. Bigger gains come in terms of power and …
Read More »Ford takes $2.7 billion hit as it drops efforts to develop full self-driving cars
[ad_1] New York CNN Business — Ford is essentially pulling the plug on an effort to develop its first full self-driving car, and it’s going to cost the automaker $2.7 billion to walk away. The company announced Wednesday it would no longer provide financial support for Argo AI, a self-driving …
Read More »Why BMW really decided to make batteries in the US
[ad_1] CNN — BMW recently announced a $1.7 billion investment to help prepare its huge Spartanburg, South Carolina, factory to produce electric cars and SUVs. That sum included $700 million for the construction of a battery manufacturing plant nearby. Spartanburg is BMW’s largest factory anywhere in the world. It employs …
Read More »IPhone maker Foxconn reveals its electric car future
[ad_1] CNN Business — Foxconn, the Taiwanese company best known for building Apple’s iPhones, recently showed off two new electric vehicles at an event in Taipei as the company expanded on its plans to do for cars what it’s already done for phones. The company, officially Hon Hai Technology Group …
Read More »Why convenience stores aren’t rushing to replace gas pumps with EV chargers
[ad_1] Washington, DC CNN — Gas stations with convenience stores seem like an obvious location for electric vehicle chargers. Drivers could grab a drink or snack while waiting for their vehicle to charge. But despite available federal funding to build EV chargers, many stores aren’t biting. The reason? High electric …
Read More »Kia, once the ‘value’ brand, now has the biggest price markups
[ad_1] CNN Business — Reversing a century of tradition, most cars now sell for over the manufacturer’s sticker price. This is thanks to high demand paired with hobbled production due to global parts supply problems. But the brand with the highest average percentage markups might be the biggest surprise. It …
Read More »Myles Garrett, Cleveland Browns defensive end, hospitalized with his passenger after car crash
[ad_1] CNN — Cleveland Browns defensive end Myles Garrett was transported to a hospital Monday with non-life-threatening injuries following a car crash, according to the Ohio State Highway Patrol. Just before 3 p.m., troopers responded to a report of a rollover crash and injury in Sharon Township, about 40 miles …
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